Explore why Healthcare BPO Market Is Thriving in Global by Major Players like Accenture, IBM, WNS Ltd., HCL, Invensys Technologies, Capgemini, Omega Healthcare, Invensys Technologies Pvt. Ltd, Cognizant, Infosys Limited, TCS

Healthcare business process outsourcing (BPO) is a practice in which healthcare governments subcontract business processes to outside vendors. Trusting less on staff and gear onsite to manage computers, employees, customers, and office enables a healthcare company to focus primarily on patient care. Off-site vendors can handle information technology (IT) tasks, human resources, employee training, finance and bookkeeping, and also customer relationship management and supply chain management. The global healthcare BPO services is expected to reach US$ 68,198.3 Mn in 2025 from US$ 35,818.9 in 2019. The market is estimated to grow with a CAGR of +8% from 2019-2025. BPO allows hospitals and medical professionals to spend their valuable time on patient care rather than other mundane jobs in the office.

The healthcare BPO services market as per the payer service is segmented into claims administration, billing, member management, provider management, fraud management, and others. In 2019, the claims administration segment held a largest market share of 61.2% of the healthcare BPO services, by payer service.

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key players: Accenture, IBM, WNS (Holdings) Ltd., HCL Technologies Limited., Invensys Technologies Pvt Ltd, Cognizant, Infosys Limited, Tata Consultancy Services Limited, Genpact, Xerox Corporation, GeBBS Healthcare Solutions, Capgemini, Omega Healthcare, Flatworld Solutions Pvt. Ltd., and, Magellan Solutions.

The high incidence of chronic diseases and lifestyle and the increasing number of people receiving treatment for malnutrition are the main factors responsible for driving market growth. The rise in global population, disposable income, premature births, investment from top players and governments, and awareness among people are expected to drive market growth. A slowdown in the regulatory scenario and endurance issues is expected to slow market growth.

The report segments the market on the basis of type, end user, and region. Based on type, the market is divided into cardiac assist devices, cardiac rhythm management devices, cardiovascular surgery devices, peripheral vascular devices, transcatheter heart valves, and other cardiovascular products. Based on end user, the market is classified into hospital, clinic, and others. Based on region, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Key Benefits:
• This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the healthcare BPO market.
• In-depth analysis of the market and estimations for key segments between 2019 and 2025 are provided.
• Global industry analysis for factors that drive and restrain the market growth is provided.
• healthcare BPO market share for all segments with respect to geography is detailed in the report.
• Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.

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