Geographically, Healthcare Quality Management market report 2018-2023 offers a comprehensive analysis on major regions such as North America, Europe, Asia Pacific, South America & Middle East and Africa. Healthcare Quality Management market analysis is provided for the international market including development history, competitive landscape analysis, and major regional development status, segmentations with product type and application.
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The global Healthcare Quality Management market is expected to witness a CAGR of 12.0% over the forecast period of 2018-2023. The healthcare quality management is used to improve the effectiveness of the treatment and to increase the patient satisfaction. Due to the rise in the aging population across the globe and increased healthcare costs, quality management has become an essential part of healthcare systems.
Government Mandates for the Healthcare Systems to Improve the Quality and Performance of the Healthcare Providers
As the latest technologies are evolving, cost of the healthcare services is increasing and this is affecting the performance of healthcare providers in the developing or under developed nations. To obtain the standard level of quality, government is taking efforts in various nations across the globe.
For instance, Physician Quality Reporting System (PQRS) is the quality-reporting Programme that helps healthcare providers to assess the quality of services they provide to the patients, which helps them understand whether the patient is getting right service at right time. As per the National Institute of Health, government of Netherlands has implemented comprehensive health reforms to monitor the quality of care in the country. This reform is helping the country in establishment of the better healthcare services. In addition, European countries are now taking efforts in the betterment of the healthcare sector in terms of quality. Quality Improvement Systems (QIS) are being implemented in the European countries for performance management and it has become mandatory part of the healthcare system of Europe. Such mandates of government are helping in the growth of the healthcare quality management market across the globe.
Along with that, other factors such as increasing amount of unstructured data in healthcare and rising healthcare costs and medical errors are driving healthcare quality management market.
Cost Associated With the Implementation of the Quality Reporting Systems
The Centers for Medicare and Medicaid (CMS) has various programs that are helpful in the improvement of the quality of care and reducing the cost associated with the quality management. For the implementation of the quality reporting systems, cost is the major point of concern for the providers as well as payers. Owing to the better services and standard treatments, the cost of the quality reporting systems goes up which ultimately hampers the growth of healthcare quality management market. There is a direct connection between healthcare costs and quality but governments of various countries are planning to meet the expectations of the payers by reducing the costs of quality reporting systems. However, despite the efforts of government, cost is aiming to rise.
Countries like United States have better reimbursement policies that help payers to obtain the better care but developing nations are still fighting for the better care in affordable costs. Hence, the healthcare quality management market is affected in a negative way due to the higher costs of quality reporting systems.
Data security issues associated with the quality management softwares is another factor that is hindering the growth of the market.
North America Holds the Largest Share in the Healthcare Quality Management Market
North America accounts for the largest share of the market studied. This can be primarily attributed to better reimbursement facilities provided and involvement of government in the implementation of quality management services, which are expected to augment the growth of the market studied over the forecast period.
Key Developments in the Market
• Jul 2018: Cerner and Lumeris are in partnership to Launch Offering to Reduce Complexities for Health Systems Delivering Value-Based Care.
Major Players – CERNER CORP., CHANGE HEALTHCARE, CITIUSTECH INC., DOLBEY SYSTEMS, INC., MCKESSON CORP., MEDISOLV, INC., NUANCE COMMUNICATIONS, INC., PREMIER, INC., QUANTROS, INC., SURESCRIPTS, LLC AND TRUVEN HEALTH ANALYTICS INC. among others.
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Major Points Covered in Table of Content of Healthcare Quality Management Market:
Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Healthcare Quality Management Market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market
And Many More….
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