Healthcare Claims Management – Major Pillars of the Global Industry Growth

Objectives of this Study

# To define, describe, segment, and forecast the healthcare claims management market by component, delivery mode, type, end user, and region

# To provide detailed information about factors (drivers, restraints, opportunities, and challenges) influencing healthcare claims management market growth

# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players

# To forecast the size of the healthcare claims management market segments with respect to North America, Europe, Asia, and the Rest of the World (RoW)

# To strategically analyze the market structure and profile the key players of the global healthcare claims management and comprehensively analyze their core competencies

# To track and analyze competitive developments such as agreements, collaborations, and partnerships; product deployments, product launches, and enhancements; acquisitions; and expansions in the healthcare claims management market

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Target Audience for This Study:

# Healthcare insurance companies/payers
# Healthcare IT service providers
# Healthcare institutions/providers
# Venture capitalists
# Healthcare BPO Vendors
# Healthcare KPO Vendors
# Government bodies
# Corporate entities
# Accountable care organizations

Factors Influencing Global Growth:-

The key factors driving the growth of this market are increasing patient volumes, expanding health insurance market, growing importance of denials management, and declining reimbursement rates.

# High Cost of Deployment

# Emerging Countries
# Cloud-Based Solutions
# Artificial Intelligence in Health Insurance
# Rising Adoption of Electronic Health Records

# Integration of Claim Management Solutions
# Data Breaches and Loss of Confidentiality
# Lack of Skilled It Professionals in Healthcare

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Monetary Growth Expectations, Globally:

According to the Research Study conducted by MarketsandMarkets™: The healthcare claims management market is expected to reach USD 13.93 billion by 2023 from an estimated USD 10.77 billion in 2018, at a CAGR of 5.3%.

Geographical Growth Scenario:

North America is expected to account for the largest share of the healthcare claims management market in 2018, followed by Europe. The large share of North America can be attributed to the high and growing HCIT investments in the region and the presence of regulatory mandates favoring the implementation of healthcare claims management solutions. Also, several major global players are based in the US, owing to which the US has become a center for innovation in the healthcare claims management solutions market.

Leading Market Players:

# Cerner Corporation (US)
# McKesson Corporation (US)
# athenahealth (US)
# eClinicalWorks (US)
# Optum, Inc, (US)
# Conifer Health Solutions (US) and many more…

Product deployments, product launches, & approvals; acquisitions; and partnerships, agreements, and collaborations were the key strategies adopted by key players

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