The Rise of Chronic Care Management Services and Solutions

Chronic Care Management Services are leading the way in changing how healthcare systems treat patients with long-term illnesses. As healthcare models change from episodic, acute care to ongoing, proactive management, the need for good Chronic Care Management Solutions has never been higher.


The Rise of Software for Chronic Care Management


The market for Chronic Care Management Software around the world is growing very quickly. Different sources give different estimates, but one says the industry will grow from about $5.6 billion in 2024 to about $15.2 billion by 2033, with a compound annual growth rate (CAGR) of 11.7%. Some estimates say the market will grow at a rate of 12.5% per year, starting at USD 2.5 billion in 2024 and reaching USD 6.8 billion by 2033. According to another source, the value will be $5.2 billion in 2023 and $14.1 billion in 2033, with a CAGR of 10.4% (DataHorizzon Research). These different numbers all point to one clear fact: the demand for CCM software is growing quickly.


Rise of Chronic Care Management Services and Solutions


Market Outlook: More Care Management Solutions Available


When we look at Care Management Solutions as a whole, which includes but isn't limited to CCM, the market size is even more impressive. According to Grand View Research, the global care management solutions market was worth $12.96 billion in 2023 and is expected to grow at a rate of 14.6% per year to reach $33.26 billion by 2030. Software is responsible for a lot of this growth, making up about 57.7% of the total in 2023. Web-based delivery was the most popular, with a 39% share. That year, North America made up 51% of the market on its own (Grand View Research).


Effects on patient outcomes and healthcare costs


The true worth of a Chronic Care Management Program is in its measurable results. CMS data shows that CCM services could cut U.S. healthcare costs by up to $300 billion a year. On average, each patient could save USD 1,560 a year through these programs. According to research, patients who are in CCM programs are 8.3% more likely to take their medications as prescribed. Also, remote patient monitoring, which is often a part of CCM, can cut hospital readmissions by up to 50% and death rates by 20% to 60% in people with chronic diseases.


Despite this, there are still gaps. As of 2021, only some eligible Medicare patients use CCM services because of problems with getting paid and coordinating care (Market.us Media). Still, more and more people are using it. By 2020, almost 92% of U.S. healthcare organizations said they had some kind of CCM program, and from 2015 to 2029, the number of users grew by an average of 15% each year.


What Are the Features of a Good CCM Platform?


A Chronic Care Management Platform needs to smoothly combine patient engagement, compliance, billing, and data monitoring. The HealthArc CCM Platform is one of the best solutions because it has a number of unique features:


Services that do everything: HealthArc's CCM software connects providers and patients, making it easier for them to get paid while cutting down on paperwork.


Integration and automation of EHR: It keeps track of clinical time without any problems, makes it easier to create care plans, works with remote patient monitoring (RPM) devices, and helps with HIPAA compliance.


Care Coordination Tools: The platform makes it easy to create care plan templates that can be changed, set goals, take into account social determinants of health (SDOH), keep track of medications, and talk to patients through audio, video, or SMS.


Device Integration: HealthArc's RPM component works with a single portal that connects more than 40 medical devices, including cellular, Bluetooth, and wearable sensors from brands like Roche, Abbott, Dexcom, Apple, and others.


In conclusion, what will happen to chronic care management services in the future?


As chronic diseases become more common, especially in older people, the need for good Chronic Care Management Solutions and Programs becomes even more important. These systems not only make patients' lives better and their health better, but they are also key to lowering healthcare costs and hospital stays.


HealthArc CCM and other platforms like it are the future. They provide integrated, automated, and efficient chronic care management that can grow, is compliant, and is made for the digital healthcare world of today.

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