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The payer services market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 15%, as per The Business Research Company’s market report!

Read More On The Payer Services Market Report 2022 – https://www.thebusinessresearchcompany.com/report/payer-services-global-market-report

The Payer Services Market Size In 2022 And Forecast

The global payer services market is expected to grow from $101.76 billion in 2021 to $116.52 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The payer services market is expected to reach $209.73 billion in 2026 at a CAGR of 15.8%

The payer services market consists of sales of payer services by entities (organizations, sole traders and partnerships) that provide healthcare services that are outsourced by healthcare insurance providers/payers.

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The Increase In Healthcare Frauds Is Driving The Growth Of The Payer Services Market

For instance, according to the National Health Care Anti-Fraud Association, in the USA the loss from healthcare fraud was estimated to be $300 billion. Therefore, increasing healthcare fraud in the healthcare industry is propelling the demand for rigid security systems, thereby driving the growth of the payer services market.

Competitive Landscape And The Regional Analysis Of The Payer Services Market

Major players in the payer services market are United Health Group, Anthem, Concentrix Corporation, United Healthcare, Anthem Inc., Aetna, Inc., CIGNA Corp., HealthPartners, Blue Cross Blue Shield of Massachusetts and Group Health Cooperative.

The Payer Services Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the payer services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the payer services market.

Increased Adoption Of Technologically Advanced Products – A Key Trend In The Payer Services Market

Increased adoption of technologically advanced products has led to improved price transparency, affordable payer services, higher utilization of resources, increasing quality reach, and member satisfaction and loyalty towards the service provider.

Payer Services Market Segmentation By The Business Research Company

1)By Outsourcing Services: Business Process Outsourcing Services, Knowledge Process Outsourcing Services, Information Technology Outsourcing Services

2)By Application: Revenue Cycle Management, Healthcare Reimbursement, Medical Billing Outsourcing, Others

3)By End-User: Public Payers, Private Payers

Here Are Some Reports Related To The Payer Services Market –

Healthcare Services Global Market Report 2022

Healthcare Reimbursement Global Market Report 2022

Medical Billing Outsourcing Global Market Report 2022

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