The Accountable Care Solutions Market To Grow Rapidly Driven By Increasing Healthcare Costs
The accountable care solutions market provides hospitals, physicians, and health plans accountable cost-effective, coordinated, and patient-centric care through population health management, payment models, and care delivery model reforms. These solutions enable greater collaboration between providers to deliver value-based care.
The global accountable care solutions market is estimated to be valued at US$ 42.54 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2031.
Accountable care solutions help manage patient populations, coordinate care, and empower patients. It offers data analytics, patient engagement, and payment models to streamline care processes, reduce medical errors, control costs, and improve quality and health outcomes. Accountable Care Solutions Market is gaining traction as a cost-efficient alternative to the traditional fee-for-service model as it shifts reimbursement from volume to value. Surging healthcare costs necessitate optimizing resources to cater to the growing burden of chronic diseases. This rising healthcare expenditure drives demand for accountable care solutions that can enhance access while lowering utilization and spending through efficient care management.
Countries like China, India and Japan are reforming their healthcare systems to provide universal coverage to citizens. This involves transition from traditional fee-for-service payment models to integrated care models like accountable care. Private health insurers and physicians groups in Asia are actively collaborating to manage chronic illnesses and high-risk populations through value-based arrangements. Furthermore, growing geriatric population, increasing prevalence of lifestyle diseases and healthcare IT adoption are boosting the accountable care solutions demand in Asia Pacific. The untapped market potential and ongoing healthcare reforms make Asia Pacific an attractive investment ground for global market players.
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