Patient engagement solutions market to be valued at $13.7B by 2019

 
The patient engagement solutions market is projected to be valued at $13.7 billion by 2019, growing at a compound annual growth rate of 20 percent, according to a MarketsandMarkets report.

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The market is currently valued at $5.5 billion.

The use of patient engagement solutions has largely increased as providers seek to reduce cost while improving care quality, according to the report. Legislative initiatives such as the Patient Protection and Affordable Care Act are also contributing to this market growth.

Barriers to the patient engagement solutions market growth include large investments and patient data security, according to the report.

North America holds the largest share of the market. The report outlines prominent players in the North America market, including McKesson, Medecision, Allscripts, Phytel, Cerner, Aetna and athenahealth.

More articles on patient engagement:

UPMC’s patient portal advice: Go slow, keep it simple 
When IT and reimbursement intersect: The renewed focus on care transition technologies 
MU patient engagement, TOC requirements continue to frustrate providers 

 

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