Market Research Report
Healthcare Electronic Data Interchange (EDI) Market Analysis By Component (Services, Solutions), Delivery Mode (Web & Cloud-based EDI, EDI Value Added Network, Direct EDI, Mobile EDI), By End-use, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557205|
|Published||Content info||95 Pages
Delivery time: 2-3 business days
|Healthcare Electronic Data Interchange (EDI) Market Analysis By Component (Services, Solutions), Delivery Mode (Web & Cloud-based EDI, EDI Value Added Network, Direct EDI, Mobile EDI), By End-use, And Segment Forecasts, 2014 - 2025|
|Published: August 10, 2017||Content info: 95 Pages||
The global healthcare EDI market is anticipated to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 9.4% over the forecast period, owing to increasing government support for healthcare IT coupled with surge in number of end-users and increasing adoption of EDI.
In 2010, the ObamaCare Act (the Affordable Care Act) was passed in the U.S., which mandated the use of enrolled/dis-enrolled transactions between the payers and providers in the U.S. Implementation of favorable policy such as Health Insurance Portability & Accountability Act (HIPAA) to provide data privacy and security provisions to protect medical information is anticipated to propel the market growth. Increasing government funding for the EDI-Special Project congressional grants is befitting hospitals and non-profit organization, thereby expected to foster the market growth.
A surge in number of end-users such as payers, providers, pharmaceutical & medical device industries, and others are anticipated to fuel the demand of the EDI services or solutions during the market period. The healthcare payers use EDI for the evaluation of insurance claims before their payment settlement, prevention & detection of fraudulent claims to provide rapid services through collaborating with providers in order to gain a competitive advantage.