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Insights about healthcare business process outsourcing market revealed by top research firm

Insights about healthcare business process outsourcing market revealed by top research firm

The global healthcare business process outsourcing market report offers indepth analysis market size (revenue), market share major market segments different geographic regions forecast for the next five years key market players and premium industry trends. It also focuses on the key drivers restraints, opportunities and challenges in the healthcare business process outsourcing market.

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The pressure to reduce healthcare delivery costs, increasing number of people seeking insurance, pharmaceutical companies facing patent cliffs, consolidation of healthcare systems and mandatory implementation of ICD-10 codes and lower cost of manufacturing in developing countries are the major drivers for the healthcare BPO market. However, fear of losing control over the outsourced process, probability of reduced service/product quality, and threat to data security are factors expected to restrain the growth of healthcare BPO market.

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The healthcare BPO market is broadly segmented on the type of healthcare services outsourced into provider services, payer services, and pharmaceutical services. The provider services segment is further segmented into medical billing, medical coding, medical transcription, and finance and accounts.

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The medical billing subsegment is expected to account for the largest share of the provider services segment in 2022, owing to an0 increase in the number of people insured.

On the basis of payer services, the healthcare BPO market is categorized into claims management, front-end/back-office operations, member management, provider management, finance and accounts, analytics and fraud management, and HR services. The claims management segment is expected to account for the largest share of the healthcare BPO market in 2022.

Factors such as enactment of PPACA and pressure to make healthcare more affordable are driving the growth of this segment.

MARKET SEGMENTATION

This report analyzes the healthcare business process outsourcing market by the following segments:

  • Healthcare Business Process Outsourcing (BPO) Market, By Provider Services
  • Medical Billing
  • Medical Coding
  • Medical Transcription
  • Other Provider Services
  • Healthcare Business Process Outsourcing (BPO) Market, By Payer Services
  • Member Management Services
  • Claims Management Services
  • Provider Management Services
  • Other Payer Services
  • Healthcare Business Process Outsourcing (BPO) Market, By Pharmaceutical Services
  • Research and Development
  • Manufacturing
  • Non-Clinical Services

KEY MARKET PLAYERS 

Key players in the healthcare business process outsourcing (BPO) market include:

  • Accenture plc
  • Accretive Health, Inc.
  • Cognizant Technology Solutions Corp.
  • Genpact Ltd.
  • Infosys BPO Ltd.
  • Lonza Group AG
  • Quintiles, Inc.
  • Tata Consultancy Services Ltd.
  • Xerox Corp.

 

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