Accountable Care Solutions Market Outlook 2019 with CAGR 16% Till 2023
“Global Accountable Care Solutions Market Research Report 2018-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Accountable Care Solutions is gaining traction in various end-user industries, and has caught the eye of various enterprises for better decision making. Some of the prominent trends that the market is witnessing include rising adoption of BI tools among SME, cloud adoption and IOT applications penetration and growing need for real time data analytics are some main reasons owing to Accountable Care Solutions market growth. However, growing government stringent regulations related to data security and data breaching across the globe could be major hindrance for the growth of Accountable Care Solutions market.
Companies Include are: ATHENAHEALTH, CERNER CORPORATION, MCKESSON CORPORATION, ZEOMEGA INC, UNITEDHEALTH GROUP, ECLINICALWORKS, EPIC SYSTEMS, CONSTELLATION SOFTWARE, ALLSCRIPTS HEALTHCARE SOLUTIONS, AND VERISK HEALTH, INC among others.
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Key Developments in the Market
May 2018: Columbus Regional Healthcare System (CRHS) has selected Cerner to implement a new integrated electronic health record (EHR) and revenue cycle solutions across its acute and ambulatory facilities.
Government Regulations and Initiatives to Promote Patient-Centric Care
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
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Data Privacy and Confidentiality Concerns
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.
US Lead the Market in North America Region
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.
The report has 200 tables and figures browse the report description and TOC:
Essential points covered in Global Accountable Care Solutions Market 2018 Research are:-
- What will the Accountable Care Solutions market size and the growth rate be in 2023?
- What are the key factors driving the Global Accountable Care Solutions market?
- What are the key market trends impacting the growth of the Global Accountable Care Solutions market?
- What are the challenges to Accountable Care Solutions market growth?
- Who are the key vendors in the Global Accountable Care Solutions market?
- What are the market opportunities and threats faced by the vendors in the Global Accountable Care Solutions market?
- What are the key outcomes of the five forces analysis of the Global Accountable Care Solutions market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Reasons to Buy
- Current and future Accountable Care Solutions market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porters five forces analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet (in excel)
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