Increasing use of advanced technology to drive speed and quality of healthcare payer services. The global Healthcare Payer BPO market is expected to reach US$ XX Million by 2027, with a CAGR of XX% from 2020 to 2027, based on HNY Research newly published report. Understanding the overall value of treatment requires analysis from many perspectives. The ITO services segment dominated thehealthcare payer services market and accounted for 51.1% of the overall revenue share in 2021. The global demand for Healthcare Payer Services Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028. 6. "Europe's most respected pharma forecasting & pricing specialist consultancy.". How big is the healthcare payer services market? Marketing, Sales & Communications arrow_forward. By clicking on the Submit Request button you are providing consent for us to store your data and contact you. Need to talk to an expert? The Global Healthcare Payer Services Market size was estimated at USD 58.17 billion in 2021, USD 61.71 billion in 2022, and is projected to grow at a CAGR of 6.34% to reach USD 84.14 billion by 2027. What is Payer Marketing (Value & Access)? We combine measurable psychology and anthropology-based research with our knowledgeable staff to provide actionable and targeted results. In a recent article, the NAVLIN Insights team . The increasing demand for low-cost skilled professionals in the developed economies to share the workload and to cater to high-end healthcare payer analytical applications, and the growing outsourcing of infrastructural management, application management, and data architecture are expected to positively reinforce this segments growth during the forecast period. A. This market is mainly driven by the need for regulatory compliance, improved patient care and cost containment in healthcare, and accurate, secure, & fast systems to manage critical information. Some key players operating in the healthcare payer services market include United HealthCare Services, Inc., Anthem, Inc., Aetna, Inc., Accenture, Cognizant, Xerox Corporation, and Genpact. See for yourself. As a leading payer market research firm, we provide actionable insights to help our clients to understand the target market, market trends, industry developments, competitors, and make them to stay with competitive edge. The global healthcare payer solution market is segmented into service, application, end user, and region. Key factors that are driving the healthcare payer services market growth include increasing demand for streamlined business processes to provide better customer services and reduce the overall operating cost. Capitalizing on attractiveness of Medicare Advantage . Hence, the regional market is expected to witness significant growth during the forecast period. Most intriguingly of all, payers are starting to re-evaluate the evidence they require when they review new medicines, with cost-effectiveness - a major focus in European markets but rarely a factor in the US - quietly emerging as a potential consideration. Worldwide events and online communities for the global healthcare industry. Looking forward, IMARC Group expects the market to reach US$ 49.6 Billion by 2027, exhibiting a CAGR of 11.4% during 2022-2027. Pharmaceutical companies should expect to see changes in payer management for oncology over the next 2-3 years. "The quality of research they have done for us has been excellent.". This report elaborates on the current development of the Healthcare Payer Services industry thoroughly based on the international market dynamics and China's market situation. Thank you for contacting us, our sales representative will get in touch with you shortly! Start reading instantly.This Report and over 19,178+ more Reports, Available with Avenue Library. The industry has responded by conducting a number of value assessments on these pipeline drugs, normally with a number of the following stated objectives: Evaluating the current and future payer environment; Determining key drivers of value; Value-based positioning and pricing; Developing value messages; *Taxes/Fees, if applicable will be added during checkout. The COVID-19 pandemic created challenges for healthcare payers. We are GDPR and CCPA compliant! Global Healthcare Payer BPO Market Research Report 2022 Table of Contents 1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Healthcare Payer BPO Market Size Growth Rate by Type: 2017 VS 2021 VS 2028 1.2.2 Claims Processing Services 1.2.3 Member Services 1.2.4 HR Services 1.2.5 Finance And Accounts 1.3 Market by Application This expected growth is due to rising healthcare expenditure, increasing prevalence of chronic diseases, and rising demand for resources in developing countries, like China and India. Healthcare Payer Services Market Overview 2022-2028. However, the public payers' segment is expected to emerge as the fastest growing with a CAGR of 7.7% during the forecast period. This is an enterprise license, allowing all employees within your organization access to the product. ET An in-depth analysis based on region assists to understand the regional healthcare payer solution market and facilitate the strategic business planning. The market research report covers the analysis of key stake holders of the healthcare payer market. Get detailed COVID-19 impact analysis on the Healthcare Payer Solution Market. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our . Our Expertise Payer Identification and Profiling Payer SWOT Analysis Health Policy Analysis Healthcare Tender Analysis Burden of Illness Literature Review To better understand the core questions surrounding improving payer interactions through marketing research innovation, Best Practices, LLC conducted a research project. The payer marketing team will generally work with HEOR to ensure that needed evidence is being generated and to ensure alignment with materials being developed for the account team v. for the field medical payer team. The global payer services market is expected to grow from $101.76 billion in 2021 to $116.52 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. No larger than 2MB The global healthcare payer services market was valued at $40.6 bn in 2016 and is forecast to grow at a CAGR of 11.1% between 2017 and 2024, culminating in 2024 global market size of $106 bn. Payer Summit brings payers and clinical experts together. Global Healthcare Payer Services Market: Trends and Opportunities. Moreover, surge in investment by key players in cloud computing to strengthen their portfolio is another reason that boosts the growth of the healthcare business process outsourcing services market. In addition, the market is exhibiting high growth rate, owing to surge in adoption of AI and analytics. Top companies such as, Hinduja Global Solutions Limited, International Business Machines Corporation Technology, McKesson Corporation, UnitedHealth Group Incorporated, and Wipro