Healthcare Services Market Report, Size, Share, Trends, Analysis, Growth & Forecast 2021-2026 – Fastbreak Daily
According to the latest IMARC group report titled ” Paid Healthcare Services Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, The market reached a value of US $ 20.3 billion in 2020. Global Healthcare Payment Services Market Size grow at a CAGR of 11.5% during 2021-2026. Paid healthcare services refer to solutions outsourced by insurers or healthcare organizations to manage complaints, patient engagement, audits, medical documents and customer relations. These services include Business Process Outsourcing (BPO), Knowledge Process Outsourcing (KPO) and Information Technology Outsourcing (ITO). They help improve quality, efficiency, process compliance, and data accuracy across the healthcare organization. These services are also used for member and supplier management, human resources (HR) solutions, analysis, billing and account management, and fraud detection.
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Like the new coronavirus (COVID-19[female[feminine) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the purchasing behaviors of consumers around the world and our estimations on the latest market trends and forecasts are made after considering the impact of this pandemic.
The global market for paid healthcare services is driven primarily by the increasing adoption of insurance policies by patients. Healthcare payer services allow hospitals and other medical centers to reduce turnaround times and eliminate the need for reworking claim documents. Various technological advancements and the increasing adoption of scanning by healthcare organizations for fraud detection are also positively impacting the growth of the market. Other factors including significant growth in healthcare industry along with increasing use of outsourcing business modes are driving the market growth.
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Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
- Accenture plc
- Cognizant Technology Solutions Corporation
- Concentrix Corporation
- ExlService Holdings Inc
- Genpact Limited
- HCL Technologies Limited
- Hinduja Global Solutions Limited
- HP LP Development Company
- McKesson Company
- UnitedHealth Group Incorporated
- Wipro Limited and Xerox Corporation
Segmentation of the paid healthcare services market:
Our report has categorized the market on the basis of region, type, application, and end use.
Breakdown by type:
- BPO services
- ITO Services
- KPO Services
Breakdown by application:
- Fraud analysis and management services
- Complaints management services
- Integrated Front Office Service and Back Office Operations
- Membership management services
- Supplier management services
- Billing and account management services
- HR services
Breakdown by end use:
- Private payers
- Public payers
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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