Some of the major factors expected to boost the demand for the Healthcare EDI Market is the growing number of regulations for transaction processes, the growing need to effectively handle electronic claims and reimbursement transactions.
JERSEY CITY, N.J., Jan. 20, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Healthcare EDI Market" By Transaction Type (Claim Management, Claim Payment, Claim Status), By End Use (Healthcare Payers, Pharmaceutical Industries, Healthcare Providers), By Deliver Mode (Mobile-based EDI, Cloud-based EDI, Point to point EDI), and By Geography. According to Verified Market Research, the Global Healthcare EDI Market size was valued at USD 2.91 Billion in 2020 and is projected to reach USD 5.23 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=2004
Browse in-depth TOC on "Healthcare EDI Market"
202 - Pages
126 – Tables
37 – Figures
Global Healthcare EDI Market Overview
Like most other industries, the healthcare industry has undergone dramatic changes, especially in data processing, becoming more digitized. In the healthcare industry, huge amounts of highly sensitive data such as patient medical records, health insurance reimbursements, and health insurance claims are being exchanged between providers and payers. Nowadays, data sharing has shifted from manual to digital processes as a result of the regulations introduced by the Healthcare Insurance Portability and Accountability Act (HIPAA) and the Patient Protection and Affordable Care Act (ACA). Prior to HIPAA, data management was manual and mostly paper-based, making it difficult to protect and protect sensitive information. Today, information is exchanged electronically between trading partners via Electronic Data Interchange (EDI). This is a structured mechanism that helps reduce human intervention and improve the process.
Growing cases of chronic diseases is one of the major factors driving factors of the Global Healthcare EDI Market, as it generates significant amounts of data for the institution, which in turn generates demand for the use of the healthcare EDI system. In addition, a surge in the number of end-users such as payers, providers, pharmaceutical, and medical device industries, and others is expected to boost demand for EDI services. COVID19 has caused a global disruption in the healthcare industry, as a greater number of patients are accessing healthcare facilities or hospitals on a daily basis.
Healthcare facilities, such as hospitals and aged caregiving centers are unprecedented facing challenges. The patient data has increased globally as a result of the COVID 19 epidemic. Increasing demand for virtual care has resulted in an increased demand for telehealth solutions. There is an increase in medical billing, urgent care, and a growing need for operational efficiency. These factors have boosted demand for Healthcare EDI during the pandemic.
May 2021 – Complete HealthCare Solutions, Inc., a market leader in health IT solutions and management, has announced the acquisition of Selent and Associates, Inc.'s healthcare division, Computerized Business Systems and medicalbillingsoftware.com (DBA), a leading Medisoft/EDI healthcare software and support company based in Punta Gorda, Florida.
March 2021 – HiPaaS Inc., a healthcare technology company that provides AI-powered Healthcare Electronic Data Interchange (EDI) and CMS Fast Healthcare Interoperability Resources (FHIR) Interoperability products, has announced an OEM agreement with Neo4j®, the leader in graph technology, to use its graph database capabilities to help accelerate HiPaaS Electronic Data Interchange (EDI) and Interoperability implementations.
The major players in the market are Cognizant, Experian Information Solution, ZirMedInc and LLC., McKesson Corporation, and the SSI Group.
Verified Market Research has segmented the Global Healthcare EDI Market On the basis of Transaction Type, End Use, Deliver Mode, and Geography.
Healthcare EDI Market, By Transaction Type
Healthcare EDI Market, By End Use
Healthcare EDI Market, By Deliver Mode
Healthcare EDI Market by Geography
Browse Related Reports:
Medical Electronics Market By Medical Device (MRI System, X-ray System, PET Scan System), By Application (Therapy Devices, Ventilator, Dialysis Machine, ECMO, Monitoring Devices), By Geography, Forecast, 2021-2028
E-Clinical Solutions Market By Type (Clinical Data Management System, Randomization and Trial Supply Management, Electronic Clinical Outcome Assessment), By Delivery Mode (Web-Based and Cloud-Based, Enterprise-Based), By Geography, Forecast, 2021-2028
Blockchain In Insurance Market By Provider (Application and Solution, Middleware Provider Infrastructure), By Application (GRC Management, Death and Claims Management, Payments), By Geography, Forecast, 2021-2028
Healthcare Cognitive Computing Market By Technology (Natural Language Processing, Machine Learning, Automated Reasoning), By End-Use (Hospitals, Pharmaceuticals, Medical Devices, Insurance), By Geography, Forecast, 2021-2028
Top Insurance Claims Management Software: Good brands that care for you
Visualize Healthcare EDI Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Follow Us: LinkedIn | Twitter
SOURCE Verified Market Research