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
- Value Based Care Payment Market Characteristics
- Value Based Care Payment Market Trends And Strategies
- Value Based Care Payment Market – Macro Economic Scenario
- Global Value Based Care Payment Market Size and Growth
. - Global Value Based Care Payment Market Competitive Benchmarking
- Global Value Based Care Payment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Value Based Care Payment Market
- Value Based Care Payment Market Future Outlook and Potential Analysis
- Appendix
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