Patient Engagement Technology an Innovative Tool for Healthcare Industry, End User Market Trends and Analysis
Patient engagement technology
is increasingly being adopted by healthcare providers, payers, and
patients across the globe, particularly in the U.S. This report provides
qualitative assessment of the patient engagement technologies in terms
of pricing, vendor replacement trends, and selection criteria of
adopting patient engagement technologies from provider perspective.
The market is expected to grow rapidly as the
healthcare industry witnesses a shift to a value-based reimbursement
system from the traditional volume-based fee for reimbursement system.
Adoption of patient engagement technology enables the healthcare
industry to reduce costs while improving the quality of healthcare. The
technology also provides positive returns on investment. Furthermore,
legislative reforms of the Affordable Care Act (ACA) in the U.S.,
government incentives, and rising aging population has stimulated the
adoption of patient engagement technologies in the healthcare industry.
However, in spite of numerous benefits, certain barriers such as huge
investments requirement, fragmented end-user market, and security of
patient data are restraining the growth of this market.
The pricing of patient engagement technology depends
on number of parameters that determine the cost of patient engagement
technologies. These factors are categorized into “Up-front Cost” and
“On-going Costs”. The report provides a generalized trend of pricing of
patient engagement technologies.
Mobile health technologies have also emerged as potentially powerful
tools to engage patients in health care. Mobile health technology can
strengthen care delivery process by improving providers’ capacity to
reach vulnerable populations and actively engage them in their care.
Most of the healthcare organizations are providing mobile health
technology to their patient.
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