U.S. Healthcare BPO Market Report Growing at CAGR of 8.09% with Recent Trends, Growth Revenue and Forecast to 2022-2027

The latest research study "U.S. Healthcare BPO Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the United States healthcare BPO market is expected to exhibit a CAGR of 8.09% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Medical professionals, institutions, and organizations can benefit from healthcare business process outsourcing (BPO), a commercial outsourcing technique. In order to help healthcare providers concentrate on their main business operations and manage patients more effectively, it also comprises medical billing services, coding, transcription, and claim processing. Additionally, it helps in gathering patient test and lab results, insurance information, drug inventories, prescriptions, and records of bill payments while lowering the operating costs associated with employing and training an internal workforce. The expanding popularity of healthcare insurance services among the general public is currently driving up demand for healthcare BPO across the United States.

United States Healthcare BPO Market Trends and Drivers:

The market is primarily driven by the rising adoption of healthcare BPO in the United States to offer valuable patient care and minimize the overall cost of revisits and re-treatment of patients.

In addition, the sudden outbreak of coronavirus (COVID-19) disease has escalated the demand for BPO services in the healthcare sector, representing another growth-inducing factor. Along with this, professionals are adopting healthcare BPO services to improve the accessibility of skilled healthcare professionals, thus accelerating market growth.

Moreover, the market is further propelled by rising non-core activities, such as predictable cash flow, improved patient care, and increased net returns of hospitals for better operational benefits. Besides this, the conversion of the ICD-9 coding system to ICD-10 coding system by the US government is augmenting the market growth across the country.

United States Healthcare BPO Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

The report has segmented the market on the basis of region, payer service, provider service and pharmaceutical service.

Breakup by Payer Service:
• Human Resource Management
• Claims Management
• Customer Relationship Management
• Operational and Administrative Management
• Care Management
• Provider Management
• Others

Breakup by Provider Service:
• Patient Enrollment and Strategic Planning
• Patient Care Service
• Revenue Cycle Management

Breakup by Pharmaceutical Service:
• Manufacturing Services
• Research and Development Services
• Non-clinical Services

Breakup by Region:
• Northeast
• Midwest
• South
• West

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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