Key Players in the European payer billing market are Aspect Software, Avaya Inc., Cerner Corporation, Infor, and Oracle Corporation
(PRWEB) November 18, 2014
The European payer billing market report defines and segments the concerned market in Europe with analysis and forecast of revenue. The payer billing market in Europe is expected to reach $304 million by 2018 and is estimated to grow at a CAGR of 5.4% from 2013 to 2018.
Browse through the TOC of the European payer billing market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of this market globally, and is supported by various tables and figures.
Bill generation and maintenance form a huge part of the administrative process. The billing systems provided by IT companies are solutions that facilitate the billing process for payers, consequently replacing manual billing procedures. The application consolidates bills across distinct products and claim processing systems and provides a central view of the customers. The application has built-in business process management tools that improves precision billing, tracks the billing procedure, reduces cost by streamlining settlements, provides flexible payment options, and automates payroll deductions.
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An advanced billing system with electronic bill presentation and payment (EBPP) capability leads to a reduction in day sales outstanding and increases float and cash in hand. The billing system also reduces the errors and time involved in the process, resulting into satisfied customers.
The European market is slowly emerging from the Euro zone debt, 2009. Rise in the 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 payer billing market.
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European payer billing market is segmented on the basis of type, deployment, component and end-user. The payer billing market, by type is segmented into integrated and standalone. The market by deployment is further categorized as on-premises, web-premises, and cloud-premises, while market by component comprises hardware, software, and services. The market by end-users is further categorized as office based physicians, hospital, emergency healthcare service provider, nurses, and other end-users. On the basis of geography, the report analyzes major countries, such as the U.K., Germany, France, Spain, and Italy.
This report also includes the market share, 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 the key players in the market, including major companies of the market.
Related Reports :
North American Healthcare Administrative System Market
A healthcare administrative system helps the healthcare payer such as physician to automate day-to-day activities such as payroll
and reduce the efforts and the labor involved in these processes. Use of IT in administrative functions enables efficiency and focus on core business processes. Administrative systems have the highest growth rate among other healthcare IT (HCIT) payer system markets, as its integrated billing system avoids cumbersome or inaccurate billing, which can lead to customer dissatisfaction, increasing customer attrition, and in turn loss of business.
In 2013, North America accounted for the largest share in the global healthcare administrative systems market. The market was valued at $1,255.0 million in 2012 and is expected to grow at a CAGR of 6.0% from 2013 to 2018.
The IT infrastructure of healthcare payers is currently constrained by 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 existing systems with new ones, which in turn is driving the market.
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