The accountable care solutions take care of the cost and quality of the healthcare system. These solutions coordinate between interrelated aspects such as cost-effectiveness, quality, and overall population health. The term ACO depicts the alteration in reimbursement from process based fee for service to fee for quality, illness and condition based repayment, along with fixed payments to health care delivery organizations based on per case and per capita. An accountable care organization needs to make sure if it is delivering upgraded proficiency and an advanced quality of health care. This technology helps organize disparate electronic health record (EHR) information, along with permitting providers to use their current systems and workflows. Transparency Market Research has recently published a report titled, “Accountable Care Solutions Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
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There is a growing significance for accountable healthcare to limit costs while promising affordable treatment, keeping patient’s benefit and health in mind. Developing need to comply with administrative rules, government activities for eHealth, high investment returns, and the need to control expanding medical costs are among the major factors driving the market. However, the reluctance among end-users to embrace new techniques and absence of in-house IT familiarity are factors liable to hamper the development of the market. Furthermore, hesitance among suppliers to adopt to these solutions, high initial costs, insufficient patient engagement, low utilization of Internet solutions, absence of interoperability, and information security concerns identified with cloud-based solutions are some more factors limiting the market growth.
The accountable care solutions is segmented on the basis of deployment, component, and region. On the basis of component, the market is divided into software, hardware, and services. Based on deployment, the market is segregated into cloud-based, on-premise, and web-based solutions. As per end-user, the market is categorized into health care providers and health care payers. On the basis of region the market is portioned into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. North America accounts for significant share of the global market, trailed by Asia Pacific and Europe. Nevertheless, Asia Pacific and Latin America hold lucrative development potential in the market because of rising cases of chronic illnesses, broad customer base, increased government activities for eHealth, rise in medical tourism, developing interest for quality healthcare, and huge base of old age people in the region. The majority of the accountable care solutions products and administrations in these regions are driven by developing nations, for example, China, Singapore, India, Brazil, Mexico, and South Korea.
Allscripts Healthcare Solutions, Aetna, Inc., Cerner Corporation, Epic Systems Corporation, eClinicalWorks, Inc., IBM Corporation, NextGen Healthcare, McKesson Corporation, Optum, Inc., Verisk Health, UnitedHealth Group, Inc., and Zeomega, Inc. are some of the key players leading the global accountable care solutions market.