The healthcare industry is gearing towards more valuebased care, emphasizing the importance of effective care management. Effective care coordination, particularly during episodic health changes, aids in lowering ambulatorysensitive admissions readmissions and curbing the overuse of costly, low-value care, ultimately impacting overall care costs.
Patient centricity is a driving force, demanding personalized and convenient healthcare experiences. Ambulatory care settings offer advantages such as shorter visits and lower complication rates. In-home care is expanding to include various patient profiles and care types, including more complex and technology-enabled segments like home infusions and hospital-at-home models, which are rapidly growing but still developing their scaling capabilities. These trends reflect the industry’s focus on improving patient outcomes and reducing costs.
The global care management market is projected to increase from $13.40 bn in 2023 to $23.85 bn by 2028, reflecting a robust CAGR of 12.23 percent during the forecast period (2023-2028). Longitudinal and digital tools, including virtual and remote patient monitoring (RPM), are essential for chronic patients who face barriers to traditional care access. An emerging trend involves automating workflows and employing Intelligent Document Processing (IDP) to streamline administrative tasks in care management, such as patient list management, appointment scheduling, and report dissemination to multiple care teams.
This Healthcare Business Review brings readers to the key developments in care management through thought leadership articles from Dr. Michael Genovese, Chief Medical Officer at Acadia Healthcare, and James Bryant, Vice President of Emergency Services at Centra Health.
Dr. Michael Genovese talks about the importance of providing support and care for healthcare workers who are at risk of burnout and other mental health challenges. James Bryant discusses the increasing demand for mental and behavioral health services in emergency departments (EDs) and the limitations of existing facilities to handle these patients.
In this edition featuring the Top Care Management Services Providers 2023, we hope you find the appropriate company suited to your business requirements.
