Accountable Care Solutions Market Size:
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
Accountable Care Solutions Market Overview:
The term Accountable Care Organization (CCO) refers to the transition from a procedure-based reimbursement to a payment for quality, illness and condition with capitalized payments to case-based and per capita health care organizations. To be commercially effective as an accountable care organization, you must determine if it provides better quality care and greater efficiency. Accountable care solutions help aggregate data from disparate electronic health records (EHRs) while allowing providers to use their existing systems and workflows. Payers establish a framework in which provider groups agree to support a patient population to meet or exceed predetermined quality and cost criteria. It is difficult to integrate different sources of information to create a coherent solution for care management, but companies have invested heavily in this software so that experts can quickly integrate Accountable Care Solutions software.
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Accountable Care Solutions Market Drivers and restraints:
Major driving factors for market growth are the government initiatives for eHealth, rising medical expenses, and setting up of strict regulations. There is growing interest in the potential for accountable healthcare to contain costs while encouraging patient-centered affordable care. There is increasing need to adhere to regulatory guidelines, high return on investment, government initiatives for eHealth, and rising need to curtail healthcare costs, which can drive the growth of accountable care solutions. However, the reluctance of end users to adopt new methods and the lack of internal computer knowledge are factors that hinder the growth of this industry. The lack of willingness of suppliers to adopt these solutions, the need to invest in infrastructure, the insufficient participation of patients, the low use of Internet solutions, the lack of interoperability and the security problems of data related to business solutions are some of the limiting factors for the accountable care solutions industry.
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Accountable Care Solutions Market Geographical segmentation:
North America holds major share for accountable care solutions followed by Europe and Asia-Pacific. However, Latin America and Asia-Pacific offer a huge potential for lucrative growth of the market. The reasons for the growth in these regions are the increasing prevalence of various disorders, an extensive client base, growing medical tourism, government initiatives for electronic health, the growing demand for quality care and the aging of the population. Most accountable management solution products and services in these regions are driven by developing countries such as Singapore, China, India, Mexico, Brazil and South Korea.
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Accountable Care Solutions Market Major Companies:
These companies adopt various strategies such as partnerships, collaboration, agreements, mergers and acquisitions, extensions, product improvements and product deployment to increase their share and create a strong position in the global accountable care solutions industry.
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