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Healthcare EDI Market |
Healthcare electronic data interchange (EDI) facilitates the exchange of
healthcare data which is processed using computer software in a standardized
format. Healthcare industry processes a large number of documents such as
medical records of patients, healthcare claims, and reimbursement records.
Healthcare EDI helps in the exchange of this information among healthcare
institutions, healthcare professionals, and patients.
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The use of healthcare EDI increases accuracy, improves productivity, helps
in faster identification of errors, consumes less time, secures exchange of
information and leads to ease of work for the healthcare providers, healthcare
payers, and pharmacies.
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The key trend witnessed in the global healthcare EDI market is increasing
number of research and development activities. With the rising prevalence of
adoption of advanced technology in the healthcare market, the key players are
investing more on the research and development on healthcare EDI, for the
growth of the global healthcare EDI market. Additionally, increasing use of EDI
in healthcare manufacturing and distribution industry and growing focus on
integration platform as a service (IPAAS) are major trends observed in the
global healthcare EDI market. The increase in outsourcing of EDI services and
introduction of ICD-11 guidelines are creating ample opportunities for the
growth of the global healthcare EDI market.
MARKET SEGMENTATION
By Component
- Services
- solutions
By Delivery Mode
- Web &
Cloud-based EDI
- EDI VAN
- Point-to-Point
EDI
- Mobile EDI
By Transaction Type
- Claims
Management
- Claims
Submission
- Claim
Status
- Eligibility
Verification
- Payment
Remittance
- Referral
Certification & Authorization
- Claim
Payments
- Others
- Healthcare
Supply Chain
By End User
- Healthcare
Providers
- Healthcare
Payers
- Medical
Device & Pharmaceutical Industries
- Pharmacies
Geographically, North America was the largest market for healthcare EDI in
2016, followed by Europe and Asia-Pacific. Some of the major factors driving
the growth of the global healthcare EDI market in North America include,
presence of a large number of healthcare EDI companies and rising demand for
the innovative technological advancements in the healthcare market. Adoption of
EDI services for supply chain management in hospitals and increased government
efforts for improvement in reimbursement processes and healthcare coverage are
driving the growth of the European healthcare EDI market. Asia-Pacific is
expected to witness fastest growth during the period 2017 – 2023, due to the
increasing healthcare expenditure by government, rising focus on research and
development and technological investment.
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Some of the key players in the global healthcare EDI market are GE
Healthcare, Cognizant Technology Corporation, Cerner Corporation, Axway
Software SA, Dell Technologies Inc., Synnex Corporation, McKesson Corporation,
Allscripts Healthcare Solutions Inc., SSI Group, LLC, Comarch SA, Optum Inc.,
and Quality Systems Inc.
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