Emerging Technology Spending On Core Administration In Healthcare Market Trends: Advancement In Pre-built Artificial Intelligence (AI) Tools To Automate Healthcare Administration And Improve Efficiency Shaping the Future of the Industry

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Technology Spending On Core Administration In Healthcare Market Size Growth Forecast: What to Expect by 2025?
The expenditure on core administration technology within the healthcare market has seen significant expansion in recent years. The growth is forecasted to be from $40.85 billion in 2024 to a substantial $44.26 billion by 2025, indicating a compound annual growth rate (CAGR) of 8.3%. This notable growth in the historical period can be linked to an increased demand for automation in billing and claim processing, a surge in healthcare data volume that necessitates efficient record management systems, an increase in regulatory intricacies encouraging tech-related compliance investments, growing focus on patient experience and interaction platforms, and escalating operational expenses encouraging administrative optimization.

How Will the Technology Spending On Core Administration In Healthcare Market Size Evolve and Grow by 2029?
Expectations are high for substantial growth in the technology expenditures related to core administration within the healthcare market in the upcoming years. A prediction has been made for an increase to $60.13 billion by 2029, with a compound annual growth rate (CAGR) of 8.0%. The anticipated growth for this projected period is primarily due to the expanding adoption of cloud-based administrative platforms, a mounting emphasis on value-focused care models, and an increment in federal and state-level incentives encouraging the application of health information technology. Increased attention towards data protection and cybersecurity in administrative systems, as well as the rising popularity of self-service portals for patients and staff, also contributes to this growth. The projected period will see key trends such as real-time scheduling and appointment management through technology upgrades, innovative automation tools for claim and billing processing, cloud-based infrastructure advancements for scalable administrative operations, integration of telehealth platforms with backend administrative procedures, and improvements in cybersecurity solutions to safeguard administrative data.

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What Drivers Are Propelling the Growth of Technology Spending On Core Administration In Healthcare Market Forward?
Advancements in technology spending on core administration in the healthcare sector are set to be bolstered by the escalating demand for telemedicine. Telemedicine involves the utilization of digital tools such as video conferencing, messaging, and mobile applications to provide healthcare services remotely, diagnosing, treating, and monitoring patients. The widespread acceptance of telemedicine has made healthcare access more convenient, especially for people in rural or underprivileged areas, by eliminating the need for travel. Investments in core administrative technology within the healthcare sector enhance telehealth services by streamlining operations like patient registration, appointments, billing, and processing of claims. This increases efficiency, minimizes delays, and allows providers to concentrate on delivering timely virtual healthcare. To illustrate, in April 2023, FAIR Health Inc., an American non-profit organization, reported a rise in national telehealth use of 7.3%, from 5.5% of medical claim lines in December 2022 to 5.9% in January 2023. Hence, the burgeoning demand for telemedicine contributes significantly to the expansion of technology spending on core administration in the healthcare sector.

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What Trends Will Shape the Technology Spending On Core Administration In Healthcare Market Through 2029 and Beyond?
Major players in the healthcare technology spending market are honing their focus on the creation of advanced solutions to automate administrative functions and enhance the precision of decision-making. These sophisticated solutions include readily available artificial intelligence (AI) tools specific to healthcare. Such AI tools eliminate the necessity for substantial custom development, thereby enabling the rapid assimilation of enhanced capabilities such as automation, data examination, and forecasting, leading to a more streamlined workflow. As an example, Salesforce Inc., a cloud-based software company in the United States, launched Agentforce for Health in February 2025. This is a compilation of agent-based AI tools ready to be used in automating administrative, clinical, and public health tasks in the healthcare sector. The platform incorporates features like scheduling patient appointments, checking eligibility with insurers and supporting care coordination. Additionally, it has the ability to help monitor diseases and match clinical trials by aggregating data from diverse registries. This is intended to decrease administrative load, fight employee burnout, and bolster operational effectiveness for medical providers and insurers.

What Are the Key Segments in the Technology Spending On Core Administration In Healthcare Market?
The technology spending on core administration in healthcare market covered in this report is segmented

1) By Type: Software, Hardware, Services
2) By Technology: Electronic Health Records (EHRs), Patient Management Systems, Financial Management Systems, Supply Chain Management Systems, Revenue Cycle Management System
3) By Deployment Mode: On-Premise, Cloud-Based, Hybrid
4) By Application: Patient Management, Staff Management, Inventory Management, Other Applications
5) By End-User: Hospitals, Clinics, Insurance Providers, Other End-Users

Subsegments:
1) By Software: Electronic Health Record (EHR) Systems, Practice Management Software, Revenue Cycle Management (RCM) Software, Patient Scheduling Software, Claims Management Software
2) By Hardware: Servers and Storage Devices, Workstations and Desktops, Networking Equipment, Scanners and Imaging Devices, Point-of-Care Devices
3) By Services: Information Technology Consulting and Support, System Integration Services, Managed Services, Training and Education Services, Maintenance and Upgrades

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Who Are the Key Players Shaping the Technology Spending On Core Administration In Healthcare Market's Competitive Landscape?
Major companies operating in the technology spending on core administration in healthcare market are Microsoft Corporation, Siemens AG, International Business Machines Corporation, Oracle Corporation, Tata Consultancy Services (TCS) Limited, Cognizant Technology Solutions Corporation, GE Healthcare Technologies Inc., Infosys Limited, Prime Healthcare Services Inc., Conduent Incorporated, Evolent Health Inc., Veradigm Inc., Tempus AI Inc., Tebra Inc., 314e Corporation, Qventus Inc., Meditab Software Inc., CodaMetrix Inc., Raintree Systems Inc., ReLi Med Solutions Inc.

What Geographic Markets Are Powering Growth in the Technology Spending On Core Administration In Healthcare Market?
North America was the largest region in the technology spending on core administration in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the technology spending on core administration in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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