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Population Health Management (PHM) will become an almost universally accepted method for healthcare delivery and management in the United States by the end of this decade, according to a new IBM study. PHM is becoming increasingly important for both payers and providers, as new payment models are applied that put outcomes and value of care ahead of quantity.
Even as PHM develops and matures, it is already beginning a transformation – one that shifts focus to earlier-at-risk populations to keep them healthier longer, while also exploring more efficient ways of managing the chronically ill. From an analysis of the projected state of healthcare by 2020, we believe that PHM will converge with Precision Medicine, which incorporates genomic data to personalize optimal treatments for individual patients, to create an entirely new paradigm in healthcare services.
We invite you to review this first in a series of reports from the IBM Institute for Business Value on the future of healthcare which focuses on the current and projected state of PHM and foreshadows the evolution to a new model we call Precision Health and Wellness.
