Global Healthcare Payment Services Market Snapshot to 2030 – Featuring Cognizant, Accenture, and Genpact, Among Others –

DUBLIN–(BUSINESS WIRE)–The “Healthcare Payment Services Market Size, Share and Trend Analysis Report by Services (BPO Services, ITO Services, KPO Services), by Application (Claims Management Services ), by end use and segment forecast, 2022-2030″ has been added to from offer.

The global healthcare payer services market is expected to reach USD 111.9 billion by 2030, registering a CAGR of 7.7%.

Companies cited

  • Competent

  • Exl

  • Hgs Limited (Hinduja Global Solutions Limited)

  • Accenture

  • Xerox Company

  • Concentrix Company

  • Genpact

  • Wipro Limited

  • HCL Technologies Limited

The industry is expected to experience a high demand for IT operations to enable businesses to focus on their core tasks and reduce operational costs. Growing vigilance regarding data security and customer orientation in projects, especially in the Aerospace & Defense and BFSI sectors, is fueling the demand for outsourcing IT services.

The market is growing owing to the ever-increasing demand for consultancy-related projects. The growing need for skills in formulating and streamlining IT strategy, enterprise architecture consulting, portfolio consulting and ensuring efficient and smooth digital transformation is further driving the growth of the sector. Rapid innovations, providing various benefits to different industries globally, will also support the growth of the market. Delegating time-consuming and tedious tasks to service providers allows companies to focus on their core functionality and reduce the load on their internal resources. It also offers optimization of capacity, resources and flexibility to meet the demands of the changing business environment, and better access to innovation and intellectual property.

Service providers offer different operational and pricing models to gain a competitive advantage over others. The advent of cloud computing has fueled the growth of the market as it enables enterprises to automate and simplify their business applications and processes. Consequently, enterprises, especially small and medium-sized enterprises (SMEs), are widely deploying Software as a Service (SaaS) model and Infrastructure as a Service (IaaS) model, which has forced service providers to capitalize on cloud-based offerings. .

The COVID-19 pandemic has had a significant impact on the healthcare payer services market. The market is doing well financially compared to other sectors due to an increase in the demand for medical care. However, the coming years for the market economy are full of threats. However, payers are doing their part in this pandemic by providing provider support, helping with the management and delivery of COVID-19 related supplies to multiple healthcare providers, and also creating web portals that provide information. relevant and timely on COVID-19. .

Highlights of the Healthcare Payment Services Market Report

  • IoT services led the market with a share of 51.1% in 2021, owing to the increase in the use of innovative and advanced technologies in healthcare.

  • The claims management services segment held a major market share of 29.9% in 2021, owing to rising healthcare expenditures and other factors that drive the number of people enrolled in Medicare and Medicaid services.

  • Public payers are expected to show the fastest growth of 7.7% over the forecast period. This may be due to the growing presence of international health insurance laws such as the ACA, HIPAA, and ICD-10.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

2.1 Market Outlook

2.2 Sector outlook

2.3 Competitive outlook

Chapter 3 Healthcare Services Market: Variables, Trends and Scope

3.1 Market Lineage Prospects

3.1.1 Parent Market Outlook

3.1.2 Ancillary Market Outlook

3.2 Mapping of penetration and growth prospects

3.3 Analysis of market variables

3.3.1 Market Driver Analysis Presence of various health policies Growing disease burden Increased adoption of health insurance policies

3.3.2 Market Restraint Analysis Increase in legal and regulatory constraints for offshore outsourcing

3.4 Healthcare Payment Services Market: Analysis Tools

3.4.1 Porter’s Five Forces Analysis

3.4.2 PESTEL analysis

3.4.3 Analysis of major transactions and strategic alliances Mergers and acquisitions Extensions Agreement and collaborations Product and service launches

3.4.4 Market entry strategies

Chapter 4 Healthcare Payment Services Market: Service Segment Analysis

Chapter 5 Healthcare Payment Services Market: Application Segment Analysis

Chapter 6 Healthcare Payment Services Market: End-Use Segment Analysis

Chapter 7 Healthcare Payment Services Market: Regional Analysis

Chapter 8 Company Profiles

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