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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 noncore functions such as IT and human resources along with secondary core functions such as such as RD 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.
The report explains that global medical outsourcing market is segmented on the basis of services, endusers and geography. Based on services, medical outsourcing is classified into:
Communication and Marketing
Cost Avoidance Audit Payment Recovery
Finance and Account
Improved process tracking and reporting
Pricing maintenance and configuration
Contract Manufacturing Services
Data Management Services and Biostatistics
IT Organizational Management
Infrastructure Technology Outsourcing
Data integration tools
Quality, safety and compliance solutions
Medical outsourcing finds their applications into a variety of end used industries which include,
Each of these segments is further broken down to give an indepth 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:
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.
Original Article: Medical Outsourcing Market Analysis: By Services Payer, Provider, Pharmaceutical, Pathology, Information Technology; By End Users Hospitals, Pharma Laboratories, Clinics Forecast 20162021 [Updated: 01062016] Prices from USD $5250NEXT ARTICLE
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