Clinical Risk Grouping Solutions offers a relative and comprehensive population-based understanding of disease severity which can help healthcare professionals to design care coordination strategies and decide best practices to control operational costs, maintain quality and improve patient outcomes. Clinical risk grouping solutions can describe the health status and burden of illness of individuals in an identified population. Clinical risk grouping solutions work by a combination of diagnosis-based and consequences-based criteria to identify children and adults with ongoing or chronic health conditions.
Global Clinical Risk Grouping Solutions Market: Growth Factors
The global clinical risk grouping solutions market is growing at a significant rate. Factors such as the growing emphasis on patient’s risk management and the rising adoption of big data in the healthcare industry to improve clinical outcomes are mainly driving the growth of the market. Furthermore, the rapidly increasing patient pool and their data generated in healthcare organizations are challenging for physicians, hence the demand for effective solutions such as clinical risk grouping is expected to increase the global clinical risk grouping solutions market growth during the forecast period. On the other hand, lack of expertise in the field may hamper the growth of the global clinical risk grouping solutions market over the forecast period. However, growing acceptance of AI and machine learning in the healthcare field will produce better growth opportunities for the global clinical risk grouping solutions market.
The positive impact can be seen in the clinical risk grouping solution market amid COVID 19 pandemic situations. The healthcare industry is transitioning through a difficult time of the pandemic. In current pandemic situations, hospitals are facing an influx of patients, shortage of supplies, and resources that have weakened the healthcare system. These situations are spurring the demand for Clinical Risk Grouping Solutions worldwide.
Global Clinical Risk Grouping Solutions Market: Segmentation
The global clinical risk grouping solutions market is bifurcated based on product, deployment, end-user, and region. Based on the product, the global clinical risk grouping solutions market is bifurcated into scorecard & visualization tools, risk reporting, and dashboard analytics. Among these, scorecards & visualization tools is expected to register a high CAGR over the forecast period. The deployment segment is divided into a public cloud, private cloud, and hybrid cloud. Deployment through the private cloud is expected to hold the largest market share during the forecast period. Based on end-users, the global clinical risk grouping solutions market is bifurcated into hospitals, payers, ambulatory care centers, and long-term care centers. The hospital segment is estimated to hold the largest market share over the forecast period.
Global Clinical Risk Grouping Solutions Market: Regional Analysis
North America is anticipated to hold the largest share of the global clinical risk grouping solutions market. Factors such as well-established healthcare infrastructure, presence of key players in the region, government & private sector initiatives to implement advanced healthcare technologies are fueling the growth of the clinical risk grouping solutions market in this region. Asia Pacific region is expected to grow with a high CAGR over the forecast period. Factors such as the presence of a large patient pool with the demand for lower healthcare cost, the focus of major players of the world in the Asia Pacific market, the emergence of big data in the major countries in this region are expected to fuel the market in the forecast period. The clinical risk grouping solutions market in Europe is growing at a healthy rate and is expected to contribute a significant share in the global market.
Global Clinical Risk Grouping Solutions Market: Competitive Players
Some of the prominent players operating in the global clinic risk grouping solutions are Conduent Inc, Health Catalyst, 4S Information Systems, Cerner Corporation, 3M Corporation, PeraHealth, Evolent Health, Nuance Communications, Conduent Inc, HBI Solutions, and Optum, Inc.