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Analysis of Healthcare EDI Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Healthcare

The “Healthcare EDI Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Healthcare EDI Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Healthcare EDI market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Healthcare EDI Market Are:

  • Allscripts Healthcare Solutions Inc.
  • Cognizant
  • Emdeon Inc.
  • GE Healthcare
  • McKesson Corporation
  • Optum Inc.
  • Quadax Inc.
  • Siemens Healthineers
  • SSI Group Inc.
  • Tallan Inc.

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    Market Overview:

  • The healthcare EDI market is expected to register a CAGR of 8% during the forecast period (2014 – 2024).
  • Healthcare electronic data interchange (EDI) can be defined as a structured method to transmit healthcare data between computer and data management systems. Recent government initiatives supporting healthcare resulting in efforts and concerns regarding adopting EDI systems, especially in the developed as well as emerging countries, are the biggest drivers of the healthcare EDI market. Management, processing, and transfer of the healthcare data, such as patient credentials, medication, and diagnostic data, and emergency service records have previously been a resource-intensive and time-consuming task. However, following the digitalization, EDI has helped to manage this huge amount of data in a systematic, efficient, and accessible manner.
  • Moreover, other factors, such as the emergence of Big Data analytics, favorable policy implementation, and the initiatives and incentive programs launched by different organizations to promote healthcare IT, are also driving the growth of the market.

    Scope of the Report:

  • Electronic data interchange (EDI) can be defined as a structured way to transmit data between computer systems, governed by agreed standards. EDI document has a standardized format, which ensures that data can be quickly interpreted on both sides. In healthcare, the majority of data management was done manually and ad-hoc, where protecting and securing healthcare information is a major concern. To speed up the healthcare data transfers and accessibility at the national and global levels, EDI is an important modality to invest in.

    Healthcare EDI Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Healthcare EDI market?
    • What are the key market trends impacting the growth of the global Healthcare EDI market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Healthcare EDI market?
    • What are the market opportunities and threats faced by the vendors in the global Healthcare EDI market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Healthcare EDI market?

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    Key Market Trends:

    Software Segment in by Component Expected to Register Robust Growth in the Forecast Period

    Software is a major component of the entire electronic data interchange process, which includes multiple things for the management of healthcare facilities, globally. An EDI software is often used to convert the available data in a form that is readable by the machines, as well as for reading the data shared among trading partners. The payment facilities in healthcare are among the major stresses to healthcare administrations, and here the EDI is highly useful through their software. Apart from that, the EDI software is very important in the management of medical claims and standardization of data to ensure quick transfer.

    The United States to Dominate the Market

    The EDI in healthcare is well-established across the United States. With UnitedHealthcare and other payers, this market is beneficial for providers and their billing services in multiple ways, such as fast information transfers, quick identification of submission errors and avoiding the claim processing delays, reducing the administrative expenses, lower account receivables, and exchange of information with multiple payers at one time.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Healthcare EDI Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Healthcare EDI .

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    Report Objectives:

    • Analyzing the size of the Healthcare EDI market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Healthcare EDI market.
    • Determining the key dynamics of the Healthcare EDI market.
    • Highlighting significant trends of the Healthcare EDI market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Healthcare EDI market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Healthcare EDI market.

    Detailed TOC of Healthcare EDI Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Adoption of Big Data in Healthcare
    4.2.2 Rising Need of Controlling the Healthcare Costs
    4.2.3 Government Support to Increase the Information Technology in Healthcare Services
    4.3 Market Restraints
    4.3.1 Data Privacy and Security Concerns
    4.3.2 High Cost of Implementation of EDI
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Software
    5.1.2 Hardware
    5.1.3 Services
    5.2 By Transaction
    5.2.1 Claim Management
    5.2.2 Healthcare Supply Chain
    5.2.3 Other Transactions
    5.3 By Mode of Delivery
    5.3.1 Web- and Cloud-based EDI
    5.3.2 EDI VAN
    5.3.3 Mobile EDI
    5.3.4 Other Modes of Delivery
    5.4 By End User
    5.4.1 Healthcare Providers
    5.4.2 Medical Devices and Pharmaceutical Industry
    5.4.3 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.1.1 US
    5.5.1.2 Canada
    5.5.1.3 Mexico
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 UK
    5.5.2.3 France
    5.5.2.4 Italy
    5.5.2.5 Spain
    5.5.2.6 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 Australia
    5.5.3.5 South Korea
    5.5.3.6 Rest of Asia-Pacific
    5.5.4 Middle East & Africa
    5.5.4.1 GCC
    5.5.4.2 South Africa
    5.5.4.3 Rest of Middle East & Africa
    5.5.5 South America
    5.5.5.1 Brazil
    5.5.5.2 Argentina
    5.5.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Allscripts Healthcare Solutions Inc.
    6.1.2 Cognizant
    6.1.3 Emdeon Inc.
    6.1.4 GE Healthcare
    6.1.5 McKesson Corporation
    6.1.6 Optum Inc.
    6.1.7 Quadax Inc.
    6.1.8 Siemens Healthineers
    6.1.9 SSI Group Inc.
    6.1.10 Tallan Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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