Increase In Bundle Payments In The Global Healthcare Services Market


Posted October 10, 2018 by srikanthgtbrc

The global healthcare services market was valued at above $7 trillion in 2017. North America was the largest region in the healthcare services market in 2017, accounting for 35% market share
 
Healthcare services deal with medical and remedial care service. Healthcare services also include furnishing medicine, medical or surgical treatment, nursing, hospital service, dental service, optometrical service and other complementary health services.
Healthcare services market in this report is segmented into hospitals and outpatient care centers, physicians and other healthcare practitioners, home healthcare and residential nursing care services, medical and diagnostic laboratories, dental services, residential substance abuse and mental health facilities and Veterinary services.
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The global healthcare services market has been growing in the past years with a CAGR of almost 6%. TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global healthcare services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Bundle payments as the model for financial transactions relating to healthcare are seeing a rapid increase. Bundle payments group all payments a patient makes during a phase of a health condition. They include conditions that require pre- and post-hospital care under a single fee. Bundle payments can help ensure better coordination between physicians, nurses, specialists and acute care providers and will increase the service quality delivered to customers. For example, Arkansas’ Medicaid program has mandatory bundle payment programs in place for ten different conditions, with additional procedures coming into this program each year.
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Companies included in the report are NHS, Davita, Mayo Clinic, Laboratory Corporation of America, and Cleveland Clinic.
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Tags healthcare services global market report , hospitals and outpatient care centers market report , physicians and other health practitioners market report
Last Updated October 10, 2018