June 13, 2024
Accountable Care Solutions Market

The Rising Accountable Care Solutions Market is Driving Digital Transformation in Healthcare

The increasing adoption of accountable care solutions is helping healthcare providers transition to value-based care models and drive digital transformation across the industry.
Accountable care solutions enable payers, providers, employers, and individuals to collaborate and focus on preventative care, chronic disease management and overall patient wellness. These solutions incorporate population health management, care management and coordination, and payment models that tie reimbursements to quality and cost-efficiency metrics. Accountable care solutions support integrated care delivery across ambulatory, acute and post-acute settings to improve patient outcomes and reduce the total cost of care. The growing need to curtail healthcare costs and shift focus from volume to value is a key factor driving demand for these solutions worldwide.

The global accountable care solutions market is estimated to be valued at US$ 21.50 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period of 2024 to 2031.

Key Takeaways

Key players operating in the Accountable Care Solutions Market are Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, McKesson Corporation, Verisk Health, ZeOmega, Inc., eClinicalWorks, Inc., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc.
The growing financial and clinical burden of chronic illnesses is a major factor contributing to the increasing demand for accountable care solutions. These solutions help coordinate care for patients with long-term conditions, minimize preventable hospitalizations, and address social determinants of health. Furthermore, initiatives promoting alternative payment models and physician engagement models are expected to further propel market growth over the forecast period.
Geographically, North America dominates the accountable care solutions market owing to favorable government support, initiatives to curb healthcare costs, and heavy investments by public and private organizations in healthcare IT. However, Asia Pacific is anticipated to exhibit the fastest growth in demand for accountable care solutions during the forecast period, driven by rising healthcare expenditure, growing focus on quality care, and increasing digitization across emerging economies in the region.

Market Key Trends

One of the key trends gaining traction in the accountable care solutions market is the integration of artificial intelligence and predictive analytics capabilities. Advanced data analytics helps providers identify high-risk populations, predict outcomes, stratify patient populations, and optimize care pathways. This enables more proactive, preventive care management. Virtual care delivery models are also undergoing rapid adoption amid the COVID-19 pandemic. Accountable care solutions with telehealth and remote patient monitoring functionalities are empowering virtual care coordination and chronic disease management outside of traditional clinical settings. Furthermore, blockchain-based platforms are leveraging distributed ledger technologies to facilitate secure, shared access to clinical and financial data across provider networks involved in value-based arrangements. This supports collaborative, outcome-focused population health approaches.

Porter’s Analysis

Threat of new entrants: The accountable care solutions market requires high upfront investment costs for research, product development and marketing which makes it difficult for new players to enter the market.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of numerous vendors providing similar accountable care solutions. However, switching costs associated with changing vendors prevents them from frequently switching vendors.
Bargaining power of suppliers: Suppliers of IT infrastructure, equipment and software have low bargaining power due to availability of substitute products and suppliers in the market.
Threat of new substitutes: Substitute products and services have low threat as accountable care solutions require specialized software and domain expertise limiting ease of substitution.
Competitive rivalry: Intense due to presence of many established players competing on basis of product differentiation, pricing and customer relationships.

Geographical Regions

North America accounted for the largest share of the global accountable care solutions market in 2024, mainly due to robust IT infrastructure and high healthcare spending in the region.
The Asia Pacific region is expected to grow at the fastest pace during the forecast period, attributable to increasing healthcare expenditures, growing geriatric population, rising prevalence of chronic diseases, and improving healthcare infrastructure in emerging countries such as China and India.

1. Source: Coherent Market Insights, Public sources, Desk research.
2. We have leveraged AI tools to mine information and compile it.