The term accountable care organizations (ACO) denotes the shift in reimbursement from procedure based, fee for service towards fee for quality, disease and condition based reimbursement with capitated payments to healthcare delivery organizations on a per case and per capita basis.
To be commercially effective as an accountable care organization one needs to determine whether they are delivering a higher quality of healthcare and improved efficiency. Accountable care solutions helps aggregate disparate electronic health record (EHR) data while allowing providers to use their existing systems and workflows.
The payers establish a framework whereby provider groups agree to care for a population of patients with the goal of reaching or surpassing predetermined cost and quality benchmarks. Integrating disparate sources of information to build a single cohesive accountable care solution is hard, but organizations have made substantial investments in these software’s to help make it easy for experts to quickly integrate accountable care solutions software.
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There is growing interest in the potential for accountable healthcare to contain costs while encouraging patient-centered affordable care.
There is increasing need to adhere to regulatory guidelines, high return on investment, government initiatives for eHealth, and rising need to curtail rising healthcare costs being some of the key factors driving the growth of accountable care solutions market. However reluctance among end users to adopt new methods and lack of in-house IT knowledge are factors to restrain the growth of this market.
Also unwillingness among providers to adopt to these solutions, requirement of infrastructural investments, inadequate patient engagement, low usage of the internet solutions, lack of interoperability and data security concerns related to cloud-based solutions are few more factors expected which is restraining the growth of accountable care solutions market.
On the basis of Component the accountable care solutions market can be segmented into
On the basis of Deployment the accountable care solutions market can be segmented into,
On the basis of End-users the accountable care solutions market can be segmented into,
- Healthcare Payer
- Healthcare Provider
The ability to quickly access computing and storage resources when needed without the requirement for a large technical staff, is a key factor driving the uptake of accountable care solutions market. More and more, healthcare is molded and critically impacted by the software and information technology that surrounds and supports the industry.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa in which North America holds major market for accountable care solutions followed by which is Europe and Asia-Pacific. However, Latin America and Asia-Pacific hold lucrative growth potential for the accountable care solutions market reasons being rising prevalence of various disorders, extensive customer base, rising medical tourism, increasing government initiatives for eHealth, growing demand for quality healthcare and large base of aging population in this region.
Most of the accountable care solutions products and services in these regions are driven by developing countries like Singapore, China, India, Mexico, Brazil, and South Korea.
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Some of the players in accountable care solutions market are Aetna, Inc., Allscripts Healthcare Solutions, Cerner Corporation, eClinicalWorks, Inc. Epic Systems Corporation, IBM Corporation, Mckesson Corporation, NextGen Healthcare, Optum, Inc.
UnitedHealth Group, Inc., Verisk Health, and Zeomega, Inc. The companies in this market are adopting various strategies like partnerships, collaboration, agreements, mergers and acquisitions, expansions, product enhancements and product deployment to increase their share and create a strong position in the global accountable care solutions market.
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