The establishment and execution of a care system, the coordination of medical services, the provision of individualised health services, the observation of individual progress, and the promotion of affordable care are all elements of Medical Case Management Services. Services for medical case management help to arrange medical treatment for scheduled procedures. The services put a strong emphasis on applying best practise guidelines and evidence-based medicine to guarantee a successful patient outcome. Services for medical case management aid in lowering billing errors and speeding up provider payments.
Medical Case Management Services is a comprehensive process that involves evaluating, suggesting, planning, coordinating, and putting into practise various medical services through case managers or patient advocates in order to ensure the best possible treatment and rehabilitation as well as quality and cost-effective outcomes. In hospitals and home care settings, medical case management services are provided through web-based, telephonic, and person-to-person means. These services cover a variety of cases, including catastrophic, temporary disability, and independent medical assessment.
Furthermore, Medical Case Management Services serve as advocates for patients, empowering them to make informed decisions about their healthcare. They educate patients about their medical conditions, treatment options, and resources available to them, ensuring they have a clear understanding of their healthcare journey.
Additionally, Medical Case Management Services contribute to cost containment by eliminating unnecessary or duplicate medical services. Through their oversight and coordination, case managers can prevent readmissions, minimize hospital stays, and facilitate access to appropriate community resources, ultimately reducing healthcare expenses.
Medical case management services encompass several key components that collectively ensure the effective coordination and management of patient care.
Assessment and Care Planning: Case managers conduct comprehensive assessments of patients' medical needs, social circumstances, and support systems. Based on this evaluation, they develop individualized care plans that align with patients' goals, preferences, and available resources.
According to Research Report Insights (RRI) report, the global market for medical case management services is expected to expand at 3% CAGR over the forecast period (2015 - 2021).
Medical case management services provide cost effective healthcare management solutions. Such services provide offer alternatives treatment modules for patients to choose the most suitable and affordable medical plan offered by healthcare providers and also makes sure that patients are given proper and timely medical care at a particular healthcare center. In 2014, the global market for medical case management service was valued at US$ 4,200 Million. The market is anticipated to witness a 3% CAGR during the forecast period. Factors such as rising healthcare expenditure in both public and private organization, higher occurrence of various disease and increasing global population are expected to influence the demand for medical case management services. In addition, increasing disorders of longevity is boosting the demand for advanced medical services and products.
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On the basis of services, the global market for medical case management services is segmented into telephonic case management service, web-based case management service, bilingual field case management service, field case management service and other healthcare services. The telephone case management service management is the largest segment, closely followed by based case management services. However, the demand bilingual field case management service is expected to grow in the near future owing to the recent growing culture of medical tourism across the globe.
Based on severity of the case, the global market for medical case management services is segmented into chronic pain case management, catastrophic case management, short-term disability, independent medical examinations, and long-term disability. The long-term disability is anticipated to the largest segment of the overall medical case management services market during the forecast period. The independent medical case management segment is projected to witness healthy CAGR during the forecast period.
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By region, the global market for medical case management services is segmented into North America, Asia Pacific, Latin America, Europe and the Middle East & Africa (MEA). North America is foreseen to be the largest market through 2021. The market in the region is driven by the increasing, technological advancements, higher healthcare expenditure, and increasing occurrence of chronic diseases. In 2015, the market in the region was valued at US$ 3,021.6 Million and expected to surpass US$ 3,586 Million by the end of 2021, witnessing a CAGR of over 2% during the forecast period. In developing countries, the demand for medical case management services is primarily driven by rising per capita income. In addition, Europe is another region expected to reflect significant business potentials for key players in the global market for medical case management services providers.
Key players operating in the global market for medical case management services include Precyse Solutions LLC., GENEX Services Inc., Europ Assistance - Global Corporate Solutions, EK Health Services Inc., Medical Case Management Group, Managed Medical Review Organization Inc., Healthcare Solutions Inc., EagleOne Case Management Solutions, Inc, and Axiom Medical Consulting, LLC,. Companies operating in the market are actively focusing on launching advanced modules of services to cater the patient requirements and needs. Medical case managers are adopting latest technologies such as predictive modeling tools, electronic health records, communication tools, and Internet-based education in order to get better access to patient’s clinical history. Thus allowing more accurate and faster diagnosis. Likewise, the clients also get better accessibility to their individual information, which helps them explain the current health condition.
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A recent report published by Fact.MR projects the revenues from global medical case management service market to reach US$ 4,138 Mn in 2017.
The market is further anticipated to register a moderate expansion at 3.4% CAGR during the forecast period.
The business report highlights the drivers, restraints, opportunities and trends affecting medical case management service market growth.
Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.Each segment of the medical case management service market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)APEJ (China, India)MEA and JapanaOffering highly personalized and patient-specific services, industry operators have been coordinating and planning healthcare services, which are required for assisting patients with medical rehabilitation.
Owing to advantages of the medical case management services in avoiding expensive services, and neglecting services which are medically unnecessary, demand for these services has been witnessing a rise across the globe.
The role of medical case management services has been expanding, focusing on medical costs, taking help from nurse case managers, and tapping into patient-centered medical homes as well as accountable care organisations.The medical case management service market report addresses the below-mentioned queries:Why are vendors shifting away from traditional methods of manufacturing medical case management service?How does the global medical case management service market looks like in the next five years?Which end use industry is expected to surpass segment by the end of 2022?What innovative products are being introduced by the players in the global medical case management service market?You can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=74Over the past few years, the global medical case management services market has been benefitting from improving corporate profits, and increasing employment rate, resulting into the rise in number of compensation claims by workers.
