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The adoption of population health management solutions enables the healthcare industry to reduce costs while improving the quality of healthcare. The solutions also provide positive returns on investment. Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., federal funding, rise in aging population, and incentives by the government for the adoption of PHM programs have stimulated the adoption of population health mgmnt solutions in the healthcare industry. However, in spite of the numerous benefits certain barriers such as huge investments, lack of skilled analysts, fragmented end–user market, and security of patient data are restraining the growth of this market.
North America is the largest market. The high growth in the North American region can be attributed to factors such as the rising healthcare costs and the demands for quality care, legislative reforms, rising aging and chronically ill population, and government support for population health mgment programs. Similarly, government impetus to population health management initiatives in various countries in the European and Asian regions as well as need for quality care at affordable costs is expected to stimulate the growth of the market in Europe and Asia.
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