The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare EDI market report forecasts the healthcare EDI market size to grow to $6.59 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

Learn More On The Healthcare EDI Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-EDI-global-market-report

Healthcare EDI Market Size Forecast
The global healthcare EDI market is expected to grow from $4.05 billion in 2022 to $4.49 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare EDI market size is expected to grow to $6.59 billion in 2027 at a CAGR of 10.1%.

North America held the largest healthcare EDI market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Healthcare EDI Market Driver ­– Increase In Government Support For Healthcare
For instance, according to the Indian Economic Survey, in 2021-22, India’s public healthcare spending reached 2.1%, up from 1.8% in 2020-21. Furthermore, the Union budget for 2022 allocated 11.28 billion for the growth of health care. Therefore, the increasing government support for healthcare drives the demand for the healthcare EDI market.

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Key Healthcare EDI Market Trend – Technological Advancement
Major companies operating in the healthcare EDI market are focused on new technological innovations to sustain their position in the market. For instance, in 2020, Waystar, a US-based company that develops a technology platform that simplifies and unifies the healthcare payments cycle, launched its new analytics software based on revenue cycle technology. It facilitates access to vital data insights and aids medical organizations during the pandemic situation. Waystar fast-tracked the launch of this new software, which offers the intelligence healthcare leaders require to make strategic, reliable, and correct decisions in this environment.

Healthcare EDI Market Segment
1) By Component: Software, Hardware, Services
2) By Transaction: Claim Management, Healthcare Supply Chain, Other Transactions
3) By Mode of Delivery: Mobile, VAN, Web & Cloud-based, Point-to-point
4) By End User: Healthcare Provider, Payer, Pharmacies, Other End Users

Healthcare EDI Market Major Players and Strategies
Major players in the healthcare EDI market are McKesson Corporation, Optum, Allscripts, GE Healthcare, Cognizant, Cerner, Dell Technologies Inc., The SSI Group, Tallan Inc., Quadax, AthenaHealth, Schreiner Group, MuleSoft LLC, and Boomi.

In August 2020, Waystar, a US-based company that develops a cloud-based revenue cycle management platform and healthcare solutions acquired eSolutions for a deal amount of $1.3 billion. Through this acquisition, Waystar would combine both commercial and government payers into a single payment platform. This acquisition also helps Waystar to deliver outstanding innovation to the industry, helping healthcare organizations to accelerate income collection while reducing administrative costs and redundant tasks. eSolutions is a US-based healthcare technology company that develops revenue cycles.

The Healthcare EDI Global Market Report 2023 covers regional data on healthcare EDI market size, healthcare EDI market trends and drivers, opportunities, strategies, and healthcare EDI market competitor analysis. The countries covered in the healthcare EDI market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Electronic Data Interchange (EDI) is the software medium for the transaction of data among various healthcare providers and payers via computer systems. The organizer can process and track claims through the entire billing cycle via the EDI service. The healthcare EDI is used to manage the patient’s medical history, medication data, and emergency services record, which are considered critical data in the healthcare sector.

View More Reports Related To The Healthcare EDI Market –
Healthcare Services Global Market Report 2023
Healthcare IT Integration Global Market Report 2023
Healthcare Distribution Global Market Report 2023

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