Like many other sectors, healthcare is about to enter a period of rapid change. Longevity and the advance of new technologies and discoveries as well as innovative combinations of existing ones are among the many factors propelling patient empowerment, which is fundamentally changing how we prevent, diagnose, and cure diseases. A shift toward value-based care, an increase in digitalization, improvement ambulatory care, and the growth of consumerism are some of the factors contributing to the growth of healthcare consulting services. Following this trend, the market evolution forecast that the global healthcare consulting services market size is projected to reach $41.4 billion dollar by 2026 at a CAGR of 11.5 percent during the forecast period.
Among the trends that are driving the healthcare consulting industry the shift to value-based care is the most notable. Healthcare systems increasingly move toward value-based healthcare (VBHC), aiming to further improve the quality and performance of care as well as the equitable, sustainable, and transparent use of resources. At present, there is no global consensus on what constitutes VBHC. However, one of the hallmarks of most VBHC programs is the multifaceted approach, which, in addition to clinical outcomes, emphasizes patient-reported quality and performance measures.
To put the spotlight on the key developments, Healthcare Business Review illustrates how companies are leveraging the latest developments in the healthcare industry to give value-based solutions to their customers. This edition also features leadership articles from Jonathan G. Wiik MHA MBA CHFP, VP Health Insights, at FinThrive who discusses revenue management in the healthcare system to overcome challenges.
In this edition of Healthcare Business Review, we also bring the stories of the most successful companies in the healthcare consulting domain. In the list, Ascom particularly stands out for providing global solutions focused on healthcare ICT and mobile workflow solutions. Equally commendable is McCormack Consultants for its deeper understanding and knowledge of products and vendors enabling it to guide clients forward and quickly gain consensus amongst solution providers, implementation teams, and end users. We also bring you stories of Agatha Consulting, CURIS Consulting, Germane Solutions, imallc, Impactivo Consulting, KRK Value Based Consulting, and Survival Strategies who uniquely position themselves in the healthcare consulting space.
Through the following pages, we aim to highlight the innovative trends and latest developments in the healthcare consulting industry. We would like to know your thoughts.