Value Based Care Payment Market Forecast 2024-2033: Anticipated Size and Growth Trends
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2024-2033 Value Based Care Payment Market: What Growth Rate is Predicted?
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What Aspects Are Driving the Expansion of the value based care payment Market?
The value-based care payment market is seeing impressive expansion due to the swift advancement in value-based health care services. The healthcare expense curve and avoidable health costs are reduced almost 5.6% on average, thanks to value-based health care services. UnitedHealth has projected its payments to medical care providers to be around $75 billion, linked to value-based care affiliations. In addition, the number of Accountable Care Organizations (ACOs) is experiencing growth, providing greater security and coverage. For instance, a review in the Journal of Health Affairs revealed that over 1,000 ACOs exist across the USA, consisting of more than 1,400 contracts with commercial and government insurers, covering over 32 million Americans. Hence, the swift growth in value-based health care services is propelling the demand for the value-based care payment market by promoting the efficient use of services centered around the value-based care model as opposed to the fee-for-service model.
What Are the Significant Segments of the Value Based Care Payment Market?
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
What Trends Are Influencing the Evolution of the Value Based Care Payment Market?
Collaborations focusing on value-based healthcare are becoming increasingly prevalent among providers. Such collaborations involve partners like manufacturers, payers, and provider organizations coming together to collaboratively create programs, solutions, and initiatives that benefit both patients and healthcare institutions. The central focus of value-based partnerships is to deliver the highest value reward to the medical system and broader society by focusing on the improvement of patient outcomes in relation to the overall cost to the system and society. As an example, in June 2021, the US-based health insurance company, Humana, acquired One Homecare Solutions (onehome) from WayPoint Capital Partners in a move designed to strengthen value-based care within home healthcare services.
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Which Geographic Areas Are Influencing the Growth of the Value Based Care Payment Market?
North America was the largest region in the value-based care payment market in 2023. Western Europe was the second largest region in value-based care payment market share. The regions covered in the value based care payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Value Based Care Payment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the value based care payment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Value Based Care Payment Market Include
1. Value Based Care Payment Market Executive Summary
2. Value Based Care Payment Market Segments
3. Value Based Care Payment Market Size And Template Market Growth Rate
4. Key Value Based Care Payment Market Trends
5. Major Value Based Care Payment Market Drivers
……
25. Key Mergers And Acquisitions In The Value Based Care Payment Market
26. Top Value Based Care Payment Companies
27. Value Based Care Payment Market Opportunities And Strategies
28. Value Based Care Payment Market, Conclusions And Recommendations
29. Appendix
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