Most-Widely Adopted Strategies in the Care Management Solutions Market, Globally..!

Care management solutions are increasingly being employed by stakeholders in the healthcare sector such as healthcare payers, providers and others (employer groups and government bodies) to achieve cost-efficiency, reduce gaps in care, and improve the quality of care delivered. The adoption of these solutions as a measure to deliver patient-centric care offers significant growth opportunities for market players in the domain of care management solutions.

The growth of the overall care management solutions market can be attributed to the implementation of initiatives to shift the burden of risk from healthcare payers to providers, initiatives to promote patient-centric care, rising geriatric population coupled with the burden of chronic diseases, need to reduce healthcare costs, growth in medical tourism sector, and advancing IT and big data capabilities. 

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In the coming years, the market is expected to witness the highest growth in the European region. This is attributed to the impetus in Europe to adopt HCIT solutions to increase the efficiency of healthcare delivery, government initiatives to promote care coordination and enhance care quality, the rising aging population, and the need to curb the high cost of healthcare in Europe.

The key vendors in the global care management solutions market include Allscripts Healthcare Solutions, Inc. (U.S.), TriZetto Corporation (U.S.), Phytel Inc. (U.S.), EXL Healthcare (U.S.), AxisPoint Health (U.S.), Wellcentive, Inc. (U.S.), Medecision, Inc. (U.S.), ZeOmega Inc. (U.S.), i2i Systems, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Pegasystems Inc. (U.S.),  Epic Corporation Inc. (U.S.), and Harmony Information Systems, Inc. (U.S.).

These market players have implemented various growth strategies to gain a foothold and strengthen their positions in the care management solutions market. Some of the important strategies (and examples of prominent developments) adopted by market players over the last three years are listed below.

• Product Enhancement: In April 2016, EXL Healthcare launched Version 3.1 of Care Radius, its cloud-based total population health and care management platform. The solution integrates data from multiple sources to improve operational efficiency and workflows.
  
• New Product Launch: In April 2016, IBM Watson Health and behavioral health analytics provider ODH, Inc. (a subsidiary of Otsuka America, Inc.) (U.S.) launched the Mentrics platform, aimed at aiding managed care organizations that handle behavioral health benefits to deliver suitable interventions to patients with behavioral health conditions.
  
• Partnership: In February 2016, ZeOmega Inc. (U.S.) partnered with Vivify Health, Inc. (U.S.) to integrate ZeOmega’s Jiva platform with Vivify mobility applications. The partnership aimed to facilitate the management of chronic care across multiple populations, including the frail and elderly, and populations with complex co-morbidities.
  
• Acquisition: In May 2015, Phytel Inc. (U.S.) was acquired by International Business Machines (IBM) Corporation (U.S.) to strengthen its health-focused data-analytics efforts. The acquisition aims to apply advanced analytics and cognitive computing to the delivery of healthcare services to enable healthcare providers to improve the quality of care offered.

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