The global 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,
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- 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.
Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Services
o By Disease Type
o By End-Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape-includes as Genesis HealthCare LLC, ACT Health Solutions, and PharMerica, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Transitional Care Management (TCM) Services Market Report Segment
By Services
- 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-Users
- Hospitals and Healthcare Systems
- Physician Practices
- Home Health Agencies
- Accountable Care Organizations (ACOs) and Managed Care Organizations (MCOs)
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Transitional Care Management (TCM) Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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)
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