Lewes, DE -- (SBWire) -- 04/07/2015 --Report forecast the Global Healthcare BPO Market that comprises F&A BPO, HR BPO and CRM BPO to grow at a CAGR of 5.32 percent over the period 2014-2019.
BPO is a segment of outsourcing, which consists of subcontracting the business processes of an organization to a third-party vendor that has the expertise in the required domains. It helps clients to increase their operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with the latest technologies, and build an organization with an economical cost structure in the long run. The healthcare space has been witnessing the adoption of BPO services due to proven benefits, such as cost reduction, improved patient care services, and staff efficiency.
This report gives an overview of the Global Healthcare BPO market and includes the market segments namely: F&A, HR and CRM. The report also includes the market segmentation by Geography based on the three key regions: the Americas, and the APAC and EMEA regions.
According to the report, the Global Healthcare BPO market is primarily driven by the increased need for cost-effective operations. Many global healthcare organizations have started to outsource their business functions because of the upsurge in healthcare expenditures, expansion strategies requiring more infrastructure, capital investment, and increase in labor costs. Outsourcing functions enable healthcare firms to cut costs.
Further, the report states that issues pertaining to data security and privacy when outsourcing business processes to BPO service providers is the major challenge in this market. As data related to healthcare institutions and payers are confidential and sensitive in nature, there is a rising threat of data theft and private information intrusion.
Global Healthcare BPO Market 2015-2019, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the Global Healthcare BPO Market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
key players in the Global Healthcare BPO Market: Accenture Plc, Cognizant Technology Solutions, Genpact Ltd, IBM Corp., Tata Consultancy Services Limited (TCS), Wipro Corp. and Xerox Corporation
Other Prominent Vendors in the market are: 3i infotech, Acclaris, Accretive Health, ACS, Acura, Aditya Birla Minacs, Aegis, Allscripts Healthcare Solutions, Allsec Technologies, Aon, Capgemini, CGI, Convergys, CSC, Dell, Dynamic Healthcare Systems, EXL, Firstsource, HCL Technologies, Hexaware, Hinduja Global Solutions, HP, Igate, IMS Health, Infosys , iProjects, McKesson, Medusind Solutions, Minacs, Mphasis, NCO Financial Systems, Promantra, Serco Global Services, Siemens Healthcare, Sourcehov, SUN Knowledge, Sutherland Global, Tech Mahindra, Teleperformance, Teletech, ThinkHealth Services, TMG Health and WNS
Key Regions
- Americas
- APAC
- EMEA
Market Driver
- Increasing Need for Cost-effective Operations
- For a full, detailed list, view our report
Market Challenge
- Issues Pertaining to Data Security
- For a full, detailed list, view our report
Market Trend
- Emergence of Cloud-based BPO in Healthcare
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 117 pages and 32 Exhibits "Global Healthcare BPO Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Services, Market Segmentation by Geography, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-healthcare-bpo-market-2015-2019
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