North american healthcare workflow systems market is expected to reach $ 7,078 million in 2018

Download North american healthcare workflow systems market is expected to reach $ 7,078 million in 2018

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The North American market is expected to grow more in numbers owing to the need of healthcare IT advancement which will change the way healthcare workflow systems function.

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  • Email: sales@micromarketmonitor.com Tel: +1-888-502-0539

    North American Healthcare Workflow Systems Market is expected

    to reach $ 7,078 Million in 2018.

    The North American healthcare workflow systems market report defines

    and segments the concerned market in North America with analysis and

    forecast of revenue. The market was valued $5,031.0 million in 2012 and is estimated to grow further at a CAGR of 5.9% from 2013 to 2018.

    Browse through the TOC of the North American Healthcare workflow

    systems market to get an idea of the in-depth analysis provided. This

    also provides a glimpse of the segmentation of the market in the same region, and is supported by various tables and figures.

    http://www.micromarketmonitor.com/market/north-america-

    workflow-solutions-4053819598.html

    The North American market is expected to grow more in numbers owing

    to the need of healthcare IT advancement which will change the way healthcare workflow systems function. In North America, the payers

    spend 30% of their income in administrative cost due to manual process.

    Healthcare payers are demanding for the customization of services which is the main reason for implementation of healthcare workflow

    systems in the U.S. and Canada. The healthcare workflow systems assist

    in reducing the errors which drives the market growth. Moreover, it helps the payer to reduce the efforts for the repeated tasks and thus,

    streamline the process. Further, it reduces the paper related work to

    minimal, preventing loss of important documents through physical damage, in instances such as fire and natural disasters.

  • Email: sales@micromarketmonitor.com Tel: +1-888-502-0539

    However, the U.S. Medicare is hampering the private plans as customers shift to government healthcare plans ultimately reducing the opportunity

    for private healthcare payer plans. In 2013, about 92% of the North

    American healthcare workflow systems market was dominated by the U.S. The demand for healthcare workflow solutions is expected to

    increase in future due to rise in favorable government initiatives, curb

    increasing costs out of processing errors, and high rate of return on investment. The American Medical Associations 2010 National Health Insurer Report Card estimated that one in five medical claims are

    processed inaccurately. These processing errors cost the healthcare industry, an estimated of $15.5 billion every year.

    This market is segmented and forecast on the basis of four different sub-

    markets; Customer Relationship Management (HCIT), Fraud Detection,

    Payer Claim Management, and Pharmacy Audit and Analysis. On the basis of Components, the market is segmented into Hardware, Software

    and Services, while the Deployments are On-premise, Cloud-based, and

    Web-based. The market is further segmented and forecast on the basis of major countries, such as the U.S., Canada, and Mexico. The market is

    also segmented and analyzed further on the basis of the various end-

    users

    This report includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities. In

    addition, it presents a competitive landscape and company profiles of the

    key players in the market.

  • Email: sales@micromarketmonitor.com Tel: +1-888-502-0539

    About MicroMarket Monitor

    MicroMarket Monitor identifies and attends to various unmet needs of

    different industrial verticals, which include value chain impact analysis. The

    company publishes about 12000 Market Research Reports on various Micro

    Markets across the world. The graphical nature and multidimensional

    analysis of these reports provide advanced Business Intelligence Tools to the

    clients in that particular target market.

    Contact:

    Mr. Chandrasekhar K.

    5601 Bridge Street

    Suite 300

    Fort Worth

    TX 76112

    Tel: +1-888-502-0539

    Email: sales@micromarketmonitor.com

    Connect with us on LinkedIn @

    http://www.linkedin.com/company/micromarketmonitor.

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