Global Value Based Care Payment Market
Healthcare Services

Overview Of The Value Based Care Payment Market 2023-2032: Growth And Major Players Analysis

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global value-based care payment market is projected to increase from $2.2 billion in 2022 to $2.47 billion in 2023, achieving a 12.2% CAGR. Anticipated market growth will lead to a size of $3.73 billion in 2027, with a 10.9% CAGR.

North America held the largest value based care payment market share, and Western Europe was the fastest-growing region in 2022.

Value Based Care Payment Market Driver
Swift advancements in value-based healthcare services are poised to fuel substantial growth in the value-based care payment market. Value-based healthcare has trimmed healthcare costs and unnecessary spending by an average of 5.6%. UnitedHealth aimed to allocate $75 billion of its payments to medical providers to value-based care by 2020’s end. The proliferation of Accountable Care Organizations (ACOs) enhances protection and coverage. For instance, over 1,000 ACOs were present in the USA, encompassing 1,400+ contracts with insurers, covering 32+ million Americans, as per the Journal of Health Affairs. This expansion in value-based healthcare boosts demand for value-based care payment, emphasizing a shift from the fee-for-service model to a value-based care approach.

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Prominent Value Based Care Payment Market Trend
Partnerships in value-based care are gaining traction among providers. These collaborations involve manufacturers, payers, and provider organizations working together to develop programs and solutions for the benefit of patients and healthcare systems. Value-based partnerships focus on improving patient outcomes while reducing total system and societal costs, delivering the highest value incentive. In June 2021, Humana, a US health insurance company, acquired One Homecare Solutions (onehome), a value-based home healthcare partner, from WayPoint Capital Partners, to enhance value-based care in home healthcare services.

Value Based Care Payment Market Prominent Players
Major players in the value based care payment market are Siemens Healthcare GmbH, Nextstep Solutions, Athena Health, NXGN Management LLC. and McKesson Corporation.

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Key Value Based Care Payment Market Segments
The global value based care payment market is segmented –
1) By Models: Accountable Care Organization (ACO), Bundled payments, Patient-Centered Medical Home (PCMH), Pay for Performance (P4P)
2) By Deployment: Cloud Based, On-Premise
3) By End User: Providers, Payer

The Value Based Care Payment Global Market Report 2023  provides a comprehensive overview on the value based care payment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the value based care payment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Payments Global Market Report 2023
Payment Security Global Market Report 2023
Care Management Solutions Global Market Report 2023

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