Healthcare BPO Market Top Corporate Opportunities and Industry Trends Analysis Report 2017

The Healthcare BPO Market is projected to reach USD 13.46billion by 2022. The Healthcare BPO Market is growing and the experts have predicted the future stats of Healthcare BPO. Healthcare BPO Market report contains the top corporate profiles and strategies with industry analysis and trends.

Complete report is now available on Healthcare BPO Market by Provider (RCM, Patient Care), Payer (Claims Repricing), Pharmaceutical (R&D, Manufacturing, Sales and Marketing Services (Forecasting, Performance Reporting)), Outsourcing Approaches, Models (Multisourcing) – Global Forecasts to 2022 at http://www.rnrmarketresearch.com/healthcare-bpo-market-payer-claims-processing-provider-medical-billing-coding-pharmaceutical-clinical-trial-contract-manufacturing-outsourcing-global-analysis-forecasts-2011-market-report.html

The healthcare BPO market is expected to grow at a CAGR of 10.2% from2017 to 2022, to reach USD 312.43 billion by 2022 from USD 191.68 billion in 2017. The need to reduce the rising healthcare costs and the implementation of the Patient Protection and Affordable Care Act (PPACA) are factors that compel payers and providers to outsource their business processes to low-cost countries in order to reduce operational costs. Patent cliffs, complex clinical trial protocols, and new reporting requirements are forcing pharmaceutical companies to outsource their R&D and manufacturing processes to other countries, which is driving the healthcare outsourcing market. On the other hand, the fear of losing visibility & control over business processes and reliability and data security & privacy concerns are the major factors expected to restrain market growth.

On the basis of provider service, the healthcare BPO market is segmented into revenue cycle management, patient enrollment, and patient care. In 2017, the revenue cycle management segment is expected to account for the largest share of the global healthcare BPO market. Growth in the revenue cycle management market can largely be attributed to factors such as decreasing reimbursements in the healthcare industry, reductions in the overall healthcare costs, initiatives undertaken by governments for implementing RCM solutions, and increasing expenditure by the healthcare IT industry.

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Break of primary participants in Healthcare BPO Market was as mentioned below:

By Company Type: Tier 1 – 33%, Tier 2 – 44%,and Tier 3 – 23%

By Designation: Director Level – 19%, C Level – 52%, and Manager Level – 29%

By Region: Europe –39%, North America –15%, Asia Pacific – 35%, and Row – 11%

Major players of Healthcare BPO Market Report are:

The key players in the healthcare BPO market are Cognizant (US), Accenture(Ireland), Xerox(US), Genpact (Bermuda), TCS (India), and Infosys (India).

FAQ’s regarding the Healthcare BPO Market Report are:

Market Penetration of Healthcare BPO Market Report:
Comprehensive information on the product portfolios of the top players in the Healthcare BPO market

Product Development/Innovation of Healthcare BPO Market Report:
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Healthcare BPO market

Competitive Assessment of Healthcare BPO Market Report:
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Healthcare BPO market

Market Development of Healthcare BPO Market Report:
Comprehensive information about emerging markets. This report analyzes the market for various Healthcare BPO products across geographies

Market Diversification of Healthcare BPO Market Report:
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Healthcare BPO market

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On the basis of pharmaceutical services, the market is classified into manufacturing services, R&D services, and non-clinical services. In 2017, the manufacturing services segmentis expected to account for the largest share of the market. The rising demand for new drugs and cost advantages of outsourcing are the key factors driving the growth of this segment.

By source geography, the US is expected to account for the largest share, followed by Europe, and RoW. It is the prime source for the outsourcing of healthcare services due to the mandatory implementation of ICD-10 codes and enactment of PPACA. The US also ranks high as a preferred location in cases where location and skill are more important than cost savings.

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