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Global Healthcare BPO Services Market Report 2018-2025: Opportunities with Services Leading with Automation and Analytics

Dublin, Nov. 21, 2018 (GLOBE NEWSWIRE) -- The "Healthcare BPO Services Market to 2025 - Global Analysis and Forecasts by Payer Service; Provider Service; Pharmaceutical Service and Geography" report has been added to ResearchAndMarkets.com's offering.

The global healthcare BPO services is expected to reach US$ 68,198.3 Mn in 2025 from US$ 35,818.9 in 2017. The market is estimated to grow with a CAGR of 8.6% from 2018-2025.

Constant changes in government regulations, mounting pressure on healthcare providers to reduce healthcare costs, rising consolidation in the healthcare BPO industry, the market is expected to witness a significant growth over the forecast years. However, hidden costs of outsourcing and dearth of skilled professionals and researchers can pose major challenges for the growth of global healthcare BPO services market. On the other hand, outsourcing teleradiology services through BPO is expected to be one of the prevalent trend in the global healthcare BPO services market in the years to come.

The healthcare BPO services market as per the payer service is segmented into claims administration, billing, member management, provider management, fraud management, and others. In 2017, the claims administration segment held a largest market share of 61.2% of the healthcare BPO services, by payer service.

This segment is also expected to dominate the market in 2025. This is primarily attributed to the increasing demand for faster, error-free processing and payments, and a better overall customer experience is increasing. The paper claims or traditional claim administration procedures are time consuming and the Healthcare BPO enables the payers to save time and money, and provide better services to their clients by increasing efficiencies throughout the entire claims lifecycle from claims intake to final payment. On the other hand, fraud management is expected to be the fastest growing payer service in the global healthcare BPO services market.

The provider service segment of the healthcare BPO services market includes medical billing, finance and accounts, medical coding and others. Medical billing segment is anticipated to grow at a CAGR of 10.8% during the forecast period. The healthcare BPO offer medical billing services in order to ease the process of billing and the healthcare organizations also gain insight about their cash flow. Thus the medical billing segment in the healthcare BPO market is expected to boost the growth of this market.

Key Topics Covered:

1. Introduction

2. Global Healthcare Bpo Services - Key Takeaways

3. Global Healthcare Bpo Services - Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 Global Healthcare BPO Services - by Payer Service
3.2.2 Global Healthcare BPO Services - by Provider Service
3.2.3 Global Healthcare BPO Services - by Pharmaceutical Service
3.2.4 Global Healthcare BPO Services - by Geography
3.3 Pest Analysis
3.3.1 North America - Pest Analysis
3.3.2 Europe - Pest Analysis
3.3.3 Asia Pacific - Pest Analysis
3.3.4 Middle East and Africa (Mea) - Pest Analysis
3.3.5 South and Central America - Pest Analysis

4. Global Healthcare BPO Services Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Constant Changes In Government Regulations
4.1.2 Mounting Pressure On Healthcare Providers To Reduce Healthcare Costs
4.1.3 Rising Consolidation In the Healthcare BPO Industry
4.2 Key Market Restraints
4.2.1 Dearth of Skilled Professionals
4.2.2 Hidden Costs of Outsourcing
4.3 Key Market Opportunity
4.3.1 Services Leading With Automation and Analytics
4.4 Future Trend
4.4.1 Outsourcing Teleradiology Services

5. Healthcare BPO Services - Global Analysis
5.1 Global Healthcare BPO Services Revenue Forecasts and Analysis (US$ Mn)
5.2 Global Healthcare BPO Services, by Geography - Forecasts and Analysis
5.3 Prominent Players
5.4 Performance of Key Players
5.4.1 Accenture
5.4.2 Ibm
5.5 Expert Opinions

6. Global Healthcare BPO Market Analysis - by Payer Service
6.1 Overview
6.2 Claims Administration Market
6.3 Billing Market
6.4 Member Management Market
6.5 Provider Management Market
6.6 Fraud Management Market
6.7 Others Market

7. Global Healthcare BPO Market Analysis - by Provider Service
7.1 Overview
7.2 Medical Billing Market
7.3 Medical Coding Market
7.4 Finance & Accounts Market
7.5 Others Market

8. Global Healthcare BPO Market Analysis- by Pharmaceutical Service
8.1 Overview
8.2 Global Healthcare BPO Market, by Pharmaceutical Service 2017 & 2025 (%)
8.3 Research & Development Market
8.4 Manufacturing Market
8.5 Sales & Marketing Market
8.6 Supply Chain & Logistics Market
8.7 Others Market

9. North America Healthcare BPO Market Revenue and Forecasts To 2025

10. Europe Healthcare BPO Services Revenue and Forecasts To 2025

11. Asia Pacific Healthcare BPO Market Revenue and Forecasts To 2025

12. Middle East & Africa Healthcare BPO Services Revenue and Forecasts To 2025

13. South and Central America Healthcare BPO Services Revenue and Forecasts To 2025

14. Healthcare BPO Services Market - Key Company Profiles

  • Accenture
  • IBM
  • WNS (Holdings) Ltd.
  • HCL Technologies Limited.
  • Invensis Technologies Pvt Ltd
  • Cognizant
  • Infosys Limited
  • Tata Consultancy Services Limited
  • Genpact
  • Xerox Corporation
  • GeBBS Healthcare Solutions
  • Capgemini
  • Omega Healthcare
  • Flatworld Solutions Pvt. Ltd., and
  • Magellan Solutions

For more information about this report visit https://www.researchandmarkets.com/research/8rbnkd/global_healthcare?w=12

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                    Related Topics: Healthcare Services, Software
                    

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