openPR Logo
Press release

Healthcare Payer Services Market Size, Share | Industry Report 2024

05-20-2019 12:35 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ameri Research Inc.

Healthcare Payer Services Market Size

Healthcare Payer Services Market Size

The global healthcare payer services market was valued at $40.6 bn in 2016 and is forecast to grow at a CAGR of 11.1% between 2017 and 2024, culminating in 2024 global market size of $106 bn.

BPO services represent 45% of total services, followed by IT Outsourcing and KPO services. There is a lot of automation going on to streamline the services. Hence the demand for work around machine learning, AI will further boost the IT and IT-enabled services. Lack of adequate resources in U.S. market and cost arbitrage will further boost the outsourcing.

We have segmented the market on the basis of services, applications and end use. On the basis of applications, it is segmented into Claims Management Services, Integrated Front Office Service and Back Office Operations, Member Management Services, Provider Management Services, Billing and Accounts Management Services, Analytics and Fraud Management Services, HR Services. Within applications, claim management, billing and account management services and analytics will lead the market. From end-user perspective, we have segmented the service market from public and private insurance players.

The journey towards value-based reimbursement: The major disruptive force shaping the commercial payer’s space is the transition to value-based reimbursement from the traditional fee for service payment model. To achieve the same, they are using predictive analytics, advanced software and machine learning.

The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2016, North America dominated the market with a revenue share of over 75%. Increasing health insurance enrolment, presence of robust framework like ACA (Affordable Care Act), HIPPA (Health Insurance Portability and Accountability Act of 1996), ICD-10 reporting will drive the need for more and more advanced software and business process.

With changing landscape, Asia-Pacific is expected to emerge as the fastest growing region with a CAGR of 8.5% over the forecast period. Growing demand for health insurance, availability of trained resources and demand for customized insurance products will further drive the market for solutions.

Click the link below to view the report description:
www.ameriresearch.com/product/healthcare-payer-services-market/

Key findings from the study: -
• BPO services represent 45% of total services, followed by IT Outsourcing and KPO services. There is lot of automation going on to streamline the services. Hence demand for work around machine learning, AI will further boost the IT and IT enabled services. Lack of adequate resources in U.S. market and cost arbitrage will further boost the outsourcing
• The journey towards value-based reimbursement: The major disruptive force shaping the commercial payer's space is the transition to value-based reimbursement from the traditional fee for service payment model. To achieve the same, they are using predictive analytics, advanced software and machine learning.
• The Advisory Board Company (Healthcare research, technology and consulting firm) sell its healthcare business to Optum and its education division to Vista Equity Partners in a duo of deals worth $2.58 billion. Our report tracks all such merger and acquisition in this space.
• Major players in the market include United HealthCare Services Inc., Anthem Inc., Aetna Inc., Accenture, Cognizant, Xerox Corporation, EXL, Concentrix Corporation, HP Development Company, L.P., HGS Limited, Dell, HCL Technologies Ltd., Wipro Limited, United Healthcare, CIGNA Corp. and Genpact.

Ameri Research has segmented the Healthcare Payer Services Market by Service Type, Application, End User and Regional Outlook.

Market Segmentation:

Healthcare Payer Services (Outsourcing) Market, by Service Type (Revenue, USD Million, 2014- 2024)
• BPO
• ITO
• KPO

Healthcare Payer Services Market, by Application (Revenue, USD Million, 20124- 2024)
• Claims Management Services
• Integrated Front Office Service and Back Office Operations
• Member Management Services
• Provider Management Services
• Billing and Accounts Management Services
• Analytics and Fraud Management Services
• HR Services

Healthcare Payer Services Market, by End User (Revenue, USD Million, 20124- 2024)
• Private Payers
• Public Payers

Healthcare Payer Services Market, Regional Outlook (Revenue, USD Million, 20124- 2024)
• North America
o U.S.
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o India
o Australia

• Latin America
o Brazil
o Mexico
o Columbia

• Middle East and Africa
o South Africa
o Saudi Arabia

Browse Full Report @ www.ameriresearch.com/product/healthcare-payer-services-market/

About Us:

Ameri Research Inc. (www.ameriresearch.com) is a U.S. based market research and consulting company, registered in the State of Florida and headquartered in Tampa Bay Area. At Ameri Research we are passionately curious about people, markets, brands and society. Our ability to gauge market movements, deep expertise in data science, strong domain expertise and years of collective global experiences helps us to bring unmatched quality in deliverables to our clients. With carefully planned systems and processes in place, we cater to the requirements of our clients in a timely and cost-efficient manner, bringing increased predictability to their business. Each year we are publishing more than 100 syndicated reports in healthcare, chemicals, materials, food & beverages, defense & aerospace, media & entertainment, sports & fitness, and energy. We offer our clients a unique depth of knowledge and expertise around-

Market Mapping
Opportunity Assessment
Positioning
Pricing Analysis
Market Entry Strategy
Competitive Intelligence
Program Evaluation
Performance Reporting
Data Analytics
Developing a culture of collaboration and curiosity, we attract the highest caliber of likeminded people having ability to influence and shape the future.

