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What Does The Market Size Analysis Indicate for the Global Healthcare Claims Management Solutions Market?
The healthcare claims management solutions market size has shown strong growth in recent years. It is predicted to grow from $16.45 billion in 2024 to $17.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period is believed to be driven by factors such as increased healthcare cost, regulatory compliance, paperless claims processing, improved accuracy, and a higher level of provider-payer collaboration.
Forecasted growth for this market is also substantial, with predictions showing the market size increasing to $23.1 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The increase during the forecast period can be attributed to factors such as telehealth expansion, adoption of value-based care, interoperability, cybersecurity, and pandemic preparedness.
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What Are the Growth Drivers in the Healthcare Claims Management Solutions Market?
The rapid increase in the aging population is a significant growth driver in the healthcare claims management solutions market. Aging individuals, specifically those aged 65 and over, often need healthcare claims management solutions to expedite their payment lifecycle. As a result, the increasing number of aging individuals globally increases the demand for these solutions.
What Are the Key Market Segments in the Healthcare Claims Management Solutions Market?
1) By Type: Software, Services
2) By Deployment Mode: Web-Based, Cloud-Based, On-Premise
3) By End-User: Healthcare Payers, Healthcare Providers, Other End-Users
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Who Are the Major Players in the Healthcare Claims Management Solutions Market?
Key companies in the healthcare claims management solutions market include Allscripts Healthcare Solutions Inc., Athenahealth, McKesson Corporation, Oracle Corporation, Alpha II LLC, Availity Co., Cerner Corporation, Change Healthcare, Conifer Health Solutions LLC, eClinicalWorks, EmblemHealth Co., Emdeon Inc., Epic Systems Corporation, Inovalon Co., InstaMed Co., Kareo Co., NaviNet Inc., NTT Data Services, Optum Inc., Provation Medical, SSI Group LLC, The SSI Group, Cognizant Technology Ltd., TruBridge Co., Waystar Co., and ZirMed Inc.
What Are The Emerging Trends in the Healthcare Claims Management Solutions Market?
Technology advancements for innovative treatments in healthcare are emerging trends in the healthcare claims management solutions market. For instance, in January 2022, Treatment.com International Inc., a US-based healthcare software solutions provider, launched a doctor-built digital health app that uses AI software technology to provide highly accurate insights about user health, bringing innovation to the arena of healthcare claims management.
Which Region Has the Fastest Growth Rate in the Healthcare Claims Management Solutions Market?
While North America was the largest region in the healthcare claims management solutions market in 2024, it is expected that Asia-Pacific will show the fastest growth during the forecast period.
What Does The Healthcare Claims Management Solutions Market Report Offer?
Healthcare claims management solutions refer to solutions that offer complete automation of claims processing and provide quick access to client information while maintaining the privacy of personal medical data. The Healthcare Claims Management Solutions Market research report from The Business Research Company offers a comprehensive analysis of global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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