Accountable Care Solutions Market set to Boost Growth with Advancements in Data Analytics
The Accountable Care Solutions market allows healthcare providers to deliver value-based and coordinated care through population health management, care management and integrated health networks. Accountable care organizations use accountable care solutions to improve patient outcomes and experience of care while also reducing unnecessary costs. These solutions offer capabilities for patient engagement and shared decision making, remote patient monitoring, quality reporting and analytics. The Accountable Care Solutions help providers transition to value-based models by enabling patient-centered care coordination, data integration and risk stratification.
The Global Accountable Care Solutions Market is estimated to be valued at US$ 21.50 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the 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., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc. The major players are focusing on partnerships, mergers, acquisitions and new product launches to gain significant market share and cater to the growing demand.
The rising prevalence of chronic diseases, growing geriatric population and increasing healthcare costs are fueling the demand for accountable care solutions across the globe. These solutions help reduce costs by improving clinical outcomes, lowering readmission rates and avoidable emergency visits. The ongoing transition from fee-for-service to value-based payment models is also driving many providers to adopt accountable care solutions.
Fastest Growing Region in Accountable Care Solutions Market
The Asia Pacific region is poised to witness the fastest growth in the accountable care solutions market during the forecast period. This growth can be attributed to rising healthcare expenditure, growing geriatric population, increasing prevalence of chronic diseases, and health system reforms focusing on quality and cost of care in various Asia Pacific countries. Furthermore, favorable government initiatives for public-private partnerships in healthcare delivery are boosting adoption of accountable care models. Significant investments by software providers in emerging Asia Pacific markets will further support the rapid expansion of the accountable care solutions market across the region.
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