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Global Patient Engagement Solutions Market to Generates Sales Valuation of $19.7 Billion by 2028 | Analysis of Trends, Technology, and Opportunities

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Westford, USA, Nov. 09, 2022 (GLOBE NEWSWIRE) — There is a growing demand for patient engagement solutions market that can help healthcare organizations improve care coordination, communication, and patient outcomes. These solutions can help patients manage their health conditions more effectively, connect with their care team members, and make informed decisions about their treatment options. There are many different types of patient engagement solutions available, and healthcare organizations are increasingly turning to these solutions to improve the quality of care they provide. Some of the most popular solutions include electronic health records (EHRs), patient portals, mobile apps, and wearables.

EHRs are becoming increasingly common in the global patient engagement solutions market as they offer a way to electronically store and share patient data. Patient portals are another popular solution that allows patients to securely access their medical records and communicate with their care team. Mobile apps and wearables are also gaining popularity as they offer patients the ability to track their health data and receive real-time alerts if there are any changes in their condition.

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Wearables in particular have the potential to revolutionize how patients manage their health in the global patient engagement solutions market. These devices can continuously monitor a patient’s vital signs and send alerts to their doctor if there are any changes. This type of technology can help catch problems early and prevent serious complications from developing. Overall, there is a growing demand for patient engagement solutions that can help improve care coordination, communication, and outcomes. Healthcare organizations are increasingly turning to these solutions to provide better care for their patients.

Healthcare Establishments are Looking for Ways to Innovative Ways to Engage Their Patients

In the ever-changing healthcare landscape, organizations are looking for new and innovative ways to engage patients in their care. SkyQuest’s new survey of Patient Engagement Solutions market provides insights into the technology solutions that are being used by healthcare organizations to improve patient engagement.

The survey results show that a majority of healthcare organizations are using or plan to use technology solutions to improve patient engagement. The most popular solutions include online portals, patient portals, and mobile apps. Other popular solutions include text messaging, social media, and email.

When asked about the biggest challenges with patient engagement, healthcare organizations cited a lack of time and resources, along with a lack of understanding of how to best use technology to engage patients.

However, despite these challenges, there is a strong belief that patient engagement is critical to the success of any healthcare organization. Our survey provides valuable insights into the current state of patient engagement solutions market and the role that technology plays in improving patient engagement.

Portals are the Most Popular in Global Patient Engagement Solution Market  

In order to better engage patients, SkyQuest looked at four different types of patient engagement solutions: portals, mHealth apps, wearables, and EHRs. Of these, portals had the greatest impact on patient engagement, followed by mHealth apps.

Portals provide patients in the global patient engagement solutions market with online access to their health information and allow them to communicate with their providers, which is one of the key factors making them the most popular choice among consumers. They can also be used to schedule appointments and refill prescriptions, which proves to add on to the product popularity.

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There are many reasons why online portals are the most popular patient engagement solutions. They offer a convenient way for patients to access their health information and connect with their care team. Online portals also provide a way for patients to stay informed about their health and manage their care on their own terms.

Our study on the global patient engagement solutions market found that patients who use online portals have better health outcomes than those who don’t. Studies have shown that patients who use online portals are more likely to adhere to their medication regimens, make healthy lifestyle changes, and follow up with their care providers.

Online portals offer a number of advantages for both patients and care providers. Patients can use online portals to:

  • Access their medical records
  • Schedule appointments
  • Request prescription renewals
  • Message their care team
  • View test results and lab reports
  • Pay bills

Meanwhile, care providers are also using the online portals to Improve communication with patients Track patient engagement and health outcomes Reduce no-show rates Cut down on administrative tasks. Overall, online portals offer a convenient, efficient way for patients to engage with their health and receive the best possible care.

Top 6 Trends in Global Patient Engagement Solutions Market

As the health care landscape continues to evolve, so too do the tools and technologies that providers use to engage with patients. Here are some of the top trends in patient engagement solutions market:

1. Patient-centered medical homes: Patient-centered medical homes (PCMHs) are a model of care that puts the patient at the center of their care team. This approach can improve communication between patients and providers, and lead to better overall health outcomes.

2. Accountable care organizations: Accountable care organizations (ACOs) are a type of managed care organization that focuses on quality and cost-effective care in the patient engagement solutions market. ACOs typically involve a group of providers working together to coordinate care for a group of patients. This coordinated approach can improve communication between providers and patients, leading to better health outcomes.

3. Wearable Devices: Wearable fitness tracker devices such as Fitbit and Apple Watch are becoming more popular as they offer patients a way to monitor their health data conveniently. These devices can track steps taken, heart rate, and sleep quality, among other metrics, which can be helpful for people with chronic conditions such as diabetes or heart disease.

4. Telemedicine: Telemedicine is another growing trend in patient engagement as it allows patients to consult with their doctors remotely via telephone or video conferencing. This can be a particularly useful solution for those who live in rural areas or have difficulty accessing medical care.

5. Social Media: Social media platforms such as Facebook and Twitter are being used more frequently by in patient engagement solutions market to engage with patients. These platforms can be used to provide educational content, share news and updates, answer questions, and solicit feedback from patients.

