The New report includes a detailed study of Global Healthcare Payer Services Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Healthcare Payer Services Market.
Services that is convinient for patients paying for their medical bills. The high growth is anticipated on account of the increasing demand for advanced technologies to operate business process services in a cost effective way through the implementation of various engagement and contract models. Healthcare payer services are services that are outsourced by healthcare insurance payers and providers. The changing dynamics of the healthcare sector are compelling payers to rethink business models and processes to deal with the competition in the market while providing better quality patient care by streamlining the process, reducing costs, and improving customer communication. These are the major concerns for healthcare payers and to overcome the obstacles, healthcare payers are currently outsourcing this service to healthcare payer service providers.
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Top Key Players in the Market:
United HealthCare Services, Anthem, Aetna, Accenture, Cognizant, Xerox, Genpact
This research report categorizes the global Healthcare Payer Services market by top players/brands, region, type and end user. This report also studies the global Healthcare Payer Services market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The healthcare payer services market is expected to grow due to increasing number of healthcare payer service providers and increasing pressure of cost cutting. The cost of outsourcing healthcare payer service is less compered to in-house payer services. With increasing technological advancement and increasing adoption of analytics in healthcare, and increasing number of people opting for healthcare insurance, the base of customers is growing day by day. This is likely to propel the growth of the market during the forecast period. However, factors such as increasing incidence of cyber theft, i.e., loss of confidential data, and hidden cost associated with outsourcing is expected to hamper the growth of the healthcare payer service market during the forecast period.
The healthcare payer services market has been segmented by service type, application, end-user, and geography. In terms of service type, the market has been categorized into business process outsourcing (BPO), information technology outsourcing (ITO), and knowledge process outsourcing (KPO). Business process outsourcing is expected to account for larger market share due to increasing cost cutting pressure and rising implementation of ICD-10 codes. Based on application, the healthcare payer services market has been segmented into claims management, HR services, billing and accounts management, analytics and fraud management and others. Claims management is expected to account for larger market share due to increasing number of people enrolling for health insurance. Claims calculation is very time consuming and tedious. Outsourcing of claims management to healthcare payers service providers reduces cost and saves time for insurance companies. Based on end users, the healthcare payer services market has been segmented into private payers and public payers.
Market Segment by Type:
Market Segmentation by Application:
Claims Management Services
Integrated Front Office Service And Back Office Operations
Member Management Services
Provider Management Services
Billing And Accounts Management Services
Analytics And Fraud Management Services
The report provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World in Global Outlook Report with Market definitions, classifications, manufacturing processes, cost structures, development policies and plans.
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In this study, the years considered to estimate the market size of Healthcare Payer Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2026
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Influence of the Healthcare Payer Services market report:
- Comprehensive assessment of all opportunities and risk in the Healthcare Payer Services market.
- Healthcare Payer Services market recent innovations and major events.
- Detailed study of business strategies for growth of the Healthcare Payer Services market-leading players.
- Conclusive study about the growth plot of Healthcare Payer Services market for forthcoming years.
- In-depth understanding of Healthcare Payer Services market-particular drivers, constraints and major micro markets.
- Favourable impression inside vital technological and market latest trends striking the Healthcare Payer Services market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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