Follow us on LinkedIn for our latest upcoming reports www.linkedin.com/company/ameri-research-inc./
Follow us on Facebook for our latest upcoming reports www.facebook.com/AmeriResearchInc/
Follow us on Twitter for our latest upcoming reports www.twitter.com/AmeriResearch

Contact Us:

Ameri Research Inc.
6816 Muncaster Ct,
Tampa, FL 33625
United States.
Tel: 1-813-666-0858
Email: Inquiry@ameriresearch.com
Web: www.ameriresearch.com

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 Size, Share | Industry Report 2024 here

News-ID: 1745346 • Views: 343

More Releases from Ameri Research Inc.

Global Stem Cell Market Outlook To 2026
Global Stem Cell Market Outlook To 2026: Key Product Categories (Adult, HESC, Induced Pluripotent), Application (Regenerative Medicine, Drug Discovery & Development), Therapy (Autologous, Allogenic), Regional Segmentation, Pricing Analysis, Pipeline Analysis, Competitive Dynamics, M&A Insights, Segment Forecast, And Conclusion The Stem Cell Market was valued at $9.10Billion in 2018 and is forecast to grow at a modest9.8 % CAGR between2018 and 2025, culminating in 2026 global sales of $17.20Billion. Increase in the
Wireless Broadband Market Outlook To 2024
Wireless Broadband Market Outlook To 2024: Key Technology Categories (LMDS, MMDS, PCS), Application (Residential, Commercial), Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (IPP, OPP, RAP) And Segment Forecast The global wireless broadband market was valued at $10.6bn in 2016 and is forecast to grow at a strongCAGR of 10.6% between 2017 and 2024, culminating to global revenue of $23.5bn by 2024. Industry at a Glance With growing social media communication,
Offshore Drilling Market Outlook To 2024
Offshore Drilling Market Outlook To 2024: In-Depth Market View, Key Service Categories (Directional Drilling, Measurement While Drilling, Contract Drilling, Logging While Drilling), Application (Shallow, Deepwater, Ultra-Deep Water), Regional Segmentation, Top Players & Company Share, Competitive Dynamics, Growth Drivers & Restraints, Pricing Analysis, Segment Forecast And Key Conclusion The global offshore drilling market was valued at $89.5 billion in 2016 and is forecast to grow at a steady CAGR of 5.2% between
Global Hyaluronic Acid Market Outlook To 2026
Global Hyaluronic Acid Market Outlook To 2026: In-Depth Market Overview, Key Application Types (Dermal Fillers, Osteoarthritis [Single Injection, Three Injection, Five Injection], Ophthalmic, Vesicoureteral Reflux), Regional Segmentation, Pricing Analysis, Pipeline Analysis, Competitive Dynamics, M&A Insights, Segment Forecast, And Conclusion The Hyaluronic Acid Market was valued at $xx.9Billion in 2018 and is forecast to grow at a modestxx.6 % CAGR between2018 and 2025, culminating in 2026 global sales of $xx.7Billion. Hyaluronic Acids

All 5 Releases


More Releases for Services

mHealth Services
Overview Paragraph The mHealth Services market report offers an outline of the industry, with comprehensive product and global market analysis. The analytical section provides a description of the goods and services key players focusing on in the mHealth Services market, while providing a type and application-based segmental analysis. The study also explores the global scope and viewpoint of the growth based on the segmental review. The study also looks at the
Redesigned Online Services | Transcription Services U.S.
Transcription Services U.S. offer unmatched quality and responsive services at very reasonable rates. We offer fluent and native experts who are committed to provide memorable translation and transcription services. Transcription Services U.S. is your ideal choice of company for certified Immigration translation, legal translation, audio and video translation, academic translation to mention but a few. Our capabilities will exceed your expectations and we deliver our projects on a prompt basis. Transcription
Dental Services Market: Coast Dental Services, Pacific Dental Services
HTF MI published a new industry research that focuses on Dental Services market and delivers in-depth market analysis and future prospects of Global Dental Services market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is
B2B Data Matching Services | Leo Data Services
B2B Data Matching Services - Revolutionary Marketing Campaigns In today's business scenario, managing successfully B2B Data Matching for prospect customer can be a challenge even the most capable organizations. Business to Business Marketing services from Leo Data Services are always customized to meet the needs of the business prospects. We make sure that our clients have quick, reliable access to their data through several possible interface methods that cover everything from data
Authority Content Services Launched New Services
Indian content writing company, Authority Content Services, has opened its new website and made it open for the global audience. This is a major step for the company as the company has changed domain completely and now sports a professional look. Mahdi ul Baasit, the owner of Authority Content Services, spoke to the media enthusiastically about it. “We are ecstatic, to say the least, about the new launch. We have shifted
Outsourcing Services | Outsourcing Services
Intelgain Technologies, (previously known as Dynamic Web Technologies) is a certified Software solutions provider that delivers unique enterprise IT solutions, making your most complex, mission-critical projects simple and easy to handle. We partner you through strategic implementation of technology, backed by solid domain and industry expertise. Besides Custom Web, Bespoke Software Application development, we offer software consultancy, design, maintenance and support. We integrate, automate optimize Global business, using best-of-breed practices,