Global Accountable Care Solutions Market: Overview
Accountable care, simply put, is a shift in the reimbursement from procedure-based, fee-for-service, which rewards quantity over quality, to fee-for-quality, disease or condition-based reimbursement with capitated payment to healthcare entities on a per-case and per-capita basis. The shift has been necessitated by the steep costs of treatments which often do not guarantee quality care. Accountable care solutions promote patient-centric, coordinated care, aiming to improve patient outcomes and bring down the total cost of care.
Global Accountable Care Solutions Market: Key Trends
The global accountable care solutions market is slated to grow at a good clip in the years to come because of the rising requirement to follow regulatory norms, supportive initiatives undertaken by the government for eHealth, robust return on investment (ROI), and pressing need to curb spiking healthcare costs. Countering the growth in the market is the dearth of in-house IT domain knowledge and hesitance among end users to take-up new methods.
Global Accountable Care Solutions Market: Market Potential
The healthcare provider solutions segment currently leads the global accountable care solutions market in terms of both products and service. This is mainly because of the growing adoption of electronic healthcare record systems, the thrust on better patient safety and patient care, stringent regulation pertaining to healthcare provider solutions, and the requirement for integrated healthcare systems. It includes electronic health/medical records, revenue cycle management, healthcare analytics, population health management solutions, patient engagement solutions, and care management solutions, among others.
The web and cloud based segment is another stellar performer in the accountable care solutions market, in terms of delivery mode. This is primarily because they enable quick access to computing and storage resources sans a litany of technical staff.
As government agencies, healthcare payers, and medical organizations try to bolster accountable care solutions, efforts should also be made to bring about substantial social service interventions. Social and community factors also help in achieving patient wellness but current accountable care solutions mostly focus on standard healthcare services. To draw more from accountable care organizations, stakeholders should partner with social services organizations and usher in financial reforms.
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Global Accountable Care Solutions Market: Regional Outlook
From a geographical standpoint, North America dominates the global accountable care solutions and is trailed by Europe and Asia-Pacific. Asia-Pacific and Latin America, however, present attractive growth opportunities in the near future. This is owing to the massive customer base in the regions because of a rapidly aging population, growing instances of different disorders, favorable government initiatives for eHealth, increasing medical tourism, and strong demand for quality healthcare in this region. The nations of China, India, Brazil, South Korea, Singapore, and Mexico are at the forefront of driving the accountable care solutions products and services in the regions.
Global Accountable Care Solutions Market: Competitive Analysis
Some of the prominent players in the global accountable care solutions market are Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, Mckesson Corporation, Verisk Health, Zeomega, Inc., eClinicalWorks, Inc., and NextGen Healthcare. Owing to the presence of a copious number of small and big firms, the market is fragmented in nature. This has also resulted in increased competition and thrust on developing new technologies and upgrading of existing products to improve their product portfolios among players.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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