Healthcare BPO Market Research Report, Share, and Forecast to 2025Posted by rekha on October 18th, 2019 Precision Business Insights (PBI) in its report titled “Global Healthcare BPO Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global healthcare BPO market was valued at US$ 201.6 Bn in 2018 and growing at a CAGR of XX% over the forecast period owing to upsurge in near shore subcontracting destinations and access to technology, quick rise in clinical process outsourcing (CPO) and execution of PPACA compelling players in the healthcare industry to move toward outsourcing. Moreover, lack of in-house skilled specialists for precise procedures, cost-effective accessibility of labor force, and lack of industry awareness. Additionally, growing number of populace looking for insurance, a pressure to scratch healthcare supply costs, alliance of the health care system are expected to boost the growth of the market. However, concerns in losing control over the outsourced process, doubts regarding service/product quality, and the threat to data security are factors limiting the growth of the Global Healthcare BPO market. Global healthcare BPO market segmented on the basis of provider services, payer services, pharmaceutical services, end user, and region. Request for Sample Report @https://www.precisionbusinessinsights.com/request-sample?product_id=16078
Product development & business acquisition segment accounted for higher revenue share Based on payer services, global healthcare BPO market segmented Integrated Front-end Services and Back-office Operations, Provider Management, Claims Management, Billing and Accounts Management, HR, Analytics and Fraud Management, and Member Management. Product development & business acquisition segment is expected to grow with a significant growth over the forecast period owing to the rising numeral of individuals registering for health plans, payers find it more tough to handle increases in volume themselves and also the risk related with losses. So the good number of payers outsource the services from third party authorities. North America holds leading position in Global Healthcare BPO Market
PBI’s global healthcare BPO market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the gradual increase in the frequency of regulatory situation, burden on healthcare institutions to lessen costs and escalating trend for healthcare IT, big data and cloud computing. APAC is going to develop as one of the higher growth region in forecast period followed by North America and Europe. Presence of the emerging economies like, India, China, and Indonesia are expected to fuel the growth of the market in the region. Recent Developments in the Global Healthcare BPO Market
Key player’s profiles in the report 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. Detailed Segmentation
By Provider Services o Revenue Cycle Management o Patient Enrolling and Strategic Planning o Patient Care By Payer Services o Integrated Front-end Services and Back-office Operations o Provider Management o Claims Management o Billing and Accounts Management o HR o Analytics and Fraud Management o Member Management
By Manufacturing Services o Manufacturing o Research and Development o Non-clinical Services o Sales and Marketing o Supply Chain Management and Logistics o Other Non-clinical Functions
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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