Market Highlights: Usage management software provides hospitals and health care practitioners with a process for evaluating health services and practices provided to patients to determine their medical needs. Healthcare administrators rely on usage management processes to ensure their physicians maintain high-quality care and deliver effective treatments while minimizing costs. The review and determination of the user management can be planned and carried out before (prospective usage check), during (simultaneous usage check), or after (retrospective usage check) patient treatment. The software supports actions in one of these three phases. In addition, usage management software has the potential to improve the working relationship between providers and payers. Leveraging patient data contained in EHRs, healthcare providers can apply real-time data to the review process, comply with regulations, and streamline sales cycle management. Registered nurses who are certified in usage management, case managers, and doctors are the main actors during the review process. The market study is being classified by Type (Cloud-based and Web-based), by Application (Hospitals and Health Systems) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Utilization Management Software are ARxIUM (Canada), TreeAge Software LLC (United States), Strata (United States), BedTracking (United States), BedWatch (United States), TCS Healthcare Technologies (United States), Allscripts (United States), Change Healthcare (United States), AdvoCare (United States), CaseTrakker Software (United States), Conduent Care Management (United States), eQcare (Canada) and Medical Tracking Solutions, Inc. (United States).
Key Questions Answered in the Report What will the Utilization Management Software Market size and the growth rate be in Future? What are the key factors driving the Utilization Management Software Market? What are the key market trends and macro-economic impacting the growth of the Utilization Management Software Market? What are the challenges to market growth? Who are the key vendors in the Utilization Management Software Market? What are the market opportunities and threats faced by the vendors in the Utilization Management Software Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Utilization Management Software Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Utilization Management Software market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Utilization Management Software market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Utilization Management Software, End-Users, Potential Investors, Market Research Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.