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Healthcare EDI Market is expected to register a CAGR of 8% during the forecast period, 2018 to 2023| Key Players - EMDEON INC., GE HEALTHCARE, HEALTHFUSION, MCKESSON CORPORATION, OPTUM INC., PASSPORT HEALTH COMMUNICATIONS, SIEMENS HEALTHCARE, and SSI GROU

01-07-2019 06:16 PM CET | Health & Medicine

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific is Expected to Grow at a Good CAGR

North America has the highest share in this market, followed by the Europe. Asia-Pacific has high market potential for the growth of the healthcare EDI market, due to the presence of several policy reforms and economically growing IT industry, which are expected to drive the market in this region.

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Increasing population and decreasing death rate, rapidly changing treatment delivery model, and many other decisions behind those changes are being driven by data. EDI helped to manage this huge data in an efficient, systematic, and accessible manner, thereby reducing the time taken. The complex nature of managing the entire claims management process is another factor contributing to the rapid growth of the global market. Other factors, such as emergence of data analytics, favorable policy implementation, and the initiatives and incentive programs launched by different governments to promote healthcare IT, are driving the growth of the market.

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Market Segments:
Healthcare EDI Market is segmented by:
1. Component: Software, Hardware, Services
2. Transaction: Claims & Encounters, Payment & Remittance Advance, Eligibility Inquiry and Response, Claim Attachments, Claim Status and Response, Enrollments, Referral Certification and Authorization
3. Type: Direct EDI/Point-to-Point, EDI via VAN or EDI Network Services Providers, EDI via AS2, EDI via FTP/VPN, SFTP, FTPS, Web EDI, Mobile EDI, EDI Outsourcing
4. Services: In-house, Providers
5. End User: Healthcare Institution, Government, Private
6. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

• November 2017 - GE Healthcare received ONC Health IT Certification from Drummond Group LLC, which improves Interoperability in workflows.
• October 2017 - Allscripts had acquired McKesson’s Enterprise Information Solutions business.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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You can edit or delete your press release Healthcare EDI Market is expected to register a CAGR of 8% during the forecast period, 2018 to 2023| Key Players - EMDEON INC., GE HEALTHCARE, HEALTHFUSION, MCKESSON CORPORATION, OPTUM INC., PASSPORT HEALTH COMMUNICATIONS, SIEMENS HEALTHCARE, and SSI GROU here

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