Accountable Care Solutions Market

Accountable care solutions are mainly responsible for maintaining health care quality and cost. The accountable care solution seeks to coordinate and deliver advanced quality health care from doctors to hospitals to other medical professionals. To be operational, an accountable care organization must ensure that high quality health care and advanced proficiency are delivered or not delivered. Components such as imaging, specialty care, clinical & hospital care, laboratory service, and information technology are considered in accountable care solutions. Various aspects such as cost efficiency, quality, and health care are balanced by the accountable care solutions.

COVID-19 Impact Analysis             

COVID-19 is an infectious disease that first emerged in late December in Hubei province of the Wuhan city in China. The virus that causes severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is highly infectious and is transmitted from person to person. Since the outbreak in December 2019, the disease has spread to almost 213 countries across the globe with the World Health Organization declaring it a pandemic on March 11, 2020.

There is an increase in the demand for medical supplies needed for the infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the primarily used medical devices in clinical treatment., COVID-19 has also resulted in significant increase in the demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased among both from the healthcare professionals and the civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have an opportunity to profit from this increased demand for medical supplies to ensure appropriate and consistent supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the accountable care solution market.

Top Impacting Factors

• Increase in cases of chronic diseases, surge in accountable care organizations, rise in geriatric population and focus on value-based medication, and rise in demand for health care analytics are driving factors for accountable care solutions market.
• Furthermore, implementation of government regulations for regulatory approvals, rise in government initiatives to promote patient-centric care, surge in implementation of incentives for the development of health care sector, advancement of big data capabilities & information technology, and emerging markets in developing countries all contribute towards the growth of the accountable care solution market.
• However, high investment required for supporting infrastructure and data security concerns hinder the growth of the market.
• Increased adoption of cloud-based models and government initiatives to increase funding are expected to offer lucrative opportunities for market expansion.

Market Trend

New Key Strategies to Flourish the Market

Optum Inc., a health services innovation company acquired Davita Medical Group, a provider of medical services and an affiliated physician network, in 2019.

NextGen Healthcare an ambulatory care provider acquired OTTO health a virtual visit provider, in 2019.

Key Benefits of the Report

• This study presents the analytical depiction of accountable care solution market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the growth scenario of accountable care solution market.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Accountable Care Solution Market Report    

• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the future projections that would help in taking further strategic steps?
• What is "accountable care solution"?
• What is the prediction of "accountable care solution" market in the future?
• Who are the leading global market players in the "accountable care solution" market?
• What are the current and predicted trends?
• What are the key benefits of the "accountable care solution" market report?

 Accountable Care Solutions Market Report Highlights