Global Healthcare Payer Services Market Growth, Trends, and Forecast 2018-2023 - Rise in Outsourcing Supportive Services by Healthcare Payers - ResearchAndMarkets.com
Summary
United States Healthcare Payer Services market will increase due to the introduction of Patient Protection and Affordable Care Act (PPACA).North America is expected to retain its dominance over the forecast period primarily owing to a rise in outsourcing supportive services by healthcare payers, an increase in number of individuals seeking insurance, and increasing stringency of regulatory healthcare landscape.Companies like Conduent have developed an Intelligent Queue (IQ) process that is efficient and eliminates the need for rework on claim documents.Having benefited from the cost saving and improved efficiency in quality, more payers in this industry are outsourcing to large BPO organizations integrated cloud-based platform for claims administration and member lifecycle management.Other factors that drive this market include Increasing Stringency of Regulatory Landscape, and Rise in Insured Population.