The accountable care solutions market comprises population health management, care management solutions, health management solutions, and integrated software solutions that aims to improve healthcare quality and efficiency. Accountable care solutions help providers share clinical information, coordinate care models across various sites, enhance patient engagement and decision making. These solutions provide real-time patient data to help primary care physicians and specialists collaborate effectively. They also allow payers and providers to share data on costs, quality metrics, and patient outcomes to analyze the overall population health status.
The Global Accountable Care Solutions Market is estimated to be valued at US$ 21.50 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Accountable Care Solutions Market are Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, McKesson Corporation, Verisk Health, ZeOmega, Inc., eClinicalWorks, Inc., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc. Cerner Corporation and Epic Systems Corporation captured over 30% share of the market in 2020.
The growing need to curtail healthcare costs and improve the quality of care has increased the demand for accountable care solutions globally. The solutions help integrate disparate healthcare systems and share clinical data across providers and payers to offer coordinated care models. This is expected to positively impact the market growth during the forecast period.
The accountable care solutions vendors are also focusing on expanding their geographic footprint in high growth emerging markets such as Asia Pacific, Latin America, and Middle East & Africa. The increasing healthcare expenditure, large patient volumes and rising incidence of chronic diseases in these regions are attracting vendors.
The Asia Pacific region is expected to experience the fastest growth in the accountable care solutions market over the coming years. Rising wealth and healthcare expenditures coupled with aging populations are elevating chronic disease burdens in nations like China, India, and South Korea. At the same time, governments seek reforms to stretch budgets and improve primary care infrastructure. Accountable care represents an appealing value proposition, as evidenced by Japan’s expanded experiments in bundled payments and capitation models. Implementation remains in early stages, yet Asia Pacific presents large untapped opportunities for accountable care solutions to scale.
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