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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.
HEALTHCARE Services Market TO GROW TO $8.4 TRILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
The Business Research Company expects the Healthcare Services market to grow to $8.4 trillion in 2020. The Americas was the largest region in the healthcare services market in 2016, accounting for almost half of the market.
The chart below shows the year-on-year growth of the global healthcare services market during 2016 - 2020.
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