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Healthcare Finance Solutions Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033
"The new report published by The Business Research Company, titled ""Healthcare Finance Solutions Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the healthcare finance solutions market size has grown strongly in recent years. It will grow from $118.30 billion in 2023 to $128.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The healthcare finance solutions market size is expected to see strong growth in the next few years. It will grow to $180.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Rising Chronic Disease Prevalence Fuels Demand For Innovative Healthcare Finance Solutions
The increasing prevalence of chronic diseases is expected to propel the growth of the healthcare finance solutions market going forward. Chronic disease is a long-lasting condition that typically requires ongoing medical attention and can limit daily activities or quality of life. The increasing prevalence of chronic diseases is due to exposure to air pollution, chemicals, toxins, lifestyle changes, and genetic factors. Healthcare finance solutions ensure financial stability, optimize revenue cycles and meet the evolving financial needs of healthcare organizations dealing with chronic conditions. For instance, in January 2024, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency for public health, approximately 20,000 fatalities in Australia were linked to chronic kidney disease, accounting for 12% of the total mortality rate in 2021. Therefore, the increasing prevalence of chronic diseases drives the healthcare finance solutions market.
Healthcare Finance Solutions Market Embraces AI For Enhanced Financial Management And Operational Excellence
Major companies operating in the healthcare finance solutions market are developing AI-based financial automation solutions to streamline billing processes and improve the accuracy of financial forecasting and reporting. AI-based financial automation solutions are designed to handle tasks that traditionally require manual effort, such as billing, coding, claims processing, expense management, financial forecasting, and compliance. For instance, in February 2024, Anatomy Financial, a US-based company that offers healthcare financial solutions, launched AI-powered financial automation solutions tailored for healthcare organizations that bill insurance, including medical and dental practices, digital health services, and billing companies. This solution aims to automate the healthcare back-office by linking bank, claims, and accounting data using AI, providing real-time financial insights and automated reconciliation.
The healthcare finance solutions market covered in this report is segmented -
1) By Equipment Type: Diagnostic Or Imaging Equipment, Specialist Beds, Surgical Instruments, Decontamination Equipment, IT Equipment
2) By Service: Equipment And Technology Finance, Working Capital Finance, Project Finance Solutions, Corporate Lending
3) By Healthcare Facility Type: Hospitals And Health Systems, Outpatient Imaging Centres, Outpatient Surgery Centres, Physician Practices And Outpatient Clinics, Diagnostic Laboratories, Urgent Care Clinics, Skilled Nursing Facilities, Pharmacies, Other Healthcare Providers
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Major companies operating in the healthcare finance solutions market are UnitedHealth Group Inc., CVS Health Corp., McKesson Corp., Optum Inc., Cardinal Health Inc., Cigna Corp., Anthem Inc., Pfizer Inc., Humana Inc., AmerisourceBergen Corp., Aetna Inc., Medtronic PLC, Roche Holding AG, Siemens Healthineers AG, GE Healthcare, Experian Information Solutions Inc., Cerner Corporation, Allscripts Healthcare LLC, Athenahealth Inc., Conifer Health Solutions LLC, Waystar Health, Greenway Health LLC, Computer Programs and Systems Inc. (CPSI), CareCloud Corp., Craneware Inc.
Contents of the report:
1. Executive Summary
2. Healthcare Finance Solutions Market Report Structure
3. Healthcare Finance Solutions Market Trends And Strategies
4. Healthcare Finance Solutions Market - Macro Economic Scenario
5. Healthcare Finance Solutions Market Size And Growth
…..
27. Healthcare Finance Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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