Healthcare BPO Market Estimated to Rise Profitably with CAGR of 8.0% during 2019 – 2024 | Global Key Players – Accenture, Eli Global, Gebbs, Genpact, IBM, Parexel, IQVIA, Sutherland

Global Healthcare BPO Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Healthcare BPO report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.

Overview of the Global Healthcare BPO Market:

The report spread across 115 pages is an overview of the Global Healthcare BPO Market. These report study based on the Healthcare BPO Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Healthcare BPO Market is expected to register a CAGR of 8.0%, over the forecast period (2019 - 2024). The major key factors that are responsible for the growth of the market include rapid increase in clinical process outsourcing (CPO), implementation of PPACA compelled healthcare player to move toward outsourcing, and fewer errors in several non-critical functions, like finance and accounting, customer care services, etc.

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Furthermore, the significant driving factor is the rise of near shore outsourcing destinations and access to technology. As near shoring gives companies the advantage of similarity in culture, time zone, and languages, and helps them deliver better-quality services, the companies have started outsourcing their business processes to BPO service providers in the same region. Companies have also started focusing on protecting their outsourced businesses and minimizing the socio-economic risks, through similar currency and regulation systems, which may boost the growth of near shore outsourcing destinations and access to technology.

The growth of the revenue cycle management (RCM) market is attributed to an increase in government initiatives, to boost the adoption of RCM solutions, increasing revenue loss due to billing errors, and increasing adoption of EHR/EMR. Most hospitals are presently dependent on third-party providers for denial management service, as they lack the expert knowledge and time to manage the reimbursement process. Most common billing errors include failure to verify insurance, filing an incomplete claim, coding errors, lack of specificity, and missing filing deadlines.

Industry Analysis: The healthcare BPO market is moderately competitive and consists of several major players. In terms of the market share, few of the major players currently dominate the market. The rising need for mobile health and advances in healthcare systems are also helping a few other smaller players to enter the market, with a substantial share.

Geographically, North America dominates the market for healthcare BPO and is expected to continue its stronghold for a few more years. In the North America region, the United States holds the largest market share. This can be majorly attributed to the presence of strong reimbursement framework, high public and private healthcare expenditure, and a high percentage of claim records. There are some of the factors driving the growth of the market, in the region.

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Major Key Players:

1 Accenture

2 Eli Global

3 Gebbs

4 Genpact

5 IBM

6 Parexel

7 IQVIA

8 Sutherland

9 Truven Health and More……………..

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Table of Contents:

1 Introduction

2 Global Healthcare BPO Market Research Methodology

3 Executive Summary

4 Global Healthcare BPO Market Dynamics

5 Global Healthcare BPO Market Segmentation

6 Competitive Landscape

7 Global Healthcare BPO Market Opportunities and Future Trends

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