6 Insights on Population Health Management Analytics Vendors
A 135-page report from Chilmark Research explains various trends for data analytics that support population health management. Report authors dig into overall market trends and vendor trends with profiles of 19 companies, data aggregation issues, challenges ahead for vendors and what providers face as they enter the arena. “To date, providers have never managed global risk on this scale, leveraged such complex data sources, nor faced such obstacles.” This presentation looks at industry trends of vendors. (Photo Credit: Fotolia)
The industry serving the market is becoming increasingly crowded and new vendors enter the market every day. There are now almost 100 vendors purporting to serve the PHM market in some form or another, many of them seeking to align their brand with PHM by any means necessary. Vendors now face an interim period of much uncertainty and adopters of PHM solutions face a dizzying array of choices, many of them still exceedingly immature with few if any reference clients. (Photo Credit: Fotolia)
Vendors can be roughly divided into two categories: best-of-breed and platform-play solutions, depending on their particular products and marketing strategies. It is currently a best-of-breed market with providers adapting their products to fit a particular need created by a specific payment contract. Vendors aspiring to become enterprise-wide platforms find “enterprise-thinking” health care organizations in short supply.
The last 12 months have seen an upswing in vendors’ services offerings across diverse services categories: change management, PHM programs, physician behavior change initiatives, and data quality change management. The key concern is that downstream providers need much more help than expected as they transition to value-based reimbursement, with resources posing the biggest challenges. In addition, delivering solutions via SAAS rather than in-house installations has become the status quo, with even in-house clinical enterprise data warehouse/analytics being offered as a service. (Photo Credit: Fotolia)
There has been an upswing of investment in provider-focused care management tools. These offerings are differentiated from payer-centric care management tools of the past by turning the care management paradigm “horizontal,” or driven off an underlying data platform. (Photo Credit: Fotolia)
The past year has seen more vendors with clinical-based capabilities and claims-based capabilities coming together in order to provide a more complete solution. Both of these types of vendors have something the other wants: Clinical vendors want the claims-based risk stratification and analytics expertise while claims-based vendors need to enter the new world of clinical data. (Photo Credit: Fotolia)
It has become popular for vendors to claim to be the only company that can make data actionable--though the definition of “action” tends to vary greatly: self-service analytics, automated patient outreach, clinical rule alerting, predictive modeling, care management tooling, and so on. No vendor has so far succeeded in truly redefining data-driven workflow and patient engagement on a large scale. (Photo Credit: Fotolia)
The 2014 Analytics for Population Health Management Market Trends Report is available here . The cost is $6,000.
A 135-page report from Chilmark Research explains various trends for data analytics that support population health management.
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