The Business Process Outsourcing Market in Healthcare report provides services such as: medical billing & collection medical billing, medical coding, medical data entry, medical records indexing, medical claims processing and others.
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The Global Business Process Outsourcing Market in Healthcare is expected to grow at a CAGR of 12.3% during the forecast period 2017-2023. The healthcare BPO helps remove the complexity of tedious tasks. The healthcare BPO services enrich resource allocation, boost financial performance and increase the effectiveness of healthcare providers.
The Business Process Outsourcing Market in Healthcare provides services such as: medical billing & collection medical billing, medical coding, medical data entry, medical records indexing, medical claims processing and others. Technological improvements in medical care & the rising demand for health services from geriatric population are driving a sea of change in the healthcare industry. Moreover, digital technologies have transformed the processes from electronic records to telemedicine.
However, errors in the healthcare sector, especially in the patient’s medical records can cost lives. Medical bills also contain large number of errors as changing billing rules and regulations are rarely updated on time. Healthcare BPO services can help in avoiding critical billing mistakes as a dedicated team of trained professionals handle medical data entry tasks with maximum accuracy.
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Business Process Outsourcing Market in Healthcare – Regional Analysis
Most of the existing market players are concentrated in the Americas owing to well-established market and high healthcare expenditures. Canadian healthcare specifically was stressed by an advancing demographic move. The increase of insurance coverage because of health care reform (Affordable Care Act, 2010) in the U. S. additionally prompted an expansion in health care spending. The North American healthcare BPO market is showing a huge potential to grow due to high adoption rate. Various U.S. based organizations such as Sykes, Cognizant, IBM, QUINTILES, and others are continuously putting efforts to come up with newly advanced technology to curb the surmounting healthcare cost, and other management issues. In current scenario, integration among companies have been observed. For instance, on Feb. 9, 2017, Accenture acquired iDefense Security Intelligence Services business to address enterprise security needs.
Business Process Outsourcing Market in Healthcare Key Players
QuintilesIMS,
HCL Technologies Limited,
Covance Inc.,
IBM,
Catalent, Inc.,
PAREXEL International Corporation,
Lonza,
Infosys Limited,
Charles River Laboratories International, Inc.,
Genpact,
Sutherland, and others.
Healthcare BPO Industry Segments
The segmentation of the Business Process Outsourcing Market in Healthcare globally is divided in to the segments of region and services. The market segmentation on the basis of services into payer services, pharmaceutical services, and provider services. The region based segmentation of the market comprises of Americas which includes US & Canada), Europe consisting of Germany & France, the Asia Pacific including China & India and Middle East & Africa.
Major TOC For Business Process Outsourcing Market in Healthcare Research Report – Global Forecast till 2023
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Healthcare BPO Market, by Service
7 Global Healthcare BPO Market, by Region
8 Company Landscape
9 Company Profile
10 Conclusion
11 Appendix
12 List of Tables
13 List of Figures
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