The article cited AMA's Global Healthcare Claim Management Market Study explored substantial growth with CAGR of 20.3%. According the report, The rise of mHealth apps and wearables, the evolution of public and private insurance transactions, and the offering of websites offering price and quality transparency have all contributed to the conversion of active patients into empowered consumers
is one of the primary growth factors for the market. The Rise in Patient Volumes and the Expansion of the Health Insurance Market
is also expected to contribute significantly to the Healthcare Claim Management market. Overall, applications of Healthcare Claim Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Healthcare Claim Management market identified that the demand is rising in many different parts of the world as "Population Health Management and Risk Sharing Arrangements Have Been a Promising Way to Attract More Consumers
". Furthermore, some recent industry insights like "In ,February 2024, Rapid Claims has announced its official launch, backed by a substantial initial funding round. This innovative startup is set to transform the healthcare industry by leveraging artificial intelligence (AI) to streamline the complex medical coding and claim submission processes, which are critical factors contributing to the financial strain on healthcare providers." is constantly making the industry dynamic. One of the challenges that industry facing is "Organizations Risk Falling Short Of Modern Healthcare Demands If They Rely On Disparate Systems That Fail To Share Data Efficiently"
The Deployment Mode, such as Cloud-Based, is boosting the Healthcare Claim Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Components, such as Software, is boosting the Healthcare Claim Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Healthcare Claim Management market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Healthcare Claim Management market and other related sub-markets covered in the study.
o Key & emerging players in the Healthcare Claim Management market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Healthcare Claim Management market size is calculated using market estimation process, the Healthcare Claim Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Healthcare Claim Management market size has been validated using both top-down and bottom-up approaches.