Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

MicroMarket Monitor: Healthcare Payer IT Market Worth $16238.44 Million by 2018
  • USA - English


News provided by

MicroMarket Monitor

Jun 09, 2014, 12:25 ET

Share this article

Share toX

Share this article

Share toX

MicroMarket Monitor
MicroMarket Monitor

(PRWEB) June 09, 2014 -- Payer healthcare IT refers to those who reimburses or finances the health services cost. The global payer healthcare IT was estimated to grow at a CAGR of 5.4% from 2013 to 2018, to reach $16238.44 million by 2018, from $12483.64 million in 2013. The payer healthcare IT market is segmented into workflow systems and administrative systems. Workflow systems are categorized into pharmacy analysis and audit, claim management, customer relationship management, and fraud detection. The administrative systems are categorized into billing, payroll, and general ledger system. In developed and developing countries, patients have been using health insurance systems (single payer system and multiplayer system) to access affordable care. The major change that has been brought about by the payer IT industry are the shorter planning cycles and better adaptability of new technologies in the healthcare IT solutions market. The global major players in the Payer IT market include Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), and Avaya (U.S.).

Browse through the market data tables, figures and detailed ToC on the “Healthcare Payer IT Market.”

http://www.micromarketmonitor.com/market-report/healthcare-payer-it-reports-7546361712.html

Related Reports

North American Healthcare Payer IT Market
The North American payer healthcare IT market in 2013 was valued $7355.48 million and is projected to be $9722.93 million by 2018, expected to grow at a CAGR of 5.7% from 2013 to 2018. North America occupied a share of 58.9% in the global Payer healthcare IT market, thus holding the largest share in the global payer IT market. In the U.S., estimates showed the existence of around 1,500 healthcare insurance companies, and the overall North American region is expected to grow more in numbers, owing to the need of healthcare IT advancement, which will change the functioning of the payer IT market. In this region, the payers spend 30% of their income in administrative cost due to manual process. Healthcare payers are under tremendous pressure for customization of services, which is the main reason for implementation of payer IT systems in the U.S. and Canada. Consequently, to remain in the competitive market, payer healthcare IT is expected to improve its operational performance by bringing new payer IT solutions. However, the U.S. Medicare is hampering the private plans as customers shift to government healthcare plans ultimately, thus reducing the opportunity for private healthcare payer plans. The major players dominating the North American Payer IT market include Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), and Avaya (U.S.).

http://www.micromarketmonitor.com/market/north-america-healthcare-payer-it-5736955120.html

European Healthcare Payer IT Market
The European payer healthcare IT market was valued at $2908.69 million in 2013 and is projected to be $3686.13 million by 2018, expected to grow at a CAGR of 4.9% from 2013 to 2018. Europe is the second largest market in the global payer healthcare IT market, with a share of 23.3%. The growth of this segment in Europe is mainly due to the growing pressure on healthcare payers to cut cost and reduce time lags. The European market is emerging gradually, after the Eurozone debt crisis in 2008. Even after the financial crisis, Europe has been successful in implementing the payer IT solutions to meet the needs of the stakeholders in this region. The countries in this region are improving their purchasing power; also the market has succeeded in attracting foreign players to the European payer IT market. Moreover, due to the aging population, the number of younger tax payers declined, which led to less financial support by government. This provided the private healthcare Payer IT firms an opportunity to flourish in the European region. Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), and Avaya (U.S.) are the prominent players in the European payer IT market.

http://www.micromarketmonitor.com/market/europe-healthcare-payer-it-5725724312.html

Asian Healthcare Payer IT Market
The Asian payer healthcare IT market was valued at $1560.96 million in 2013 and is projected to reach 2065.85 million by 2018, expected to grow at a CAGR of 5.8% from 2013 to 2018. The Asian payer healthcare IT market is the fastest growing market, as compared to the other regions, and has achieved a share of 12.5% in the global market, owing to the penetration of healthcare insurance in Asian regions, such as India and China. Major drivers for the implementation of the payer IT system in healthcare are consumer demand for efficiency and improved quality, government initiatives, and pressure to reduce growing healthcare costs. Healthcare organizations in Asia-Pacific are actively moving towards advanced payer IT solutions to streamline the entire workflow system in large healthcare enterprises. Therefore, Asian players are emerging with new healthcare insurance policies. Medical tourism is also one of the factors contributing to the growth of the payer healthcare IT market in the Asian region. All these aspects are expected to bolster the payer healthcare IT market in Asia. Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), and Avaya (U.S.) are the key players in the Asian region.

http://www.micromarketmonitor.com/market/asia-healthcare-payer-it-6344144854.html

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.

Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth
TX 76112
Tel: +1-888-502-0539
Email: sales(at)micromarketmonitor(dot)com
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor

Mr. Chandrasekhar K., MicroMarket Monitor, http://www.micromarketmonitor.com/, +91 9881155004, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.