How much do you know about health care services? Companies that are in the health care payer services market are adopting growth strategies such as partnerships, geographic expansions, joint ventures, acquisitions and new product launches to set up a strong foothold within the market. This is to streamline their business processes and deliver better services to their customers. The process of outsourcing had emerged as the most successful business model that can mitigate the burden of procurement, administration, logistics and tasks, accounting and the most cost-effective business processes. The healthcare payer services market through outsourcing had a beam forecasted to reach USD 21.1 billion by 2020 with a compound annual growth rate of 12.2% during the forecast period. Since outsourcing services had emerged as a cost-effective way for healthcare payers, the growing trend is favorable for global healthcare payer services market. Source: hexaware.com
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October 2017
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