Global Healthcare Payer Services Market size is expected to grow at 12.17% throughout the forecast period, reaching nearly US$ 52.55 Bn by 2029. The report includes the analysis of the impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lockdown was implemented differently in different regions and countries, the impact of the same is also different by regions and segments. The report has covered the current short-term and long-term impact on the market, same will help decision-makers to prepare the outline for short-term and long-term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report Services that are outsourced by healthcare insurance payers and providers to streamline their business processes and deliver better services to their customers are collectively called Healthcare Payer Services. Healthcare payer services provide a reduced burden of administration, procurement, accounting, logistics, and other tasks, as well as develops cost-effective business processes.
Global Healthcare Payer Services Market Segment Analysis:
Global Healthcare Payer Services Market is segmented by services, application, end user, and geography. Services segment is classified as KPO services, BPO services, and ITO services. BPO services segment is expected to lead the market in the forecast period, owing to high demand to incorporate health insurance exchanges in the private healthcare insurance enrolment procedures. End-user segment is divided as private payers and public payers. Application segment is divided as to claims management services, integrated front office service and back-office operations, member management services, provider management services, billing and accounts management services, analytics and fraud management services and HR services. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Increasing demand for advanced technologies to operate business process services in a cost-effective way is trending in overall Global Healthcare Payer Services Market. However, rising incidences of data breaches and loss of confidentiality will restrain the market growth. North America is expected to lead the Healthcare Payer Services Market during the forecast period followed by Europe and APAC. Increasing health insurance enrollment, the favorable individual mandate levied by the ACA, the presence of favorable reimbursement framework will fuel the Global Healthcare Payer Services Market in the North America region.Healthcare Payer Services Market Research Methodology:
The research methodology used in this report contains various secondary sources including Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Global Healthcare Payer Services Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Healthcare Payer Services Market globally.Key Highlights:
Global Healthcare Payer Services Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Healthcare Payer Services Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Healthcare Payer Services Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.Healthcare Payer Services Market Key Target Audience:
Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies Healthcare Payer Service companies A Healthcare institutions (hospitals, medical groups, physicians’ practices, diagnostic centres, pharmacies, ambulatory centres, and outpatient clinics) Healthcare Payer Service providers Government Bodies The objective of the report is to present comprehensive analysis of Global Healthcare Payer Services market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Healthcare Payer Services market dynamics, structure by analyzing the market segments, and project the Global Healthcare Payer Services market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Healthcare Payer Services market make the report investor’s guide.The scope of the Healthcare Payer Services Market: Inquire before buying
Healthcare Payer Services Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 23.51 Bn. Forecast Period 2023 to 2029 CAGR: 12.17% Market Size in 2029: US $ 52.55 Bn. Segments Covered: by Services KPO Services BPO Services ITO Services by Application Claims management services Integrated front office service and back-office operations Member management services Provider management services Billing and accounts management services Analytics and fraud management services HR Services by End-User Private Payers Public Payers Healthcare Payer Services Market, By Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Key Players are :
1.UnitedHealth Group, Inc. 2.Anthem Inc. 3.Xerox Corporation 4.Aetna Inc. 5.Wipro Limited 6.HCL Technologies Ltd. 7.Genpact Limited 8.Dell, Inc. 9.Hinduja Global Solutions Limited 10.Hewlett-Packard 11.Concentrix Corporation (A Subsidiary of Synnex Corporation) 12.Exlservice Holdings, Inc. 13.Accenture PLC 14.Cognizant Technology Solutions 15.EXL 16.Concentrix Corporation 17.HGS Ltd. 18.United HealthCare Services Inc.Frequently Asked Questions:
1. Which region has the largest share in Global Healthcare Payer Services Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Healthcare Payer Services Market? Ans: The Global market is growing at a CAGR of 12.17% during forecasting period 2023-2029. 3. What is scope of the Global Healthcare Payer Services market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Healthcare Payer Services market? Ans: The important key players in the Global market are – UnitedHealth Group, Inc., Anthem Inc., Xerox Corporation, Aetna Inc., Wipro Limited, HCL Technologies Ltd., Genpact Limited, Dell, Inc., Hinduja Global Solutions Limited, Hewlett-Packard, Concentrix Corporation, Exlservice Holdings, Inc., Accenture PLC, Cognizant Technology Solutions, EXL, HGS Ltd., and United HealthCare Services Inc. 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.Available Customization:
Maximize Market Research offers customization of report and scope of the report as per the specific requirement of our client.
