Global Healthcare Claims Management Software Market Overview:
Healthcare claims management software is used to streamline the medical claims process, which eases the relationship between provider and insurance company and efficiently speeds up the patientís payment lifecycle. These solutions leverage automation features so hospitals and clinics can resolve or prevent any hurdles that can potentially disrupt the claims processing and billing workflow. It is generally the bilateral process between patients, healthcare providers, billing company, and insurance provider. The healthcare claims management market is multiplying rapidly due to the rapid expansion in the healthcare insurance sector.
- Increase in Ageing Population
- Rise in Incidence of Chronic Disease
- Improved Focus on Healthcare Quality Services
- Government Initiatives Supporting the Health Insurance Market
- Increasing Concerns regarding the Patient Data Safety and Security Limit and data breaches and loss of
- High Deployment Costs
- Rising Awareness of Medical Claims across the Countries
- Increasing Investments by Governments to Modernize the Healthcare Infrastructure and to Adopt Healthcare IT Solutions
- Lack of Skilled IT Professionals in Healthcare
- Data Confidentiality
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Kareo (United States), EClinicalWorks (United States), Waystar Health (United States), Athenahealth (United States), AdvancedMD (United States), Optum (United States), CareCloud (United States), Cognizant (United States), Health Solutions Plus (United States), LexisNexis (United States), Henry Schein (United States) and OSPLabs (United States). Additionally, following companies can also be profiled that are part of our coverage like Allscripts Healthcare (United States), Harris Healthcare (United States) and ISalus (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Healthcare Claims Management Software market by 2026. Considering Market by Deployment Mode, the sub-segment i.e. On-premise will boost the Healthcare Claims Management Software market. Considering Market by Soluction, the sub-segment i.e. Claims Integration will boost the Healthcare Claims Management Software market. Considering Market by End User, the sub-segment i.e. Healthcare Providers will boost the Healthcare Claims Management Software market.
Latest Market Insights:
In Feb 2019, Athenahealth, Inc., a leading provider of network-enabled services for hospital and ambulatory customers nationwide, announced that it has completed its previously announced sale to an affiliate of Veritas Capital and Evergreen Coast Capital.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Healthcare Claims Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Healthcare Claims Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Health Care Operations Software Developers, Health Care Operations Software Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.