Healthcare Outsourcing Market (2011-2016): Provider (Medical coding) and Payor (Claims processing)

Healthcare industry has invested around 50% of its capital in Information technology in the last 5 years. End Quote

Dallas, TX (1888PressRelease) November 23, 2011 - Healthcare Outsourcing Market (2011-2016): Provider (Medical coding) and Payor (Claims processing)
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Healthcare industry has invested around 50% of its capital in Information technology in the last 5 years. This is expected to increase further and would enable physicians to bring down the preventable deaths mark by 50% by 2013. Internal resource unavailability, focus to improve company business, need to have access to latest technologies and capabilities, lack of proper back office administration, internal resource allocation to key priorities of the firm etc are the main factors that are driving the It outsourcing market. Payor outsourcing capabilities include claims processing, HR services, Customer care and Finance & Accounts. Provider outsourcing capabilities are Medical billing, Medical coding and Medical transcription. Medical Billing is the major process outsourced by the providers from the US market and Claims processing is the dominating outsourcing process for the Payor market. India, Philippines, China, Eastern Europe and Thailand are the major outsourcing destinations. The BPO healthcare market is shifting from discrete services (e.g., data entry) to systematic end-to-end business solutions which need a BPO vendor with standardized, healthcare "business and operations" expertise, and advanced technology base. The Healthcare Outsourcing (BPO) Market is expected to grow at a CAGR of 13% till 2015.

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Releated Report : Pharmaceuticals Market
http://www.marketsandmarkets.com/pharmaceutical-market-research-3.html

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