Global Healthcare Payer Services Market
1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. END-USER OVERVIEW 4.1. Value Chain Analysis 4.2. Key Trends 5. GLOBAL HEALTHCARE PAYER SERVICES MARKET, BY SERVICES (2022-2029) 5.1. Introduction 5.2. KPO Services 5.2.1. KPO Services Market Overview 5.2.2. KPO Services Market Size Forecast 5.3. BPO Services 5.3.1. BPO Services Market Overview 5.3.2. BPO Services Market Size Forecast 5.4. ITO Services 5.4.1. ITO Services Market Overview 5.4.2. ITO Services Market Size Forecast 6. GLOBAL HEALTHCARE PAYER SERVICES MARKET, BY APPLICATION (2022-2029) 6.1. Introduction 6.2. Claims management services 6.2.1. Claims management services Market Overview 6.2.2. Claims management services Market Size Forecast 6.3. Integrated front office service and back office operations 6.3.1. Integrated front office service and back office operations Market Overview 6.3.2. Integrated front office service and back office operations Market Size Forecast 6.4. Member management services 6.4.1. Member management services Market Overview 6.4.2. Member management services Market Size Forecast 6.5. Provider management services 6.5.1. Provider management services Market Overview 6.5.2. Provider management services Market Size Forecast 6.6. Billing and accounts management services 6.6.1. Billing and accounts management services Market Overview 6.6.2. Billing and accounts management services Market Size Forecast 6.7. Analytics and fraud management services 6.7.1. Analytics and fraud management services Market Overview 6.7.2. Analytics and fraud management services Market Size Forecast 6.8. HR Services 6.8.1. HR Services Market Overview 6.8.2. HR Services Market Size Forecast 7. GLOBAL HEALTHCARE PAYER SERVICES MARKET, BY END-USER (2022-2029) 7.1. Introduction 7.2. Private Payers 7.2.1. Private Payers Market Overview 7.2.2. Private Payers Market Size Forecast 7.3. Public Payers 7.3.1. Public Payers Market Overview 7.3.2. Public Payers Market Size Forecast 8. GLOBAL HEALTHCARE PAYER SERVICES MARKET, BY GEOGRAPHY (2022-2029) 8.1. North America Healthcare Payer Services Market 8.1.1. North America Healthcare Payer Services Market, By Services 8.1.2. North America Healthcare Payer Services Market, By Application 8.1.3. North America Healthcare Payer Services Market, By End User 8.1.4. North America Healthcare Payer Services Market, by Region 8.1.4.1. U.S. Healthcare Payer Services Market 8.1.4.2. Canada Healthcare Payer Services Market 8.1.4.3. Mexico Healthcare Payer Services Market 8.2. Europe Healthcare Payer Services Market 8.2.1. Europe Healthcare Payer Services Market, By Services 8.2.2. Europe Healthcare Payer Services Market, By Application 8.2.3. Europe Healthcare Payer Services Market, By End User 8.2.4. Europe Global Healthcare Payer Services Market, by Region 8.2.4.1. France Healthcare Payer Services Market 8.2.4.2. Germany Healthcare Payer Services Market 8.2.4.3. U.K. Healthcare Payer Services Market 8.2.4.4. Italy Healthcare Payer Services Market 8.2.4.5. Spain Healthcare Payer Services Market 8.2.4.6. Rest of Europe Healthcare Payer Services Market 8.3. Asia Pacific Healthcare Payer Services Market 8.3.1. Asia-Pacific Healthcare Payer Services Market, By Services 8.3.2. Asia-Pacific Healthcare Payer