Limited held a high market position in 2019. Business Process Outsourcing services segment is the most influencing segment owing to high demand of BPO services and surge in investment by key players in cloud computing to strengthen their portfolio for healthcare business process outsourcing services. Looking forward, IMARC Group expects the market to reach US$ 49.6 Billion by 2027, exhibiting a CAGR of 11. . Healthcare Payer Services Market Research Report by Outsourcing Services, Application, End User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19 The Global Healthcare Payer Services Market size was estimated at USD 58.17 billion in 2021 and expected to reach USD 61.71 billion in 2022, and is projected to grow at a CAGR 6.34% to . The increasing rate of digitization in the healthcare industry is the primary factor driving growth in the analytics for the payers' market. Healthcare Payer Services Market Research Report by Outsourcing Services, Application, End User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19 . Key Insights. The healthcare payer solution providers have further focused on expanding their presence in the emerging economies to strengthen their foothold in the market. Market Research arrow_forward. Here are a the top five healthcare trends and payer tactics that our Health Strategies Insights team is watching. This is due to the increasing private investment in the healthcare payer vertical and growing government support to promote private investment in the healthcare industry. There is a lot of automation going on to streamline the services. No purchase commitment. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in Chapter 8-13: Healthcare payer services providers help payers engage members actively, lower healthcare costs, comply with . It is rapidly changing, with regulations creating a primary catalyst. Free Directory of 7,000 Market Research Companies, 990 Focus Group Facilities, 5,000 Market Research Articles, Market Research Jobs, Events, Online Research +more By application, the claims management services segment dominated the market, owing to urge in bringing down the wasteful spending in healthcare and increase in demand to streamline the process. The healthcare payer services market size was valued at USD 57.3 billion in 2021 and is anticipated to exhibit a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The expected market value of healthcare payer solution market in 2027 is $41,906.64 million. A. Payer Identification & Profiling. For future initiatives, the key players are involved in strategic partnerships, addressing systematic health inequities. Moreover, the growing need in the emerging economies for low-cost high skilled professionals for domain-specific core and non-core activities of the payer vertical is one of the crucial factors anticipated to propel the sector growth in the coming years. Healthcare payer solution market size and estimations are based on a comprehensive analysis of the end users, developments, and services in the industry. The overall influence of payers is rising and the types of payers influencing healthcare access are diversifying in todays rapidly changing healthcare marketplace. The major factor that fuels the growth of the global healthcare payer solution market includes the rising cost of healthcare systems and urge to decrease wasteful spending. Traditional approaches to qualitative payer research typically offer poor results because they inadequately reproduce the real-world process of payer education. IQVIA provides detailed, accurate information and advanced analytics designed specifically to healthcare and therapeutic areas to supplement your own insights. The global healthcare payer services market reached a value of US$ 27.1 Billion in 2021. Countries such as the Philippines, China, Singapore, India, and Vietnam are at the epicenter of establishing delivery centers by the BPO service providers, thus promising higher activity from these regions during the forecast period. Horizontal membership growth for business mix and financial success. Payer Marketing Services Additional clinical benefit is the key value message of manufacturers. The global healthcare payer services market reached a value of US$ 27.1 Billion in 2021. Healthcare Payer. Your CV Your file must be a .doc, .pdf, .docx, or .rtf. Our full-service payer market research analytics include: Qualitative message testing The Healthcare Payer Services market is segmented into Product Types: BPO Services ITO Services KPO Services It is expected that due to this overburden of COVID-19 on the healthcare system, it will lead to huge losses in administrative operation. Furthermore, due to inventory management, the demand for healthcare supply chain business process outsourcing is increasing. . Biopharma leaders can optimize market access across a portfolio of products by analyzing how therapeutic area (TA) dynamics, including the level of competition, could influence the use of payer tools to manage access. The private payers accounted for the majority revenue share of 52.1% in 2021. Once the customer's point of view is understood, there are at least three key marketing activities. Due to the advent of the digital era, the procedure has been streamlined and turnaround times have improved significantly. In addition, surge in demand for health coverage in emerging markets due to the COVID-19 pandemic and increase in health insurance awareness among previously uninsured patients are expected to boost the growth of the healthcare payer solution market. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Google+ (Opens in new window). The factors that fuel the growth of the global healthcare payer solution market include the surge in healthcare costs across the globe and the urge to reduce the operational costs associated with it. North America dominated the market and captured a revenue share of 76.1% in 2021. Major players operating in the market include UnitedHealth Group Incorporated, McKesson Corporation, HMS Holdings Corp, International Business Machines Corporation, Change Healthcare, Inc., Accenture plc, Cognizant Technology Solutions Corporation, Hinduja Global Solutions Limited, Inovalon Holdings, Inc., and Wipro Limited. To maximize your payer research insights you need to reproduce the real-world interactions between payers and clinicians. Your email address will not be published. As you can see from the graph below, the average payer HIT vendor's score in 2016 was about 73, which has changed over time to about 83 in 2021. You may withdraw your consent at any time by instructing us atmoc/noitamrahpni//ofni. DO YOU HAVE SPECIFIC REQUIREMENTS? At any time by instructing us atmoc/noitamrahpni//ofni on the healthcare payer services market reached value... Analysts, we are redefining the way our high growth rate, owing surge. 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