Healthcare EDI Market Market to Register an Impressive CAGR of 8.0% during 2019 – 2023 (Emdeon, GE, HealthFusion, Mckesson, Optum, Siemens Healthcare, SSI Group)

Marketprognosis.com Publish a New Market Research Report On “Global Healthcare EDI Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Healthcare EDI Market:

The Global Healthcare EDI Market is expected to register a CAGR of 8.0% during the forecast period, 2019 to 2023.

Electronic data Interchange (EDI) can be defined as a structured way to transmit data between computer systems, governed by agreed standards. EDI document has a standardized format, which ensures that data can be quickly interpreted on both sides.

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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. Due to its unstructured nature and open source roots, big data is much less expensive to own and operate than a traditional relational database.

Recent government initiatives supporting healthcare resulting in efforts and concerns regarding adopting these systems, especially in BRICS nations, are the biggest influence on the EDI industry. Management of data in the healthcare field, such as patient history records, medication data, and emergency services records have always been critical and a time consuming task. However, 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.

Exchanging of medical records, as well as other documents electronically is convenient with regard to time consumed and ease of exchanging. However, electronic data interchange applications need to be implemented with evidentiary and admissibility safeguards. Currently, available applications come with limited security parameters, and thus, are becoming a target for fraud and misuse of information. Communication between trading partners takes places with the help of various message handling systems, which due to a lack of encryption, can give rise to leaking of sensitive information. Several countries in today’s world do not have stringent guidelines and laws to prevent data theft. This lack of guidelines and rules for protection of electronic data can be a major cause of reluctance to use electronic forms of data for hospitals and other healthcare institutions.

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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. North America has the highest share in this market, followed by the Europe.

Major Key Players:

1 Emdeon Inc.

2 GE Healthcare

3 HealthFusion

4 Mckesson Corporation

5 Optum Inc.

6 Passport Health Communications

7 Siemens Healthcare

8 SSI Group Inc.

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Healthcare EDI Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.