Executive Summary
Medical outsourcing is the consignment of core services or procedures of the organization to a provider that emphases in that area of service or operation. It includes transactional services, customer care, communication and marketing, cost avoidance, audit, payment recovery, billing, transcriptions, SCM & Logistics, resource management and others. Growing number of hospitals, clinics, research institutes, pharmaceutical/clinical laboratories along with significant growth in pharmaceutical industry are driving the medical outsourcing market.
The developing need of medical outsourcing is mainly because of the promptly growing cost of medical services and the cost of government medical programs has moved to medical sources which ultimately lead to medical providers receiving less advantage for their amenities and they are facing more encumbrances from patients to continue to deliver superior care. In response to this, medical service providers are looking for outsourcing way out to combat these rising expenses.
Pharmaceutical industry has been outsourcing non-core functions such as IT and human resources along with secondary core functions such as such as R&D and manufacturing. It is anticipated to dominate the global medical outsourcing market by services and is estimated to control around 65% of the total medical outsourcing market revenue by services in 2021. However, payer is estimated to attain the fastest growth rate during the forecast period.
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The report explains that global medical outsourcing market is segmented on the basis of services, end-users and geography. Based on services, medical outsourcing is classified into:
- Payer
- Transactional Services
- Customer Care
- Communication and Marketing
- Cost Avoidance Audit & Payment Recovery
- Provider
- Medical Billing
- Medical Coding
- Medical Transcriptions
- Finance and Account
- Improved process tracking and reporting
- Pricing maintenance and configuration
- Pharmaceutical
- CRO Market
- Contract Manufacturing Services
- Data Management Services and Biostatistics
- Non-Clinical Services
- Information Technology
- IT Organizational Management
- Infrastructure Technology Outsourcing
- Data integration tools
- Quality, safety and compliance solutions
- Pathology
- Transcription services
- Testing protocols
- Resource management
Medical outsourcing finds their applications into a variety of end used industries which include,
- Pharma OEMs
- Pharma Labs
- Insurance Companies
- Hospitals
- Clinics
- R&D Labs
Each of these segments is further broken down to give an in-depth analysis of the market. The medical outsourcing market report analyses the medical outsourcing in various applications and covers the market demand with respect to regions.
As far as the geographical region are concerned, Americas, due to its expanding high end technology and rapidly growing industrial and commercial activities is estimated to experience the highest growth in the medical outsourcing market between 2016 and 2021. The Key Players profiled in this report include like:
- Accenture
- TCS
- Cognizant
- Dell
- Wipro
- McKesson Corp.
- CGI Federal
- Optum
The report analyses the medical outsourcing market demand with respect to various regions. Competitive landscape for top five medical outsourcing markets is highlighted and market players are profiled and are analysed on disparate aspects like company overview, financial overview, product portfolio and recent developments.
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Table of Content:
- Medical Outsourcing- Market Overview
- Executive Summary
- Medical Outsourcing – Market Landscape
- Medical Outsourcing – Market Forces
- Medical Outsourcing – Strategic Analysis
- Medical Outsourcing Market- By Services
- Medical Outsourcing Market, By End Users
- Medical Outsourcing Market -Geographic Analysis
- Market Entropy
- Company Profiles
- Accenture
- Medusind
- GeBBS
- Genpact
- Inventive
- Cognizant Technology Solutions Corporation
- Lonza
- Catalent
- Boehringer Ingelheim
- DSM Pharma
- Quintiles
- Charles Rivers Laboratories
- Newmark Grubb Knight Frank
- Igate Patni
- Inventive Health Inc.
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
“*Financials would be provided on a best efforts basis for private companies”
- Appendix
Continued…
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