18th February 2020 – The Healthcare
Payer Services Market report provides in-depth analysis and insights
into developments impacting businesses and enterprises on global and regional
level. The study covers the global Healthcare Payer Services Market
presentation regarding revenue contribution from multiple segments and covers a
comprehensive analysis of key market trends, drivers, restraints, and
opportunities influencing revenue growth of the industry. This research report
studies the market size, industry status and forecast, competition landscape
and growth opportunities.
Global Healthcare Payer Services Market
size is anticipated to reach USD 69.2 billion by 2024. Healthcare payer
services are outsourced by healthcare insurance providers and payers. The
factors that propel the growth of the healthcare payer services market include
increasing frauds regarding healthcare, federal mandates in the U.S.,
increasing payer workload, in-house shortage of skilled personnel, and dynamic
nature of health profit plan designs.
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On the other hand, there are factors
that may hamper the growth of the market including unforeseen costs associated
with outsourcing, loss of managerial control, and increasing occurrences of
data breaches, and loss of privacy. Healthcare payer services industry is
anticipated to grow at a significant CAGR of 8.5% in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
The key applications that could be
explored in the healthcare payer services industry include Member Management
Services, Integrated Front Office Service and Back Office Operations, Billing
and Accounts Management Services, Claims Management Services, Provider
Management Services, HR Services, and Analytics and Fraud Management Services.
The “Analytics and Fraud Management Healthcare” segment led the market of
healthcare payer services in 2015 and is anticipated to maintain its dominance
by 2024. The key factors that may be attributed to the growth of market
includes increasing overall health care spending and the increasing demand for
low-cost skilled professionals.
Some of the major objectives of this
report:
·
To present detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of global Healthcare Payer Services Market.
·
To provide insights about
factors affecting the market growth. To analyze the Healthcare Payer Services
Market based on various factors- price analysis, supply chain analysis, porter
five force analysis etc.
·
To provide historical and
forecast revenue of the Healthcare Payer Services Market segments and
sub-segments with respect to four main geographies and their countries- North
America, Europe, Asia, and Rest of the World.
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
Trace and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product evolutions, and research and developments in the
Market.
·
To present strategic profiling
of key players in the market, comprehensively analyzing their basic
capabilities.
Some
of the Major Market Players Are:
Cognizant, Accenture, ExlService
Holdings Inc, Concentrix Corporation, Teleperformance Group, Hexaware
Technologies, HCL Technologies, Genpact, First Source Solutions Limited and
Conduent.
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