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Emerging Trends in Healthcare Provider Network Management Market

The global healthcare provider network management market is poised to reach USD 2.96 Billion by 2020, growing at a CAGR of 10.7% during the forecast period of 2015 to 2020. The growth of the overall market can be contributed to implementation of stringent federal mandates in the U.S., growing focus on improving quality of care through the effective use of payer reporting requirements. In the coming years, the global market is expected to witness the highest growth rate in North America region with emphasis on the U.S. North America is also expected to account for the largest share of the global healthcare provider network management market. The high growth in the North America can be attributed to the increase in health insurance coverage triggered by the Patient Protection and Affordable Act (PPACA) in the U.S., the rising need to curtail escalating healthcare costs in the U.S. and Canada, and the government focus on healthcare IT solutions in Canada.

The report segments the global healthcare provider network management market based on component. The global market comprises of services and platforms/software. The services segment is expected to account for the largest share of the global market in 2015. This is attributed to services help build a stronger provider network, reduce the overall costs, improve operational efficiencies, and achieve regulatory compliance.
The services segment is further segmented into outsourcing services and internal services based on the nature of the services. The internal services segment is expected to account for the largest share of provider network management services market, by sub-component. This can be attributed to the fact that internal services help ensure profitability, better provider network management, long-term provider relationships, and regulatory compliance. These advantages are driving the growth of this market segment over outsourcing services.
Some of the key players in the global healthcare provider network management market include Aldera, Inc. (U.S.), Ayasdi, Inc. (U.S.), Genpact Limited (U.S.), Infosys BPO, Ltd. (India), McKesson Corporation (U.S.), Mphasis Limited (India), Optum, Inc. (U.S.), Syntel, Inc. (U.S.), TriZetto Corporation (A cognizant company) (U.S.), and Vestica Healthcare, LLC (A Skygen USA company) (U.S.).
Target Audience of the Healthcare Provider Network Management Market
Healthcare Payers
Healthcare IT Solution Providers
Healthcare IT Vendors
Healthcare IT Services Providers
Academic Research Institutes
Government Institutes
Market Research and Consulting Firms
Venture Capitalists and Investors

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