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Client Acquisition Was the Most-widely Adopted Strategy in the Care Management Solutions Market
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 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.
Care Management Solutions Market by Component (Software & Services), Delivery Mode (On-premise, Web, & Cloud Based), End-user (Provider, Payer), Application (Chronic Care Management, Case Management) - Analysis & Global Forecasts to 2021
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