Healthcare EDI Market Revenue, Future Opportunities and Booming Growth | Optum, Dell Technologies, General Electric

Healthcare EDI market

SEATTLE, UNITED STATES, USA, November 18, 2022 / — 📝New Research Study “”Analysis of Healthcare EDI Market 2022 by Market Trends (Drivers, Restraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share and Prospects”” has been added to Coherent Market Insight

Electronic Data Interchange (EDI) is the software used to transfer data between various healthcare providers and payers through computer systems. The user can process and track complaints throughout the billing cycle via the EDI service. These software can reduce the cost of healthcare and also replace the paper transaction with a standard electronic transaction.

The Healthcare EDI Market report provides detailed analysis of global market size, regional and country level market size, segmentation market growth, market share, competitive landscape, analysis of sales, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches , regional market expansion and technological innovations.

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⏩ Main key players in this market:

◘ Optum Inc.,
◘ Dell Technologies Inc.,
◘ General Electricity Company,
◘ Emdeon Inc.,
◘ The SSI Group, LLC,
◘ ZirMed, Inc.,
◘ Tallan, Inc.,
◘ Quadax,
◘ Allscripts Healthcare Solutions Inc.

⏩ Drivers and trends:

The growing trend towards digitalization is a prime driver for the growth of the healthcare EDI market. The increasing adoption of EDI facilities to improve financial performance and increase profitability of healthcare providers and payers is again driving the growth of the market.

The continuous launch of new products by key players is also expected to augment the market growth. For example, in February 2021, EdiFabric, the developer of cross-platform B2B file translation and validation, healthcare, and electronic data interchange (EDI) software, today announced the official release of EdiFabric 10.1 which adds support for international health standards HL7 and NCPDP.

Covid-19 impact analysis

Due to the COVID-19 outbreak, the number of patient data has increased globally due to the increase in the number of patients visiting healthcare facilities daily. Due to shutdowns and social distancing restrictions, many healthcare facilities have adopted healthcare EDI solutions that facilitate the exchange of patient data between healthcare providers and payers. Thus, the healthcare EDI market experienced strong growth during the Covid-19 pandemic.

⏩ Healthcare EDI Market Segmentation:

Based on component:

◘ Benefits
◘ Solutions

Based on delivery method:

◘ Web and Cloud based EDI
◘ Point-to-point EDI
◘ Mobile IDE

Based on transaction type:

◘ Claims management
◘ Submission of claims
◘ Complaint Status
◘ Eligibility check
◘ Payment discount
◘ Certification and recommendation authorization
◘ Claim Payments
◘ Others
◘ Healthcare supply chain

⏩ Regional outlook:

The market is analyzed based on its global presence in countries such as North America (United States, Canada and rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC) and Rest of the World for a better understanding of market adoption of EDI for healthcare health. Due to increasing healthcare EDI spending, Asia-Pacific will lead the healthcare EDI market. Additionally, favorable government policies in Japan and Korea that encourage the expansion and development of IT sectors are driving the industry forward.

⏩ Research method:

The market research team examined the global healthcare EDI market demand using Porter’s Five Force model for the period 2022-2028. A comprehensive SWOT analysis is also performed to help the reader draw more informed conclusions on the demand for the global Healthcare EDI Market. We collected data from primary and secondary sources. Additionally, data analysts have used publicly available tools such as annual reports, SEC filings, and white papers to perform a comprehensive review of the market. The analysis approach reflects the purpose of evaluating it against a variety of indicators to provide a comprehensive view of the market.

⏩ The report includes:

• An up-to-date detailed analysis of global healthcare EDI markets.

• Global market trend analyses, including data from 2022 and 2021, forecast to 2022 and 2024, and compound annual growth rates (CAGR) to 2028.

• The global healthcare EDI market size is estimated and forecasted, with market share analysis by healthcare EDI type, component, application, end-user industry and geography.

• Highlights of industry market potential for healthcare EDI, emerging applications, technological advancements and strategic innovations

• Consequences of COVID-19 on market advancement and assessment of feasible technology drivers through a comprehensive review of numerous specialized healthcare EDI applications for new and existing subparts.

• Recent industry structure, current competitive landscape, R&D activities, significant growth initiatives, and sales-based business value share analysis by segment are all included.

• Review of granted patents for healthcare EDI and assessment of new developments within the industry, as well as new advances in the sector.

• Company profiles of key global players are Optum Inc., Dell Technologies Inc., General Electric Company, Emdeon Inc., The SSI Group, LLC, ZirMed, Inc., Tallan, Inc., Quadax and Allscripts Healthcare Solutions Inc.

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⏩ Table of contents with major points:

1. Summary
1.1. Market overview
1.2. Global and Segmental Market Estimates and Forecasts, 2022-2028 (USD Billion)
1.2.1. Healthcare EDI Market, by Region, 2022-2028 (USD Billion)
1.2.2. Healthcare EDI Market, by Type, 2022-2028 (USD Billion)
1.2.3. Healthcare EDI Market, by Application, 2022-2028 (USD Billion)
1.2.4. Healthcare EDI Market, by Verticles, 2022-2028 (USD Billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis

2. Definition and Scope of the Global Healthcare EDI Market
2.1. Goal of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years Considered for Study
2.4. Currency conversion rate

3. Global Healthcare EDI Market Dynamics
3.1. Healthcare EDI Market Impact Analysis (2022-2028)
3.1.1. Market factors
3.1.2. Market challenges
3.1.3. Market opportunities

4. Industry Analysis of Global Healthcare EDI Market
4.1. Porter’s 5-force model
4.1.1. Bargaining power of suppliers
4.1.2. The bargaining power of buyers
4.1.3. The threat of new entrants
4.1.4. The threat of substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic approach to Porter’s 5 forces model (2022-2028)
4.2. PEST analysis
4.2.1. Policy
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst recommendation and conclusion

5. Global Healthcare EDI Market, By Type
5.1. Market overview
5.2. Global Healthcare EDI Market by Type, Performance – Potential Analysis
5.3. Global Healthcare EDI Market estimates and forecast by type 2022-2028 (USD Billion)
5.4. Healthcare EDI Market, Sub-Segment Analysis

6. Global Healthcare EDI Market, By Application
6.1. Market overview
6.2. Global Healthcare EDI Market by Application, Performance – Potential Analysis
6.3. Global Healthcare EDI Market estimates and forecasts by application 2022-2028 (USD Billion)
6.4. Healthcare EDI Market, Sub-Segment Analysis
6.4.1. Others

7. Global Healthcare EDI Market, By Verticles
7.1. Market overview
7.2. Global Healthcare EDI Market by Verticles, Performance – Potential Analysis
7.3. Global Healthcare EDI Market Estimates and Forecasts by Verticles 2022-2028 (USD Billion)
7.4. Healthcare EDI Market, Sub-Segment Analysis

8. Global Healthcare EDI Market, Regional Analysis
8.1. Healthcare EDI Market, Regional Market Overview
8.2. North America Healthcare EDI Market
8.3. Overview of the European Healthcare EDI Market
8.4. Asia-Pacific Healthcare EDI Market Overview
8.5. Latin America Healthcare EDI Market Overview
8.6. Rest of the Global Healthcare EDI Market

9. Competitive intelligence
9.1. Main market strategies
9.2. Company Profiles
9.2.1. Keyplayer1 InDuration Key Insight Financial (subject to data availability) product details RECENT DEVELOPMENTS

10. Research Process
10.1. Research process
10.1.1. Data mining
10.1.2. Analysis
10.1.3. Market estimate
10.1.4. Validation
10.1.5. Editing
10.2. Search attributes

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