Articles
Global Healthcare Payer Services Market Research Report: Ken Research
by Rati Ram Business DeveloperAccording to study, “Global
Healthcare Payer Services Market Size study, by Service Type (business
process outsourcing services, knowledge process outsourcing services and
information technology outsourcing services) 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 and HR Services) End-user
(private payers and public payers) and Regional Forecasts 2018-2025” the key
companies operating in the global healthcare payer services market are Hinduja
Global Solutions Limited, Exlservice Holdings, Inc., Cognizant Technology
Solutions, Dell, Inc., Accenture PLC, HCL Technologies Ltd., Concentrix
Corporation, Wipro Limited, Hewlett-Packard, Xerox Corporation.
Healthcare payer services are services or solutions
that are outsourced by healthcare insurance providers and payers. They help the
payers to modernize their business processes and deliver better services to
their customers. The services are considered as a successful business model which
mitigates the risk of fraud, administrations, procurement, and develops
cost-effective healthcare processes. They include a huge range of services
which are for the ease and aids of payers, such as estimates costs, payment
gateways, treatment management, and value based healthcare policies &
insurances. The services have increased their web in market owing to increased
breaches & frauds.
Based on service type, healthcare payer services market
is segmented into knowledge process outsourcing services, business process
outsourcing services, and information technology outsourcing services.Business
process outsourcing services are expected to witness largest market owing to
rise in implementation of ICD-10 codes and increase in cost cutting pressure
during the forecast period. Based on application, market is segmented into
member management services, claim management services, provider management
services, analytics & fraud management services, integrated front-end
services & back-offices operations, HR Services and billing & accounts
management services. Claims management services include claims adjudication
services, claims re-pricing, claims settlement, claims indexing services,
information management services, litigation management and claims investigation
services.Claims management segment holds largest share in market due to rise in
number of people enrolling for health insurance. In addition, based in
end-user, market is segmented into public payers and private payers.
The healthcare payer services market is driven by
lack of in-house skilled professionals, followed by growth in technological
advancements, increase in healthcare expenditure, rise in healthcare frauds,increase
in Stringency of Regulatory Healthcare Landscape, rise in digitization of
healthcare processes, increase in availability of services at lower cost,dynamic
nature of health benefit plan designs, increase in insured population and rise
in demand for smart health plan selector tools. However, rising incidences of
data breaches & loss of confidentiality, loss of managerial control and
unforeseen costs associated with outsourcing may impact the market. Moreover,
service portfolio expansion, switching to LCD-10 standards and advanced data
analytics are key opportunities for market.
Based on geography, the North- American region
dominates the healthcare payer services market owing to rise in demand for
integrated healthcare system, lack of low-cost skilled professionals, and
increase in insurance enrollment in the region. Whereas, the Asian-Pacific
region is expected to witness higher growth rate due to growth in improvement
in healthcare infrastructure over the forecast period. In upcoming years, it is
predicted that future of the market will be bright as a result of rise in
number of people opting for healthcare insurance and growth in adoption of
analytics in healthcare during the forecast period. It is anticipated that the
market will be reached at US $37.4 billion by 2025.
For more information on the research
report, refer to below link:-
Global Healthcare Payer Services Market
Related
Reports:-
Global
Healthcare Payer Services Market Report 2019, Competitive Landscape, Trends and
Opportunities
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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About Rati Ram 
Business Developer
173 connections, 3 recommendations, 575 honor points.Joined APSense since, February 12th, 2014, From Gurgaon, India.
Created on Jan 16th 2020 06:55. Viewed 253 times.
