Responsible care solutions market size worth $49.3 billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, October 24, 2022 /PRNewswire/ — The size of the global responsible care solutions market is expected to reach $49.3 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to grow at a CAGR of 11.5% during the forecast period. Responsible care solutions help proactively identify chronic conditions in patients, helping to significantly reduce hospital stays and healthcare costs. This is a key factor driving the demand for responsible care solutions. The growing number of Responsible Care Organizations (ACOs) offering services at significantly lower costs is expected to increase the adoption of these solutions, which will positively impact the growth of the industry.

Key industry insights and findings from the report:

• In 2021, the software segment led the industry due to the use of software to streamline workflows and provide better patient care and safety.
• In 2021, the population health management (PHM) solutions segment accounted for the maximum share due to growing demand as these solutions help reduce healthcare costs and hospital readmissions.
• In 2021, web and cloud-based segment dominated the global industry owing to better availability and cost-effectiveness of services offered by web-based and cloud-based solutions.
• In 2021, the healthcare provider segment held the largest share of revenue owing to the growing adoption of responsible care solutions to provide better healthcare services to patients at reduced costs.
• North America led the global industry in 2021 owing to higher adoption of digital solutions and automation in healthcare facilities.
• The growing number of initiatives undertaken by major players is expected to drive the growth of the region over the coming years.

Read the full 100-page market research report for more insights, “Responsible Healthcare Solutions Market Size, Share and Trend Analysis Report by Component (Software, Services), By End User (Healthcare Providers, Healthcare Payers), By Solution (PHM, RCM), By Delivery Mode and Forecast By Segment, 2022 – 2030″, published by Grand View Search.

Responsible care solutions market growth and trends

For example, according to an article by Fierce Health in January 2022the number of ACOs participating in the Medicare Shared Savings Program (MSSP) in the WE increased to 483 in 2022 from 477 in 2021. The article also indicates that the number of Medicare beneficiaries receiving care from an MSSP ACO provider has reached more than 11 million as of January 2021. Moreover, the additional features offered by responsible care solutions, such as telehealth services, which help patients receive care remotely via their phone or computer, are expected to increase the adoption of these solutions. For example, in March 2022, Collaborative health systemsa population health management agency, and Community Care Alliancea responsible care organization, a company has announced.

Through this venture, they will provide value-based care in rural areas Colorado and oriental Utah. The company aims to reduce health care costs for Medicare beneficiaries by operating Medicare ACOs and entering into value-based contracts with Medicare Advantage organizations. The company has the prospect of reaching 20,000 patients and several other populations not covered by health insurance. In addition, the growing number of partnerships and joint ventures between insurance companies and healthcare providers to improve revenue streams and offer healthcare services at lower cost through the adoption of COA is expected to increase. the growth of the sector. For example, in 2020, according to the Medicare and Medicaid Service CentersACOs participating in the MSSP achieved shared savings of approximately $2.3 billion.

It helped Medicare save $1.9 billion. In addition, various government initiatives undertaken to increase the cost effectiveness of healthcare operations through the implementation of e-health, electronic health records (EHRs) and revenue systems to deliver better patient care and provide solutions patient-centric are expected to drive the industry growth during the forecast period. For example, according to a HealthIT.gov article, published in 2021, 86% of general non-federal acute care hospitals had adopted EHR systems.

Responsible care solutions market segmentation

Grand View Research, Inc. has segmented the global responsible care solutions market on the basis of component, solution, mode of delivery, end user and region

Responsible Care Solutions Market – Component Outlook (Revenue, USD Million, 2016-2030)

Responsible Care Solutions Market – Outlook (Revenue, USD Million, 2016 – 2030)

• Electronic health/Medical Records
• Healthcare Analytics
• Revenue Cycle Management (RCM) Solutions
• Patient Engagement Solutions
• Population Health Management (PHM) Solutions
• Claims management solutions
• Healthcare Information Exchange (HIE)
• Others

Responsible Care Solutions Market – Delivery Mode Outlook (Revenue, USD Million, 2016-2030)

• Web and cloud based
• On the site

Responsible Care Solutions Market – End-User Perspectives (Revenue, USD Million, 2016-2030)

• health care providers
• Health Care Payers

Responsible Care Solutions Market – Regional Outlook (Revenue, USD Million, 2016-2030)

• North America
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Asia Pacific
• Japan
• China
• India
• Australia
• Singapore
• Latin America
• THING
• South Africa
• Saudi Arabia
• United Arab Emirates

List of Responsible Care Solutions Market Key Players

• Cerner Corp..
• IBM Corp.
• UnitedHealth Group
• Aetna, Inc.
• Allscripts Healthcare Solutions, Inc.
• Epic Systems Corp.
• McKesson Corp.
• Zeomega Inc.
• Verisk Health, Inc.
• Eclinicalworks, LLC

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About Grand View Search

Grand View Search, WEmarket research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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