Industry Analysis & Industry Trends
Staking a claim
The industry will experience steady growth over the next five years, as the growing senior population creates demand via Medicare. Furthermore, the number of insured people will rise in line with healthcare reform, as people with pre-existing conditions are able to receive insurance. To combat any potential fluctuations in the market, the industry will likely diversify its service offerings during the five years to 2016.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Medical Claims Processing Services industry is in a mature life cycle stage, defined by its steady place in the domestic economy. Its industry value added (IVA), which measures the industry's contribution to the economy, is forecast to grow at an average annual rate of 3.1% over the 10 years to 2016. Meanwhile, GDP is anticipated to grow at a similar 1.8% during the same period.
The move to outsourcing medical claims processing occurred in the early 2000s, so the service is widely accepted and few changes are being made to the process. However, providers are expanding their offerings to include services such as worker's compensation claims processing, welfare funds administration and consulting. Thi... purchase to read more