Global Healthcare Payer Solution Market Segments 2024, Forecast To 2033
5 Mar, 2024
The healthcare payer solution market has demonstrated rapid growth, increasing from $40.94 billion in 2023 to $45.06 billion in 2024, with a 10.1% CAGR. Growth in the historic period is attributed to the introduction of managed care, regulatory changes (HIPAA, ACA, etc.), emphasis on data analytics, and a focus on member engagement and experience with a transition towards interoperability. Looking ahead, the market is expected to see strong growth, reaching $65.66 billion in 2028 with a 9.9% CAGR. Factors contributing to this growth include a shift towards patient-centric care, the rise in telemedicine and remote care, increased emphasis on data security, and value-based payment models.
Global Healthcare Payer Solution Market Key Driver
The healthcare payer solutions market is witnessing growth due to the rising enrolments in health insurance. With over 13.6 million Americans enrolling for health insurance coverage in 2022, the demand for healthcare payer solutions is on the rise. The Centers for Medicare & Medicaid Services reports a high percentage of sign-ups through HealthCare.gov and State-based Marketplaces, contributing to the growth of the market.
Get A Free Sample Of The Global Healthcare Payer Solution Market ReportGlobal Healthcare Payer Solution Market Segments
The healthcare payer solution market covered in this report is segmented –
1) By Services: Business Process Outsourcing Services, Information Technology Outsourcing Services, Knowledge Process Outsourcing Services
2) By Application: Pharmacy Audit And Analysis Systems, Claims Management Services, Fraud Management Services, Computer-assisted Coding (CAC) Systems, Member Eligibility Management Services, Provider Network Management Services, Payment Management Services, Customer Relationship Management Services, Medical Document Management Services, General Ledger And Payroll Management
3) By End User: Private Provider, Public Provider
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the healthcare payer solution market in 2023. The regions covered in the healthcare payer solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Healthcare Payer Solution Industry Players
Cognizant Technical Solutions; Concentrix Corporation; Accenture plc; HCL Technologies Ltd.; Xerox Corporation; UnitedHealth Group Inc.; McKesson Corporation; HMS Holdings Corp.; International Business Machines Corporation; Change Healthcare Inc.; Wipro Limited; Infosys Limited; Tata Consultancy Services Limited; NTT Data Corporation; Genpact Limited; Mphasis Limited; Firstsource Solutions Limited; WNS Limited; IQVIA Inc.; Omega Healthcare; R RCM Inc.; Conduent Inc.; EXL Service Holdings Inc.; Cotiviti Holdings Inc.; Cerner Corporation; Allscripts Healthcare Solutions Inc.; Epic Systems Corporation; Athenahealth Inc.; NextGen Healthcare Inc.; eClinicalWorks LLC
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AIOps Healthcare Payer Solution Market Overview
The healthcare payer solution refers to solutions that assist healthcare insurers, public and private payers, and members in managing claims, member engagement, audits, medical records, and customer relations. These solutions improve the overall performance of the healthcare system by improving care quality, lowering costs, increasing patient satisfaction and provider effectiveness, and leveraging unique competencies.
Healthcare Payer Solution Global Market Report 2023 provides data on the global healthcare payer solution market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The healthcare payer solution market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.