Global Enhanced Ambulatory Patient Grouping Software Market, By Delivery Mode (On-Premises, Cloud-Based), End User (Payers, Hospitals, Ambulatory Surgical Centers (ASCs), Physician Clinics, Government Agencies and Researchers, Billing Services, Business Partner, Other Providers), Application (Setting Appropriate Incentives, Predicting and Verifying Expected Payment, Public Reporting, Quality Comparisons, Clinical Insight, Financial Analysis, Defining Episodes) – Industry Trends and Forecast to 2029.
Enhanced Ambulatory Patient Grouping Software Market Analysis and Size
Ambulatory patient grouping software such as HER systems improves collaboration, scheduling with security, patient engagement, and mobile-friendly communication. Blue Cross Blue Shield of North Dakota (BCBSND) has been utilizing the Enhanced Ambulatory Patient Grouping Software system since November 2020. This software explains the amount and type of resources used in a wide range of ambulatory visits. This company utilizes the system for hospital outpatient, ambulatory surgical center, partial psychiatric, and partial substance abuse claims.
Data Bridge Market Research analyses the global enhanced ambulatory patient grouping software market growth in the forecast period 2022 to 2029. The expected CAGR of the enhanced ambulatory patient grouping software market is tend to be around 8.30% in the mentioned forecast period. The market was valued at USD 1.52 billion in 2021, and it would grow upto USD 2.88 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Enhanced Ambulatory Patient Grouping Software Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Delivery Mode (On-Premises, Cloud-Based), End User (Payers, Hospitals, Ambulatory Surgical Centers (ASCs), Physician Clinics, Government Agencies and Researchers, Billing Services, Business Partner, Other Providers), Application (Setting Appropriate Incentives, Predicting and Verifying Expected Payment, Public Reporting, Quality Comparisons, Clinical Insight, Financial Analysis, Defining Episodes)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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3M (US), athenahealth (US), AdvancedMD, Inc. (US), Kareo, Inc (US), Bizmatics, Inc. (US), DrChrono Inc. (US), Compulink Advantage (US), NXGN Management, LLC (US), RXNT (US), WebPT (US), Valant Inc.(US), Medsphere Systems Corporation. (UK), Modernizing Medicine (US)
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Market Opportunities
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Market Definition
Enhanced ambulatory patient grouping software is a system that captures the current changes in clinical practice and resource use to help the patients and physicians with a broader, more inclusive classification of outpatient care. The market is flourishing, especially after COVID-19, and showing to be of great importance in the recent decades.
Global Enhanced Ambulatory Patient Grouping Software Market Dynamics
Drivers
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Effective Government Regulations
The increasing number of adverse events associated with patients across the globe and the effective utilization of governance, risk, and compliance (GRC) solutions are acting as one of the main drivers in the market. GRC solutions provide safe, high-quality care to patients while balancing compliance with industry standards and regulations.
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Effective Advanced Software
Increasing usages of software to improve cost efficiency and quality of care and the rising demand for advanced software which can be used to help payers in designing payment method, and also the varied advanced applications from hospitals, payers and other surgical centers are likely to enhance the growth of the enhanced ambulatory patient grouping software market
Opportunities
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Minimization of risk
The market is set to flourish due to the rising need to minimize the risk associated with patient harm. Also, the implementation of patient grouping software is necessary for ambulatory care centers as it helps them effectively manage patient safety events.
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Prevalence of Software
The rising occurrence of software that provides a useful metric for benchmarking, case management, analytics, care coordination, reporting and others are the primary factors which will further bring several opportunities for the growth of the enhanced ambulatory patient grouping software market in the above mentioned forecast period.
Restraints/Challenges
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Lack of skilled professionals
The lack of qualified personnel unable to use these software could curb the growth of the global enhanced ambulatory patient grouping software market over a forecast period.
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High Cost
The high cost of these software systems can hinder the growth of the global enhanced ambulatory patient grouping software market even though the prevalence of the patients are high.
This global enhanced ambulatory patient grouping software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global enhanced ambulatory patient grouping software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Enhanced Ambulatory Patient Grouping Software Market
The COVID-19 has left an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included.
There was a growing burden on acute care settings, with in-patient beds almost completely occupied. As a result, ambulatory care settings gained importance. Post pandemic, the integration of healthcare IT solutions with ambulatory patient grouping softwares allowed physicians to gain a better perspective of their patients’ health, leading to more accurate diagnoses. Emergence of new softwares post pandemic such as cloud/web-based solutions are gaining popularity worldwide as they enable ambulatory centers to exchange and integrate data from multiple locations or systems in realtime.
Global Enhanced Ambulatory Patient Grouping Software Market Scope
The global enhanced ambulatory patient grouping software market is segmented on the basis of delivery mode, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Delivery Mode
- On-Premises
- Cloud-Based
Application
- Setting Appropriate Incentives
- Predicting and Verifying Expected Payment
- Public Reporting
- Quality Comparisons
- Clinical Insight
- Financial Analysis
- Defining Episodes
End User
- Payers
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Physician Clinics
- Government Agencies and Researchers
- Billing Services
- Business Partner
- Others
Enhanced Ambulatory Patient Grouping Software MarketRegional Analysis/Insights
The enhanced ambulatory patient grouping software market is analyzed and market size insights and trends are provided by delivery mode, application and end-user as referenced above.
The major countries covered in the enhanced ambulatory patient grouping software market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates much of the enhanced ambulatory patient grouping software market. Factors that make up the dominant part of North America the emerging need to reduce healthcare costs and the presence of significant market players.
Meanwhile, the Asia-Pacific region is considered to have the most lucrative growth in the global enhanced ambulatory patient grouping software market due to the increasing patient population in this region, rising government initiatives to improve the patient safety & patient outcomes in healthcare and rapid return on investment (ROI).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Enhanced Ambulatory Patient Grouping Software Market Share Analysis
The enhanced ambulatory patient grouping software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to enhanced ambulatory patient grouping software market.
Key players operating in the global enhanced ambulatory patient grouping software market include:
- 3M (US)
- athenahealth (US)
- AdvancedMD, Inc. (US)
- Kareo, Inc (US)
- Bizmatics, Inc. (US)
- DrChrono Inc. (US)
- Compulink Advantage (US)
- NXGN Management, LLC (US)
- RXNT (US)
- WebPT (US)
- Valant Inc.(US)
- Medsphere Systems Corporation. (UK)
- Modernizing Medicine (US)
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