Market Segmentation
The U.S. healthcare systems are overworked because of several factors, including rising healthcare costs, decreasing reimbursement, a large senior population, rising demand for healthcare facilities, and an increase in the prevalence of chronic illnesses like diabetes, obesity, and cardiovascular disease brought on by sedentary lifestyles, hypertension, poor eating habits, and sleeplessness. Furthermore, the nation's adoption of integrated delivery networks is being propelled by the rising demand for high-quality healthcare at more reasonable costs. The Population Reference Bureau forecast in July 2019 that by 2060, there will be 95 million Americans aged 65 or above, twice the expected 52 million in 2018. Furthermore, it is projected that the proportion of the population that is 65 years of age or older will increase from 16% to 23%. In 2020, the National Diabetes Statistics reported that 34.2 million Americans across all age groups or 10.5% of the total population-had diabetes in 2018. This has increased market demand by causing a boom in the need for high-quality care at reasonable prices.
The advantages that IDNs bring to providers are numerous and include enhanced bargaining power with health insurers, leading to increased profitability and financial performance, and integrated care, which includes increased efficiency and the capacity to generate economies of scale & scope. Better coordination between hospitals, doctors, and post-acute providers-including information exchange through medical records accessible at all point-of-care centers-allows vertically integrated health systems to provide customers with full "one-stop shop" care mechanisms. Further encouraging the development of IDNs is the possibility that integrated systems, as opposed to individual providers, may embrace finance techniques like pay-for-performance and bundled payments. It is anticipated that vertical integration with healthcare providers and insurance companies would further cut transaction and administrative costs as well as minimize uncertainty resulting from changes in technology and delivery methods. In the American healthcare system, IDNs are growing in popularity mostly due to the shift from volume to value-based treatment. These technologies allow manufacturers the opportunity to engage with hundreds of linked physicians simultaneously instead of one-on-one, and they have the power to affect how doctors treat their patients.
IDNs promote better collaboration between doctors, hospitals, and health plans, leading to all-encompassing, community-based healthcare systems. It is projected that factors including expanding hospital expenditures, rising per capita care spending, and rising physician costs would impede market expansion. The National Academy of Social Insurance stated in February 2015 that lower costs and higher quality resulted from the combination of physician groups and hospitals into IDNs. But because of hospital-physician integration, it increased physician expenses. The study went on to say that IDN flagships are more costly for patients than their major competitors when it comes to per capita medical care spending and Medicare cost per case and total cost of care. For example, flagship hospitals in IDNs with no revenue at risk are 6.8% less expensive than their rivals in the market, while flagships in IDNs with some revenue at risk are 20% more expensive.
This section will provide insights into the contents included in this U.S. integrated delivery network market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Country market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Country market size and forecast for application segments up to 2030
Company financial performance