As stated in our extensive report; providing insights on Key Drivers, Key Restraints, and Segments (i.e.,Product & Service, Delivery Mode, End Users, and Region); the Global Accountable Care Solutions Market accounted for USD 17.5 Million in the year 2021.
High Usage of care solutions to deliver higher quality coordinated care to Medicare beneficiaries is one of the Key Factors Likely to Drive Growth of Accountable Care Solutions Market. Accountable Care Solutions aid in the collection of EHR (Electronic Health Record) data in order to allow health care professionals to keep their existing systems & processes in place. Many companies have invested a lot in software to aid and ease the integration of Accountable Care Solutions by specialists. The purpose of Accountable Care Solutions is to coordinate treatment throughout the full care continuum, from physicians to hospitals to other providers.
Accountable Care Solutions are essential to the healthcare industry's transition to a patient-centred perspective. Doctors, hospitals, and other healthcare providers have voluntarily joined together to deliver high-quality coordinated care to Medicare beneficiaries. The entire objective of coordinated care is to ensure that patients receive increased treatment at the appropriate time, while avoiding clinical errors and unwanted service duplication.Accountable Care Solutions have been deployed by self-insuring enterprises, insurance firms, and a range of healthcare organizations.
Various healthcare institutions have proactively come together for data exchange to enhance healthcare delivery in the face of the ongoing COVID-19 pandemic. A new trend of cross-collaboration between government agencies, health systems, insurance providers, and academics has emerged in the market, allowing data-driven insights to be used to enhance financial results, resource allocation, disease protection, and cost control. COVID-19 has introduced additional risks for Accountable Care Solutions. The majority of Accountable Care Solutions saw a possible rise in risk-sharing losses; however, some Accountable Care Solutions feel that these COVID-19 related risk sharing losses could be reduced via improved financial benchmarking and contract protection. The number of hospital admissions are increasing rapidly owing to the fast-rising incidences of numerous chronic conditions and the growing older population across the world. This puts plenty of pressure on hospitals to offer high-quality and cost-effective healthcare. The worldwide Accountable Care Solutions market is growing in response to an increased need for hospitals to reduce healthcare expenditures. Growing investments in IT and telecommunications infrastructure will have a major and favorable impact on industry growth. But on the other hand, the lack IT expertise, this industry is completely dependent on third-party service providers in order to integrate & implement Accountable Care Solutions in hospitals. As a result, there is increasing concern about various risk security threats.
Regional Outlook of Accountable Care Solutions Market: North America is the Most Potential
North Americais expected to dominate the growth of the Accountable Care Solutions Market in 2021, owing to technological advancement in order to manage data generated from hospitals and government initiatives to adopt an accountable care model in hospitals.
Some of the key players in the Global Accountable Care SolutionsMarketinclude-Cerner Corporation (US), IBM Corporation (US), UnitedHealth Group (US), Aetna Inc. (US), Allscripts Healthcare Solutions Inc. (US), Epic Systems Corporation (US), McKesson Corporation (US), Verisk Health (US), ZeOmega Inc. (US), eClinicalWorks Inc. (US), NextGen Healthcare (US), and others.