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The U.S. patient engagement solutions market size is anticipated to reach USD 14.7 Billion by 2028. The market is expected to expand at an exponential CAGR of 16.6% from 2021 to 2028.
The key factors driving the growth include the rising geriatric population and the prevalence of chronic conditions.
The COVID-19 pandemic acted as a catalyst for rapid business and economic changes. Certain trends, which grew steadily in the past decades, including digital healthcare solutions, unexpectedly became omnipresent as lockdowns directed remote operations and large-scale reliance on technology.
In addition, the COVID-19 pandemic has shown the importance for clinicians to have rapid and full access to a patient s history to make the best-informed decision about their care. This propelled the growth of the market for patient engagement solutions in the U.S.
United States $14 7 Bn Patient Engagement Solutions Markets Analysis & Forecasts, 2016-2020 & 2021-2028 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The U.S. medical coding market size is expected to reach USD 31.4 billion by 2028 registering a CAGR of 8.3% during the forecast period.
Frequent revisions in the medical codes is one of the major parameter driving the market growth. Moreover, new codes were developed for coding and billing of the COVID-19 disease. For instance, new ICD codes were launched by the World Health Organization, such as U07.1, B34.2, and B97.29. Moreover, CPT published new codes for COVID-19 testing. The Centers for Medicare & Medicaid Services (CMS) also developed new codes for lab testing. This, in turn, is estimated to drive market growth over the coming years.
Press release content from Business Wire. The AP news staff was not involved in its creation.
United States Healthcare Payer Analytics Market 2020-2027 by Analytics Type, Component Type, Delivery Model, & Application - ResearchAndMarkets.com
January 20, 2021 GMT
The U.S. healthcare payer analytics market size is expected to reach USD 13.3 billion by 2027. The market is expected to expand at a CAGR of 24.1% from 2020 to 2027.
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The rising digitization of healthcare data is one of the key factors supporting market growth. In addition, the increasing shift from volume-based to value-based care is driving the market in the country. According to a report titled “2019 Payer Analytics Market Trends Report” published by IBM, payers have started adopting analytics technology for supporting the shift from Fee-for-Service (FFS) models to Value-based Care (VBC) models.