Healthcare BPO Market Analysis, Strategic Assessment, Trend Outlook and Bussiness Opportunities 2017-2023

“Healthcare BPO Market 2017”
WiseGuyReports.Com Publish a New Market Research Report On -“Healthcare BPO Market Analysis, Strategic Assessment, Trend Outlook and Bussiness Opportunities 2017-2023”.

 

Global healthcare BPO market estimated to be valued US$ XX Mn in 2017 and poised to grow at CAGR of XX% over 2017-2023. Market for healthcare BPO is projected to reach US$ XX Mn by 2023.

Business Process Outsourcing (BPO) is a process where healthcare providers select the most appropriate third party vendors for some of the specific business procedures. It allows the hospitals and medical professionals to spend their energy and valuable time on patient care rather than doing some paper work in the office.  Healthcare BPO is a solution for clients to adopt intelligent approaches that will support the organization to reduce the cost pressures and increase in the overall productivity. Healthcare BPO market provides various solutions, such as front-end services, customer account setup, billing & account receivables, provider network services, enrollment services, claims services, Medicare services, membership services, and pharmacy benefits management.

Healthcare BPO market is primarily driven by a few key factors such as lack of in-house trained professionals for specific processes, cost-effective availability of workforce, and lack of industry knowledge. The pressure to decrease delivery costs healthcare sector, rise in number of insurance seeking patients, pharmaceutical companies facing patent expiries, consolidation of the healthcare systems and implementation of the ICD-10 codes and lower cost of manufacturing in developing countries are the major drivers for the healthcare BPO market. However, with the ongoing trends in the healthcare BPO, customers face challenges in data security & reliability, increasing regulatory compliance, and handling huge amount of healthcare data, fear of losing the control over many outsourced process, probability of decreased quality of services or products, and insecurity for the data are the factors anticipated to hamper the healthcare BPO market growth.

 

Get a Sample Report@  https://www.wiseguyreports.com/sample-request/2727417-global-healthcare-bpo-market-market-estimation-dynamics-regional-share-trends

For more information or any query mail at sales@wiseguyreports.com

Healthcare BPO market is segmented on the basis of provider services, payer services, pharmaceutical services, end users, and geographical regions.

Healthcare BPO Market by provider services:

Medical Billing 
Medical Coding 
Medical Transcription 
Finance & Accounts

Healthcare BPO Market by payer services:

Integrated Front-end Services and Back-office Operations 
Provider Management 
Claims Management 
Billing and Accounts Management 
HR 
Analytics and Fraud Management 
Member Management

Healthcare BPO Market by pharmaceutical service:

Manufacturing 
Research and Development 
Non-clinical Services 
Sales and Marketing 
Supply Chain Management and Logistics 
Other Non-clinical Functions 
HR 
Finance and Accounts 
IT

Healthcare BPO Market by end-user:

Hospital 
Dental Clinics 
Public Service 
Others

The major factor that drives the growth of healthcare BPO is increase in development of healthcare IT. Furthermore, new business models & processes and increase in use of digital technologies in healthcare are driving the growth of healthcare BPO market. Globally healthcare BPO market is expected to grow with a significant CAGR from 2016 to 2027. Rise in geriatric population is expected to be major factor, owing to the susceptibility to several health issues which includes respiratory disorders, cardiovascular diseases (CVD), eye care problems, orthopedic disorders, cancers etc. and rise in the prevalence rate of those diseases led to the increased amount of work for insurance companies. Hence, in order to handle that much of data about huge pool of patients and data of the payer companies need to invest in technology, skilled personnel and infrastructure which led to high operational cost which is anticipated to accelerate the healthcare payer BPO market.  Shift from the ICD-9 to ICD-10 coding system posed heavy workload for payers in order to up gradation of their systems, training of staff in turn increases the financial burden. The ICD-9 code system had 13,000 codes, while ICD-10 code system has nearly 68,000 codes. This variation augmented need for HR, accounting, medical coding, skilled personnel and technical operations, hence anticipated to propel the growth of the healthcare BPO markets.

