Press release
Value Based Care Payment Market 2023-2032: International Expansion, Global Trends, Industry Share And Major Players | McKesson Corporation, Change Healthcare, Premier Inc, NextGen Healthcare, Inc, FinThrive, Inc
As per The Business Research Company's Value Based Care Payment Opportunities And Strategies Market Report 2023, The global value-based care payment market reached a value of nearly $2,199.3 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.8% since 2017. The market is expected to grow from $2,199.3 million in 2022 to $3,730.1 million in 2027 at a rate of 11.1%. The market is then expected to grow at a CAGR of 10.3% from 2027 and reach $6,080.1 million in 2032.Government support is expected to drive the growth of the value-based care payment market going forward. Growing government efforts to raise public awareness of the items that are offered are affecting the market's overall expansion. For instance, in June 2022, Dubai Health Authority (DHA) and its health insurance regulatory body have launched a "first-of-its-kind" digital-led program that is expected to form the foundation for value-based healthcare adoption in the emirate. Further, the United Arab Emirates (UAE) has introduced a prospective payment system to improve efficiency and enable performance comparisons across different hospitals. Therefore, government support is expected to contribute to the value-based care payment market expansion.
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Companies in the value-based care payment market are exploring remote patient monitoring to increase revenue through the value-based care payment model. Remote patient monitoring (RPM) can work as a powerful resource in the form of technology to mitigate pressure and help clinicians provide high-quality care and enable patients to take a more active role in their health. Virtual health or technology and RPM have the ability to shift the nature of patient and provider interactions to a more profound relationship, and allow the span of care to be more holistic. For example, in 2019, Centers for Medicare and Medicaid Services (CMS), a US based federal agency, introduced RPM as a reimbursable initiative and an introduction for many providers into virtual care. Further, in 2020, Centers for Medicare and Medicaid Services (CMS) released rules for providers using remote patient monitoring under the following Current Procedural Terminology (CPT) Codes: CPT 99453, CPT99454, and CPT 99457.
The top opportunities in the value-based care payment market segmented by model will arise in the patient-centered medical home (PCMH) segment, which will gain $868.2 million of global annual sales by 2027. The top opportunities in the value-based care payment market segmented by deployment will arise in the cloud-based segment, which will gain $1,351.9 million of global annual sales by 2027. The top opportunities in the value-based care payment market segmented by end user will arise in the providers segment, which will gain $837.2 million of global annual sales by 2027. The value-based care payment market size will gain the most in the USA at $944.8 million.
Value Based Care Payment Market Segmentation:
The Value Based Care Payment Market is segmented by model, by deployment and by end user
By Model -
The value-based care payment market is segmented by model into
a) Accountable Care Organization (ACO)
b) Bundled Payments
c) Patient-Centered Medical Home (PCMH)
d) Pay For Performance (P4P)
By Deployment -
The value-based care payment market is segmented by deployment into
a) Cloud Based
b) On-Premise
By End User -
The value-based care payment market is segmented by end user into
a) Providers
b) Payer
Major players in the Value Based Care Payment Market include McKesson Corporation, Change Healthcare,Premier Inc, NextGen Healthcare, Inc, FinThrive, Inc
The regions covered in the global Value Based Care Payment Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Value Based Care Payment Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Value Based Care Payment Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Value Based Care Payment Market, Conclusions And Recommendations
22. Appendix
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