Report discusses clinical risk grouping solutions market trends for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Covers the Complete Overview, Top Players and Regional Forecast.
Clinical risk grouping solutions market drive by major categories, viz., scorecard & visualization tools, dashboard analytics, and risk reporting. Dashboard analytics segment is expected to witness one of highest CAGR within clinical risk grouping solutions market. Focus on risk management and big data solutions are driving the market for clinical risk grouping solutions.
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North America accounted for largest share of clinical risk grouping solutions market. Large share of North America can be attributed to support for adopting HCIT by providers and payers, increasing focus on population health services, and greater availability of clinical risk grouping solutions. Public cloud segment is estimated to be the fastest-growing segment with the highest CAGR.
“Clinical risk grouping solutions market is projected to reach USD 829 million by 2024 from USD 427 million in 2019, at a CAGR of 14.2%.”
Private cloud accounted for largest share of the clinical risk grouping solutions market in 2018 as it offers highest level of security for sensitive data making it a viable option for highly sensitive clinical risk grouping data. This data has to be stored in a secure way to avoid any breach of data privacy, which can lead to legal ramifications.
Top players in Clinical Risk Grouping Solutions market are Cerner Corporation (US), Conduent Inc. (US), Nuance Communications (US), Health Catalyst (US), HBI Solutions (US), Johns Hopkins University (US), Lightbeam Health Solutions (US), Dynamic Healthcare Systems (US), 4S Information Systems (US), Evolent Health (US), and PeraHealth (US). Inquire for Discount on http://www.rnrmarketresearch.com/contacts/discount?rname=2520332 .
High adoption of dashboard analytics by healthcare providers, increasing adoption of risk management solutions in healthcare industry, growing requirements for accuracy & quality of patient care, and the rising use of big data solutions in healthcare are driving growth of segment.
- In June 2019, Optum, Inc. (US) acquired the DaVita Medical Group from DaVita Inc. (US). This will result in increased patient management programs, especially in the kidney care space.
- In May 2019, HBI Solutions (US) signed a partnership with Iatric Systems, Inc. (US) under which, HBI Solutions (US) will use Iatric’s AI systems for generating predictive risk scores of patients for healthcare providers.
- In April 2019, Health Catalyst (US) signed a partnership with Fullerton Healthcare Corporation (Singapore), which will combine Health Catalyst’s analytical services with Fullerton’s services in the Asia Pacific market.
- In March 2019, Evolent Health (US) and GlobalHealth (US) formed True Health as a joint venture between the two companies. True Health will focus on developing solutions for healthcare providers and payers.
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Scorecard & visualization tools, dashboard analytics, and risk reporting are three product types of clinical risk grouping solutions. Scorecard & visualization tools segment dominated market with largest share due to its ability to predict payment processes accurately and project per-patient risk. Rising need to reduce healthcare costs through these two channels is expected to augment growth of segment during forecast period.
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