Based on geography, the healthcare BPO market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Currently, North America accounts a leading position in the healthcare BPO market followed by Europe. The major driving factors that have driven the growth of the healthcare BPO market in these regions are steadily increase in changes of regulatory scenario, pressure on healthcare institutions to reduce costs and rising trends for healthcare IT, big data and cloud computing. In the forecast period, Asia-Pacific region is expected to show remarkable growth in the healthcare BPO market as it is developing at a very rapid pace and has shown the emergence of many regional players. The factors that would fuel the growth of healthcare BPO market in Asia-Pacific are increasing awareness regarding various healthcare IT solutions, increase in the number of key players and rapid development in the healthcare infrastructure across the Asian countries.

Some of the top players operating in the healthcare BPO market are  IQVIA, HCL Technologies Limited, Accenture, Eli Global, IBM Corporation, Genpact Limited, Parexel, Sutherland, Hewlett-Packard Inc., Truven Health Analytics,  United Health Group, Cognizant, Lonza Group Ltd, Accretive Health, Inc., Tata Consultancy Services Ltd, Xerox Corporation, Infosys Limited., and many others.

In March 2017, WNS (Holdings) Limited, acquired. Health Help, which provides benefits management across several key specialty healthcare areas, including Pain Management, Oncology, Cardiology, Orthopaedics Sleep Care and Radiology

In October 2016, IMS Health Holdings, Inc. merged with Quintiles Transnational Holdings Inc. to form Quintiles IMS Holdings

Report Outline:

The report provides granular level information about the market size, regional market share and forecast from 2017-2023 
The report covers in-detail insights about the competitor’s overview, key findings and their key strategies 
The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry 
The report tracks recent innovations, key developments and startup’s details that are working in the industry 
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

 

Ask Query @    https://www.wiseguyreports.com/enquiry/2727417-global-healthcare-bpo-market-market-estimation-dynamics-regional-share-trends

 

Table Of Contents – Major Key Points

1. Executive summary 

2. Global Healthcare BPO Market Introduction 
    2.1. Global Healthcare BPO Market– Taxonomy 
    2.2. Global Healthcare BPO Market–Definitions 
      2.2.1. Provider Services 
      2.2.2. Payer Services 

3. Global Healthcare BPO Market Dynamics 
    3.1. Drivers 
    3.2. Restraints 
    3.3. Opportunities/Unmet Needs of the Market 
    3.4. Trends 
    3.5. Global Healthcare BPO Market Dynamics – Factors Impact Analysis 
    3.6. Global Healthcare BPO Market– Regulations 
      3.6.1. U.S 
      3.6.2. Europe 
      3.6.3. Japan 
    3.7. Global Healthcare BPO Market– Recent Product Launches 

4. Global Healthcare BPO Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 
    4.1. Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn) 
    4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) 
    4.3. Market Oppurtunity Analysis 

5. Global Healthcare BPO Market, By Provider Services, 2012 – 2016 and Forecast, 2017 – 2023 
    5.1. Medical Billing 
      5.1.1. Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn) 
      5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
      5.1.3. Market Opportunity Analysis 
    5.2. Medical Coding 
      5.2.1. Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn) 
      5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
      5.2.3. Market Opportunity Analysis 
    5.3. Medical Transcription 
      5.3.1. Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn) 
      5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
      5.3.3. Market Opportunity Analysis 
    5.4. Finance & Accounts 
      5.4.1. Market Analysis, 2012 – 2016 and Forecast, 2017 – 2023 (Revenue, USD Mn) 
      5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
      5.4.3. Market Opportunity Analysis 

Continue…….

Buy 1-User PDF @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=2727417

For more information or any query mail at sales@wiseguyreports.com

ABOUT US:

Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories.

Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: sales@wiseguyreports.com
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: www.wiseguyreports.com