Healthcare payer services are outsourced by healthcare insurance payers. The changing dynamics of the healthcare sector are fascinating payers to redesign business models and processes to deal with the competition in the market whereas providing better quality patient care by restructuring the process, eliminating costs and improving customer communication.
The market of healthcare payer services market is anticipated to grow with a significant rate in the coming years, owing to factors such as, increasing healthcare fraud, dynamic nature of health benefit plan strategies. Advanced data analytics, service portfolio expansion in the healthcare industry in Asia Pacific are expected to offer growth opportunities for the players operating in the market.
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The Prominent/Emerging Players in the Healthcare Payer Services Market Research include:
EXL, Xerox Corporation, Accenture, Hewlett Packard Enterprise Development LP, Dell, Genpact, Wipro Limited, Cognizant, Concentrix Corporation and HGS Ltd.
The global healthcare payer services market is segmented on the basis of application, service type, end user and Geography. The application segment includes, integrated front-end services and back-office operations, provider management services, analytics and fraud management services, billing and accounts management services, HR services and claims management services. Based on service type, the market is segmented as, knowledge process outsourcing services, business process outsourcing services and information technology outsourcing services. Based on end user, the market is segmented as, public payers and private payers.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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