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Growing geriatric population base coupled with rise in chronic diseases will aid in market progress. PHM solutions help identify and manage risk factors associated with aging, such as chronic conditions and lifestyle-related diseases. By using data analytics and risk stratification techniques, healthcare providers can identify high-risk individuals and implement preventive measures to reduce the likelihood of disease occurrence or progression. Population health management solutions also provide tools and strategies to identify individuals at risk for chronic diseases, implement preventive measures, and manage their conditions more effectively, reducing the burden on healthcare systems.
The solutions enable coordinated care among various healthcare providers, including primary care physicians, specialists, and caregivers. Therefore, by integrating and analysing health data from different sources, these solutions can help optimize treatment plans, ensure medication adherence, and reduce hospital readmissions. Hence, increasing chronic diseases will increase the adoption of PHM solutions.