MicroMarket Monitor
Key Players in the Asian Healthcare Administrative Systems Market are Aspect Software, Avaya Inc., Cerner Corporation, Infor, Oracle Corporation.
(PRWEB) November 09, 2014
The Asian Healthcare Administrative Systems Market report defines and segments the concerned market in Asia with analysis and forecast of revenue. This market was valued at $267.0 million in 2012 and is estimated to grow further at a CAGR of 6.0% from 2013 to 2018.
Browse through the TOC of the Asian 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
http://www.micromarketmonitor.com/market/asia-administrative-system-1818185329.html
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.
The Asian healthcare administrative systems market is growing at a fast rate. This is attributed to a number of favorable factors such as reduction in associated cost with installation of healthcare IT systems, increasing focus of major market players on emerging economies, and growing aging population leading to rise in incidence of diseases. This is stimulating the demand for administrative solutions to execute processes smoothly in this region. For instance, the Indian government annually spends approximately 5% of its GDP on the healthcare sector and has approved 100% FDI to set up hospitals in India since 2000. Healthcare organizations in the Asian region are actively moving towards advanced healthcare IT solutions to streamline the entire workflow system in large healthcare enterprises. Also, the penetration of general insurance and in turn healthcare insurance is increasing in the Asian region, which increases the demand for automated patient billing systems.
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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 Japan, China, and India. It has also been segmented and analyzed on the basis of end users.
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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.
http://www.micromarketmonitor.com/market/north-america-administrative-system-5039107098.html
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