Key Players in the European Healthcare Administrative Systems Market are Aspect Software, Avaya Inc., Cerner Corporation, Infor, Oracle Corporation.
(PRWEB) November 07, 2014
The European Healthcare Administrative Systems Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market was valued at $502.0 million in 2012 and is estimated to grow further at a CAGR of 5.1% from 2013 to 2018.
Browse through the TOC of the European Healthcare Administrative Systems Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures
A healthcare administrative system helps healthcare payers like hospitals to automate day-to-day activities such as patient billing, payroll and personnel management, ledger maintenance, and so on. Healthcare administration systems facilitate lesser labor-intensive processes with reduced efforts. Use of administrative IT systems leads to better efficiency and allows for focus on core business processes.
Rise in the number and type of initiatives by the European Commission such as the eGovernment Action Plan 2011 – 2015 to support and complement Information and Communication Technologies (ICT) including eHealth, and allocation of 5% of the health budget to implement healthcare IT solutions will accelerate the growth of healthcare administrative systems market in the region.
Europe has been successful in implementing healthcare payer IT solutions such administrative systems to meet the needs of stakeholders in European regions. Furthermore, due to increasing aging population the number of younger tax payers declined, which led to less financial support by governments. This provided private healthcare payer IT firms, and consequently the administrative systems market an opportunity to grow in the European region.
Speak to Analyst @
The healthcare administrative systems market has been segmented and forecasted into three different segments, namely patient billing, payroll and personnel management, and general ledger. On the basis of components the market is segmented into hardware, software, and services, while by deployments the market comprises on-premise, cloud-based, and web-based administrative systems. The market is further segmented and forecasted on the basis of major countries such as Germany, France, Italy, the U.K., and Spain. It has also been segmented and analyzed on the basis of end users.
Early buyers will receive 10% customization on this report.
This report also includes market shares, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market.
Related Reports :
North American Healthcare Administrative System Market
Healthcare Administrative system helps the payer to automate day-to-day activities such as payroll and reduce the efforts and the labor involved in this processes. Use of IT in administrative function leads to better efficiency and focus on the core business processes. Administrative system has the highest growth rate among other HCIT Payer system markets, as billing system avoids cumbersome or inaccurate billing, which leads to customer dissatisfaction, increasing customer attrition, and in turn leading to loss of business.
North America accounts for the largest share of the healthcare administrative systems market globally in 2013. The market value was pegged at $1255 million in 2012 and is expected to grow at a CAGR of 6.0% from 2013 to 2018.
The healthcare payers IT infrastructure currently is constrained be aged and inflexible systems, which is a limiting factor affecting their capabilities to capitalize on new markets, respond to competition and legislation, and improve operational efficiency. This has enticed healthcare payers to consider replacement of the existing systems with the new ones, which in turn is driving the market.
About MicroMarket Monitor :
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Fort Worth, TX 76112
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.