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Global Healthcare EDI Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Healthcare EDI

The report focuses on the favorable Global “Healthcare EDI market” and its expanding nature. The Healthcare EDI market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

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.

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    Key Manufacturers

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

    Market Dynamics: –

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

    Healthcare EDI market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Healthcare EDI market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Healthcare EDI market have also been involved in the study.

    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.

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    TOC of Healthcare EDI Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Healthcare EDI market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Healthcare EDI Market Report Covered:

    • The report analyses how Healthcare EDI market will grow in the future.
    • Analyzing various perspectives of the Healthcare EDI market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Healthcare EDI market shares and policies employed by the major market players.
    • Competitive landscape including the Healthcare EDI market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Healthcare EDI market players

    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 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.

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    Study objectives of Healthcare EDI Market Report:

    • To provide a detailed analysis of the market structure along with the Healthcare EDI market forecast of various segments and sub-segments of the Healthcare EDI market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Healthcare EDI market trends that influence 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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