Healthcare BPO Market Key Growth Factors, Trends and Insight 2017 Aug 2017

The Healthcare BPO Market is projected to reach USD 13.46billion by 2022. The Healthcare
BPO Market is growing and the experts have predicted the future stats of Healthcare BPO.
Healthcare BPO Market report contains the top corporate profiles and strategies with industry
analysis and trends.
Complete report is now available on Healthcare BPO Market by Provider (RCM, Patient Care),
Payer (Claims Repricing), Pharmaceutical (R&D, Manufacturing, Sales and Marketing Services
(Forecasting, Performance Reporting)), Outsourcing Approaches, Models (Multisourcing) -
Global Forecasts to 2022 at http://www.rnrmarketresearch.com/healthcare-bpo-market-
payer-claims-processing-provider-medical-billing-coding-pharmaceutical-clinical-trial-
contract-manufacturing-outsourcing-global-analysis-forecasts-2011-market-report.html
The healthcare BPO market is expected to grow at a CAGR of 10.2% from2017 to 2022, to reach
USD 312.43 billion by 2022 from USD 191.68 billion in 2017. The need to reduce the rising
healthcare costs and the implementation of the Patient Protection and Affordable Care Act
(PPACA) are factors that compel payers and providers to outsource their business processes to
low-cost countries in order to reduce operational costs. Patent cliffs, complex clinical trial
protocols, and new reporting requirements are forcing pharmaceutical companies to outsource
their R&D and manufacturing processes to other countries, which is driving the healthcare
outsourcing market. On the other hand, the fear of losing visibility & control over business
processes and reliability and data security & privacy concerns are the major factors expected to
restrain market growth.
On the basis of provider service, the healthcare BPO market is segmented into revenue cycle
management, patient enrollment, and patient care. In 2017, the revenue cycle management
segment is expected to account for the largest share of the global healthcare BPO market.
Growth in the revenue cycle management market can largely be attributed to factors such as
decreasing reimbursements in the healthcare industry, reductions in the overall healthcare
costs, initiatives undertaken by governments for implementing RCM solutions, and increasing
expenditure by the healthcare IT industry.
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Break of primary participants in Healthcare BPO Market was as mentioned below:
By Company Type: Tier 1 – 33%, Tier 2 – 44%,and Tier 3 – 23%
By Designation: Director Level – 19%, C Level – 52%, and Manager Level – 29%
By Region: Europe –39%, North America –15%, Asia Pacific – 35%, and Row – 11%