Market Research Report
Global Accountable Care Solutions Market - Segmented by Product & Service, Deployment, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||708584|
|Published||Content info||114 Pages
Delivery time: 2-3 business days
|Global Accountable Care Solutions Market - Segmented by Product & Service, Deployment, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|Published: September 1, 2018||Content info: 114 Pages||
The global Accountable Care Solutions market is expected to register a CAGR of 16% during the forecast period, 2018 to 2023. The changing government regulations, supportive IT infrastructure are expected to support the growth of the market.
Patient-centered care ensure that the patients are part of decision-making along with other stakeholders involved in care. Technologies are built for transfer of personalized data and interactions prompted by the patient and managed by both the patient and provider. The government makes payments to healthcare providers is based on the healthcare outcome to improve quality, reduce costs and safety.
The advanced technology and infrastructure support built around the healthcare for seamless transfer of data is helpful in taking quick decision making and reduce the costs. The Patient-Centric Care will allow the identify the underlying driving costs of each of the allocated resources
The other factors such as rising need to curtail escalating healthcare costs, advancing IT and big data capabilities, and increasing number of accountable care organizations are driving the Accountable Care Solutions Market.
Accountable care is a coordinated care provided to patients while avoiding duplication of services. An integrated coordination of the all the stakeholders involved in delivering the care is necessary. It involves healthcare service providers: electronic medical records (EMRs), analytics, IT services, payment services, claims management, Support and Maintenance Services etc.
In recent times electronic medical records (EMRs) adoption is a major transformation in healthcare. All the infrastructure and support services has a key role to play in maintenance and security of the patient data. Yet healthcare records are among the most prone to theft as the worth of medical information is more than the credit card data. The growing cyber-attacks in healthcare are due to not complying with HIPPA privacy rule and improper data encryption to safeguard the data.
The Ponemon Institute that conducts independent research on privacy, data protection and information security policy states that the healthcare data breach cost USD 6.2 billion per year. Almost 90% of healthcare organizations are prone to data theft.
With growing concern over risk of unauthorized use or access to healthcare databases the healthcare consulting companies are under pressure as they have to create enough confidence to prospective healthcare providers. The above is a major factor that has restrained the growth of the Accountable Care Solutions Market.
High investments required for supporting infrastructure is another factor that is responsible to hinder the market growth.
The US Accountable Care Solutions Market holds the largest market share in 2017 in North America region due to the changing healthcare regulations.
The accountable care organizations (ACOs) were set up in an attempt to improve care and reduce growing costs. In United States the government wants all the hospitals to adopt accountable care model which helps aligning all the physicians across care settings. With this model care can be provided in a cost efficient manner and improve population health. With healthcare spending and governments burden to provide services through Medicare and Medicaid Services (CMS) the government want to reduce the cost structure.
With a push toward value based care by government, and its initiatives for adoption by all healthcare providers, the market for Accountable Care Solutions may see a significant growth.
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
List Not Exhaustive