Accountable Care Solutions Market Size (2024 - 2029)

The Accountable Care Solutions Market is projected to experience significant growth over the forecast period, driven by the increasing demand for patient-centric care and the integration of big data in healthcare. The expansion of digital health portals and services, accelerated by the COVID-19 pandemic, has further contributed to the market's development. Government regulations and initiatives aimed at reducing healthcare costs are also key factors influencing market growth. Despite challenges such as data security concerns and the high costs of infrastructure, the collaborative efforts between payers and providers to enhance care management and the strategic initiatives by healthcare organizations are expected to propel the market forward.

Market Size of Accountable Care Solutions Industry

Accountable Care Solutions Market Summary
Study Period 2021 - 2029
Market Size (2024) USD 2.24 Billion
Market Size (2029) USD 3.76 Billion
CAGR (2024 - 2029) 10.92 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Accountable Care Solutions Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Accountable Care Solutions Market Analysis

The Accountable Care Solutions Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 3.76 billion by 2029, growing at a CAGR of 10.92% during the forecast period (2024-2029).

The pandemic affected the market. During the COVID-19 pandemic, patient portals and their message platforms allowed remote access to health care, and an increased portal messaging utilization by patients to address healthcare issues about COVID-19 (in particular, symptoms, self-assessment, and tests and results) has been seen during the pandemic, as stated in the research article published in the National Library of Medicine in May 2022. Additionally, in February 2022, DC Health launched a web-based portal, 'Digital Vaccine Record (DVR),' that gives district residents secure, easy, and free access to their official COVID-19 vaccination records. DVR is an official electronic vaccination record drawn from the District of Columbia's Immunization Information System (DOCIIS), is accessible on smartphones, tablets, and laptops, and includes a QR code. When scanned by a SMART Health Card reader, it displays the same information as the paper vaccine card provided by the Centers for Disease Control and Prevention (CDC).

Thus, new portals and services launched by the government and private sectors for various purposes during the pandemic are other factors that are expected to contribute to the accountable care solutions market growth over the forecast period.

Factors such as the emergence of big data in healthcare, government regulations, and initiatives to promote patient-centric care, and increasing demand to curtail healthcare costs are expected to increase market growth during the forecast period. As per the data updated by the Information Services Group in January 2022, new business models are currently emerging that encourage the payers and providers to improve collaboration among them. Additionally to run effective care management, claims information is insufficient, thus, the payers need to integrate clinical data, lab data, etc., which means they need a flexible, and external-focused operating model. So, payers and providers are expected to focus more on working collaboratively and developing electronic health records and patient portals. This is expected to lead the payers to adopt more accountable care solution approaches that will benefit both. Additionally, per the current regime insurers are required to get prior approval for launching a new product. But in June 2022, the Insurance Regulatory and Development Authority of India (IRDAI) extended the 'Use and File' procedure for all the health insurance products and almost all the general insurance products under the health insurance business. This is anticipated to require digitization in healthcare systems to gather patient data and the need for accountable care solutions will increase, driving the market growth.

Furthermore, the strategic activities of healthcare payers in the market are increasing by the day. This is anticipated to drive market growth over the forecast period. For instance, in April 2022, health action company Icario launched a program called Digital Bridge, which aims to help Medicaid and Medicare plans improve broadband access and digital literacy for members. This program will leverage Icario's expertise in personalized health communications to create a plan to ensure that members are able to access available resources for low-cost or free broadband. Such plans are expected to enhance the market growth over the forecast period. Similarly, in October 2021, Cerner Corporation launched Cerner RevElate. As part of an effort to better match Cerner's potent research and development resources with those solutions most required by caregivers around the world, Cerner invested in advancing patient accounting capabilities and enterprise-wide technology optimization, which led to the creation of Cerner RevElate. Similarly, in November 2021, the Blue Cross witnessed a collaboration with Blue Shield. The partnership was intended to launch a new accountable care organization working with rural hospitals and community providers to provide better medical care to its beneficiaries.

However, data security and privacy concerns and high investments required for supporting infrastructure are expected to hinder market growth.

Accountable Care Solutions Industry Segmentation

Per the report's scope, accountable care solutions are required to improve healthcare facilities given to patients and limit rising costs for medical expenses. The Accountable Care Solutions Market is segmented by Product & Services (Electronic Health/Medical Records, Healthcare Analytics, Revenue Cycle Management Solutions (RCM), Claims Management Solutions, Payment Management Solutions, Support and Maintenance Services, and Others), Deployment (On-premise and Web & Cloud-Based), End User (Healthcare Providers and Healthcare Payers) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product & Services
Electronic Health/Medical Records
Healthcare Analytics
Revenue Cycle Management Solutions (RCM)
Claims Management Solutions
Payment Management Solutions
Support and Maintenance Services
Other Products & Services
By Deployment
On-premise
Web & Cloud-Based
By End User
Healthcare Providers
Healthcare Payers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Accountable Care Solutions Market Size Summary

The Accountable Care Solutions Market is poised for significant growth, driven by the increasing adoption of electronic health records (EHRs) and the integration of big data in healthcare. The market is experiencing a transformation due to the pandemic, which accelerated the use of patient portals and digital health records, enhancing remote access to healthcare services. Government and private sector initiatives, such as the launch of web-based portals and digital vaccine records, have further fueled market expansion. The focus on patient-centric care, coupled with regulatory support and the need to reduce healthcare costs, is encouraging collaboration between payers and providers. This collaboration is leading to the development of flexible, external-focused operating models that integrate clinical and lab data, thereby promoting the adoption of accountable care solutions.

The market landscape is characterized by strategic activities from key players, including partnerships, collaborations, and technological advancements aimed at enhancing digital health infrastructure. Companies like Cerner Corporation and Blue Cross are actively investing in solutions that improve care coordination and patient engagement. Despite challenges such as data security concerns and the high costs of supporting infrastructure, the market is expected to grow, particularly in regions like North America, where technological advancements and high EHR adoption rates are prevalent. The fragmented nature of the market sees global players like Allscripts Healthcare Solutions and UnitedHealth Group Incorporated leveraging various strategies to strengthen their market position. As the demand for telehealth and digital health solutions continues to rise, the accountable care solutions market is set to witness robust growth over the forecast period.

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Accountable Care Solutions Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Emergence of Big Data in Healthcare

      2. 1.2.2 Government Regulations and Initiatives to Promote Patient-Centric Care

      3. 1.2.3 Increasing Demand to Curtail Healthcare Costs

    3. 1.3 Market Restraints

      1. 1.3.1 Data Security and Privacy Concerns

      2. 1.3.2 High Investments Required for Supporting Infrastructure

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product & Services

      1. 2.1.1 Electronic Health/Medical Records

      2. 2.1.2 Healthcare Analytics

      3. 2.1.3 Revenue Cycle Management Solutions (RCM)

      4. 2.1.4 Claims Management Solutions

      5. 2.1.5 Payment Management Solutions

      6. 2.1.6 Support and Maintenance Services

      7. 2.1.7 Other Products & Services

    2. 2.2 By Deployment

      1. 2.2.1 On-premise

      2. 2.2.2 Web & Cloud-Based

    3. 2.3 By End User

      1. 2.3.1 Healthcare Providers

      2. 2.3.2 Healthcare Payers

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Accountable Care Solutions Market Size FAQs

The Accountable Care Solutions Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 10.92% to reach USD 3.76 billion by 2029.

In 2024, the Accountable Care Solutions Market size is expected to reach USD 2.24 billion.

Accountable Care Solutions Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)