Healthcare IT Outsourcing Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||390829|
|出版日期||內容資訊||英文 115 Pages
|醫療保健IT(HCIT)外包的全球市場:成長，趨勢，及預測 Healthcare IT Outsourcing Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年09月01日||內容資訊: 英文 115 Pages||
Rising pressure to reduce the healthcare costs across the globe and the growing need to manage cash flow in back-office administration and IT management systems are the major factors driving the growth of the healthcare IT outsourcing market. Additionally, increased patient-centric and value-based approach in healthcare, shortage of in-house trained IT professionals, government's focus on introducing IT in healthcare, and reduction in operational cost and healthcare cost are also driving the healthcare IT outsourcing market. However, the threat to data security and confidentiality, lack of standard platform and shortcomings in performance compared to expectations, also act as a restraint for the healthcare IT outsourcing market.
Outsourcing is the set of economic practices used by firms to use other companies to perform certain stages of the production process. Although specialized companies for providing manufacturing services to companies have existed in Italy since the early sixties, the term 'outsourcing' became quite popular in the managerial community only in the late eighties, early nineties. Healthcare industry is highly fragmented. It's composed of two segments-payers and providers.
Payers HCIT Outsourcing segment dominates the Global Healthcare IT Outsourcing Market
The Payers HCIT Outsourcing segment is expected to witness a healthy CAGR over the forecast period owing to the significant change in healthcare landscape on account of regulatory amendments and escalating costs most healthcare firms adopted new technologies and outsourcing business models. Large companies are now collaborating with large BPO's and KPO's for services such as Health claims, Billing and Accounts, Healthcare IT operations etc. As population with insurance is on rise, managing the processes efficiently is becoming a lower-value contribution to the bottom line. Having benefited from the cost saving and improved efficiency in Quality, more Payers in industry are outsourcing to large BPO organizations integrated cloud-based platform for claims administration and member lifecycle management. In an attempt to reduce the costs while providing better quality patient care, healthcare insurance payers are streamlining the process. The steady growth of people opting insurance and technological advancement has paved the path for increase in Healthcare payer services.
North America Dominates the Healthcare IT Outsourcing Market
North America currently dominates the market for healthcare it outsourcing and is expected to continue its stronghold over the period 2019-2024. This region is expected to increase its market share in the future, owing to the well-established healthcare industry and better reimbursement facilities in the region. The United States holds the majority of the market in the North American region, due to the higher adoption of digital healthcare in the country and the rising investments done by the companies over there.
Global Healthcare IT Outsourcing Market is highly competitive and consists of several major players. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new ingredients with lesser prices. For instance, in 2017 - Infosys launched Infosys Nia, the next-generation integrated artificial intelligence platform. Some of the major companies in this market are IBM, ORACLE, Cerner, Mckesson, Philips Healthcare, Siemens Healthcare, Accenture, Tata Consultancy Services, Dell, Infosys.