Value Based Care Payment Market Demand, Growth Prediction, Segments And Outlook By 2033

The value based care payment market size has grown rapidly in recent years. It will grow from $2.47 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in healthcare expenditure, growing usage of digital healthcare infrastructure and a rapid development in value-based health care services..

The value based care payment market size is expected to see rapid growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to an increase in the aging population, growth of the middle-class in emerging markets and a rising prevalence of chronic diseases will drive the growth.. Major trends in the forecast period include focus on low-code platforms for value-based care, strategic mergers and acquisitions, implementation of optimal care management strategy, remote patient monitoring as a reimbursable initiative for valued based care and an increase in bundle payments. .

Market Overview -
A value-based care payment is a type of payment that compensates providers for both efficiency and effectiveness by linking payments for care delivery to the level of care they deliver. Value-based care payment is a system in which healthcare providers such as hospitals are paid based on patient's health outcome, quality, efficiency, cost, and patient experience.

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Value-Based Healthcare Services Revolutionize The Healthcare Landscape, Driving Growth In The Value-Based Care Payment Market
Rapid development in value-based health care services is expected to contribute to the tremendous growth of the value-based care payment market. Healthcare cost curve and unnecessary health expenditures have been reduced to almost 5.6% on average due to value-based healthcare services. UnitedHealth predicted that $75 billion of its payments to medical care providers will be attached to value-based care relationships. Likewise, the quantity of Accountable Care Organizations (ACO) is expanding, giving more protection and inclusion. For example, according to the analysis in the Journal of Health Affairs, there were more than 1,000 ACOs spread across the USA, which represented more than 1,400 contracts with commercial and government insurers covering more than 32 million Americans. Therefore, rapid expansion in value-based health care services is driving the value-based care payment market demand by increasing the effective usage of services provided to customers focusing on value-based care model rather than the fee-for-service model.

Competitive Landscape -
Major companies operating in the value based care payment market report are McKesson Corporation, Change Healthcare, Premier Inc, NextGen Healthcare Inc, FinThrive, Inc, Unitedhealth Group Inc, Edifecs, Nuna Inc, OM1, Relias, Apollo Specialty Hospital, National Hospital Organisation Medical Center, National Cancer Center Hospital, Tata Memorial Hospital, Phoenix Healthcare Group, JD Health, Alibaba Health Information Technology Ltd, Ping An Healthcare And Technology Co. Ltd., Tencent Holdings Ltd, Wedoctor Holdings (Zhejiang) Co. Ltd., Huma, Cera, Lumeon, Helios Gesundheit, University Clinic Heidelberg (Universittsklinikum Heidelberg), Leiden University Medical Center, Doctorlink, Cigna, GE Healthcare, Siemens Medical Solutions USA, Inc., Etyon Health, Fresenius Medical Care, Medtronic PLC, 3M Healthcare Service Group, F. Hoffmann-La Roche AG, Dickinson And Company, Acelity L.P., Dupatri, Vibe Saúde, Célebre Corretora, Butterfly, Plim, Guepardo Sistemas, LUMC, Afya Ltd, Glic, Iclinic Desenvolvimento De Software Ltda, Glucare Integrated Diabetes Center, Clalit Health Services, Nextstep People Solutions, Athena Health.

Rising Trend Of Value-Based Care Partnerships A Collaborative Approach For Improved Patient Outcomes
Partnerships in value-based care are gaining popularity among the providers as these partnerships allow partners such as manufacturers, payers, and provider organizations to co-develop programs, solutions, and initiatives collaboratively for the benefit of patients and healthcare systems. Value-based partnerships assist with conveying the highest value incentive to the healthcare system and society by concentrating on improving patient results with regard to the system and societal total costs. For instance, in June 2021, Humana, a US-based health insurance company acquired value-based home healthcare partner One Homecare Solutions (onehome) from WayPoint Capital Partners to enhance value-based care in home healthcare services.

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Key Segments -

The value based care payment market covered in this report is segmented -

1) By Model: Accountable Care Organization (ACO), Bundled Payments, Patient-Centered Medical Home (PCMH), Pay For Performance (P4P)
2) By Deployment Type: Cloud Based, On-Premise
3) By End User: Providers, Payer

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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