Healthcare EDI Market Is Anticipated To Reach $5.9 Billion By 2025: Grand View Research, Inc.
The global healthcare EDI market is anticipated to reach USD
5.9 billion by 2025, according to a new report by Grand View Research, Inc. The
market is expected to witness a CAGR of 9.4% over the forecast period, owing to
increasing government support for healthcare IT coupled with surge in number of
end-users and increasing adoption of EDI.
In 2010, the ObamaCare Act (the
Affordable Care Act) was passed in the U.S., which mandated the use of
enrolled/dis-enrolled transactions between the payers and providers in the U.S.
Implementation of favorable policy such as Health Insurance Portability &
Accountability Act (HIPAA) to provide data privacy and security provisions to
protect medical information is anticipated to propel the market growth.
Increasing government funding for the EDI-Special Project congressional grants
is befitting hospitals and non-profit organization, thereby expected to foster
the market growth.
A surge in number of end-users
such as payers, providers, pharmaceutical & medical device industries, and
others are anticipated to fuel the demand of the EDI services or solutions
during the market period. The healthcare payers use EDI for the evaluation of
insurance claims before their payment settlement, prevention & detection of
fraudulent claims to provide rapid services through collaborating with
providers in order to gain a competitive advantage.
U.S. healthcare EDI market, by
delivery mode, 2014 - 2025 (USD Million)
Browse full research report on
Healthcare EDI Market: http://www.grandviewresearch.com/industry-analysis/healthcare-electronic-data-interchange-edi-market
Further key findings from
the report suggest:
- The services
segment held lucrative market share in 2016 and is expected to grow at a
significant rate over the forecast period, owing to growing demand from
healthcare and insurance providers for healthcare claims filing, its
verification, and accounts receivables
- The mobile
EDI segment is expected to be the fastest growing segment over the
forecast period due to technological developments in the healthcare industry
and rising adoption of mobile solutions from healthcare providers
- North America
is expected to dominate the healthcare EDI market over the forecast period
due to rising demand for innovative IT solutions to streamline workflows
coupled with increasing regulatory requirements regarding patient safety
- Some of the
key players in healthcare EDI market are GE Healthcare; McKesson
Corporation; Cognizant; Allscripts Healthcare Solutions Inc.; Siemens
Healthineers; Optum, Inc.; Schreiner Group; The SSI Group, LLC; ZirMed
Inc.; and Experian Information Solutions, Inc.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-healthcare-electronic-data-interchange-edi-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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