IMARC Group, a leading market research company, has recently releases report titled “Healthcare BPO Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big is the Healthcare BPO Market?
The global healthcare BPO market size reached US$ 28.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
Industry Overview of Healthcare BPO
Healthcare business process outsourcing (BPO) refers to the process of outsourcing non-core business activities of healthcare institutions to third-party companies. It involves medical coding and billing, data processing activities, and claims processing to maintain the accuracy of medical claims of patients. It enables healthcare facilities to save time and focus on various core business functions and provide quality healthcare services to patients. It also helps healthcare institutions reduce the operational expenses of hiring and training an in-house team. It ensures the security and maintenance of various confidential data, such as payment information, medical records, and personal information of patients.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/healthcare-bpo-market/requestsample
What are the growth prospects and trends in the healthcare BPO industry?
At present, the increasing demand for healthcare BPOs to provide quality patient care experience represents one of the primary factors influencing the market positively.
Besides this, the rising construction of various healthcare institutions, such as hospitals, nursing homes, rehabs, and clinics, to provide effective treatment to patients around the world is propelling the growth of the market.
In addition, the growing prevalence of various chronic diseases, such as obesity, thyroiditis, diabetes, and cardiovascular complications, along with the rising geriatric population across the globe, is offering a favorable market outlook. Apart from this, the increasing adoption of healthcare BPO to reduce faults in various noncritical operations and increase employee productivity is supporting the growth of the market.
Leading Companies Operating in the Global Healthcare BPO Industry:
- Accenture plc
- Cognizant
- GeBBS Healthcare Solutions
- Genpact
- International Business Machines Corporation
- IQVIA
- NTT Data Corporation
- Omega Healthcare
- Parexel International Corporation
- Tata Consultancy Services
- WNS (Holdings) Limited
- Xerox Corporation
Healthcare BPO Market Report Segmentation:
The report has segmented the market into the following categories:
Payer Service Insights:
- Human Resource Management
- Claims Management
- Customer Relationship Management
- Operational and Administrative Management
- Care Management
- Provider Management
- Others
Provider Service Insights:
- Patient Enrollment and Strategic Planning
- Patient Care Service
- Revenue Cycle Management
Pharmaceutical Service Insights:
- Manufacturing Services
- Research and Development Services
- Non-clinical Services
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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