Healthcare Claims Management Market – Future Revenue Growth Boosting Trends

PUNE, India, 2021-Jul-12 — /EPR Network/ —

Objectives of the Study:

  • To define, describe, segment, and forecast the Healthcare Claims Services Market by component, delivery mode, type, end user, and region.
  • To provide detailed information about factors (drivers, restraints, opportunities, and challenges) influencing healthcare claims management market growth.
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
  • To forecast the size of the healthcare claims management market segments with respect to North America, Europe, Asia, and the Rest of the World (RoW).
  • To strategically analyze the market structure and profile the key players of the global healthcare claims management and comprehensively analyze their core competencies.
  • To track and analyze competitive developments such as agreements, collaborations, and partnerships; product deployments, product launches, and enhancements; acquisitions; and expansions in the healthcare claims management market.

Expected Growth in Revenue:

The global healthcare claims management market was valued at USD 10.16 billion in 2017 and is projected to reach USD 13.93 billion by 2023, at a CAGR of 5.3% during the forecast period. Base year considered for the report is 2017 and the forecast period is 2018–2023.

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Major Growth Boosting Factors:

The key factors driving the growth of Healthcare Claims Services Market are increasing patient volumes, expanding health insurance market, growing importance of denials management, and declining reimbursement rates.

Target Audience:

  • Healthcare insurance companies/payers
  • Healthcare IT service providers
  • Healthcare institutions/providers
  • Venture capitalists
  • Healthcare BPO Vendors
  • Healthcare KPO Vendors
  • Government bodies
  • Corporate entities
  • Accountable care organizations

Research Methodology Followed in This Study:

Top-down and bottom-up approaches were used to validate the size of the global healthcare claims management market and estimate the size of other dependent submarkets. Various secondary sources such as associations like the World Health Organization, Centers for Disease Control and Prevention, American Society for Metabolic and Bariatric Surgery, International Federation for the Surgery of Obesity And Metabolic Disorders, European Association for the Study of Obesity, Australian Institute of Health and Welfare, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of healthcare claims management market.

By end user, the healthcare payers segment is expected to command the largest share of the market in 2018

On the basis of end user, the Healthcare Claims Services Market has been segmented into healthcare payers, healthcare providers, and other end users. The payers segment is expected to command the largest share of the market in 2018. The large share of this segment can be attributed to the mandate for insurance companies to meet the regulatory requirements and reduce unnecessary penalties and punishments.

North America to dominate the market in 2018

North America is expected to account for the largest share of the healthcare claims management market in 2018, followed by Europe. The large share of North America can be attributed to the high and growing HCIT investments in the region and the presence of regulatory mandates favoring the implementation of healthcare claims management solutions. Also, several major global players are based in the US, owing to which the US has become a center for innovation in the healthcare claims management solutions market.

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Key Players:

Cerner Corporation (US), McKesson Corporation (US), athenahealth (US), eClinicalWorks (US), Optum, Inc, (US), Conifer Health Solutions (US), and nThrive (US) are the key players in the Healthcare Claims Services Market. Other players involved in this market are DST Systems (US), Cognizant Technology Solutions (US), Allscripts Healthcare Solutions, Inc. (US), Context 4 Healthcare (US), Health Solutions Plus (US), GE Healthcare (US), RAM Technologies (US), Quest Diagnostics (US), The SSI Group (US), PLEXIS Healthcare Systems (US), and GeBBS Healthcare Solutions (US).

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