The latest research study “United States Healthcare BPO Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Size of the healthcare BPO market in the United States is expected to show a CAGR of 8.09% over the period 2022-2027.
Healthcare Business Process Outsourcing (BPO) is a commercial outsourcing process in support of healthcare professionals, institutions and organizations. It includes medical billing services, coding, transcription and claims processing to help healthcare providers focus on core business functions and treat patients more efficiently. It also helps collect patient tests and lab reports, insurance details, drug inventories, prescriptions, and bill payment records while reducing the operational costs of hiring and training the in-house team. Currently, the demand for healthcare BPO is increasing in the United States due to the increasing mass acceptance of healthcare insurance services.
Effects of Covid-19:
We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
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United States Healthcare BPO Market Trends and Drivers:
The market is primarily driven by the increasing adoption of BPO in healthcare in the United States to provide valuable patient care and minimize the overall cost of patient revisits and retreatments.
In addition, the sudden outbreak of the coronavirus disease (COVID-19) has escalated the demand for BPO services in the healthcare sector, which is another growth-enhancing factor. Additionally, professionals are adopting healthcare BPO services to increase access to skilled healthcare professionals, thereby accelerating market growth.
In addition, the market is further driven by…