San Francisco, 5
November 2018: 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.
Access Research Report of Healthcare EDI Market@ www.grandviewresearch.com/industry-analysis/healthcare-electronic-data-interchange-edi-market
Further Key Findings From the Study 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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has
segmented the global healthcare EDI market on the basis of product, end-use,
and region:
Healthcare EDI Component Outlook (Revenue, USD Million,
2014 - 2025)
·
Services
·
Solutions
Healthcare EDI Delivery Mode Outlook (Revenue, USD
Million, 2014 - 2025)
·
Web and Cloud-based EDI
·
EDI Value Added Network (VAN)
·
Direct (Point-to-Point) EDI
·
Mobile EDI
Healthcare EDI End-use Outlook (Revenue, USD Million,
2014 - 2025)
·
Healthcare Payers
·
Healthcare Providers
·
Pharmaceutical & Medical Device
Industries
·
Others
Healthcare EDI Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa (MEA)
Access Press Release of
Healthcare EDI Market@ www.grandviewresearch.com/press-release/global-healthcare-electronic-data-interchange-edi-market
About Grand View Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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