DUBLIN--(BUSINESS WIRE)--The "Global
Healthcare Claims Management Market - Segmented by Solution Type
(Integrated and Standalone), by Component (Services and Software), by
Delivery Mode, End User, and Geography - Growth, Trends, and Forecast
(2018 - 2023)" report has been added to ResearchAndMarkets.com's
offering.
The Global Healthcare Claims Management Market is expected to register a
CAGR of nearly 5.1% during the forecast period 2018-2023.
Denial of claims by insurers are very common and is the main cause for
revenue loss for many healthcare providers. On first submission more
than 30% of the healthcare claims are denied. Most hospitals fail to
resubmit the claims.
Denials Management has an important role to play in hospital revenue
generation. Most hospitals are now dependent on third party providers
for denials management service as they lack the expert knowledge and the
time to manage the reimbursement process. Third party providers with
dedicated and skilled professionals are able to handle the denied claim
and resubmit them. With their expertise these providers are able to
increase the cash flow of their clients which were otherwise neglected
by the hospitals to resubmit the denied claims.
It is estimated that over 90% of the claim denials can be prevented with
support from providers who have systems and knowledge experts in this
field. Denials management team maximize revenue collection by
understanding the cause for claim denial along with helping the
hospitals provide better patient satisfaction. These teams have become
back bone for hospitals as they have rich experience in appealing to
insurer for approval as per their filing process, thus contributing to
the growth of healthcare claims management market.
Other factors that drive this market include government initiatives
supporting health insurance market and growing aging population with
chronic diseases.
Key Highlights
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Patient Data Privacy and Security Concerns
-
The US is the Chief Region for the Healthcare Claims Management Market
Major Market Developments
-
McKesson Corporation completed the previously announced acquisition of
Medical Specialties Distributors.
Companies Profiled
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Accenture
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AthenaHealth Inc.
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Cerner Corporation
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Gebbs Healthcare Solutions
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Genpact Limited
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Health Solutions Plus
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IBM Corporation
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McKesson Corporation
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Optum Inc.
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Oracle Corporation
Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Market Dynamics
7. Market Segmentation
8. Company Profiles & Competitive Landscape
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/z6zbbc/global_healthcare?w=4
