The global payer billing market was valued at $1,004 million in 2013, and is expected to grow at a CAGR of 5.9% from 2014-2019. Billing projects are able to rapidly generate significant return on investment (ROI).
Healthcare reforms are expected to expand the market further with an increase in the number of policies; which would eventually lead to increase in the billing volume. This growing market represents opportunities and requirement of new products, which would enable billing in new and different ways. These new policies are supported by billing solutions that allow flexibility to produce bills that are more efficient and customer-friendly. A modern real-time billing system with electronic bill presentment and payment (EBPP) capability leads to a reduction in late payments and increases cash in hand.
Automation of cumbersome, manual processes such as cash application can decrease manpower expenses. Automation of the collection process, through automated dunning letter generation and workflow management, leads to enormous and immediate gains. Inaccurate and difficult billing process leads to customer dissatisfaction, increasing customer attrition, and loss of business. Implementing an adaptive billing solution offers healthcare payers the opportunity to greatly reduce expenses, increase revenue, and improve customer service.
The report provides an in-depth analysis of market landscape and market trends information on the payer billing market, based on products, components, deployments, end-users and geography. On the basis of components, the market is segmented into hardware, software and services.
The end users of this market are segmented as Emergency Healthcare Service providers, Hospitals, Nurses, Office based Physicians and others.
On the basis of geography, it is segmented into North America, Europe, Asia and rest of the world. North America commanded the largest share – 58.8% – of the global payer workflow system.
The report also provides an extensive competitive landscaping of the leading companies operating in this market.
1 Introduction
1.1 Objective of the Study
1.2 Market Segmentation & Coverage
1.3 Stakeholders
2 Research Methodology
2.1 Integrated Ecosystem of Payer Billing Market
2.2 Arriving At the Payer Billing Market Size
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.2.3 Demand Side Approach
2.2.4 Macro Indicators
2.3 Assumptions
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Payer Billing Market: Comparison with Parent Market
4.3 Market Drivers and Inhibitors
4.4 Key Market Dynamics
4.5 Demand Side Analysis
4.6 Vendor Side Analysis
5 Payer Billing Market, By Product
5.1 Research Methodology
5.2 Introduction
5.3 Payer Billing Market, Type Comparison with Administrative System Market
5.4 Integrated Payer Billing Market, By Geography
5.5 Standalone Payer Billing Market, By Geography
5.6 Sneak View: Administrative System Market, By Product
6 Payer Billing Market, By Deployment
6.1 Research Methodology
6.2 Introduction
6.3 Payer Billing Market, Type Comparison with ADMINISTRATIVE SYSTEM MARKET
6.4 Web-based Market, By Geography
6.5 On-premise Market, By Geography
6.6 Cloud-based Market, By Geography
6.7 Sneak View: Administrative System Market, By Deployment
7 Payer Billing Market, By Component
7.1 Research Methodology
7.2 Introduction
7.3 Payer Billing Market, Type Comparison with ADMINISTRATIVE SYSTEM MARKET
7.4 Services (Healthcare IT) Market, By Geography
7.5 Software (Healthcare IT) Market, By Geography
7.6 Hardware (Healthcare IT) Market, By Geography
7.7 Sneak View: Administrative System Market, By Component
8 Payer Billing Market, By Enduser
8.1 Research Methodology
8.2 Introduction
8.3 Demand Side Analysis
8.4 Vendor Side Analysis
8.5 Payer Billing in Hospitals, By Geography
8.6 Payer Billing in Office based Physicians, By Geography
8.7 Payer Billing in Nurses, By Geography
8.8 Payer Billing in Emergency Healthcare Service providers, By Geography
8.9 Payer Billing in Other Endusers, By Geography
8.10 Sneak View: Administrative System Market, By Enduser
9 Payer Billing Market, By Geography
9.1 Research Methodology
9.2 Introduction
9.3 Vendor Side Analysis
9.4 North America Payer Billing Market
9.5 Europe Payer Billing Market
9.6 Asia Payer Billing Market
9.7 Rest of World Payer Billing Market
9.8 Sneak View: Administrative System Market, By Geography
10 Competitive Landscape
10.1 Payer Billing Market Concentration Analysis
10.2 Company Presence in Payer Billing Market, By Type
10.3 Merger & Acquisition
10.4 Other Expansion
10.5 New Synergies
11 Payer Billing Market, By Company
11.1 Oracle Corporation
11.1.1 Overview
11.1.2 Key Financials
11.1.3 Product and Service Offerings
11.1.4 Related Developments
11.1.5 MMM Analysis
11.2 Cerner Corporation
11.2.1 Overview
11.2.2 Key Financials
11.2.3 Product and Service Offerings
11.2.4 Related Developments
11.2.5 MMM Analysis
11.3 Aspect Software
11.3.1 Overview
11.3.2 Key Financials
11.3.3 Product and Service Offerings
11.3.4 Related Developments
11.3.5 MMM Analysis
11.4 Avaya Inc.
11.4.1 Overview
11.4.2 Key Financials
11.4.3 Product and Service Offerings
11.4.4 Related Developments
11.4.5 MMM Analysis
11.5 Infor
11.5.1 Overview
11.5.2 Key Financials
11.5.3 Product and Service Offerings
11.5.4 Related Developments
11.5.5 MMM Analysis
12 APPENDIX
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PRODUCT TITLE | PUBLISHED | |
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Asian Payer Billing The Asian payer billing systems market has gained a significant share in the total payer billing system market, and is estimated to grow at a CAGR of 6.2% between 2013 and 2018. The market can be segmented on the basis of types and various other types of components and deployment. The report further segments the market into major geographies, end users, companies, and macro indicators. A deep-dive analysis of the top players of this market has been provided in this report. |
Upcoming | |
Europe Payer Billing The European payer billing systems market has gained a significant share in the total payer billing system market, and is estimated to grow at a CAGR of 5.4% between 2013 and 2018. The market can be segmented on the basis of types and various other types of components and deployment. The report further segments the market into major geographies, end users, companies, and macro indicators. A deep-dive analysis of the top players of this market has been provided in this report. |
Upcoming | |
North America Payer Billing The North American payer billing systems market has gained a significant share in the total payer billing system market, and is expected to grow at a CAGR of 6.3%. The market can be segmented on the basis of types and various other types of components and deployment. The report further segments the market into major geographies, end users, companies, and macro indicators. A deep-dive analysis of the top players of this market has been provided in this report. |
Upcoming |