Scope of the Study
Bundled payments are the applications of value-based reimbursement model which aims to reduce health care provider costs and maintain quality. Bundled pay management software offers this type of reimbursement. This solution leverages financial data analysis and population health analytics to inform hospitals about value-based reimbursement strategies, reduce wasteful or unnecessary services, and ensure that patients are being treated optimally and in a cost-effective manner. Bundled pay management software is used by clinical administrators and insurance providers to lessen the financial responsibility on payers.
The market study is being classified, by Application (Hospitals, Specialty Clinics and Others) and major geographies with country level break-up.
HealthQx (United States), OptumRx (United States), Archway Bundled Payment Platform (United States), Dynafios Bundled payment services (United States), Episode manager (United States), Prometheus bundled pay (United States), Remedy partners (United States), Sift healthcare (United States), Vizient (United States) and Change Healthcare (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Navi Health, Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bundled Pay Management Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Bundled Pay Management Software market by Type, Application and Region.
On the basis of geography, the market of Bundled Pay Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Improvement in healthcare outcomes and lower costs
- Benefits such as effective clinical and financial management
- Simplification of bundled payment methodologies
- Large upfront costs which includes staff training, data analytics
- Challenges associated with coordination with other organisations
- Investments by health systems for changing health patterns
- Complexity involved in tracking patients
- Lack of awareness about the bundled payments
On January 2018, CMS has launched advanced APM focused on bundled payments. Under this model, providers will have an incentive to deliver high-quality care.
Key Target AudienceBundled pay management software, Hospitals, Clinics, Government associations, Research organisations, software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase