Healthcare Claims Management Solution Market Scope
Healthcare claims management software is used to simplify the medical claims process, easing the relationship between the provider and the insurance firm while also accelerating the patient's payment lifecycle. These technologies make use of automation features to help hospitals and clinics overcome or avoid roadblocks in the claims processing and billing workflow. It is a two-way mechanism involving patients, healthcare providers, billing companies, and insurance companies. Due to the rapid growth of the healthcare insurance industry, the demand for healthcare claims management is increasingly growing.
The Healthcare Claims Management Solution market study is segmented by Type (Integrated Solutions and Standalone Solutions), by Application (Hospitals, Speciality Clinics and Others) and major geographies with country level break-up.
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.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Allscripts Healthcare (United States), Harris Healthcare (United States) and ISalus (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Healthcare Claims Management Solution market by Type, Application and Region.
On the basis of geography, the market of Healthcare Claims Management Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
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.
- Government Initiatives Supporting the Health Insurance Market
- Increase in Ageing Population
- Rise in Incidence of Chronic Disease
- Improved Focus on Healthcare Quality Services
- Rising Awareness of Medical Claims across the Countries
- Increasing Investments by Governments to Modernize the Healthcare Infrastructure and to Adopt Healthcare IT Solutions
- Increasing Concerns regarding the Patient Data Safety and Security Limit and data breaches and loss of
- High Deployment Costs
- Lack of Skilled IT Professionals in Healthcare
- Data Confidentiality
Key Target AudienceHealthcare Claims Management Solution Provider, Healthcare Claims Management Solution Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others