Healthcare BPO Market 2020: The Next Booming Segment in the World | Hinduja Global Solutions, DSM Pharma, Accenture, Cognizant Technology Solutions, Wipro

The latest release from Data Bridge Market Research highlights the key market trends impacting the growth of the Global Healthcare BPO Market. The study highlights influencing factors that are impacting or reinforcing market environment such as Government Policy, technological changes, etc along with key market drivers. The research study forecast Revenue Opportunities and Sales Volume Area taken into consideration the primaries from industry experts and includes relevant data such as (revenue, market size, growth rate, and product price) by important players such as Xerox Corporation, Hinduja Global Solutions, DSM Pharma, Accenture, Cognizant Technology Solutions, Wipro, Genpact, EXLService, Hewlett-Packard, Catalent, HCL, Conduent, Invensis, Infinit Healthcare, AGS Health, Inc Outsource2india, Omega Healthcare, Pacific Ventures, WNS, TeamHGS, Flatworld Solutions, Taskforce BPO, among others.

The Global Healthcare BPO Market is expected to reach USD 419.93 billion by 2025, from USD 191.68 billion in 2017, growing at a CAGR of 10.30% during the forecast period of 2018 to 2025.

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Major Market Drivers and Restraints:

Regulatory changes in the US with the implementation of PPACA
Pressure to reduce rising healthcare costs
Shift to ICD-10 coding standards and upcoming ICD-11
Loss of revenue due to billing errors
Consolidation increasing in the healthcare industry
Rising need for structured processes and documentations
Hidden costs of outsourcing
Fear of losing visibility and control over the business process

Global Healthcare BPO Market Segments & Geographic Analysis:

By Payer Service (Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Care Management, PDBA, HR Services),

By Provider Service (Revenue Cycle Management, Patient Care),

By Pharmaceutical Service (Manufacturing Services, R&D Services, Non-clinical Services),

By Geography (APAC, Europe, Middle East, Africa, North America & South America)

Market Definition: Global Healthcare BPO Market

This market report defines the market trends and forecast the upcoming opportunities and threats of the global healthcare BPO market in the next 8 years.

The health care organizations are facing new challenges from an unpredictable global economy, where consumer expectations are growing every day. Major health care providers have been using business process outsourcing (BPO for better processes, speed transactions, and reduced costs. Healthcare BPO involves certain job functions, which are done outside a company instead of having an in-house department handling the business operations by healthcare providers, payers and organizations. Healthcare BPO has many advantages like the availability of a skilled workforce at reduced cost and decrease in training and administrative expense. Moreover, healthcare BPO also provides standard patient care, with the reduced cost required for infrastructure.

Healthcare service providers are dealing with many challenges, which hamper their work on administrative level. Invensis, a HIPAA compliant healthcare BPO services provider has offered customized solutions to remove the difficulties of these processes.

Opportunities in the market

1. To describe and forecast the market, in terms of value, for various segments, by region APAC, Europe, Middle East, Africa, North America & South America

2. The key findings and recommendations highlight crucial progressive industry trends in the Global Healthcare BPO Market, thereby allowing players to develop effective long term strategies

3. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders

4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of Healthcare BPO Market across Global.

5. To get a comprehensive overview of the Healthcare BPO Market.

View Detailed Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-healthcare-bpo-market

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This release was published on openPR.