The global healthcare payer services market was valued at $19,409.52 million in 2019, and is projected to reach $41,906.64 million by 2027, registering a CAGR of 10.6% from 2020 to 2027.
Healthcare payer refers Preferred Provider Organizations (PPOs), Health Maintenance Organizations (HMOs), healthcare service contracts, state insurance agencies, and claim handlers. Healthcare payer solution providers help such public and private payers as well as healthcare insurers to manage the claims, member engagement, audits, medical documents, and customer relations. These businesses have dedicated units that help to improve overall health system performance through optimizing care quality; reducing costs & improving consumer experience & care provider performance; and leveraging distinctive capabilities in data & analytics, pharmacy care services, population health, healthcare delivery, & healthcare operations. Through all these services, healthcare payer solution providers help their clients to improve their operational efficiency and reduce their operational cost.
The recent document on the Healthcare Payer Solution market involves breakdown of this industry as well as division of this vertical. As per the report Healthcare Payer Solution market is subjected to grow and gain returns over the predicted time period with an outstanding growth rate y-o-y over the predicted period.
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Scope of Healthcare Payer Solution Market report: The Healthcare Payer Solution Market report provides effective guidelines and strategies for industry players to obtain a position at the top in the Healthcare Payer Solution Market. Also, this report is highlighting worldwide and leading key players profiles and serves the eventual guide to discovering opportunities in the Healthcare Payer Solution Market industry globally. By implementing several top-down and bottom-up approaches on the historical sales & revenue data and the current Healthcare Payer Solution market status, the researchers have forecasted the Healthcare Payer Solution market growth and size in key regions. Our experts have added large key companies who play an important role in the production, manufacturing, sales, and distribution of the products. The significant applications and prospective business arenas are also added to Healthcare Payer Solution Market outlook report. It fosters the client to make strategic moves and establish their businesses.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market
- – Accenture Plc.
– Change Healthcare, Inc.
– Cognizant Technology Solutions Corporation
– Hinduja Global Solutions Limited
– HMS Holdings Corp.
– Inovalon Holdings, Inc.
– International Business Machines Corporation Technology
– McKesson Corporation
– UnitedHealth Group Incorporated
– Wipro Limited
Key Market Segments
– By Services
o Business Process Outsourcing Services
o Information Technology Outsourcing Services
o Knowledge Process Outsourcing Services
– By Application
o Pharmacy Audit & Analysis Systems
o Claims Management Services
o Fraud Management Services
o Computer-assisted Coding (CAC) Systems
o Member Eligibility Management Services
o Provider Network Management Services
o Payment Management Services
o Customer Relationship Management Services
o Medical Document Management Services
o General Ledger & Payroll Management
– By End User
o Private Provider
o Public Provider
This report also splits the market by region:
- North America
Healthcare Payer Solution Market outlook: Apart from exploring into the various segments, the report clustered on key Healthcare Payer Solution Market trends and sectors that are either driving or averting the growth of the Healthcare Payer Solution industry. Growth policies and plans are mentioned likewise as producing processes and cost structures also are analyzed. The Healthcare Payer Solution Market industry development trends are studied through both secondary and primary sources. Finally, the feasibility of the latest investment comes is assessed and overall analysis conclusions offered in Healthcare Payer Solution market analysis report.
This study specially analyses the impact of Covid-19 outbreak on the Healthcare Payer Solution, covering the supply chain analysis, impact assessment to the Healthcare Payer Solution market size growth rate in several scenarios, and the measures to be undertaken by Healthcare Payer Solution companies in response to the COVID-19 epidemic.
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