Dublin, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The "Medical Claims Processing Services in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Demographic and economic factors are the driving forces behind the rising number of medical claims submitted annually. An aging population's expanding medical needs are increasing the cost and complexity of claims while rising incomes and broader insurance coverage facilitate more visits to healthcare providers.
Medical claims processing companies had to adapt quickly to the changes brought on by the COVID-19 pandemic. Swift regulatory changes created challenges for claims processing. Yet, other pandemic effects, like labor shortages, have benefited companies as healthcare providers outsource to alleviate burdens on their workforce.
Steadying patient volumes, recession concerns and inflation pressures lowered healthcare expenditure in 2023, reducing the volume of claims. In all, industry-wide revenue has been growing at a CAGR of 2.1% over the past five years - totaling an estimated $4.9 billion in 2023 - when revenue will drop an expected 0.5%.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
- HMS Holdings Corp.
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/upv5xg
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