The Global Healthcare BPO Market is expected to reach USD 419.93 billion by 2025, from USD 191.68 billion in 2017, growing at a CAGR of 10.30% during the forecast period of 2018 to 2025.
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Global Healthcare BPO Market By Payer Service (Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Care Management, PDBA, HR Services), By Provider Service (Revenue Cycle Management, Patient Care), By Pharmaceutical Service (Manufacturing Services, R&D Services, Non-clinical Services), By Geography (APAC, Europe, Middle East, Africa, North America & South America) – Industry Trends and Forecast to 2025
Complete report on Global Healthcare BPO Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Healthcare BPO Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the global healthcare BPO market in the next 8 years.
The health care organizations are facing new challenges from an unpredictable global economy, where consumer expectations are growing every day. Major health care providers have been using business process outsourcing (BPO for better processes, speed transactions and reduced costs. Healthcare BPO involves certain job functions, which are done outside a company instead of having an in-house department handling the business operations by healthcare providers, payers and organizations. Healthcare BPO has many advantages like availability of skilled workforce at reduced cost and decrease in training and administrative expense. Moreover, healthcare BPO also provides standard patient care, with reduced cost required for infrastructure.
Healthcare service providers are dealing with many challenges, which hamper their work on administrative level. Invensis, a HIPAA compliant healthcare BPO services provider has offered customized solutions to remove the difficulties of these processes.
Key Questions Answered in Global Healthcare BPO Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Healthcare BPO Market in 2025?
• What are the key factors driving, Analysis by Applications and Countries Global Healthcare BPO Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Healthcare BPO Market?
• Who are Opportunities, Risk and Driving Force of Global Healthcare BPO Market?
• Who are the opportunities and threats faced by the vendors in Global Healthcare BPO Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Healthcare BPO Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Xerox Corporation
- Hinduja Global Solutions
- DSM Pharma
- Cognizant Technology Solutions
- Infinit Healthcare
- AGS Health, Inc
- Omega Healthcare
- Pacific Ventures
- Flatworld Solutions
- Taskforce BPO
- among others.
Major Market Drivers and Restraints:
- Regulatory changes in the US with the implementation of PPACA
- Pressure to reduce rising healthcare costs
- Shift to ICD-10 coding standards and upcoming ICD-11
- Loss of revenue due to billing errors
- Consolidation increasing in the healthcare industry
- Rising need for structured processes and documentations
- Hidden costs of outsourcing
- Fear of losing visibility and control over the business process
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Global Healthcare BPO Market is segmented on the basis of
- Payer Service
- Provider Service
- Pharmaceutical Service
Market Segmentations in Details:
On the basis of Payer Service, the global healthcare BPO market is segmented into claims management, integrated front-end services and back-office operations, member management, product development and business acquisition (PDBA), provider management, care management, billing & accounts management services and HR services
On the basis of Provider Service, the global healthcare BPO market is segmented into revenue cycle management, patient enrolment & strategic planning and patient care. Patient care is further sub segmented into medical transcription, medical imaging and device monitoring.
On the basis of Pharmaceutical Service the global healthcare BPO market is segmented into manufacturing services, R&D services and non-clinical services.
On the basis of Geography,
- North America
- South America
- Middle East & Africa
Company Share Analysis: Global Healthcare BPO Market
The global healthcare BPO market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare BPO market for global, Europe, North America, Asia Pacific and South America.
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