Transitional Care Management (TCM) Services Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Transitional care management (TCM) services market is anticipated to grow at a CAGR of 17.4% during the forecast period. The adoption of TCM services has been driven by the rising number of market players and the growing demand to improve patient care. TCM services focus on coordinated care, patient engagement, and better management of chronic conditions. These services are playing a vital role in transforming the healthcare landscape and ensuring better outcomes for patients. Thus, the market players such as Genesis Healthcare, PharMerica, and Elara Caring, among others are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product or service launches to stay competitive in the market. For instance,

·        In February 2023, Genesis Healthcare acquired 38 former ProMedica facilities, which include skilled nursing facilities and assisted living facilities. The acquisition is part of Genesis Healthcare's growth strategy to improve its financial position and provide better care to its patients. The acquisition brings Genesis Healthcare back into the good graces of Welltower, which already owns most of the facilities. The acquisition is expected to help Genesis Healthcare improve its financial performance and provide better care to its patients. The acquisition is part of Genesis Healthcare's strategy to grow its business and improve its financial position.

·        In December 2022, Elara Caring partnered with ServiceNow to enhance clinical and operational workflows through automated solutions, benefiting caregivers and improving patient/client outcomes. By providing cutting-edge, cloud-based, and mobile-enabled tools, Elara Caring empowers caregivers with features like mobile scheduling and care management. The collaboration highlights Elara Caring's dedication to leveraging technology and mission-driven innovation to deliver exceptional experiences. With a focus on delivering services at home, this partnership aims to create a more human healthcare experience by streamlining processes and fostering collaboration among teams, shaping the future of patient care.

·        In May 2022, PharMerica launched its Continue Care program to address gaps in care during residents' transitions from skilled nursing facilities to home. Continue Care combines PharMerica’s leading pharmacy services with home-based primary care and nurse hub outreach services offered through BrightSpring Health Services.PharMerica mentioned that home-based primary care has resulted in a 20.0% reduction in emergency room visits and a 50.0% reduction in hospital readmissions.

To Request a Sample of our Report on Transitional Care Management (TCM) Services Market:  https://www.omrglobal.com/request-sample/tcm-services-market

Market Coverage

•             The market number available for – 2023-2030

•             Base year- 2022

•             Forecast period- 2023-2030

Segment Covered- 

·        By Services

·        By Disease Type

·        By End-Users

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape-includes as Genesis HealthCare LLC, ACT Health Solutions, and PharMerica, among others

Transitional Care Management Services Market Segmentation

By Service

·        Patient TCM Services

·        Healthcare TCM Services

·        Billing TCM Services

·        Documenting TCM Services

 By Disease Type 

·        Chronic Diseases

·        Cardiovascular Diseases

·        Orthopedic Conditions

·        Oncology

·        Pediatric Conditions

·        Others (Chronic Obstructive Pulmonary Disorders (COPD), Geriatric Care)

By End-User

·        Hospitals and Healthcare Systems

·        Physician Practices

·        Home Health Agencies

·        Accountable Care Organizations (ACOs) and Managed Care Organizations (MCOs)

A full Report of Transitional Care Management (TCM) Services Market is Available @  https://www.omrglobal.com/industry-reports/tcm-services-market

Regional Analysis                                                                                                                                                                            

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·        Amedisys, Inc.

·        BridgePoint Healthcare

·        CareVitality

·        Caring Transitions

·        Charter Health Care Group

·        Compassionate Transitions Partners

·        Continuity Health Solutions, LLC

·        Encompass Health Corp.

·        Fi-Med Management, Inc. (Well Living Initiative (WLI))

·        Home Health Services Ltd.

·        Humworld Inc.

·        Medsien, INC.

·        MRG Health (Medical Resource Group)

·        NextGen Healthcare, Inc.

·        ProHealth Select, Inc.

·        Rijuven Corp.

·        Transitions Healthcare, LLC

·        US Acute Care Solution, LLC

·        WellSky Corp.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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