Accountable Care Solutions Market Report 2024

This Accountable Care Solutions market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The accountable care solutions market size has grown rapidly in recent years. It will grow from $22.34 billion in 2023 to $25.42 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth during the historic period can be attributed to rising healthcare expenditure, the growing adoption of patient-centric solutions, the increased use of patient engagement tools, the rising demand for healthcare analytics, and the expanding adoption of accountable care solutions by healthcare institutions.

The accountable care solutions market size is expected to see rapid growth in the next few years. It will grow to $42.86 billion in 2028 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to the increasing adoption of value-based care, the expansion of population health management, a heightened focus on population health, rising consumer demand for improved care, and the growing implementation of integrated care models. Key trends during this period include the widespread adoption of value-based care, a shift towards cloud-based platforms, an increased emphasis on patient engagement, the adoption of patient-centric solutions, and advancements in remote patient monitoring.

The rising prevalence of chronic diseases is anticipated to drive the growth of the accountable care market in the coming years. Chronic diseases are long-term health conditions that last over a year, often requiring ongoing care and impacting daily activities. Factors such as an aging population, longer life expectancies, and a rise in conditions like heart disease and diabetes are the primary contributors to the increasing occurrence of chronic diseases. Accountable care solutions support chronic disease management by coordinating patient care, improving outcomes, and reducing costs through preventive and streamlined approaches. For example, in January 2023, the National Center for Biotechnology Information (NCBI), part of the US-based National Library of Medicine, projected that by 2035, 35.66% of adults aged 50 and above will have at least one chronic condition, with this figure increasing to 47.81% by 2050. Consequently, the growing prevalence of chronic diseases is fueling the expansion of the accountable care market.

Leading companies in the accountable care solutions market are focusing on developing AI-based models to provide more efficient and effective healthcare options. AI-based models are advanced systems that utilize cutting-edge algorithms and technologies to enhance healthcare delivery, performance, and efficiency. These models aim to improve patient care, optimize resource allocation, and manage costs effectively through advanced algorithms and data analytics. For example, in April 2024, Innovaccer, a US-based digital healthcare company, introduced an AI-assisted quality management solution. This solution is designed to help accountable care organizations (ACOs) comply with the new electronic clinical quality measures (eCQMs) reporting requirements established by the Centers for Medicare & Medicaid Services (CMS) for 2025. Key features of this solution include AI-powered predictive models to optimize gap closure and patient outreach, advanced analytics and reporting capabilities for processing eCQMs and merit-based incentive payment system clinical quality measures (MIPS CQMs), and seamless data integration through optimized worklist management.

In February 2022, Signify Health, a US-based healthcare platform, acquired Caravan Health for $250 million. This acquisition aims to build a strong national network of healthcare providers, enabling better-coordinated care and supporting health systems in implementing value-based care while maintaining financial sustainability for providers. Caravan Health is a US-based healthcare organization that offers value-based accountable care advisory services.

Major companies operating in the accountable care solutions market are UnitedHealth Group, McKesson Corporation, Optum Inc., Oracle Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Infosys Limited, Change Healthcare, Aetna Inc., Athenahealth Inc., Lumeris, Inovalon Holdings Inc., eClinicalWorks LLC, NXGN Management LLC, Health Catalyst, Innovaccer Inc., ZeOmega Inc., MedeAnalytics Inc., HealthEC LLC, Azara Healthcare LLC, ISalus Healthcare LLC, Ayoka L.L.C.

North America was the largest region in the accountable care solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the accountable care solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the accountable care solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Accountable care solutions (ACS) encompass a range of coordinated healthcare initiatives designed to enhance patient outcomes and reduce costs by fostering accountability among healthcare providers. These solutions typically integrate various systems to ensure providers deliver high-quality care while effectively managing resources. They are widely implemented in value-based care models to improve both the quality and efficiency of healthcare delivery.

The key components of accountable care solutions include software and services. Software consists of digital tools and applications that manage and analyze healthcare data. These solutions encompass electronic health or medical records, healthcare analytics, revenue cycle management (RCM) solutions, patient engagement tools, population health management (PHM) solutions, claims management systems, healthcare information exchanges (HIE), and more. They are deployed through on-premise, web-based, and cloud-based platforms, serving end-users such as healthcare providers and payers.

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The accountable care solutions (ACS) market includes revenues earned by entities through data management and analytics, cloud computing services, cybersecurity services, and telehealth and remote monitoring services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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