openPR Logo
Press release

Healthcare Payer Services Market Research 2017-2025 | Key Players – Hexaware Technologies Limited, HCL Technologies Ltd., Teleperformance Group

05-09-2019 07:13 AM CET | Health & Medicine

Press release from: TMR Research

Healthcare Payer Services Market Research 2017-2025 | Key

Global Healthcare Payer Services Market: Snapshot

Outsourcing is emerging as a cost-effective tool for healthcare payers. Therefore, the growing trend of outsourcing is working in favor of the global healthcare payer services market. The increasing dependence of technologically advanced solutions to deliver economical business process services, growing popularity of digital technology, and the enforcement of strict health care regulations in several parts of the world are among the primary factors stoking the growth of the market.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1289

The growth of the market is also supplemented by the growing investments in healthcare IT (HCIT) and increasing number of private healthcare insurance companies. Moreover, the introduction of favorable policies by governments is escalating the growth of the global healthcare payer services market. On the flip side, the mounting cases of data breaches are resulting in increased skepticism regarding the loss of confidentiality, which in turn is limiting the widespread adoption of healthcare payer services. While outsourcing makes the overall procedure of healthcare payer services easy, it also induces unforeseen costs. This is, in turn, hampering the growth of the global market.

The majority of key players in the global healthcare payer services market are focusing towards implementing mobile technology with health plans to lure in a greater number of customers. A raft of large players are also emphasizing on mergers and acquisitions in order to stay ahead in the market.

Global Healthcare Payer Services Market: Overview

The healthcare industry is at an interesting cusp at present with breakthrough technologies, practices, and services. This also translates as higher costs of treatment and consumer empowerment with digital transformation. Besides, tough regulations and better reimbursement policies are also transforming the contours of the industry. This has spawned the global healthcare payer services market which is primed for robust growth on account of the above factors. Major players operating in the market are focused on mergers and acquisitions to diversify business portfolio and improve delivery outcomes.

In healthcare, payer refers to entities other than the patient that finance or reimburse the healthcare services cost. Typically, they include insurance carriers, third-party payers, or health plan sponsors such as employers or unions. Application of payer services include management services, provider management services, billing and accounts management services, integrated front office services and back office operations, member management services, analytics and fraud management services, and HR services. The types of payer services available in the market are BPO services, ITO services, and KPO services. Among them, the BPO services gross maximum revenue.

A report by TMR Research offers essential information on the key trends in the global healthcare payer services market. It presents a granular analysis of the various growth drivers and restraints in the market. The report also presents a detailed assessment of the competitive landscape and identifies key players contributing towards its growth. Further, it leverages market-leading analytical tools to gauge the opportunities and threats awaiting players.

Global Healthcare Payer Services Market: Trends and Opportunities

Some of the factors at the forefront of driving the global healthcare payer services market are increased adoption of technologies – particularly digital technology – to bring about economical business process services, growing focus on consumerism, and a host of healthcare regulatory policies. No wonder then, tech titans are some of the main players in the market. They are increasingly integrating mobility and health plans to engage enrolled members.

Other factors helping the market’s growth are the increasing private healthcare insurance exchanges and IT investments. The pressing demand to bring down the overall administrative costs of member management services, rising need for cost effective solutions for the healthcare payer services, and the alarming instances of healthcare fraud cases are few things expected to shape the course of the market in the near future.

At present, the private payers are ahead of the public payers in the global market for healthcare payer services. This is because of the massive investment by private players in the healthcare payer vertical and significant government efforts to induce private investment in the healthcare industry. Public payers, however, are slated to clock solid growth in the years ahead.

Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1289

Global Healthcare Payer Services Market: Regional Outlook

Geographically, North America holds a dominant position in the global market for healthcare payer services at present, powered mainly by the U.S. This is because of the rising number of health insurance enrollment, helpful reimbursement framework, and dearth of skilled professionals. Besides North America, Asia Pacific is another emerging market that holds out a strong promise of growth.

In fact, India, an emerging economy in the region, is a global market leader in the knowledge process outsourcing (KPO). China and Japan in the region are also slated to contribute substantially to the market. In the Rest of the World, Mexico and Brazil are shining stars poised to impact the global market growth.

Companies Mentioned in the Report

Some of the prominent companies competing in the global market for healthcare payer services, profiled in the report are Cognizant Technology Solutions, Accenture plc, Xerox Corporation, Genpact Limited, Hewlett-Packard, Hexaware Technologies Limited, HCL Technologies Ltd., Teleperformance Group, Hinduja Global Solutions Ltd., and Wipro Limited.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Healthcare Payer Services Market Research 2017-2025 | Key Players – Hexaware Technologies Limited, HCL Technologies Ltd., Teleperformance Group here

News-ID: 1732275 • Views:

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - 2031
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2021 to 2031.
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Growing Regions like North America, Europe and Asia Pacific.
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Healthcare

Healthcare Information System Market Next Big Thing | GE Healthcare, Philips Hea …
A latest survey on Global Healthcare Information System Market is conducted to provide hidden gems performance analysis (2021-2026). The study is a perfect mix of qualitative and quantitative information covering market size breakdown of revenue and volume (if applicable) by important segments. The market Study is segmented by key regions that is accelerating the marketization. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*.
Transportation Services In Healthcare Industry : Centene Corporation, Healthcare …
Transportation Services In Healthcare Market Size, Status and Forecast 2020-2027 Report present the worldwide analysis with in depth study of Top players, region, type and application and its future scope. The report mainly studies the size, recent trends and development status of the Transportation Services In Healthcare market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological innovation and advancement will further
Healthcare Staffing Market Crucial Players - Jackson Healthcare, Aya Healthcare, …
Global "Healthcare Staffing Market" is a comprehensive research that provides information regarding Healthcare Staffing market size, trends, growth, cost structure, capacity, revenue and forecast 2026. This report also includes the overall study of the Healthcare Staffing Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Healthcare Staffing industry and provides data for making strategies to increase Healthcare Staffing market
Global Healthcare Information System Market including Key players: Philips Healt …
Healthcare information technology proffers solutions for security and data management of information related with healthcare. Nowadays, information technology has more impact on the cost quality and safety associated with Healthcare Information System Market. Some widely used applications in the healthcare industry include electronic medical records, healthcare records and personal health records. Several governments as well as healthcare service providers are now adapting these healthcare information systems to meet the growing
Global Healthcare Information Systems Market By Key Players: Philips healthcare, …
Qyresearchreports include new market research report Global Healthcare Information Systems Market Size, Status and Forecast 2025 to its huge collection of research reports. This report studies the global Healthcare Information Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Information Systems market by companies, region, type and end-use industry. Healthcare information technology proffers solutions for security and data management of information related
Digital Radiography Market 2018-2025: GE Healthcare, Siemens Healthcare, Philips …
Study papers on Digital Radiography market and regional forecast. Digital Radiography market top players including are GE Healthcare, Siemens Healthcare, Philips Healthcare, Agfa HealthCare, Fujifilm, Angell Technology, Carestream Health, Wandong Medical, Hitachi, Mindray, Land Wind, Toshiba, Konica Minolta, DEXIS, Shimadzu, Source-Ray, Samsung. Download FREE Sample Brochure @ https://www.marketexpertz.com/sample-enquiry-form/11773 The recent report, Digital Radiography market fundamentally discovers insights that enable stakeholders, business owners and field marketing executives to make effective investment decisions