The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction
The value-based care payment market has been growing rapidly, reflecting significant changes in the healthcare landscape. From $2.47 billion in 2023 to an expected $2.77 billion in 2024, the market is expanding at a compound annual growth rate (CAGR) of 12.1%. This growth is driven by various factors, including economic growth in emerging markets and advancements in digital healthcare infrastructure.

Historic Growth Drivers
Economic Growth in Emerging Markets

• Strong economic growth in emerging markets has led to increased healthcare expenditure.
• This economic boost has enabled these markets to adopt value-based healthcare services more readily.

Rise in Healthcare Expenditure

• Increased healthcare spending has facilitated the development and implementation of value-based care models.
• More funds are available for investing in necessary infrastructure and technology.

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Digital Healthcare Infrastructure

• Advancements in digital healthcare have been crucial.
• Enhanced digital tools and platforms support efficient value-based care delivery.

Future Growth Projections
Growth Forecast

• The market is projected to grow from $2.77 billion in 2024 to $4.1 billion in 2028 at a CAGR of 10.4%.
• Factors contributing to this growth include demographic changes and the increasing prevalence of chronic diseases.

Key Future Drivers

• Aging Population: An older population generally requires more healthcare services, driving the demand for efficient care models.
• Middle-Class Growth: Emerging markets are seeing a rise in middle-class populations who can afford and demand better healthcare.
• Chronic Disease Prevalence: The rise in chronic conditions necessitates ongoing, value-based care approaches.

Major Trends in Value-Based Care
Low-Code Platforms

• Adoption of low-code platforms simplifies the implementation and management of value-based care systems.
• These platforms enable quicker, more efficient development of healthcare applications.

Mergers and Acquisitions

• Strategic mergers and acquisitions are consolidating resources and expertise.
• Companies like Signify Health are expanding their capabilities through acquisitions, such as the purchase of Caravan Health.

Care Management Strategies

• Implementation of optimal care management strategies ensures better patient outcomes and cost efficiency.
• Remote patient monitoring is becoming a reimbursable initiative, aligning with value-based care goals.

Bundle Payments

• Increase in bundle payments supports comprehensive care packages, which streamline billing and reimbursement processes.
• These payments encourage providers to deliver high-quality care at reduced costs.

Impact of Value-Based Healthcare Services
Cost Reduction

• Value-based healthcare services have reduced healthcare costs and unnecessary expenditures by about 5.6% on average.
• Organizations like UnitedHealth are significantly investing in value-based care, with $75 billion in payments tied to this model.

Expansion of Accountable Care Organizations (ACO)

• The number of ACOs is growing, enhancing protection and coverage.
• Over 1,000 ACOs in the USA represent more than 1,400 contracts, covering over 32 million Americans.

Major Players in the Market

• Key companies in the value-based care payment market include McKesson Corporation, Change Healthcare, Premier Inc., and UnitedHealth Group Inc.
• These organizations are at the forefront of adopting innovative value-based models and technologies.

Home Health Value-Based Purchasing (HHVBP) Model
Innovation in Care Models

• The HHVBP Model is transforming home health services by promoting quality and efficiency.
• This model supports the broader goals of the Department of Health and Human Services to improve care and reduce costs.

Conclusion
The value-based care payment market is poised for significant growth, driven by economic, demographic, and technological factors. Major trends such as low-code platforms, strategic mergers, and bundled payments are shaping the future of healthcare. With major players leading the charge and innovative models like HHVBP, the market is set to revolutionize healthcare delivery, emphasizing value over volume.

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