The overall global accountable care solutions market is expected to grow from USD 8.75 billion in 2016 to USD 18.85 billion by 2021 at a CAGR of 16.6%.

Healthcare Providers

Healthcare providers comprise large as well as small hospitals, clinics, and other healthcare centers. A number of provisions of the Affordable Care Act (ACA) have resulted in an increase in the number of population health management programs being implemented in the U.S. The ACA stresses on value-based reimbursement and quality of treatment rather than the traditional fee-for-reimbursement systems based on volume. At the same time, the ACA aims to lower the number of uninsured people to reduce the cost of healthcare for the government as well as individuals.

Accountable care solutions for providers help in the exchange of patient information and intelligent clinical decision support among providers, and the management and assessment of health outcomes for a broad patient population. The focus of providers has shifted to a value-based system of care and quality treatment rather than the traditional fee-for-reimbursement system, globally. Most providers focus on reducing unnecessary readmissions and enhancing patient satisfaction with quality care. To gain a competitive edge and cope with the emerging demands, healthcare systems as well as physician groups are rapidly adopting accountable care solutions. This approach aims to not only help improve the quality of care and reduce the readmission rate but also save costs for all the stakeholders involved.