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The United States healthcare BPO market is expected to exhibit a CAGR of 8.09% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Healthcare business process outsourcing (BPO) is a business activity providing support to medical institutions, staff, and organizations. It comprises medical coding and billing, and data and claim processing that helps healthcare providers focus on core business functions and treat the patients more efficiently. It also assists in collecting drug inventory, prescriptions, tests and lab reports, insurance details, and bill payment records of the patients. In addition, it saves expenses by reducing the operational costs of hiring and training the in-house team. Healthcare BPO verifies the patient records instantly while performing an analytical diagnosis, which can produce significant insights related to patient care.
The growing demand for healthcare BPOs in the United States to offer quality patient care and reduce the overall cost of revisits and re-treatment of the patients represents one of the key factors driving the market. Moreover, there is an increase in the demand for healthcare BPOs that can provide access to specialists for enhancing the availability of skilled healthcare professionals. This, along with the burgeoning healthcare industry, is propelling the growth of the market in the US. In addition, there is a rise in the non-core activities, such as improved patient care, predictable cash flow, and increased net revenue, of hospitals for better operational benefits. This, coupled with the increasing healthcare expenditure in the country, is contributing to the growth of the market. Besides this, as maintaining patient records, interacting with health insurance agencies, and issuing invoices for medical services are time-consuming, there is a rise in the outsourcing of medical claims by hospitals. Apart from this, the implementation of various reforms and the conversion from the ICD-9 coding system to the ICD-10 coding system by the US Government is bolstering the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the United States healthcare BPO market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on payer service, provider service and pharmaceutical service.
Breakup by Payer Service:
Breakup by Provider Service:
Breakup by Pharmaceutical Service:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Payer Service, Provider Service, Pharmaceutical Service, Region|
|Region Covered||Northeast, Midwest, South, West|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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