Global Healthcare Payer Solution Market Forecast, 2017-2023

The increasing demand for streamlined business processes, increase in healthcare fraud due to outsourcing, better customer services due to the adoption of cost-effective solutions for healthcare payers, and progression of health benefit plan designs drives the Healthcare Payer Solution Market.

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Portland, OR -- (SBWire) -- 08/22/2017 --Healthcare Payer Solution is a strategic systematic plan that offers a broad range of innovative and cost-effective healthcare solutions to improve operational efficiency and to reach the ultimate goal of health care transformations.

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The key factors that drive the market include the increasing demand for streamlined business processes, increase in healthcare fraud due to outsourcing, better customer services due to the adoption of cost-effective solutions for healthcare payers, and progression of health benefit plan designs.

However, administrative control breakdown and loss of confidentiality may restrain the market growth. On the other hand, due to advanced data analytics, expansion of service portfolio, and usage of Icd-10 standards there will be a further increase in opportunities that will positively impact the market growth.

The global healthcare payer solution market is segmented on the basis of service type, application, end user, and region. Based on service type, the market is segmented into business process outsourcing (BPO) services, information technology outsourcing (ITO) services, and knowledge process outsourcing (KPO) services. Based on application, the market is segmented into claims management services, member management services, provider management services, integrated front office services & back office operations, billing & accounts management services, analytics & fraud management services, and HR services.

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By end user, the market is segmented into private payers and public payers. Geographically the market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Cognizant Technology Solutions, Accenture plc, Concentrix Corporation, ExlService Holdings, Inc., Xerox Corporation, Genpact Limited, Hewlett-Packard, Hexaware Technologies Limited, First Source Solutions Limited. HCL Technologies Ltd., Teleperformance Group, Hinduja Global Solutions Ltd., SourceHOV, Sutherland Global Services, and Wipro Limited are some of the key players involved in providing healthcare payer solutions worldwide.

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