Global Value-Based Care Market by Model (Accountable care organization (ACO), Patient-centered medical home (PCMH), Pay for performance (P4P), Bundled payments), By Deployment (On-Premise and Cloud), By End User ( Hospitals, Clinics, Insurance Companies, Government, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global Value-Based Care Market Overview

Value-based health care is a style of service in which hospitals and other providers are compensated based on the patient's experience, cost, efficiency, quality, and health outcome. The cost is reduced as a result of increased pressure to enhance services and reduce costs, as well as fierce competition among providers. Society, suppliers, payers, providers, and patients all benefit from value-based healthcare services. They concentrate on assisting patients in recovering quickly and avoiding chronic diseases so that they can obtain better health at a cheaper cost. Value-based health care services lower overall healthcare spending for society. The rising prevalence of chronic diseases is driving demand for value-based healthcare. The need for value-based care services in hospitals and clinics will grow as the incidence of chronic diseases rises. The market for value-based healthcare services is rising as the need for high-quality care services grows.
A major difficulty in running Medicare payment systems is ensuring reliable data in value-based healthcare services. Because many of the payments are tied to quality and outcomes, providers will need to guarantee that the data is accurate and meaningful. Because the performance is based on Medicare, it will be vital to ensure correct information. Electronic health records (EHRs) contain a variety of patient-level characteristics such as prescriptions, demographics, vital signs, issue lists, diagnoses, and laboratory data, all of which are evaluated to guarantee proper payment. The most significant challenge providers confront is ensuring data integrity.

Market Size

According to Business Intelligence Insights Global Value-Based Care Market is expected to grow from USD 2184.70 million in 2021 to USD 9146.21 million by 2028, at a CAGR of 19.60%  during the forecast period 2022-2030

Covid -19 Impact Analysis

COVID-19 throws a wrench into value-based care contracts that no one saw coming. VBC providers were initially concerned that COVID-19 might jeopardise contractor claims, owing to Medicare's desire to cooperate with providers willing to take a risk. However, COVID-19 merely served as a reminder to providers to diversify their revenue streams by supplementing fee-for-service (FFS) revenues with VBC revenue streams. Following that, patient numbers and FFS payments dried up the provider performance data, revealing that bundled payment programme savings per case remained high and capitated payments remained steady. According to Medical Economics, less than 20% of Medicare spending was under VBC contracts prior to the pandemic, and CMS intends to place all Medicare providers into two-sided risk arrangements by 2025

Market Dynamics

•    Drivers
o    The need for high-quality care services is expanding.
o    Following the introduction of digital technology, there have been a lot of quick changes in healthcare.

•    Restraints
o    Balancing two reimbursement types and coordinating two payment mechanisms.

Segmentation Insights

The deployment category dominated the market with more than 50% of the market share

In the field of healthcare IT, wireless and cloud technologies give medical professionals and patients with cost-effective access to clinical data. Wireless and cloud technologies are predicted to increase fast in the healthcare industry because they provide easy and cost-effective ways for healthcare organizations and consumers to communicate. The system's adoption rate is forecast to rise by 26.9%, and the number of patients using home health monitoring systems worldwide is expected to rise at the same time. Opzoon Technology Co., Ltd., Qualcomm Life Inc., and Fibocom Wireless Inc. are among the companies that sell wireless and cloud technology to the healthcare business.

The hospital category dominated the market with more than 21% of the market share

The demand for innovative technologies is projected to surge as hospitals focus on not just expanding but also enhancing their infrastructure. Hospitals can accommodate millennial models to provide better patient care thanks to digitalization. The demand for value-based healthcare services is predicted to expand as a result of this trend.

By Model
•    Accountable care organization (ACO)
•    Patient-centered medical home (PCMH)
•    Pay for performance (P4P)
•    Bundled payments

 By Deployment
•    On-Premise
•    Cloud

By End User
•    Hospitals
•    Clinics
•    Insurance Companies
•    Government
•    Others

By Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

List of Key Players in the Global Value-Based Care Market:

•    Siemens Healthcare GmbH
•    NextStep Solutions
•    McKesson Corporation
•    NextGen Healthcare
•    Genpact Limited
•    Athena Healthcare
•    Boston Consulting Group
•    Change Healthcare
•    Baker Tilly, US, LLC

Regional Insights

North America dominated the market with more than 35% of the market share

Because the United States is home to many large corporations and corporate companies, North America is likely to maintain its lead in the value-based healthcare services industry over the next few years. The primary markets for long-term revenue creation from value-based healthcare services are likely to be Europe and East Asia. Due to digital transformation initiatives, countries such as France, Japan, Germany, South Korea, Australia, and New Zealand, and India are experiencing rapid technological growth. Total disposable income is expanding rapidly as a result of strong economic expansion, which is boosting consumer spending in the region and contributing to market growth. China will have 437 million people aged 60 and up by 2050, India 324 million, the United States 107 million, and Brazil 58 million, according to the United Nations Department of Economic and Social Affairs. By 2025– 2030, the population of adults over 60 is expected to grow at 3.5 times the pace of the general population. According to the UN's World Population Prospects report, the elderly population (those aged 65 and over) is expected to grow from 16 percent in 2000 to 24 percent by 2030. As the senior population grows, demand for better healthcare facilities is projected to rise, resulting in an increase in demand for value-based healthcare services.

Table

Report Attributes	Details
Market Size Value in 2021	USD 2184.70 million
Market Size Value in 2027	USD 9146.21 million
Growth Rate	+19.60%
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Million)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Model, By Deployment, By End User, By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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