The Value Based Care Payment by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Value Based Care Payment, The
value based care payment market size has grown rapidly in recent years. It will
grow from $2.47 billion in 2023 to $2.77 billion in 2024 at a compound annual
growth rate (CAGR) of 12.1%. The growth in the historic period can be
attributed to strong economic growth in
emerging markets, a rise in healthcare expenditure, growing usage of digital
healthcare infrastructure and a rapid development in value-based health care
services..
The value based care payment market size is expected to see rapid growth in the
next few years. It will grow to $4.1 billion in 2028 at a compound annual
growth rate (CAGR) of 10.4%. The growth
in the forecast period can be attributed to an increase in the aging
population, growth of the middle-class in emerging markets and a rising
prevalence of chronic diseases will drive the growth.. Major trends in the
forecast period include focus on low-code platforms for value-based care,
strategic mergers and acquisitions, implementation of optimal care management
strategy, remote patient monitoring as a reimbursable initiative for valued
based care and an increase in bundle payments. .
Rapid development in value-based health care services is expected to contribute
to the tremendous growth of the value-based care payment market. Healthcare
cost curve and unnecessary health expenditures have been reduced to almost 5.6%
on average due to value-based healthcare services. UnitedHealth predicted that
$75 billion of its payments to medical care providers will be attached to
value-based care relationships. Likewise, the quantity of Accountable Care
Organizations (ACO) is expanding, giving more protection and inclusion. For
example, according to the analysis in the Journal of Health Affairs, there were
more than 1,000 ACOs spread across the USA, which represented more than 1,400
contracts with commercial and government insurers covering more than 32 million
Americans. Therefore, rapid expansion in value-based health care services is
driving the value-based care payment market demand by increasing the effective
usage of services provided to customers focusing on value-based care model
rather than the fee-for-service model.
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The value based care payment market covered in this report is segmented –
1) By Model: Accountable Care Organization (ACO), Bundled Payments,
Patient-Centered Medical Home (PCMH), Pay For Performance (P4P)
2) By Deployment Type: Cloud Based, On-Premise
3) By End User: Providers, Payer
Partnerships in value-based care are gaining popularity among the providers as
these partnerships allow partners such as manufacturers, payers, and provider
organizations to co-develop programs, solutions, and initiatives
collaboratively for the benefit of patients and healthcare systems. Value-based
partnerships assist with conveying the highest value incentive to the
healthcare system and society by concentrating on improving patient results
with regard to the system and societal total costs. For instance, in June 2021,
Humana, a US-based health insurance company acquired value-based home
healthcare partner One Homecare Solutions (onehome) from WayPoint Capital
Partners to enhance value-based care in home healthcare services.
The value based care payment market report table of contents includes:
1. Executive Summary
2. Value
Based Care Payment Market Characteristics
3. Value
Based Care Payment Market Trends And Strategies
4. Value
Based Care Payment Market - Macro Economic Scenario
5. Global
Value Based Care Payment Market Size and Growth
.
32. Global Value Based Care Payment Market Competitive Benchmarking
33. Global
Value Based Care Payment Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Value Based Care Payment Market
35. Value
Based Care Payment Market Future Outlook and Potential Analysis
36.
Appendix
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