North American Healthcare Workflow Systems Market is expected to reach $ 7,078 Million in 2018.


Posted January 13, 2015 by tonypandrew

The North American market is expected to grow more in numbers owing to the need of healthcare IT advancement which will change the way healthcare workflow systems function.

 
The North American healthcare workflow systems market report defines and segments the concerned market in North America with analysis and forecast of revenue. The market was valued $5,031.0 million in 2012 and is estimated to grow further at a CAGR of 5.9% from 2013 to 2018.
Browse through the TOC of the North American Healthcare workflow systems market to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market in the same region, and is supported by various tables and figures.

http://www.micromarketmonitor.com/market/north-america-workflow-solutions-4053819598.html

The North American market is expected to grow more in numbers owing to the need of healthcare IT advancement which will change the way healthcare workflow systems function. In North America, the payers spend 30% of their income in administrative cost due to manual process. Healthcare payers are demanding for the customization of services which is the main reason for implementation of healthcare workflow systems in the U.S. and Canada. The healthcare workflow systems assist in reducing the errors which drives the market growth. Moreover, it helps the payer to reduce the efforts for the repeated tasks and thus, streamline the process. Further, it reduces the paper related work to minimal, preventing loss of important documents through physical damage, in instances such as fire and natural disasters.
However, the U.S. Medicare is hampering the private plans as customers shift to government healthcare plans ultimately reducing the opportunity for private healthcare payer plans. In 2013, about 92% of the North American healthcare workflow systems market was dominated by the U.S. The demand for healthcare workflow solutions is expected to increase in future due to rise in favorable government initiatives, curb increasing costs out of processing errors, and high rate of return on investment. The American Medical Association’s 2010 National Health Insurer Report Card estimated that one in five medical claims are processed inaccurately. These processing errors cost the healthcare industry, an estimated of $15.5 billion every year.
This market is segmented and forecast on the basis of four different sub-markets; Customer Relationship Management (HCIT), Fraud Detection, Payer Claim Management, and Pharmacy Audit and Analysis. On the basis of Components, the market is segmented into Hardware, Software and Services, while the Deployments are On-premise, Cloud-based, and Web-based. The market is further segmented and forecast on the basis of major countries, such as the U.S., Canada, and Mexico. The market is also segmented and analyzed further on the basis of the various end-users
This report includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities. In addition, it presents a competitive landscape and company profiles of the key players in the market.

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Issued By Micromarket Monitor
Country United States
Categories Technology
Tags north american healthcare workflow systems market
Last Updated January 13, 2015