6. Leveraging New Technologies: There are constantly new technologies emerging  in the global patient engagement solutions market that can be leveraged to improve patient engagement. Some of the latest and most popular include cloud computing, big data, artificial intelligence (AI), and virtual reality (VR). By leveraging these technologies, healthcare organizations can provide more personalized and interactive experiences for their patients.

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Major Players in Global Patient Engagement Solutions Market

  • IBM (US)
  • McKesson Corporation (US)
  • Allscripts (US)
  • Cerner Corporation (US)
  • Epic Systems Corporation (US)
  • Orion Health (New Zealand)
  • GetWellNetwork (US)
  • Athenahealth (US)
  • Oneview Healthcare (Ireland)
  • MEDITECH (US)
  • Cognizant (US)
  • Symphony Care (US)
  • Harris Healthcare (US)
  • Kareo (US)
  • CureMD Healthcare (US)
  • eClinicalWorks (US)
  • Lincor Solutions (US)
  • AdvancedMD (US)
  • WellStack(US)
  • IQVIA (US)
  • Vivify Health (US)

Related Reports in SkyQuest’s Library:

Global Blood Glucose Monitoring Devices Market

Global Diagnostic Electrocardiograph Market

Global C-reactive Protein Testing Market

Global Chromatography Consumables Market

Global Oncology Ablation Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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1 Apache Way, Westford, Massachusetts 01886

Phone:

USA (+1) 617-230-0741

Email: [email protected]

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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

oToBrite Unveils Automotive-Grade 5MP/8MP Camera Modules to Meet Soaring Demand for High-Level ADAS/Autonomous Driving

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HSINCHU, Sept. 28, 2023 /PRNewswire/ — oToBrite, a prominent provider of Vision-AI ADAS/AD solutions, has unveiled its latest offering in response to the surging demand for high-level Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) applications. With the need for enhanced perception technology, particularly for heavy commercial vehicles, as the heavier the vehicle is, the longer it will take to stop, oToBrite has successfully introduced automotive-grade 5MP/8MP camera modules. These cutting-edge modules can improve the visibility and perception capabilities of ADAS/AD systems, and have been adopted among clients in North America.

oToBrite has been a leading tier-1 player for vision-AI ADAS/AD solution in the automotive industry, leveraging its full-stack capabilities spanning camera module production technology, edge-computing system design, and vision-AI model development. The company offers flexible business model and comprehensive vision-AI technology stack, enabling it to provide system solutions, camera modules, or AI IP licensing to cater to diverse customer requirements. Its automotive-grade camera modules have already garnered the trust of prominent clients and entered the supply chain of car OEMs such as Luxgen, SONY, Toyota, XPENG, etc. with over 1 million automotive-grade camera modules deployed. To learn more about oToBrite’s offerings, please visit https://www.otobrite.com/en.
The newly launched 5MP/8MP camera modules from oToBrite feature high-sensitivity CMOS sensors. oToBrite’s 5MP camera module series is equipped with Sony IMX490 Sensor and has multiple viewing angles, including 30°, 60°, 90°, and 120°. The 8MP camera module series employs Sony IMX728 sensors and also offers various viewing angles. Both 5MP and 8MP series are equipped with GMSL2 interfaces and tested with waterproof and dustproof standards of IP67/69K. They can operate within a temperature range of -40°C to +85°C, ensuring the utmost reliability and stability for customers.
oToBrite holds a distinct advantage in camera production technology, with 1K class clean room factory certified with IATF16949 and endorsed by several leading car OEMs. Additionally, the in-house developed 5/6-axis active alignment machine for high-end camera modules exhibits the capability to manufacture over 60 SKU variants of camera modules.
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949 certified clean room factory and several years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithm, ECU/domain controller and automotive-grade/special purpose camera products.
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CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities

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Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.
LONDON, Sept. 28, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries. In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.  

