Healthcare spending in North America has been on the rise due to a range of initiatives taken by government in different parts of the region such as national level insurance coverage in the USA. The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) was signed as a law by President Obama in 2010 to improve the quality and affordability of health insurance in the country. This law focused on reducing the costs of healthcare for individuals and the government. The law offered subsidies and required insurance companies to cover all applicants with minimum standards.
Increase in Bundle Payments was the top trend in the healthcare services market as of 2016. 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.
Scope of the Report
- Markets covered: Hospitals and Outpatient Care Centers, Home Health and Residential Nursing Care Services, Medical and Diagnostic Laboratory Services, Physicians and Other Healthcare Practitioners, Dental Services, Residential Substance Abuse and Mental Health Facilities, Veterinary Services.
- Markets compared: Healthcare Services, Pharmaceutical, and Medical Equipment.
- Companies mentioned: DaVita, Mayo Clinic Scottsdale AZ, Laboratory Corporation of America, Johns Hopkins Medicine, Quest Diagnostics, Inc., Cleveland Clinic, Brookdale Senior Living, M D Anderson Cancer Center, Sonic Healthcare Limited, Encompass home health and others.
- Regions: Americas
- Time series: Five years historic and forecast.
- Data: Ratios of market size and growth to related markets, population, GDP, Healthcare Services Indicators Comparison, Number of Hospitals, Number of Hospital Beds.
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
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