Robotic Process Automation (RPA) for Healthcare Market to Witness Astonishing Growth by 2029

The global RPA market in healthcare is anticipated to grow at a CAGR of 25.0% during the forecast period (2023-2030). The market is driven by the adoption of advanced technologies such as artificial intelligence (AI)/ machine learning (ML), the growing need for operational efficiency in the healthcare industry and increasing investments and government support in healthcare infrastructure among others. For instance,

· In February 2023, Max Healthcare announced plans to implement Robotic process automation (RPA) technology to improve efficiency and reduce costs. The development was part of the company's digital transformation strategy which focused on enhancing patient care. Earlier, the company invested in RPA technology such as TPA claim processing and is looking to evaluate more use cases such as User onboarding and rights assignment, invoice processing, and pharmacy order management.

· In January 2023, RCM Leaders Forum, and Fitzroy Health, launched Tarpon Health, a community dedicated to developing and advancing Robotic Process Automation (RPA) for healthcare revenue cycle leaders.

· In March 2021, Google Cloud and robotic process automation vendor Automation Anywhere announced a partnership to jointly develop AI and RPA-powered products. With this partnership, Google will focus on common back-office administrative tasks in industries such as financial services, and healthcare.

· In July 2021, Access Healthcare's robotic automation platform (RPA) named Echo introduced RPA and AI platform designed to automate processes in the revenue cycle continuum in the healthcare industry. The company offers multiple use cases or automated eligibility verification, data entry, medical coding, payment posting, accounts receivable management, denial management, and appeals by using machine learning and artificial intelligence.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Application

· By End-Users

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- includes UiPath Inc., NICE Ltd., Pegasystems Inc., and WorkFusion Inc. among others.

Robotics Process Automation (RPA) Market for Healthcare Report Segment

By Application

• Claims Management

• Workflow Management

• Clinical Documentation

• Revenue Cycle Management

• Billing and Compliance Management

• Appointment Scheduling

By End-User

• Hospitals

• Clinics

• Pharmacies

• Insurance Companies

• Other (Bpos, Clinical Research Organizations (CROs))

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Robotics Process Automation (RPA) Market for Healthcare Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• airSlate Inc.

• Appian Corp.

• Automation Anywhere Inc.

• AutomationEdge Technologies Pvt. Ltd.

• Blue Prism Limited (subsidery of SS&C Technologies)

• Broad Air Conditioning Co., Ltd.

• EdgeVerve Systems Ltd.

• Fortra, LLC

• Genpact Ltd.

• Infosys Ltd.

• International Business Machines Corp. (IBM)

• Kofax Software Inc.

• Laiye Technology

• NTT DATA Corp.

• Roboyo Group Ltd.

• Baker Tilly International Ltd.

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