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Healthcare BPO Market worth $468.5 billion by 2026: Increasing Consolidation In The HealthcareIT Industry

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Healthcare BPO Market worth $468.5 billion by 2026: Increasing Consolidation In The HealthcareIT Industry

December 19
22:32 2022
Healthcare BPO Market worth $468.5 billion by 2026: Increasing Consolidation In The HealthcareIT Industry
Some of the prominent players operating in the Healthcare BPO market are Accenture (Ireland), Cognizant (US), Tata Consultancy Services (India), Xerox Corporation (US), WNS (Holdings) Limited (India), NTT Data Corporation (Japan)
North America dominated the market, with a share of 48.6% in 2020, and is expected to register the highest CAGR of 10.6% during the forecast period.

The global Healthcare BPO market is expected to surge at a steady CAGR in the coming years, states the latest Marketsandmarkets Report. The publication offers an insightful take on the historical data of the market and the milestones it has achieved. The report also includes an assessment of current market trends and dynamics, which helps in mapping the trajectory of the global Healthcare BPO Industry. Analysts have used Porter’s five forces analysis and SWOT analysis to explain the various elements of the market in absolute detail. Furthermore, it also studies the socio-economic factors, political changes, and environmental norms that are likely to affect the Healthcare BPO market.

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global market is projected to reach USD 468.5 billion by 2026 from an estimated USD 296.4 billion in 2021, at a CAGR of 9.6%.

The business procedures referenced in the report are fully broken down by item type, driving players, application, and general regions. A similar investigation of the past and the current market situation is recalled for the archive. The report consists of a comprehensive analysis of the market that will help clients to gain knowledge of the market and use it for business purposes.

Top Key Players in the Global Healthcare BPO Market:

Accenture (Ireland), Cognizant (US), Tata Consultancy Services (India), Xerox Corporation (US), WNS (Holdings) Limited (India), NTT Data Corporation (Japan), IQVIA (US), Mphasis (India), Genpact (US), Wipro (India), Infosys BPM (India), Firstsource Solutions (India), IBM Corporation (US), HCL Technologies (India), Sutherland Global (US), GeBBS Healthcare Solutions (US), Lonza (Switzerland), Omega Healthcare (India), R1 RCM (US), Invensis Technologies (India), UnitedHealth Group (US), Sykes Enterprises (US), Parexel International (US), Access Healthcare (US), and Akurate Management Solutions (US).

Drivers: Pressure to reduce the rising healthcare costs

Cost savings form an important consideration in outsourcing, as by doing so, companies can reduce costs on resource management, labor, and space. There is pressure on the margins of healthcare payers due to the rise of health insurance exchanges (online marketplaces to obtain health insurance from competing providers) in the US. This enables consumers to obtain coverage from competing private healthcare providers and is likely to accelerate the adoption of outsourcing to rationalize costs.

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Global Healthcare BPO Market : Segmentation

The chapters on Healthcare BPO segmentation allow the readers to understand consumer needs. It allows the business to grow with precision and accuracy. Analysts have highlighted the elements that are expected to influence the segments in the coming years.

By Provider Service

  • Revenue Cycle Management    
  • Patient Enrollment        
  • Patient Care     

By Payer Service

  • Claims Management
  • Product Development & Business Acquisition (PDBA)             
  • Member Management        
  • Provider Management        
  • Care Management
  • Integrated Front-End Services and Back-office Operations   
  • Billing and accounts management services 
  • HR Services

Regional and Country-level Analysis of The Healthcare BPO Market:

The key regions covered in the Healthcare BPO market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • To understand the future outlook and prospects for the market.
  • Besides the standard structure reports, we also provide custom research according to specific requirements.

Key Questions Answered in the Report

  • How has the rapidly evolving business environment become an important growth engine for the Key market?
  • What are the underlying macroeconomic factors that impact the growth of the Key market?
  • What are the key trends that constantly shape the growth of the Key market?
  • What are the prominent regions that offer abundant opportunities for the Key market?
  • What are the strengths and weaknesses of the key vendors?
  • Who are the Leading key players and what are their Key Business plans in the near future?
  • What will be the Healthcare BPO market size and the growth rate in the coming year?
  • Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry?
  • What are the key outcomes of the five forces analysis of the global market?

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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