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(MoneyNewsWire.Net, January 19, 2018 ) According to the report Europe Healthcare BPO market, published by Market Data Forecast, the market is projected to reach USD 63.7 billion by 2020, at a CAGR of 9.56% from 2015 to 2020.
Healthcare business process outsourcing (BPO) is a practice in which healthcare organizations outsource business operations to outside vendors. Relying less on staff and equipment onsite to manage computers, employees, customers, and accounting enables a healthcare company to focus primarily on patient care. Off-site vendors can handle information technology (IT) tasks, human resources, employee training, finance and accounting, and also customer relationship management and supply chain management. The concept of healthcare BPO began in the 1980s, and it is now common for healthcare companies to outsource their operations on many different levels.
Get a comprehensive overview of the Europe Healthcare BPO Market: https://www.marketdataforecast.com/market-reports/europe-healthcare-bpo-market-253/
Europe Healthcare BPO Market: Drivers and Restraints
The pressure to reduce healthcare delivery costs, consolidation of healthcare systems, and enactment of PPACA, stringent regulatory requirements, and complex clinical trial protocols are the major drivers for the healthcare BPO market. Mandatory implementation of ICD-10 codes in the U.S. and several pharmaceutical companies facing patent cliffs are expected to further drive the growth of the healthcare BPO market.
However, fear of losing control over the outsourced process and doubts over service quality will restrain the growth of this market.
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Europe Healthcare BPO Market: Segmentation
By Provider Service:
• Medical Billing
• Medical Coding
• Medical Transcription
• Finance & Accounts
By Payer Service
• Claims Management
• Integrated Front-end Services and Back-office Operations
• Member Management
• Provider Management
• Billing and Accounts Management
• Analytics and Fraud Management
• HR Services
By Pharmaceutical Service
• Research and Development
• Manufacturing
• Non-Clinical Services
o Sales and Marketing services
o Supply Chain Management
o Other Non-Clinical Applications
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: https://www.marketdataforecast.com/market-reports/europe-healthcare-bpo-market-253/customize-report
Europe Healthcare BPO Market: Overview
Under Provider service, the medical billing segment is expected to represent the largest share of the provider services segment in the current market scenario, owing to an increase in the number of people insured. On the basis of payer service, the healthcare payer segment of the market is becoming more aggressive in its pursuit of new service delivery models for core business processes. Claims processing, Member management and provider management are the most frequently needed processes by the payers.
With the implementation of The Patient Protection and Affordable Care Act (PPACA), healthcare providers are economically restricted and to overcome the pressure, business provider outsourcing is being adopted by the healthcare sector. BPO is reliable and it enhances the quality of services provided by the organization.
Europe Healthcare BPO Market: Region-wise Outlook
By geography the market is segmented into UK, Spain, Germany, France and others. Among these, United Kingdom holds the largest share, while Germany is estimated to have highest growth rate in the coming years.
Key Questions Answered:
• What is the current and future Healthcare BPO Market outlook regionally? What trends are affecting the Europe market?
• What is the competitive landscape and market share of major players in the Healthcare BPO regionally?
• What are the key, high growth markets that Healthcare BPO should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Healthcare BPO currently on the market? How will emerging services and technology fulfill these unmet needs?
• What is healthcare provider perception and market outlook of Healthcare BPO?
• What are the challenges and barriers that have hindered widespread adoption of Healthcare BPO?
Europe Healthcare BPO Market: Key Players
Some of the major players operating in the healthcare BPO market include Cognizant Technology Solutions Corporation, Accenture PLC, Genpact Limited, Tata Consultancy Services Ltd., Infosys BPO Ltd. and Xerox Corporation.
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