Care Management Solutions Market is expected to grow with a CAGR 11.1% from 2022 to 2028

As stated in our extensive report; providing insights Key Drivers, Key Restraints, Segments (i.e.,Component, Delivery Mode, Application, and End User and Region); the Global Care Management Solutions Market accounted for USD 12.4 Billion in the year 2021.

“Key Factors Likely to Drive Growth of Care Management Solutions Market”

Care management is the scope of activities planned to enhance patient care and decrease the need for medical services through supporting patients and caregivers more efficiently and managing health conditions. Many healthcare firms are simply entering into risk-based contracts where they will be held responsible for offering care to specific populations of patients while practicing desirable care control.

Execution of capability to shift the burden of risk from healthcare payers to providers: Globally, several evolutions are being implemented to shift the burden of risk borne by healthcare payers to providers. This shift encourages the adoption of healthcare information technology (HCIT) solutions such as care management solutions. Value-based care is also encouraged through alternative payment models such as bundled payments, physician incentives, and consumer incentives, among others.

Emerging countries offer flourishing potential: Several elements, such as the evolution of government capability supporting the acquisition of HCIT solutions and rising government healthcare expenditure, are driving the growth of the market. Technological advancements are playing a key role as authorities are focusing on reforming the country’s healthcare management sector, which is currently facing challenges such as fulfilling rural health centers, overload city hospitals, and a nationwide shortage of doctors.

North Americaheld the largest share in the Global Care Management Solutions Market in 2021 due to the increased adoption of care management solutions by healthcare providers to meet the healthcare goals of better-quality care and lower healthcare cost. The U.S attributes the development of care management solutions to its proper innovation of healthcare quality.

Some of the key players in the GlobalCare Management Solutions Marketinclude-EXL Service Holdings Inc. (US), Casenet LLC (US), Medecision Inc. (US), ZeOmega Inc. (US), Cognizant Technology Solutions (US), Cerner Corporation (US), Allscripts Healthcare Solutions Inc. (US), Epic Systems Corporation (US) and others.