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Global Healthcare BPO Market (2021 to 2026) - Growing Adoption of AI-based Tools for Drug Discovery Presents Opportunities

DUBLIN, July 26, 2021 /PRNewswire/ -- The "Global Healthcare BPO Market by Outsourcing Models, Provider (Patient Care, RCM), Payer (Claims Management, Billing & Accounts), Life Science (R&D, Manufacturing, Sales & Marketing (Analytics, Research)), & Region (Source, Destination) - Forecasts to 2026" report has been added to ResearchAndMarkets.com's offering.
Global Healthcare BPO Market (2021 to 2026) - Growing Adoption of AI-based Tools for Drug Discovery Presents Opportunities
The global healthcare BPO market is projected to reach USD 468.5 billion by 2026 from USD 296.4 billion in 2021, at a CAGR of 9.6% during the forecast period. Healthcare BPO is a practice in which healthcare organizations outsource their business operations to third-party organizations. The aim of healthcare business process outsourcing services is to reduce administration costs for healthcare providers and enhance patient satisfaction.The healthcare BPO sector handles a variety of activities ranging from data entry to medical claims processing services. The major factors driving the growth of this market include the need to curtail the escalating healthcare costs, rising demand for niche services, growing outsourcing in the life science industries, and lack of in-house expertise in the end-use industries.On the other hand, hidden costs associated with outsourcing services and concerns related to losing visibility and control over the business process are expected to hamper the market growth to a certain extent in the coming years.Claims management services to hold the largest share of the payer services market
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