Claims management software offers management services to healthcare providers and insurance companies enabling them to investigate and act on claims by an insured person. Multiple services offered by claims management software includes investigation, review, payment release or denial of the claim. Modules offered by claims management software includes billing, claims processing, business process management, contracting and reimbursement, customer services, reporting, collaborative and integration tools, and more.
Prominent factors driving the demand of claims management software includes an increase in chronic diseases incidents, increase in aging population, adoption of digital and cloud services, initiatives for improving insurance claims services, the government push to increase insurance coverage among its citizens, etc. Insurance companies are also looking to invest in claims management solutions to optimize their value chain and internal processes, reduction in their operational cost through automation which can be achieved through claims management software, and reduction in the leakages through operational efficiency.
In 2018, the global Claims Management Solutions market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Claims Management Solutions status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Claims Management Solutions development in United States, Europe and China.
The key players covered in this study
International Business Machines(IBM)
Cognizant Technology Solutions
Market segment by Type, the product can be split into
Market segment by Application, split into
Office based Physicians
Emergency Healthcare Service providers
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Claims Management Solutions status, future forecast, growth opportunity, key market and key players.
To present the Claims Management Solutions development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Claims Management Solutions are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.