Global Healthcare Payer Services and Solutions Market Landscape 2019-2025 by Trends, Business Processes, Service Providers, Investments and Value Chain
Research report on global healthcare payer services and solutions market with forecast 2019-2025 provides statistics, facts, and figures on top companies, investments, value chain, development strategies, and regional demand,
Manhattan, United States – February 27, 2019 /MarketersMedia/ —
Market Research Report on “Global Healthcare Payer Services Market 2019-2025”:
Global healthcare payer services market to reach USD 37.4 billion by 2025. Global healthcare payer services market is valued at approximately USD 14.9 billion in 2017and is anticipated to grow with a healthy growth rate of more than 12.2 % over the forecast period 2018-2025. Vigorously changing reforms for healthcare such as technological advancements, rising healthcare expenditure are convincing payers to re-design their business models and processes for sustainable operational excellence while certifying excellent quality patient care. Since these payers solutions enables maximize customer service and derive operational excellence for the healthy patient experience and relationship. Thus, growing needs to improve patient care is anticipated to supplement the growth of the healthcare payer services market over the forecast period of 2018-2025.
Browse the report on Global Healthcare Payer Services Market: http://www.arcognizance.com/report/global-healthcare-payer-services-market-size-study-by-service-type-business-process-outsourcing-services-knowledge-process-outsourcing-services-and-information-technology-outsourcing-services-application-end-user-and-regional-forecasts-2018-2025
The healthcare payer services market is significantly driven by increasing healthcare frauds. According to the Coalition against Insurance Fraud Organization, in year 2015 scams against private and government healthcare insurers forms the largest type of insurance fraud. According to the Coalition against Insurance Fraud Organization, healthcare frauds are likely to steal approx. $10 billion per year. In year 2015, approx. 478 healthcare frauds are reported which directly generates the need for the healthcare payer services across the globe. As healthcare payer services are considered as a successful business model that mitigates the risk of fraud, procurement, administrations and develops cost-effective healthcare processes. As a result, the demand and adoption of healthcare payer services would increase thereby, aiding the growth of the market across the forecast period. Furthermore, the advent of advanced data analytics offers lucrative growth prospects for the healthcare payer services market. However, rising incidences of data breaches and concerns related to confidentiality is expected to hinder the growth of the market during the forecast period.
On the basis of segmentation, the healthcare payer services market is segmented into service type, application and end-users. The service type segment of global healthcare payer services market is classified into business process outsourcing services, knowledge process outsourcing services and information technology outsourcing services. Based on application segment, the market is diversified into claim management services, member management services, provider management services, integrated front-end services and back-offices operations, analytics and fraud management services, billing and accounts management services and HR Services of which claim management is expected to dominate the market owing to the increasing number of people enrolling for health insurance. The end-user segment includes public payers and private payers.
The regional analysis of healthcare payer services market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in healthcare payer services market owing to the lack of low-cost skilled professionals, rising demand for integrated healthcare system along with the rising insurance enrollment. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific is witnessed owing to countries such as India, China, Vietnam, Singapore, Malaysia, Philippines are involved in outsourcing activities. Also, improving healthcare infrastructure is also expected to supplement the growth of Asia-Pacific region over the forecast period.
The leading market players include-
Cognizant Technology Solutions
Accenture PLC
Exlservice Holdings, Inc.
Concentrix Corporation
Hinduja Global Solutions Limited
Hewlett-Packard
Dell, Inc.
Xerox Corporation
HCL Technologies Ltd.
Wipro Limited
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The detailed segments and sub-segment of the market are explained below:
By Service Type:
Business Process Outsourcing Services
Knowledge Process Outsourcing Services
Information Technology Outsourcing services
By application:
Claim Management services
Member Management services
Provider management services
Integrated Front-end services and back-offices operations
Analytics and fraud management services
Billing and accounts management services
HR Services
By End-user:
Public Payers
Private Payers
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa
Market Research Report on “Global Healthcare Payer Solutions Market 2019-2025”:
Global Healthcare Payer Solutions Market to reach USD XX billion by 2025. Global Healthcare Payer Solutions Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Healthcare Payer Solutions Market is continuously growing across the world over the coming years. Healthcare payer solution is a strategic systematic plan that offers a broad range of innovative and cost-effective healthcare solutions to improve operational efficiency and to reach the ultimate goal of health care transformations across the globe. Surging demand for streamlined business workflow, rise in healthcare fraud owing to outsourcing and escalating utility of customer services due to adoption of cost effective solutions for healthcare payers are the substantial driving factors of the market across the world.
Browse the report on Global Healthcare Payer Solutions Market: http://www.arcognizance.com/report/global-healthcare-payer-solutions-market-size-study-by-service-type-business-process-outsourcing-information-technology-outsourcing-knowledge-process-outsourcing-by-application-by-end-user-and-regional-forecasts-2018-2025
Furthermore, development of health benefit plan designs for the individuals is the major factor which creating numerous opportunity in the market over the coming years. However, administrative control breakdown, increasing incidence of cyber theft and loss of privately data are the factors which limit the market growth and demand of healthcare payer solution across the world.
The regional analysis of Global Healthcare Payer Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing technological advancements and rising number of people opting healthcare insurance in the region. Europe is the second largest region to grow at significant rate in the global Healthcare Payer Solution market due to enhanced digitalization of healthcare process in the region. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to availability of services at lower cost and increasing healthcare infrastructure in the developing countries such as China, India and Japan.
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The major market player included in this report are:
Cognizant Technology Solutions
Accenture PLC
Xerox Corporation
Concentrix Corporation
HP Corporation
Hexaware Technologies Ltd.
First Source Solutions Limited
Wipro Limited
Contact Info:
Name: Matt Wilson
Email: Send Email
Organization: Analytical Research Cognizance
Address: 100 Church street, 8th floor, Manhattan, New york, 10007
Phone: +1 (646) 434-7969
Website: http://www.arcognizance.com/report/global-healthcare-payer-services-market-size-study-by-service-type-business-process-outsourcing-services-knowledge-process-outsourcing-services-and-information-technology-outsourcing-services-application-end-user-and-regional-forecasts-2018-2025
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