Global Value Based Care Payment Market Trends And Strategies Of Major Players In The Value Based Care Payment Market 2020
The global value based care payment market is expected to decline from $1.66 billion in 2019 to $1.52 billion in 2020 at a compound annual growth rate (CAGR) of -8.39%. The decline is mainly due to the COVID-19 outbreak that has resulted in losses in attributions, missed outcome metrics, and struggles with reporting requirements. The market is then expected to recover and reach $3.03 billion in 2023 at a CAGR of 25.81%.
The value based care payment market consists of sales of value based care payment services by entities (organizations, sole traders and partnerships) that provide value based care payment in which healthcare providers such as hospitals are paid based on patient`s health outcome, quality, efficiency, cost, and patient experience. Only goods and services traded between entities or sold to end consumers are included.
Request For A Sample For The Global Value Based Care Payment Market Report:
The global value based care payment market is further segmented based on type and geography.
By Models: Accountable Care Organization (ACO), Bundled payments, Patient-Centered Medical Home (PCMH), Pay for Performance (P4P),
By Deployment: Cloud Based, On-Premise, 3) By End User: Providers, Payer.
By Geography: The global value based care payment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Value Based Care Payment Market At:
Trends 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 market. Healthcare cost curve and unnecessary health expenditure have been reduced to almost 5.6% on average due to value based healthcare services.
Value Based Care Payment Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides value based care payment market overviews, analyzes and forecasts market size and growth for the global value based care payment market, value based care payment market share, value based care payment market players, value based care payment market segments and geographies, value based care payment market’s leading competitors’ revenues, profiles and market shares. The value based care payment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.