Healthcare BPO Market 2020 to Set Amazing Growth | Leading Players are Xerox Corporation, Hinduja Global Solutions, DSM Pharma, Accenture, Cognizant Technology Solutions, Wipro, AGS Health, Outsource2india, Omega Healthcare, Pacific Ventures

The primary sources employed while generating this Healthcare BPO Market report include the industry experts from the industry comprising the management corporation, processing organizations, analytical service suppliers of the industry’s value chain. All primary sources are interviewed to accumulate the data and validate qualitative & quantitative information and conclude future prospects. Secondary research consists of key data about the industry value chain, the complete pool of major players, and application areas. The Healthcare BPO Market report assist in market segmentation according to industry latest & upcoming trends to the bottom-most level, topographical markets and key advancement from both market and technology aligned perspectives.

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Market Analysis: Global Healthcare BPO Market

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. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Major Market Competitors/Players: Global Healthcare BPO Market

Some of the major players operating in the global healthcare BPO market are 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.

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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 availability of skilled workforce at reduced cost and decrease in training and administrative expense. Moreover, healthcare BPO also provides standard patient care, with 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.

Market Segmentation: Global Healthcare BPO Market

The global healthcare BPO market is segmented based on payer service, by provider service and by pharmaceutical service

Based on payer service, the global healthcare BPO market is segmented into claims management, integrated front-end services and back-office operations, member management, product development and business acquisition (PDBA), provider management, care management, billing & accounts management services and HR services

On the basis of provider service, the global healthcare BPO market is segmented into revenue cycle management, patient enrolment & strategic planning and patient care. Patient care is further sub segmented into medical transcription, medical imaging and device monitoring.

On the basis of pharmaceutical service the global healthcare BPO market is segmented into manufacturing services, R&D services and non-clinical services. Non-clinical services are further sub segmented into sales & marketing services, SCM and other non-clinical services. Sales & marketing services are further sub segmented into analytics, marketing services, research, forecasting, and performance reporting.

Based on geography, the global healthcare BPO market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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

Healthcare BPO Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Healthcare BPO Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.

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