Key Trends and Opportunities in the Global Healthcare Claims Management Market to 2027: Upsurge in Private Health Insurance and Growing Importance of Denials Management

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Jan 20, 2022, 16:30 ET

DUBLIN, Jan. 20, 2022 /PRNewswire/ -- The "Healthcare Claims Management Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Artificial Intelligence has transformed various industries across the globe and radically can alter the healthcare field. With growing advancements in the healthcare industry, AI has become an efficient, faster, and inexpensive choice for healthcare claims management. Medical claims management is the organization, billing, filing, updating, and processing of medical claims related to diagnoses, treatment, and medication of patients. Medical billing is one of the areas in which healthcare uses automation to a large extent. Medical billing is one of the significant parameters in healthcare revenue cycle management. The medical billing and their respective coding help establish and categorize patient information that dictates the billing of Medicare and insurance companies.

The following factors are likely to contribute to the growth of the Healthcare Claims Management market during the forecast period:

AI-powered Smart Healthcare Claims Management
Advancement of Automated Medical Billing and Management
Upsurge in Private Health Insurance
Growing Importance of Denials Management
Linking Electronic Health Records & E-Prescription with Claims Management
Growing Adoption of Cloud-based Solutions

The report considers the present scenario of the global healthcare claims management market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.

KEY QUESTIONS ANSWERED:

How big is the healthcare claims management market?
What is the growth rate of the healthcare claims management market?
What are the factors driving the healthcare claims management market?
Who are the key players in the healthcare claims management market?
Which region accounted for the largest healthcare claims management market share?

This research report includes a detailed segmentation by

Component
Type
Delivery mode
End-users
Geography

SEGMENTATION ANALYSIS

A good medical claims management system must service existing products with added built-in flexibility for supporting products with new and unique features, including outpatient coverage or products with a savings component.
The growing demand for claims management processing services is majorly from physicians and other healthcare providers. With the rise in physician visits, the number of medical claims increases, thereby, creating demand for the industry.

Market Segmentation by Component

Software
Services

Market Segmentation by Type

Integrated
Standalone

Market Segmentation by Delivery mode

Web and cloud-based
On-premises

Market Segmentation by End User

Healthcare payers
Healthcare providers

GEOGRAPHICAL ANALYSIS

North America dominates the global healthcare claims management market with a rise in the number of patients with medical insurance, rise in patient volume, adoption of EHRs and e-prescribing services, the rising importance of denials management, increase in medical billing errors, rising government investments, and advancing healthcare infrastructure in the region.
APAC is anticipated to be the fastest-growing region in the global healthcare claims management market with growing awareness for medical claims and the rising cost of medical treatments.

VENDOR ANALYSIS

Prominent Vendors

Cerner
McKesson Corporation
UnitedHealth Group
eClinicalWorks
Cegedim

Other Prominent Vendors

Advanced Billing
AdvancedMD
Allscripts Healthcare
Athenahealth
Availity
Bizmatics
Brightree
CareCloud
Clearwave
Cognizant
Comindware
Conduent
Conifer Health Solutions
DataGenix
eMD technologies
Epic Systems Corporation
Experian Information Solutions
Flatworld Solutions
GeBBS Healthcare Solutions
Genpact
Global Excel Management
Healix
IBM
Kareo
Majesco
Manorama Infosolutions
Milliman
Modernizing Medicine
Nextech Systems
NXGN Management
nThrive Revenue Systems
Damar Software
Oracle
OSP Labs
PayerFusion Holdings
Pegasystems
PLEXIS Healthcare Systems
Proclaim
Pulse Systems
SS&C Technologies
Quest Diagnostics
RAM Technologies
RXNT
SequelMed
SSI Group
TotalMD
Waystar

For more information about this report visit https://www.researchandmarkets.com/r/uwpiyo

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