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The global healthcare electronic data interchange (EDI) market is expected to grow at a CAGR of 8.8% during the forecast period. rising government support for healthcare IT projects, increasing demand to curtail healthcare costs, rising awareness about the benefits associated with EDI software, and increasing adoption of EDI software are expected to drive the market growth over the forecast period.
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Healthcare Electronic Data Interchange Market 2020-2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Healthcare Electronic Data Interchange Market 2020-2023 Healthcare Electronic Data Interchange Market Highlights The global healthcare electronic data interchange (EDI) market is expected to grow at a CAGR of 8.8% during the forecast period. rising government support for healthcare IT projects, increasing demand to curtail healthcare costs, rising awareness about the benefits associated with EDI software, and increasing adoption of EDI software are expected to drive the market growth over the forecast period. EDI healthcare transactions help in the elimination of all paper trails and digitize all transactions which results in lower handling costs of processing healthcare documents. Based on the Workgroup for Electronic Data Interchange (WEDI) estimations, healthcare players can generate significant savings of USD 1 per claim for health plans, USD 1.49 for physicians, USD 0.86 for hospitals, and USD 0.83 for others, with EDI. However, the high implementation cost of EDI software, data security, hesitancy to switch from conventional methods can restrain the market growth over the assessment period. www.marketresearchfuture.com
Healthcare Electronic Data Interchange Market 2020-2023 Healthcare Electronic Data InterchangeMarket Segmental Analysis On the basis of component, has been segmented into software, and services. By delivery mode, has been segmented into web and cloud-based EDI, EDI value added network (VAN), direct (Point-to-Point) EDI, and mobile EDI. By transaction, has been segmented into claims & encounters and payment & remittance advance, eligibility inquiry and response, claim attachments, claim status and response, enrollments, and referral certification and authorization. By end user, has been segmented into healthcare payers, healthcare providers, pharmaceutical & medical device industries, and others. www.marketresearchfuture.com
Healthcare Electronic Data Interchange Market 2020-2023 Healthcare Electronic Data Interchange Market Regional Analysis Geographically, the Americas is anticipated to dominate the global healthcare electronic data interchange (EDI) market owing to rising healthcare expenditure, increasing participation of market players and technological advancements in EDI software. Europe is expected to hold the second largest position in the global healthcare electronic data interchange (EDI) market. The market growth in this region is attributed to the government funding and favorable policy implementation. The healthcare electronic data interchange (EDI) market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the rising spending on information technology in the Asia-Pacific region. Browse Complete Report with TOC @https://www.marketresearchfuture.com/reports/healthcare-electronic-data-interchange-market-7338 www.marketresearchfuture.com
Healthcare Electronic Data Interchange Market 2020-2023 Healthcare Electronic Data Interchange Market Key Players • GE Healthcare • McKesson Corporation • Cognizant • Allscripts Healthcare Solutions Inc. • Siemens Healthineers • Optum, Inc. • The SSI Group, LLC • Schreiner Group • ZirMed Inc. • Experian Information Solutions, Inc. • Emdeon Inc. Avail Free Sample @ https://www.marketresearchfuture.com/sample_request/7338 www.marketresearchfuture.com
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