The Healthcare Payer Services Market is expected to grow from USD 20.38 billion in 2019 to USD 47.95 billion by 2026 at a CAGR of 13% from 2020 to 2026.
Healthcare payer services are facilities that are subcontracted by healthcare insurance payers and providers. The shifting dynamics of the healthcare sector are compelling payers to rethink business models and processes to an arrangement with the competition in the market while providing better quality patient care by streamlining the process, reducing costs, and improving customer communication. These are the major concerns for healthcare payers and to overcome the obstacles, healthcare payers are currently outsourcing this service to healthcare payers service providers. The market is anticipated to rise owing to increasing number of healthcare payer service providers and the growing pressure of cost-cutting. The cost of outsourcing healthcare payer service is less compared to in-house payer services. The global market is segregated on the basis of Application as Integrated Front-End Services, Member Management Services, Provider Management Services, Billing and Accounts Management Services, Analytics and Fraud Management Services, Hr Services, and Claims Management Services. Based on Service Type the market is segmented in Knowledge Process Outsourcing Services, Business Process Outsourcing Services, and Information Technology Outsourcing Services. Based on End User the market is segmented in Public Payers and Private Payers.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Hinduja Global Solutions Limited, Xerox Corporation, Dell, Inc, Genpact Limited, HCL Technologies Ltd, Cognizant Technology Solutions, Accenture PLC, Exlservice Holdings, Inc, Concentrix Corporation, Hewlett-Packard, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Healthcare Payer Services market has been segmented as below:
By Application
By Service Type
By End-User
By Region
By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Hinduja Global Solutions Limited, Xerox Corporation, Dell, Inc, Genpact Limited, HCL Technologies Ltd, Cognizant Technology Solutions, Accenture PLC, Exlservice Holdings, Inc, Concentrix Corporation, Hewlett-Packard, and others.
Why to Buy this Report:
Target Audience:
The report targeted the existing players in the industry is as follows:
Free and Paid Customization based on the requirement
Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 Integrated Front-End Services
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Member Management Services
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Provider Management Services
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Billing and Accounts Management Services
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Analytics and Fraud Management Services
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Hr Services
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Claims Management Services
5.8.1 Market Overview
5.8.2 Market Size and Forecast
6.1 Introduction
6.2 Knowledge Process Outsourcing Services
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Business Process Outsourcing Services
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Information Technology Outsourcing Services
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7.1 Introduction
7.2 Public Payers
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Private Payers
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8.1 Introduction
8.2 Europe
8.2.1 Europe Market, By Application
8.2.2 Europe Market, By Service Type
8.2.3 Europe Market, By End User
8.3 North America
8.3.1 North America Market, By Application
8.3.2 North America Market, By Service Type
8.3.3 North America Market, By End User
8.4 Asia Pacific
8.4.1 Asia Pacific Market, By Application
8.4.2 Asia Pacific Market, By Service Type
8.4.3 Asia Pacific Market, By End User
8.5 Rest of The World
8.5.1 Rest of The World Market, By Application
8.5.2 Rest of The World Market, By Service Type
8.5.3 Rest of The World Market, By End User
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10.1 Hinduja Global Solutions Limited
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Xerox Corporation
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Dell, Inc
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Genpact Limited
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 HCL Technologies Ltd
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Cognizant Technology Solutions
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Accenture PLC
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Exlservice Holdings, Inc
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Concentrix Corporation
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Hewlett-Packard
10.10.1 Company Overview
10.10.2 Product/Service Landscape
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Top 10 Companies in Healthcare Payer Services