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In this report, the HCIT outsourcing market is segmented on the basis of its application into provider outsourcing, payer outsourcing, life sciences outsourcing, operational services outsourcing, and infrastructure outsourcing.
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MarketsandMarkets Presents Healthcare IT Outsourcing Market worth $50.4 Billion By 2018 http://www.marketsandmarkets.com/Market-Reports/healthcare-it-outsourcing-market-1219.html
The “Healthcare IT Outsourcing Market - By Application [Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management, Fraud Detection, Billing) Life Science (ERP, CTMS, CDMS) Operational (SCM, BPM) & Infrastructure (IMS, Cloud Computing)] & Industry - Global Forecast To 2018”, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, APAC, and Rest of the World.. Browse: 147 market data tables 11 figures 365 pages in-depth TOC on “Healthcare IT Outsourcing Market http://www.marketsandmarkets.com/Market-Reports/healthcare-it-outsourcing-market-1219.html Early buyers will receive 10% customization of reports.
Scope of the Report • The research report categorizes the healthcare information technology outsourcing market by delivery mode, by components, and application. These markets are further broken down into segments and sub-segments. • Global Healthcare Information Technology Outsourcing Market, by Application: • Global Provider Outsourcing Market • Electronic Health Records • Revenue Cycle Management System • Laboratory Information and Management System • Pharmacy Information and Management System • Others • Global Payer Outsourcing Market • Customer Relationship Management System • Claim Processing Management System • Billing System • Fraud and Detection System • Other
Global Life Science Outsourcing Market • Enterprise Resource Planning • Clinical Trial Management System • Clinical Database Management System • Research and Development IT services • Others • Global Operational Outsourcing Market • Supply Chain Management • Business Process Management • Others • Global Infrastructure Outsourcing Market • Infrastructure Management Services • Cloud Computing • Others
Global Healthcare Information Technology Outsourcing Market, by Industry: • Healthcare System • Healthcare Insurance Industry • Pharmaceutical Industry • Clinical Research Organization • Biotechnology • Others • Global Healthcare Information Technology Outsourcing Market, by Geography: • North America • Europe • Asia-Pacific • Rest of World
Over the years, outsourcing has surfaced as a successful business model that mitigates the burden of administration, procurement, accounting, logistics and other tasks, and develops cost-effective business processes. The healthcare industry, which faces the challenge of delivering the best patient care at an affordable cost, has been opting for outsourcing IT solutions. The healthcare industry, on the whole, generates huge amounts of data. Healthcare providers/payers need to electronically track data related to medical records, billing codes, electronic monitoring systems, and patient care. In order to track and manage this valuable data via electronic systems, there is a need for strong information technology infrastructure and devices such as servers, desktops, networks, personal digital assistants (PDAs), and laptops.
Due to the lack of required skills and IT domain expertise, maintaining IT infrastructure and services is a challenging task for the healthcare industry. This has resulted in an unprecedented demand for IT infrastructure outsourcing and IT services, which enable healthcare providers to focus on their core service areas, thereby curtailing costs and enhancing quality care. In this report, the HCIT outsourcing market is segmented on the basis of its application into provider outsourcing, payer outsourcing, life sciences outsourcing, operational services outsourcing, and infrastructure outsourcing.The market has also been segmented by industry such as the healthcare system (including hospitals, clinics, and diagnostic laboratories, among others), the healthcare insurance industry, pharmaceutical industry, clinical research organizations, and biotechnology companies.
Factors propelling the growth of the market are the rising pressure to curb healthcare costs across the globe and the growing need to manage cash flow in back-office administration and IT management systems of healthcare providers, payers, and the life science segment. Lack of in-house IT expertise, rise in demand for integrating solutions, growing pressure on healthcare providers to meet the “Meaningful Criteria” set by the U.S. Federal Government, new ICD-10 conversion guidelines for coding, rise in aging population, and growing medical tourism in Asia are some of the other factors that are also likely to drive the healthcare IT outsourcing market. The global market is forecast to grow at a CAGR of 7.6%, to reach $50.4 billion by 2018 from $35 billion in 2013. The health insurance industry, healthcare systems industry, and pharmaceutical industry are driving the HCIT outsourcing market.
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