Healthcare BPO Market is Projected to Reach US$ 300 Billion By 2022

New York, February 22, 2018: The Global Healthcare BPO Market is expected to exceed more than US$ 300 billion by 2022 and will grow at a CAGR of more than 10% in the given forecast period.

The Global Healthcare BPO Market is segmented on the lines of its type and regional. Type is further classified into payer services, provider services and pharmaceutical type. Payer service is classified into claims management, member management, front-end/back-office operations, provider management, analytics and fraud management, finance and accounts and HR services. Under provider services it covers medical billing, medical transcription, medical coding and finance and accounts. Pharmaceutical is classified into manufacturing, non-clinical services and R&D. The Global Healthcare BPO Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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BPO is a phase of outsourcing, which includes subcontracting the business procedures of a business enterprise to a third-party supplier that has the information in the required domains. It allows customers to boom their operational efficiency, focus on their center abilities, reduce time to marketplace, acquire get admission to fresh skills and revel in along with the state of the art technologies, and build an organization with a cost-effective fee shape in the end. the healthcare area has been witnessing the adoption of BPO offerings due to verified blessings, including fee discount, improved patient care services, and team of workers performance.

The major driving factors of Global Healthcare BPO Market are as follows:

• Strain to reduce healthcare delivery cost
• Performance of PPACA
• Consolidation of healthcare systems
• Compound clinical trial procedure
• Strict regulatory requirements

The restraining factors of Global Healthcare BPO Market are as follows:

• Fear of losing control over the outsourced process
• Fears over service quality

This report provides:

1) An overview of the global market for healthcare BPO and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans for Global Healthcare BPO.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Accenture PLC (U.S.), Cognizant Technology Solutions Corporation (U.S.), Infosys BPO Ltd. (India), Tata Consultancy Services Ltd. (India), and Xerox Corporation (U.S.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The scope of the report includes a detailed study of global and regional markets for Global Healthcare BPO Market with the reasons given for variations in the growth of the industry in certain regions.

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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Healthcare BPO Market Segmentation
5.3 Healthcare BPO Market Dynamics
5.3.1 Drivers
5.3.1.1 Implementation of Ppaca Stimulating Growth in Healthcare Outsourcing
5.3.1.2 Pressure to Reduce Rising Healthcare Costs
5.3.1.3 Complex Clinical Trial Protocols and New Reporting Requirements Compel Pharma Companies to Outsource
5.3.1.4 Patent Expiry of Blockbuster Drugs
5.3.2 Restraints
5.3.2.1 Hidden Costs of Outsourcing
5.3.2.2 Fear of Losing Visibility and Control Over the Business Process
5.3.3 Opportunities
5.3.3.1 Consolidation of the Healthcare System in Developed Countries
5.3.3.2 Mandatory Implementation of ICD-10 Codes
5.3.4 Challenges
5.3.4.1 Product/Service Quality Loss
5.3.4.2 Data Security and Confidentiality
5.4 Outsourcing Approaches:
5.4.1 Bundled Services
5.4.2 Fee for Service
5.4.3 Flexible Contracts
5.4.4 Best-Shore
5.5 Outsourcing Models
5.5.1 Multisourcing
5.5.2 Captive Center
5.5.3 Hybrid Delivery Model
5.5.4 Preferred Provider
5.5.5 Strategic Partnership
5.5.6 Global Delivery Model
6 Healthcare BPO Market, By Provider Service
7 Healthcare BPO Market, By Payer Service
8 Healthcare BPO Market, By Pharmaceutical Service
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
11.1 Introduction
11.2 Cognizant Technology Solutions Corporation
11.3 Infosys BPO Limited
11.4 Accenture PLC
11.5 Xerox Corporation
11.6 Tata Consultancy Services Ltd.
11.7 Accretive Health, Inc.
11.8 Genpact Limited
11.9 IBM Corporation
11.10 Quintiles Transnational Holdings, Inc.
11.11 Lonza Group Ltd.

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