The accountable care solutions market size is estimated to be USD 18,784.2 million in 2022 and is expected to witness a CAGR of 11.79% during the forecast period 2023-2033. Increasing usage of digital and advanced technologies across the global healthcare industry, surge in demands for controlling healthcare costs, integration of cutting-edge technologies, rising geriatric population, and soaring incidence of chronic diseases. are factors contributing to the market growth. Additionally, growing number of government activities to encourage accountable care solution and increasing government emphasis on the promotion of patient-centric care is expected to propel the market growth. However, increase in the risk of security breaches in healthcare institutions and the high costs associated with maintaining the service infrastructure. is expected to hinder the growth.

Increasing usage of digital and advanced technologies across the global healthcare industry is projected to fuel the market growth due to mounting demand to offer effective and affordable treatment. For instance, according to reports from the industry, 528,966 physicians and non-physicians were registered with the MSSP in the United States as of January 2022. The way the modern healthcare industry operates is changing as a result of the information technology’s integration. The accountable care solutions assist healthcare organisations in enhancing the standard of care, reducing costs, and increasing security of care delivery systems. The coordination and communication between patients and providers can be improved by using a variety of accountable care products and services.

Growing number of government activities to encourage accountable care solution is predicted to propel the market growth. For instance, the Affordable Care Act (ACA), which was implemented in 2010, incorporated Accountable Care Organizations (ACOs) to support the industry’s broad goals of improving care, enhancing the patient experience, and lowering healthcare costs. The global market for accountable carte solutions has grown as a result of rising government attempts to digitalize and equipped hospitals with cutting-edge technology.

Segmentation

By Component

The market is categorized into services and software. In the global market, the software segment accounted for the largest revenue share in 2022 owing to the fact that accountable care software helps healthcare organizations to enhance workflows, reduce prices, provide better patient care, and increase patient safety. Additionally, it is projected that a higher number of initiatives taken by important organisations, such as Aetna Inc., Epic Systems Corp., and IBM Corp., will accelerate the adoption of these services. For instance, Signify Health obtained Caravan Health in March 2022 with the objective of assisting the business in enhancing its population health management and value-based plan. The services segment is predicted to grow at a lucrative CAGR during the forecast.  The management of healthcare information systems is aided by a number of services provided by businesses, including consultancy, revenue cycle management, optimization, and hosting. It is expected that this will fuel segment expansion.

By Solution

The market is divided into healthcare analytics, healthcare information exchange, revenue cycle management solutions, claims management solutions, electronic health/medical record, population health management solutions, patient engagement solutions, others. In 2022, the population health management solutions accounted for the highest revenue share due to the fact that Integration of care management, EHR, patient management, and payment systems is aided by PHM solutions. On the other hand, the market for healthcare analytics solutions is predicted to expand at the quickest rate over the forecast period. Healthcare analytics offer useful information to enable them to make informed decisions. Additionally, healthcare analytics aids in improved patient outcomes and operational team coordination. In the upcoming years, it is projected that these drivers will accelerate provider adoption of healthcare analytics software.

By Delivery Mode 

The market is segregated into on-premise, web & cloud-based. In the global market, the web & cloud-based segment accounted for the largest revenue share in 2022 owing to number of benefits provided by web- and cloud-based solutions, including better data management, cost effectiveness, and accessibility of data. Additionally, cloud-based technology enables remote hosting of services and applications that can be accessed through the internet. The segment is also predicted to increase at the fastest rate throughout the forecast period due to Due to the enhanced security features, accessibility of cloud-based solutions, and minimal initial outlay of capital, hospitals and healthcare institutions

By End User

The market is divided into payers and providers. In 2022, the healthcare providers segment accounted for the largest revenue share owing to growing use of these solutions by healthcare providers, including hospitals, healthcare institutions, and insurance companies, to offer patients more inexpensive and effective healthcare solutions. Additionally, it is projected that growing provider usage of patient-centric software and solutions, such as electronic software, will fuel category growth. Government and private sector initiatives are expected to increase, which will support segment expansion. For instance, a new Accountable Care Organization was launched by Caravan Health and Blue Cross Blue Shield of North Carolina in November 2020. (ACO). Such initiatives are anticipated to raise payers’ awareness of responsible care solutions.

Regional Markets

In 2022, North America region accounted for the highest revenue in the accountable care solutions market and is expected to maintain its dominance during the forecast period. This is attributed to the widespread adoption of digital technologies and automation in healthcare institution. Increasing number of initiatives and cross-partnerships involving hospitals, insurance companies, and governmental organizations is expected to expand during the forecast period. For instance, a partnership between Community Care Alliance, an accountable treatment organization, and Collaborative Health Systems, a population health management organization, has been announced. This partnership will offer value-based care throughout eastern Utah and Colorado. The region’s growth is also anticipated to be driven by the region’s expanding eHealth platform usage and increasing healthcare spending. For instance, the Australian government increased its spending on healthcare from USD 94.5 billion in 2020–21 to USD 98.2 billion in 2021–2022. It is projected that the additional investment will raise regional demand for accountable care solutions. 

Competitor Insights

Some of the key players operating in the accountable care solutions market are IBM Corp., McKesson Corp., Verisk Health, Inc., Cerner Corp., Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corp., UnitedHealth Group, Zeomega Inc., and Eclinicalworks, LLC.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• In order to expand its portfolio and improve its care offerings in an ambulatory context, NextGen Healthcare acquired Medfusion in November 2019.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including component, solution, delivery mode, and end user from 2023 to 2033.

Report Scope:

Segmentation: Accountable Care Solutions Market Report 2022 – 2033

Component (Revenue, USD Million), 2022 – 2033

• Services
• Software

Solution (Revenue, USD Million), 2022 – 2033

• Healthcare Analytics
• Healthcare Information Exchange
• Revenue Cycle Management Solutions
• Claims Management Solutions
• Electronic Health/Medical Record
• Population Health Management Solutions
• Patient Engagement Solutions
• Others

Delivery Mode (Revenue, USD Million), 2022 – 2033

• On-premise
• Web & Cloud-based

End User (Revenue, USD Million), 2022 – 2033

• Healthcare Payers
• Healthcare Providers

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA