According to FutureWise analysis, the market for Per-Encounter Medical is expected to grow with a CAGR of 16% over the forecast period 2023-2031, and reach a market value of US$ 380.30 billion by 2031.
Per-Encounter Medical refers to a type of healthcare service or billing model where a healthcare provider charges a fixed fee for each individual visit or encounter with a patient. This means that regardless of the complexity or duration of the visit, the patient is billed a predetermined amount for that particular visit. This model contrasts other billing methods, such as fee-for-service or capitation. In fee-for-service, healthcare providers bill for each individual service or procedure performed. In capitation, providers receive a fixed payment per patient for a specific period, regardless of the number of visits or services provided. Per-encounter medical billing can be common in settings such as critical care centers, walk-in clinics, or specific procedures that are relatively standardized in terms of time and resources required.
There are different types of products for a per-encounter medical and their application, including consumables; these are products that are meant to be used up or depleted after a single use or within a short period. This could include bandages, syringes, gloves, or other supplies used during a single medical encounter. Also, medical devices are instruments, apparatuses, machines, or implants used to diagnose, treat, monitor, or prevent disease or other conditions. Examples include blood pressure monitors, thermometers, pacemakers, and scanning machines like MRI or X-ray machines. Further, medical software refers to applications or programs designed to assist in managing and delivering healthcare services. This could include electronic health record (EHR) systems, medical imaging software, telemedicine platforms, and other specialized medical software applications.
FutureWise Market Research has published a report that provides an insightful analysis per-encounter medical market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts per-encounter medical market estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.