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Market Scope
Market
Research Future (MRFR) assessed the global Healthcare Claims Management Market
2021 over the study tenure till 2027. MRFR data suggests that the advent of new
treatments and technologies offering delivery of quality healthcare services
can cause the market of Healthcare
Claims Management Market report to rise at a healthy CAGR of around 5.37%
in the study period. By 2027, the global healthcare claim management market is
anticipated to garner decent revenue.
Market Drivers and
Restraints
Managing
healthcare claims processes comprises different tasks, such as; billing,
organization, processing, filling, and updating medical claims that are related
to treatment, diagnosis, and medication of patients. The increase in focus on
delivering quality healthcare services and surge in the adoption of cloud-based
technology and associated services are expected to promote the market rise in
the study period. The integration of robust claims management solutions to prevent
data breaches and protect confidentiality is observed as another factor that is
expected to bolster the expansion of the market in the review tenure. On the
contrary, lack of IT expertise in the healthcare domain are other factors that
can restrain the upsurge of the healthcare claims process market.
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Key Players
Oracle
Corporation, Accenture plc., Allscripts Healthcare Solutions, Inc., IBM
Corporation, Cognizant Technology Solutions Corporation and Genpact Limited,
Infor Inc., Cerner Corporation, eClinicalWorks, McKesson Corporation,
athenahealth, Inc., Optum, Inc., Conifer Health Solutions, Avaya Inc., and
nThrive, Inc are some eminent players in the global Healthcare Claims
Management Market that are listed by MRFR.
Market Segmentation
The
segment study of the global Healthcare Claims Management Market is based on
component, end-user, and delivery mode type.
The
component-based segments of the Healthcare Claims Management Market are
services and software. Rapid advancements in technology and high investment of
software vendors in developing highly efficient healthcare claim management
software solutions is expected to favor the market in the upcoming years.
The
delivery mode-based segments of the Healthcare Claims Management Market are
cloud based and on-premise. The inclination towards cloud-based solutions of
healthcare claim management is identified to prompt the market upsurge.
The
type-based segments of the Healthcare Claims Management Market are standalone
and integrated. The high preference of integrated healthcare claim management
solutions by different health insurance companies is likely to promote the
market growth.
The
end-user-based segments of the Healthcare Claims Management Market are
providers and healthcare payers. The increase in the number of healthcare
players is anticipated to favor the market rise in the foreseeable future.
Regional Analysis
The
market healthcare claim management in the Americas is likely to maintain its
dominance over the forecast tenure. This is likely owing to innovative and new
treatments and technologies that can benefit the market upsurge in the near
future. The heavy cash inflow from various government agencies to boost
healthcare IT infrastructure setup is expected to promote the establishment of
numerous healthcare claims management providers which, in turn, can benefit the
expansion of the Americas market in the years to come. As per the study of the
National Health Expenditure Accounts (NHEA), U.S. healthcare spending is likely
to increase by considerable revenue in the years to come. In Europe, the surge
in the increasing investment for building and maintaining a robust healthcare
infrastructure and promoting effective services can benefit the market in the
near future. In Asia Pacific, the market of healthcare claims management is
observed to hold high potential, which, in turn, can promote the rise of the
market in the APAC. In addition, the existence of some top-notch companies in
the worldwide healthcare claims management solutions market is likely to prompt
the APAC healthcare claim management market by 2027. In addition, the proactive
participation of governments in APAC for the
market growth counting on the introduction of several initiatives to
spread awareness among people are likely to promote the market growth in the
years to come. The market in the Middle East and Africa is expected to rise at
moderate pace and secure the smallest share of the worldwide Healthcare Claims
Management Market by 2027. Issues with healthcare IT solutions expense to
impact MEA market.
The
global market of Healthcare Claims Management Market is expected to gain decent
revenue from top-notch market players across the world. The introduction of
innovations by several players in the market and strategic collaborations among
these players are observed to work in favor of the Healthcare Claims Management
Market in the years to come.
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