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Healthcare EDI Market 2019 Research Methodology, Business Plans, Development Status, and Industry Size & Share Forecast to 2024

Healthcare EDI

The “Healthcare EDI Market” report 2019 delivers up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

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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.

    Top Key Players of Healthcare EDI Market Are:

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

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Healthcare EDI Market on the global and regional level.

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    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.

    Healthcare EDI market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Healthcare EDI market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    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 United States 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.

    Healthcare EDI Market Report contents include:

    – Analysis of the Healthcare EDI market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Healthcare EDI including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Healthcare EDI Market Report Are:

    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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