Jersey City, New JerseyAnd January 20 2022 /PRNewswire/ – Confirmed Market Research recently published a report, “EDI Healthcare MarketBy transaction type (claim management, claim payment, claim status), by end use (healthcare payers, pharmaceutical industries, healthcare providers), by mode of delivery (mobile-based EDI, cloud-based EDI, electronic interchange For point-to-point data), and by geography, as per validated market research, the global Healthcare Electronic Refrigeration market size has been estimated 2.91 billion US dollars In 2020 is expected to reach 5.23 billion US dollars By 2028, at a compound annual growth rate of 7.6% from 2021 to 2028.
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Global Healthcare EDI Market Overview
Like most other industries, the healthcare industry has undergone drastic changes, particularly in data processing, to become more digitized. In the healthcare industry, huge amounts of highly sensitive data such as patient medical records, health insurance reimbursements, and health insurance claims are exchanged between providers and payers. Nowadays, data sharing has shifted from manual to digital processes as a result of regulations introduced by the Health Insurance Transfer and Accountability Act (HIPAA) and the Patient Protection and Affordable Care Act (ACA). Before HIPAA, data management was manual and mostly paper-based, making it difficult to safeguard and protect sensitive information. Today, information is exchanged electronically between trading partners via Electronic Data Interchange (EDI). This is a structured mechanism that helps reduce human intervention and improve the process.
The increasing incidence of chronic diseases is one of the main drivers of the global healthcare EDI market, as it generates large amounts of data for the organization, which in turn generates demand for the use of EDI for healthcare. In addition, the increasing number of end users such as payers, suppliers, medical and pharmaceutical device industries, etc. is expected to increase the demand for EDI services. COVID19 has caused a global disruption in the healthcare industry, with more patients arriving at healthcare facilities or hospitals on a daily basis.
Healthcare facilities, such as hospitals and aged care centers are facing unprecedented challenges. Global patient data has increased as a result of the COVID 19 pandemic. The increased demand for virtual care has led to an increased demand for telehealth solutions. There is an increase in medical and urgent care bills and a growing need for operational efficiency. These factors have increased the demand for healthcare electronic data interchange during the pandemic.
- May 2021 Complete HealthCare Solutions, Inc. , the market leader in health information technology solutions and management, announced its acquisition of the healthcare division of Selent and Associates, Computerized Systems Business and medicalbillingsoftware.com (DBA), a leading Medisoft/EDI healthcare software and support company located based in Punta Gorda, Florida.
- March 2021 HiPaaS Inc. announced. , a healthcare technology company providing AI-powered Electronic Healthcare Data Interchange (EDI) and CMS Fast Healthcare Interoperability Resources (FHIR) products, announces an OEM agreement with Neo4j®, a leader in graph technology, for its use of graph database capabilities to help accelerate HiPaaS Electronic Data Interchange (EDI) and applications interoperability.
The main players
The major players in the market are Cognizant, Experian Information Solution and ZirMedInc and LLC. and McKesson Corporation and SSI Group.
Verified market research has segmented the global Healthcare EDI market on the basis of transaction type, end use, delivery mode, and geography.
- Healthcare EDI Market, by Transaction Type
- Prosecution Department
- claim payment
- Claim status
- Confirmation of eligibility
- Submit a claim
- Healthcare supply chain
- EDI Healthcare Market, by End Use
- Pharmaceutical industries
- health care providers
- healthcare payers
- EDI Healthcare Market, by Delivery Mode
- Mobile Electronic Data Interchange
- Cloud-based electronic data interchange
- Indicate the EDI point
- EDI Healthcare Market by Geography
- North America
- United kingdom
- rest of Europe
- Asia Pacific
- rest of Asia Pacific
- Middle east & Africa
- Latin america
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