DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Healthcare Payer BPO Market Size & Forecast By Service (Claims Processing Services, Member Services, HR Services, Finance And Accounts) And Trend Analysis From 2012 To 2022" report to their offering.
The global healthcare payer BPO market is expected to reach over USD 34.2 billion by 2022. Key drivers attributing to the growth are ObamaCare, shift to ICD-10 coding system, growing geriatric population, increasing disease burden and penetration of insurance coverage in emerging economies.
Increasing healthcare expenditure is a major concern for the U.S. and all the other major economies. In order to reduce the economic burden and provide universal access to healthcare, governments are encouraging outsourcing of payer services to onshore or offshore locations.
The shift from ICD-9 coding system to ICD-10 coding has created huge work load for the payers to upgrade their systems, train their staff and has significantly increased the financial burden. The ICD-9 code system had 13,000 codes, where as the ICD-10 code system has nearly 68,000 codes. This shift from the legacy system to the latest system has significantly increased the need for medical coding, accounting, HR, and other technical professionals, thereby is expected to positively reinforce the healthcare payer BPO outsourcing market growth in the next seven years.
However, Asia Pacific is expected to be the fastest growing market over the forecast period owing to high economic development in the region, favorable government initiatives and growth in insurance penetration across urban and rural centers.
- Cognizant Technology Solutions
- Xerox Corporation
- Hinduja Global Solutions
- Exlservice Holdings, Inc.
- Genpact Limited
- HCL technologies
- Wipro limited
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Healthcare Payer BPO Industry Outlook
4 Healthcare Payer BPO Services Outlook
5 Healthcare Payer BPO Regional Outlook
6 Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/bd59fp/healthcare_payer