The survey points to specific executives as drivers or enablers to successfully make the shift and align the organization behind it. The survey highlights the CFO (21%) behind the CEO (35%) as the guardian of business resilience, financial health and as the purse string holder for technology investments. CFOs recognize that the move to servitization is essential in providing predictability in revenues, expenditure and third-party costs, and are aligning themselves to becoming stewards of identifying cross-business strategies that will build competitive advantage. 
At the heart of the business case for servitization, the CFO is focused on three elements: Faster and more cost-efficient time to market, visibility and predictability into revenues and CAPEX, accelerating organization alignment across people, processes and technology, to support not only the processes but also to provide the insights required to assess and optimize as they go within their business and intra-company.  
CFOs exhibit the greatest urgency in implementing a servitized model out of all C-level respondents (CIOs, CHROs and CTOs), with (32%) prioritizing adoption within the next 18 months. This implies change is not only necessary but will deliver business benefits, with progress and success measured by a fully servitized P&L. CFOs are also most likely (26%) to say their role is the one driving the shift within the organization, as they understand how technology capabilities will reach deep into their organization and enable it to become more technology-driven with regards to the design and delivery of products and services: Product R&D (34%) and service R&D (32%) are two areas CFOs prioritized when looking at servitized business processes.  
The priority outcome CFOs want to achieve from servitization is enhancing insight-driven decision-making capabilities (32%) – pointing to why AI is their #1 essential technology choice (49%) as it will fuel faster, more accurate and more data-led inputs into the strategic choices that impact the bottom line.   
Technology as a revenue growth enhancer makes wise fiscal sense. For example, EAM is a must-have for servitization success (34%)– assets that are predictively maintained will last longer, have less downtime and result in less expenditure. FSM (40%) maximizes profitable revenue streams and enables significant cost savings across the service lifecycle through optimized workforce scheduling and planning. Similarly, the wealth of connected asset data that can be harnessed through the application of automation, ML, IoT, end-to-end connectivity – all CFO “must-implements” – explain why CFOs have emerged as such strong proponents of technology and servitization.   
The CFO’s confidence about the organizational readiness is high at (42%) indicating they have the processes mapped out and are progressing well in their move to servitization, but still have either organizational impacts on people and processes (23%) or technology needs to overcome, making the CHRO the second most significant executive to drive and enable the transformation. 
CHROs are more cautious about servitization readiness within the organization, being acutely aware that shifting from a product-focused to a service-focused mindset within their organizations is a barrier to implementing servitization (42%). However, CHROs are in alignment with the CFO on customer expectations for servitization, which are high now, and are set to increase. They also agree that technology is essential to success, with AI their top pick (50%).  
Alex Rumble, SVP of Corporate Communications, Product Marketing, AR, & CI at IFS, commented: “The CFO’s remit has evolved hugely in the last decade away from financial reporting to understanding and influencing business-wide strategies and aiding transformation.” Rumble added, “Our research illustrates this very well and that CFOs not only understand the positive impact of aligning a business behind the customer’s expectations, but also the much broader business value of doing so.” She concluded: “Today CFOs are visionary advocates of change and digital transformation and will help build predictability in revenue and costs, ultimately the holy grail for CFOs but still technology dependent.” 
Together, CFOs and CHROs can partner to be a powerful force to not only accelerate servitization, but also ensure that the whole organization is primed for success. CHROs must act as a secondary catalyst to mobilize cultural change, acting as a bridge between the business and ensuring the communication and implementation of the overall strategy is not siloed to the C-level. 
About IFS 
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our thousands of customers. Learn more about how our enterprise software solutions can help your business today at ifs.com. 
CONTACT: IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +1 520 396 2155
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CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities
 

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Breaking language barriers: thebigword’s AI workflows enhance translation delivery on time to 99% while significantly reducing turnaround times

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LEEDS, England, Sept. 27, 2023 /PRNewswire/ — thebigword, a leading provider of language solutions, is proud to announce an improvement in its on-time delivery performance and significant reduction of turnaround times. This has been made possible through a strategic fusion of human expertise and state-of-the-art AI and Machine Translation technologies.

 
This exciting achievement reaffirms the company’s commitment to delivering accurate and timely translations to clients worldwide, setting new industry standards.
With the ever-growing demand for rapid and high-quality translations, thebigword has taken numerous steps, including the ability to create and implement self-driving AI workflows, to ensure their clients are receiving the highest quality of translation and customer service.
Through the enhanced integration of AI and Machine Translation solutions into its translation workflows, thebigword has achieved remarkable outcomes, such as the significant reduction in turnaround times and this notable increase in on-time deliveries. With 99% of translation projects across various languages and industries delivered on time to clients, with shorter turnaround times.
thebigword’s collaborative approach leverages the strengths of their human translators with the power of AI technologies to allow for faster translation turnaround times, while maintaining the highest levels of accuracy. Their technology platform also enables quick resource allocation, ensuring that translation projects are assigned, executed and delivered quickly to reduce delivery times.
Joshua Gould, Chief Executive Officer of thebigword Group said: “thebigword is delivering a very human service with the utilisation of next-generation AI. These innovations represent an ongoing effort to enhance the overall client experience through our ability to deliver accurate, high-speed translations at an affordable price for any budget.”
Mark Daley, Global Managing Director of thebigword Translation said: “thebigword understands how crucial timely delivery of accurate translations are for the global success of our clients, and some of the latest technological integrations we have enabled have allowed us to achieve an impressive 99% as well as faster turnaround times.”
As thebigword celebrates this achievement, it looks forward to building on its success with other translation milestones and continuing to provide high-quality translation services – further enabling its mission of eradicating the final barrier of global communication.
About thebigword:
As one of the largest language service providers globally, thebigword utilises the greatest minds and boundary-shattering technology to deliver phenomenal quality at scale to both our clients and linguist network.
thebigword provides the best translation, interpretation, localisation and language technology solutions for businesses, the public sector and individuals – handling up to 50,000 worldwide assignments every day.
For more information about thebigword’s innovative AI and Machine Translation solutions, please visit www.thebigword.com.
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For media enquiries, please contact:Lauren HockneyGlobal Head of [email protected]

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