Global Healthcare Payer BPO Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 7.05% during the forecast period.Global Healthcare Payer BPO Market Overview:
Healthcare BPO services enhance capital delivery, improve financial performance, and increase healthcare provider efficiency. Faced with the costs, healthcare BPO outsourcing is on the rise, with an increasing number of healthcare facilities and hospitals turning to specialist healthcare BPOs for non-core operations. Payer organizations have to spend money on technology, facilities, and obtaining a professional talent pool to manage high volume claim reports and patient records, resulting in very high operating costs, which is expected to boost demand for healthcare BPO services in the future. In addition, increasing technological advancement, thanks to the rising number of healthcare payer service providers and increasing pressure of cost-cutting contribute to the major growth for the market throughout the forecast period. The cost of outsourcing healthcare payer services are less as compared to in-house payer services. The constantly rising geriatric population is one more key factor contributing to the growth of the global market. The health conditions like cardiovascular diseases, cancers, respiratory diseases, and orthopedic problems, among others. Increasing occurrences of such diseases lead to increased workload for the insurance companies, to overcome these challenges key players of the healthcare sector adopt healthcare payer BPO services. On the other hand, data security and confidentiality concerns could be obstructing the growth of the healthcare payer BPO market during the forecast period.Global Healthcare Payer BPO Market Segment Analysis:
The global Healthcare Payer BPO market is segmented into Service Type and Application. Based on service type, the market HR Services, Finance, and Accounts Claims Processing Services, Member Service. Among these, the claims processing services segment is accounted for a market share of nearly 56.7% in the global market and is expected to maintain its steady position during the forecast period. Thanks to the increasing number of people take up health insurance. Outsourcing of claims processing services to healthcare payer service providers decreases cost and saves time for insurance companies. Further detailed analysis of each segment is explained in the MMR report.To know about the Research Methodology :- Request Free Sample Report
Global Healthcare Payer BPO Market Regional Insights:
North America is expected to dominate the global market throughout the forecast period (2020-2026), because of high public and private healthcare expenditures, a high percentage of claim records, and promising government policies accelerating the market growth in North America. The Asia Pacific is expected to grow at the highest CAGR of XX% during the forecast period, due to high economic development, penetration of insurance services in urban & rural centers, and favorable government policies. For example, the Indian government’s initiatives such as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, are expected to benefit millions of people looking for life insurance and personal accident coverage.The report focuses on the Healthcare Payer BPO market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Global Healthcare Payer BPO Market Scope: Inquire before buying
Global Healthcare Payer BPO Market, by Region
• North America • Europe • Asia Pacific • Middle East & Africa • South AmericaGlobal Healthcare Payer BPO Market Key Players
• UnitedHealth Group, Inc. • Cognizant Technology Solutions • IBM Corporation • Genpact • Accenture PLC • Xerox Corporation • Hewlett-Packard • Aetna Inc. • EXL Service Holdings, Inc. • Wipro Limited • Hinduja Global Solutions • HCL Technologies Ltd. • Others
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Healthcare Payer BPO Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Healthcare Payer BPO Market 3.4. Geographical Snapshot of the Healthcare Payer BPO Market, By Manufacturer share 4. Global Healthcare Payer BPO Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Healthcare Payer BPO Market 5. Supply Side and Demand Side Indicators 6. Global Healthcare Payer BPO Market Analysis and Forecast, 2019-2026 6.1. Global Healthcare Payer BPO Market Size & Y-o-Y Growth Analysis. 7. Global Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 7.1.1. HR Services 7.1.2. Finance and Accounts 7.1.3. Claims Processing Services 7.1.4. Member Service 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.2.1. Financial 7.2.2. Insurance 7.2.3. Human Resource 7.2.4. Marketing and Sales 7.2.5. Other 8. Global Healthcare Payer BPO Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 9.1.1. HR Services 9.1.2. Finance and Accounts 9.1.3. Claims Processing Services 9.1.4. Member Service 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.2.1. Financial 9.2.2. Insurance 9.2.3. Human Resource 9.2.4. Marketing and Sales 9.2.5. Other 10. North America Healthcare Payer BPO Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12. Canada Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13. Mexico Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14. Europe Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 15. Europe Healthcare Payer BPO Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17. France Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18. Germany Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19. Italy Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20. Spain Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21. Sweden Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22. CIS Countries Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23. Rest of Europe Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24. Asia Pacific Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 25. Asia Pacific Healthcare Payer BPO Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27. India Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28. Japan Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29. South Korea Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30. Australia Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31. ASEAN Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32. Rest of Asia Pacific Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33. Middle East Africa Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 34. Middle East Africa Healthcare Payer BPO Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36. GCC Countries Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37. Egypt Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38. Nigeria Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39. Rest of ME&A Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40. South America Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 41. South America Healthcare Payer BPO Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43. Argentina Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44. Rest of South America Healthcare Payer BPO Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Service Type, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Healthcare Payer BPO Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. UnitedHealth Group, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cognizant Technology Solutions 45.3.3. IBM Corporation 45.3.4. Genpact 45.3.5. Accenture PLC 45.3.6. Xerox Corporation 45.3.7. Hewlett-Packard 45.3.8. Aetna Inc. 45.3.9. EXL Service Holdings, Inc. 45.3.10. Wipro Limited 45.3.11. Hinduja Global Solutions 45.3.12. HCL Technologies Ltd. 45.3.13. Others 46. Primary Key Insights