Dublin, Nov. 21, 2022 (GLOBE NEWSWIRE) -- The "U.S. Patient Engagement Solutions Market Size, Share & Trends Analysis Report by Delivery Type (Web & Cloud Based, On Premise), by Functionality, by Component, by End User, by Application, by Therapeutic Area, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The U.S. patient engagement solutions market size is anticipated to reach USD 18.1 billion by 2030, registering a CAGR of 15.1%, according to this report. The key factors driving the market growth include rising digitalization in healthcare, the prevalence of chronic conditions, adoption by patients, and the COVID-19 pandemic. The COVID-19 pandemic acted as a catalyst for rapid business and economic changes. Certain trends, which grew steadily in the past decades, including digital healthcare solutions, unexpectedly became omnipresent as lockdowns directed remote operations and large-scale reliance on technology. In addition, the COVID-19 pandemic has shown the importance for clinicians to have rapid and full access to a patient's history to make the best-informed decision about their care. This propelled the growth of the market. In fact, as per the U.S. Census Bureau, the median age of the country's population is estimated to reach age 43 by 2060 with just two-and-a-half working-age adults for every retirement-age individual. This indicates an aging U.S. population that is more likely to avail the best possible treatments to increase life span. The incidence of chronic illnesses in the U.S. is also on the rise despite the availability of several effective therapies. The incidence of chronic illnesses in the U.S. is also on the rise despite the availability of several effective therapies. Chronic ailments are the leading cause of disability & death and are the leading drivers of the country's USD 3.8 trillion 12-monthly healthcare costs, according to the CDC. The COVID-19 outbreak has expedited the necessity for digital solutions, highlighting the need for remote care, which is not only preferred but also essential. The increasing adoption of mobile platforms coupled with the dissemination of uninterrupted 3G, 4G networks, and emerging 5G technology, are rapidly boosting the use of mobile health. U.S. Patient Engagement Solutions Market Report Highlights
· The U.S. Patient Engagement Solutions market was valued at USD 5.16 billion in 2021 and is expected to grow at a CAGR of 15.1% during the forecast period
· The surge in adoption of telemedicine, increasing healthcare consumerism, and rising integration across healthcare IT platforms is anticipated to propel the market growth over the forecast period
· The wed & cloud-based solutions segment held the largest share of delivery type segment in 2021 due to ease of accessibility & scalability, growing adoption of cloud technology, and technological advancements in the segment
· By component, the software & hardware segment dominated the market in 2021 as it forms the core of patient engagement offerings
· Providers accounted for the highest market share by end-user while the application segment was dominated by outpatient health management in 2021
· In terms of therapeutic area, chronic disease management attributed to the largest share owing to an aging population and rising prevalence of lifestyle disorders
· According to CDC, 6 in 10 Americans live with at least one chronic disease
· Diabetes and heart disease are the key chronic diseases. In fact, as per CDC's 2020 report on National Diabetes Statistics 34.2 million Americans had diabetes in the country.
Companies Mentioned
· Cerner EMR Corporation (Oracle)
· NextGen Healthcare, Inc.
· Epic EMR Systems Corporation
· Allscripts Healthcare, LLC
· McKesson iKnowmed EMR Corporation
· ResMed
· Koninklijke Philips N.V.
· Klara Technologies, Inc.
· CPSI
· Experian Information Solutions, Inc.
· athenahealth, Inc.
· Solutionreach, Inc.
· IBM
· Nuance Communications, Inc.
NextGen EHR Software
NextGenEMR was founded by two doctors in 1998 with one goal: to improve efficiency in medical office operations. The company founders created a solution that would accommodate both staff and physicians with simple-to-use and affordable technology that can be used in any facility.
NextGen Medical Software (MediTouch) is a cloud-based EMR platform specifically for private practices. Next Gen Software integrates practice management solutions that include specialty-specific content and a claims clearinghouse. It also includes an easy-to-use patient portal. It is compatible with all browsers and is touchscreen-enabled.
The System offers MIPS reporting/dashboards, automates insurance eligibility, empowers patients to schedule appointments, request refills, schedule telehealth visits, and connects the care team through direct messaging and referral exchange. The software allows providers to touch, talk or type in encounter notes directly into their clinical documentation.
Allscripts EMR Software
Allscripts EMR Software is in business for the last 30 years. It is used in four countries: Australia, the United Kingdom, Canada, and Canada. Over 7000 employees work for the company, connecting and supporting 333,188 doctors and 2,340 hospitals. The company also offers a portal for patient engagement, Allscripts FollowMyHealth. It serves more than 16 million users. This software is ONC certified by the ATCB and compatible with Allscripts Revenue Cycle Management services and solutions.
Allscripts Healthcare Solutions has evolved from being a core electronic prescribing organization to a forward-looking Electronic Health Records, Financial Management, Precision Medicine, and Population Health Management (Allscripts CareInMotion), solutions provider. It is possible for large hospitals and practices to integrate the platform with other top practice management systems due to its open-source nature.
There are two distinct EHR platforms available depending on the size of your practice and the complexity of your practice workflows. Both platforms have customizable templates for many medical specialties, intuitive daily planners, and patient portals. They also include voice recognition, charting, voice recognition, charting, E/M coding, and mobile apps. Allscripts acquired Mckesson Hospital IT system and Practice Fusion over the past few years.
CPSI EMR Software
CPSI EMR software is a suite of cloud-based products that includes billing, EHR, and radiology applications. It's designed for community hospitals and acute care centers of all sizes. The main features include a patient portal with specialty-specific templates, a SQL-compliant database, and procedural workflow modules. Lab integration and physical therapy are also included. These features are essential for practices to ensure financial and clinical accuracy. Automated tasks like report processing and claim scrubbery can be automated by users.
The platform's latest version is certified for Meaningful Use Stages 1, 2, and ONC ATCB. CPSI's open system architecture and sophisticated design offer flexibility, while also incorporating the most recent advancements. The EHR system has three modules that manage point-of-care medication management: medication reconciliation, medication verification, and electronic prescribing. Vendors ensure that EMR software is easily and efficiently integrated into hospital systems to automate their day-to-day tasks. It allows physicians to improve patient safety and health.
CPSI includes advanced payment options, such as lab information systems and blood inventory modules. These functions allow users to manage quality control, prescription renewals, medication reconciliations, blood inventory, appointment scheduling, and clinical documentation. The system also provides support and training for ambulatory and acute care medical practices in rural areas.
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