Press release
Healthcare BPO Market Rapidly Growing at CAGR of 10.30% in 2019 - 2025: Accenture, Cognizant, Wipro Limited, Xerox, DSM, HGS - Hinduja Global Solutions, HCL Technologies, WNS Global Services, AGS Health and More
The Global Healthcare BPO Market is expected to reach USD 419.93 billion by 2025, from USD 191.68 billion in 2017, growing at a CAGR of 10.30% during the forecast period of 2018 to 2025.
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Top Key Players:
• Xerox Corporation
• Hinduja Global Solutions
• DSM Pharma
• Accenture
• Cognizant Technology Solutions
• Wipro
• Genpact
• EXLService
• Hewlett-Packard
• Catalent
• HCL
• Conduent
• Invensis
• Infinit Healthcare
• AGS Health, Inc
• Outsource2india
• Omega Healthcare
• Pacific Ventures
• WNS
• TeamHGS
• Flatworld Solutions
• Taskforce BPO
• among others.
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Global Healthcare BPO Market By Payer Service (Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Care Management, PDBA, HR Services), By Provider Service (Revenue Cycle Management, Patient Care), By Pharmaceutical Service (Manufacturing Services, R&D Services, Non-clinical Services), By Geography (APAC, Europe, Middle East, Africa, North America & South America) – Industry Trends and Forecast to 2025
Complete report on Global Healthcare BPO Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Queries Related to the Market:
• Which application segments will perform better and achieve success in worldwide through the forecast years?
• What are the key factors driving the market growth?
• Who are the key vendors in this Industry?
• Which are the impressive business sectors where best players want their own expansion in future?
• What are the market dynamics?
• What are the limits ruining the development rate?
• What is the focused circumstance to advance development?
• What are the opportunities and threats faced by the performers in the global market?
• What are the development rates for this Industry?
Market Definition: Global Healthcare BPO Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the global healthcare BPO market in the next 8 years.
The health care organizations are facing new challenges from an unpredictable global economy, where consumer expectations are growing every day. Major health care providers have been using business process outsourcing (BPO for better processes, speed transactions and reduced costs. Healthcare BPO involves certain job functions, which are done outside a company instead of having an in-house department handling the business operations by healthcare providers, payers and organizations. Healthcare BPO has many advantages like availability of skilled workforce at reduced cost and decrease in training and administrative expense. Moreover, healthcare BPO also provides standard patient care, with reduced cost required for infrastructure.
Healthcare service providers are dealing with many challenges, which hamper their work on administrative level. Invensis, a HIPAA compliant healthcare BPO services provider has offered customized solutions to remove the difficulties of these processes.
Major Market Drivers and Restraints:
• Regulatory changes in the US with the implementation of PPACA
• Pressure to reduce rising healthcare costs
• Shift to ICD-10 coding standards and upcoming ICD-11
• Loss of revenue due to billing errors
• Consolidation increasing in the healthcare industry
• Rising need for structured processes and documentations
• Hidden costs of outsourcing
• Fear of losing visibility and control over the business process
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Market Segmentations:
Global Healthcare BPO Market is segmented on the basis of
• Payer Service
• Provider Service
• Pharmaceutical Service
• Geography
Market Segmentations in Details:
On the basis of Payer Service, the global healthcare BPO market is segmented into claims management, integrated front-end services and back-office operations, member management, product development and business acquisition (PDBA), provider management, care management, billing & accounts management services and HR services
On the basis of Provider Service, the global healthcare BPO market is segmented into revenue cycle management, patient enrolment & strategic planning and patient care. Patient care is further sub segmented into medical transcription, medical imaging and device monitoring.
On the basis of Pharmaceutical Service the global healthcare BPO market is segmented into manufacturing services, R&D services and non-clinical services.
On the basis of Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Company Share Analysis: Global Healthcare BPO Market
The global healthcare BPO market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare BPO market for global, Europe, North America, Asia Pacific and South America.
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