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 payer solution market report forecasts the healthcare payer solution market size to grow to $58.47 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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

Healthcare Payer Solution Market Size Forecast
The global healthcare payer solution market is expected to grow from $37.32 billion in 2022 to $41.15 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. 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, causing inflation across goods and services effecting many markets across the globe. The global healthcare payer solution market size is expected to reach $58.47 billion in 2027 at a CAGR of 9.2%.

North America held the largest healthcare payer solution market share.

Key Healthcare Payer Solution Market Driver ­– Rise In Insurance Enrolments
According to the Centres for Medicare & Medicaid Services, a US-based Department of Health and Human Services that provides health coverage to people through Medicare and Medicaid, more than 13.6 million Americans signed up for health insurance coverage for 2022 through HealthCare.gov and State-based Marketplaces, accounting for 92% of those who registered for plans through December 15, 2021. As a result, increased insurance enrollments are boosting demand for healthcare payer solutions.

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Key Healthcare Payer Solution Market Trend – Product Innovations
Major players in the healthcare payer solutions market are focusing on producing unique solutions in order to increase their market position. For example, in March 2022, IMAT Solutions, a company based in the United States that provides innovative, real-time healthcare data management and population health reporting solutions, announced a new product that addresses the collection, aggregation, dissemination, and reporting of healthcare data. Payers, statewide organisations, and HIEs will benefit from IMAT’s new clustering and SaaS-based solutions, as well as the company’s new NCQA Data Aggregator Validation (DAV) designation, as a result of the new technologies and services.

Healthcare Payer Solution Market Segment
1) By Services: Business Process Outsourcing Services, Information Technology Outsourcing Services, Knowledge Process Outsourcing Services
2) By Application: Pharmacy Audit And Analysis Systems, Claims Management Services, Fraud Management Services, Computer-assisted Coding (CAC) Systems, Member Eligibility Management Services, Provider Network Management Services, Payment Management Services, Customer Relationship Management Services, Medical Document Management Services, General Ledger And Payroll Management
3) By End User: Private Provider, Public Provider

Healthcare Payer Solution Market Major Players and Strategies
Major players in the healthcare payer solution market are Cognizant Technical Solutions, Concentrix Corporation, Accenture PLC, HCL Technologies Ltd, Xerox Corporation, Wipro Ltd, Hinduja Global Solutions Ltd, Exlservice Holdings Inc, Teleperformance Group, Sutherland Global Services., IBM Corporation, ZeOmega Inc., Verisk Analytics Inc., UnitedHealth Group, NXGN Management LLC, and Mckesson Corporation.

Zelis, a healthcare and finance technology growth firm based in the United States, bought Payer Compass for an unknown sum in September 2022. Zelis and Payer Compass will collaborate as a single organisation to produce cutting-edge claims management solutions and have a greater impact on the complexity and rising costs of healthcare. Payer Compass is a healthcare sector provider of reimbursement and claims pricing, administration, and processing solutions based in the United States.

The Healthcare Payer Solution Global Market Report 2023 covers regional data on healthcare payer solution market size, healthcare payer solution market trends and drivers, opportunities, strategies, and healthcare payer solution market competitor analysis. The countries covered in the healthcare payer solution 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.

Healthcare payer solutions aid healthcare insurers, public and private payers, and members with claims management, member engagement, audits, medical records, and customer relations. These solutions help the healthcare system function better overall by improving care quality, cutting costs, enhancing patient happiness and provider effectiveness, and utilising unique strengths.

View More Reports Related To The Healthcare Payer Solution Market –
Payer Services Global Market Report 2023
Healthcare Reimbursement Global Market Report 2023
Value Based Care Payment Global Market Report 2023

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