Patient-centered care ensure that the patients are part of decision-making along with other stakeholders involved in care. Technologies are built for transfer of personalized data and interactions prompted by the patient and managed by both the patient and provider. The government makes payments to healthcare providers is based on the healthcare outcome to improve quality, reduce costs and safety. The advanced technology and infrastructure support built around the healthcare for seamless transfer of data is helpful in taking quick decision making and reduce the costs. The patient-centric care allows to identify the underlying driving costs of each of the allocated resources.
Big data is considered as the fast-emerging topic in the analytics. The demand for big data analytics integrates most recent innovation in machine learning, logical methodologies, computational intelligence and data mining. Many of the healthcare experts including payers, providers are now starting to analyze big data to obtain detail knowledge. These efforts would collectively help to tackle the industry related problems regarding inconsistency in healthcare quality and escalating healthcare expenditures. The improvement in the quality of people's daily health and life activities as well as big data analytics to support and promote such research activities are some of the factors driving the market growth.
Key Market Trends
Cloud Based Segment is Expected to Show Better Growth in the Forecast Years
Based on the deployment, it is segmented into on-premise and cloud-based. The cloud-based segment is expected to show better growth during the forecast period, owing to the increasing adoption of cloud platforms. The market is driven by the rising application of cloud analytics as it allows organizations to incorporate data from all sources. The accountable care organizations were set up in an attempt to improve care and reduce growing costs.
In addition, the rising demand for healthcare analytics and electronic health record in healthcare and cloud computing acceptance across various industries is expected to have a positive effect on the accountable care solutions market.
North America Dominates the Accountable Care Solutions Market
The healthcare infrastructure in the North America region is expected to reflect positive trends in the market, owing to factors such as technological advancements, high requirement of management of big data generated from hospitals and other healthcare facilities. In United States the government wants all the hospitals to adopt an accountable care model which helps aligning all the physicians across care settings. With this model, care can be provided in a cost-efficient manner and improve population health.
Furthermore, the growing popularity of software in the management of data reduces the manpower leading to increased adoption of accountable care solutions. Hence, the rising demand of advanced technologies across various verticals is expected to enhance the growth of the studied market.
The global players in the accountable care solutions market are – Allscripts Healthcare Solutions, Athenahealth Inc., Cerner Corporation, Constellation Software, Eclinicalworks, LLC, Epic Systems Corporation, Mckesson Corporation, UnitedHealth Group Incorporated, Verisk Analytics, Inc and ZeOmega, Inc. The companies in this market are adopting various strategies such as partnerships, collaboration, mergers and acquisitions, expansion and product deployment to proliferate their share and create a strong position in the global market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support