Services Market, By Application 8.3.3. Asia-Pacific Healthcare Payer Services Market, By End User 8.3.4. Asia-Pacific Healthcare Payer Services Market, by Region 8.3.4.1. China Healthcare Payer Services Market 8.3.4.2. Japan Healthcare Payer Services Market 8.3.4.3. India Healthcare Payer Services Market 8.3.4.4. South Korea Healthcare Payer Services Market 8.3.4.5. Rest of Asia Pacific Healthcare Payer Services Market 8.4. Middle East Africa Healthcare Payer Services Market 8.4.1. Middle East Africa Healthcare Payer Services Market, By Services 8.4.2. Middle East Africa Healthcare Payer Services Market, By Application 8.4.3. Middle East Africa Healthcare Payer Services Market, By End User 8.4.4. Middle East Africa Healthcare Payer Services Market, by Region 8.4.4.1. South Africa Healthcare Payer Services Market 8.4.4.2. Rest of Middle East and Africa Healthcare Payer Services Market 8.5. Latin America Healthcare Payer Services Market 8.5.1. Latin America Healthcare Payer Services Market, By Services 8.5.2. Latin America Healthcare Payer Services Market, By Application 8.5.3. Latin America Healthcare Payer Services Market, By End User 8.5.4. Latin America Healthcare Payer Services Market, by Region 8.5.4.1. Brazil Healthcare Payer Services Market 8.5.4.2. Rest of Latin America Healthcare Payer Services Market 9. MARKET COMPETITION ANALYSIS 9.1 Market Share/Positioning Analysis 9.2 Key Innovators 9.3 Company Profiles 9.3.1 UnitedHealth Group, Inc. 9.3.1.1 Overview 9.3.1.2 Products/ End-User 9.3.1.3 Strategy 9.3.1.4 Key Developments 9.3.2 Anthem Inc. 9.3.2.1 Overview 9.3.2.2 Products/ End-User 9.3.2.3 Strategy 9.3.2.4 Key Developments 9.3.3 Xerox Corporation 9.3.3.1 Overview 9.3.3.2 Products/ End-User 9.3.3.3 Strategy 9.3.3.4 Key Developments 9.3.4 Aetna Inc. 9.3.4.1 Overview 9.3.4.2 Products/ End-User 9.3.4.3 Strategy 9.3.4.4 Key Developments 9.3.5 Wipro Limited 9.3.5.1 Overview 9.3.5.2 Products/ End-User 9.3.5.3 Strategy 9.3.5.4 Key Developments 9.3.6 HCL Technologies Ltd. 9.3.6.1 Overview 9.3.6.2 Products/ End-User 9.3.6.3 Strategy 9.3.6.4 Key Developments 9.3.7 Genpact Limited 9.3.7.1 Overview 9.3.7.2 Products/ End-User 9.3.7.3 Strategy 9.3.7.4 Key Developments 9.3.8 Dell, Inc. 9.3.8.1 Overview 9.3.8.2 Products/ End-User 9.3.8.3 Strategy 9.3.8.4 Key Developments 9.3.9 Xerox Corporation 9.3.9.1 Overview 9.3.9.2 Products/ End-User 9.3.9.3 Strategy 9.3.9.4 Key Development 9.3.10 Hinduja Global Solutions Limited 9.3.10.1 Overview 9.3.10.2 Products/ End-User 9.3.10.3 Strategy 9.3.10.4 Key Development 9.3.11 Hewlett-Packard 9.3.11.1 Overview 9.3.11.2 Products/ End-User 9.3.11.3 Strategy 9.3.11.4 Key Development 9.3.12 Concentrix Corporation (A Subsidiary of Synnex Corporation) 9.3.12.1 Overview 9.3.12.2 Products/ End-User 9.3.12.3 Strategy 9.3.12.4 Key Development 9.3.13 Exlservice Holdings, Inc. 9.3.13.1 Overview 9.3.13.2 Products/ End-User 9.3.13.3 Strategy 9.3.13.4 Key Development 9.3.14 Accenture PLC 9.3.14.1 Overview 9.3.14.2 Products/ End-User 9.3.14.3 Strategy 9.3.14.4 Key Development 9.3.15 Cognizant Technology Solutions 9.3.15.1 Overview 9.3.15.2 Products/ End-User 9.3.15.3 Strategy 9.3.15.4 Key Development 9.3.15 EXL 9.3.16 Concentrix Corporation 9.3.17 HGS Ltd. 9.3.18 United HealthCare Services Inc. 9.3.19 Anthem Inc.