|
|
Home | Submit Press Release | Advertise | Submit Website
(Hosting-NewsWire.com, November 13, 2017 ) Business Process Outsourcing (BPO) is where medicinal services suppliers select the most suitable outsider sellers for a portion of the particular business methodology. It enables the healing facilities and therapeutic experts to invest their vitality and significant time in tolerant care as opposed to doing some printed material in the workplace. Human services BPO is an answer for customers to embrace astute methodologies that will bolster the association to lessen the cost weights and increment in the general efficiency. Social insurance BPO advertise gives different arrangements, for example, front-end administrations, client account setup, charging and account receivables, supplier organize administrations, enlistment administrations, claims administrations, Medicare administrations, participation administrations, and drug store benefits administration.
Healthcare BPO market is primarily driven by a few key factors such as lack of in-house trained professionals for specific processes, cost-effective availability of workforce, and lack of industry knowledge. The pressure to decrease delivery costs healthcare sector, rise in number of insurance seeking patients, pharmaceutical companies facing patent expiries, consolidation of the healthcare systems and implementation of the ICD-10 codes and lower cost of manufacturing in developing countries are the major drivers for the Healthcare BPO market. However, with the ongoing trends in the healthcare BPO, customers face challenges in data security & reliability, increasing regulatory compliance, and handling huge amount of healthcare data, fear of losing the control over many outsourced process, probability of decreased quality of services or products, and insecurity for the data are the factors anticipated to hamper the healthcare BPO market growth.
A sample of this report is available upon request @ <||>rnhttps://www.precisionbusinessinsights.com/market-reports/global-healthcare-bpo-market/#ulp-4H8Z4LpNMLEuOnnx
Healthcare BPO market is segmented on the basis of provider services, payer services, pharmaceutical services, end users, and geographical regions.
Healthcare BPO Market by provider services:
Medical Billing
Medical Coding
Medical Transcription
Finance & Accounts
Healthcare BPO Market by payer services:
Integrated Front-end Services and Back-office Operations
Provider Management
Claims Management
Billing and Accounts Management
HR
Analytics and Fraud Management
Member Management
Healthcare BPO Market by pharmaceutical service:
Manufacturing
Research and Development
Non-clinical Services
o Sales and Marketing
o Supply Chain Management and Logistics
o Other Non-clinical Functions
HR
Finance and Accounts
IT
Healthcare BPO Market by end-user:
Hospital
Dental Clinics
Public Service
Others
To view TOC of this report is available upon request @ <||>rnhttps://www.precisionbusinessinsights.com/market-reports/global-healthcare-bpo-market/#ulp-c654SbFYO64MsOhu
The major factor that drives the growth of healthcare BPO is increase in development of healthcare IT. Furthermore, new business models & processes and increase in use of digital technologies in healthcare are driving the growth of healthcare BPO market. Globally healthcare BPO market is expected to grow with a significant CAGR from 2016 to 2027. Rise in geriatric population is expected to be major factor, owing to the susceptibility to several health issues which includes respiratory disorders, cardiovascular diseases (CVD), eye care problems, orthopedic disorders, cancers etc. and rise in the prevalence rate of those diseases led to the increased amount of work for insurance companies. Hence, in order to handle that much of data about huge pool of patients and data of the payer companies need to invest in technology, skilled personnel and infrastructure which led to high operational cost which is anticipated to accelerate the healthcare payer BPO market. Shift from the ICD-9 to ICD-10 coding system posed heavy workload for payers in order to up gradation of their systems, training of staff in turn increases the financial burden. The ICD-9 code system had 13,000 codes, while ICD-10 code system has nearly 68,000 codes. This variation augmented need for HR, accounting, medical coding, skilled personnel and technical operations, hence anticipated to propel the growth of the healthcare BPO markets.
Need more information about this report @ <||>rnhttps://www.precisionbusinessinsights.com/market-reports/global-healthcare-bpo-market/#ulp-14mlyhjMGhVjZqa3
Based on geography, the healthcare BPO market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Currently, North America accounts a leading position in the healthcare BPO market followed by Europe. The major driving factors that have driven the growth of the healthcare BPO market in these regions are steadily increase in changes of regulatory scenario, pressure on healthcare institutions to reduce costs and rising trends for healthcare IT, big data and cloud computing. In the forecast period, Asia-Pacific region is expected to show remarkable growth in the healthcare BPO market as it is developing at a very rapid pace and has shown the emergence of many regional players. The factors that would fuel the growth of healthcare BPO market in Asia-Pacific are increasing awareness regarding various healthcare IT solutions, increase in the number of key players and rapid development in the healthcare infrastructure across the Asian countries.
Some of the top players operating in the healthcare BPO market are QuintilesIMS Inc., HCL Technologies Limited, Accenture, Eli Global, IBM Corporation, Genpact Limited, Parexel, Sutherland, Hewlett-Packard Inc., Truven Health Analytics, United Health Group, Cognizant, Lonza Group Ltd, Accretive Health, Inc., Tata Consultancy Services Ltd, Xerox Corporation, Infosys Limited., and many others.
About Precision Business Insights
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
Contact to Precision Business Insights,
Kemp House,
152 160 City Road,
London EC1V 2NX
Email: sales@precisionbusinessinsights.com
Precision Business Insights
Sales
+1-866-598-1553
sales@precisionbusinessinsights.com
Source: EmailWire.Com 
Source: EmailWire.com
Submit press release on hosting | Submit your hosting website
|
|
