Sep 6, 2017   SOURCE: PR NewsWire

Global Healthcare BPO Market Expected to Witness Exponential Growth From 2011 to 2021: Million Insights

FELTON, California, September 6, 2017 /PRNewswire/ --

Global Healthcare BPO Market [https://www.millioninsights.com/industry-reports/healthcare-business-process-outsourcing-bpo-market ] is segmented on the basis of Pharmaceutical Service as Research and Development, Manufacturing, and Non-clinical Services. The Non-Clinical Services is further segregated as Supply Chain Management (SCM) and Logistics, Sales and Marketing, and Other Non-Clinical Functions.

A procedure in which the healthcare organizations contract out business operations to the outside vendors is known as healthcare business process outsourcing (BPO). With the help of this practice, a healthcare company doesn't need to rely on staff and equipment onsite to administer the computers, employees, customers, and accounting. The company can now freely concentrate mainly on the issue of patient care. It has been observed that now-a-days, it is a common picture that most of the healthcare companies are outsourcing their operations on a variety of levels.

The prominent factors that are playing a major role in raising the share in the market include increasing pressure to trim down healthcare delivery costs, rising number of people seeking insurance, rise in the pharmaceutical companies going through patent cliffs, merging up of healthcare systems, compulsory execution of ICD-10 codes and lower production costs in the emerging countries

Browse 100 page research report with TOC on "Global Healthcare BPO Market" at: https://www.millioninsights.com/industry-reports/healthcare-business-process-outsourcing-bpo-market

Healthcare BPO Market is segmented on the basis of Payer Service as Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Provider Management, Billing and Accounts Management, Analytics and Fraud Management, and HR. Among all, Claims Management is lately taking up the largest share, owing to approval of PPACA and augmented pressure to turn healthcare more reasonable and inexpensive.

Healthcare BPO Market is segmented on the basis of geographical location as North America, China, Europe, Japan, India, and Southeast Asia. As far as the geography is concerned, North America is covering the largest share of the market, the reason being compulsory execution of ICD-10 codes and approval of PPACA. The United States is recognized as the major contributor in the market growth of the particular region.

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Market Segmentation: 

By Product Type 

- Type I

- Type II

- Type III

By Application 

- Application 1

- Application 2

- Application 3

Key Industry Participants 

- Quintiles

- HCL

- Cognizant

- Covance

- Accenture

- Inventiv

- Catalent

- Parexel

- Lonza

- Boehringer Ingelheim

- Charles Rivers

- Genpact

- Sutherland

- PremierBPO

- Firstsource

- PPD

- GeBBS Healthcare

- Indian Healthcare BPO

About Million Insights: 

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SOURCE Million Insights