Press release
Healthcare EDI Market - Global Industry Insights, Share, Growth Drivers and Forecast by 2024
The use of healthcare EDI increases accuracy, improves productivity, helps in faster identification of errors, consumes less time, secures exchange of information and leads to ease of work for the healthcare providers, healthcare payers, and pharmacies. Healthcare EDI finds application in insurance and reimbursement data management, clinical trials and regulatory data management, and medical and dental patient database management.
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Healthcare EDI market is regulated by various regulatory guidelines, that make the transactions between the healthcare payers, healthcare providers, medical device and pharmaceutical industries and pharmacies easier. Regulators have established many guidelines for different transaction in the healthcare EDI market such as EDI health care claim payment, EDI retail pharmacy claim transaction, EDI benefit enrollment and maintenance set and EDI payroll deducted and other group premium payment for insurance products.
The limited technological access in regions such as Asia-Pacific, and high implementation cost of EDI software act as major barriers for the growth of the global healthcare EDI market. Additionally, data security is a major concern for the users of EDI which is likely to hamper the growth of the global healthcare EDI market. With the prevalence of on-line hacking and data theft, the security of the data and information of patient has become a major concern for the healthcare EDI users.
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MARKET SEGMENTATION
By Component
• Services
• solutions
By Delivery Mode
• Web & Cloud-based EDI
• EDI VAN
• Point-to-Point EDI
• Mobile EDI
By Transaction Type
• Claims Management
o Claims Submission
o Claim Status
o Eligibility Verification
o Payment Remittance
o Referral Certification & Authorization
o Claim Payments
o Others
• Healthcare Supply Chain
By End User
• Healthcare Providers
• Healthcare Payers
• Medical Device & Pharmaceutical Industries
• Pharmacies
Geographical Segmentation
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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