About Claims Processing Services Market
Claims processing refers to the fulfillment of insurers' obligation to receive, investigate, and take necessary actions upon receiving a claim from an insured individual. Factors that determine the insurers' obligation include coverage provided by the insurance policy and the circumstances in which the loss event occurs. The spend momentum of this market will be attributed to the increase in the spend growth of the healthcare claims processing segment owing to the rapid growth of the healthcare market and several reforms and initiatives undertaken by governments in countries such as India and the US to encourage health insurance.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Claims Processing Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Claims Processing Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Claims processing refers to the fulfillment of insurers' obligation to receive, investigate, and take necessary actions upon receiving a claim from an insured individual. Factors that determine the insurers' obligation include coverage provided by the insurance policy and the circumstances in which the loss event occurs. The spend momentum of this market will be attributed to the increase in the spend growth of the healthcare claims processing segment owing to the rapid growth of the healthcare market and several reforms and initiatives undertaken by governments in countries such as India and the US to encourage health insurance.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Claims Processing Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Claims Processing Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Adoption of new enterprise applications to improve productivity and efficiency
Category management strategy
- Ensure effective demand forecasting and governance
Procurement best practices
- Evaluation of value-added services provided by suppliers
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Claims Processing Services Category - Procurement Market Intelligence Report: Marsh & McLennan Companies Inc, Crawford & Co, Arthur J. Gallagher & Co, Chubb Group Holdings Inc, Allianz SE, AXA Group.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to prefer outsourcing claims processing services based on service providers' level of expertise in the line of business, claims volume, and claims that require specialized expertise.”
According to the report, one of the key growth contributors for the global claims processing services market is the spend growth of the healthcare claims processing segment of this market.
Further, the report states that one of the key category management strategies for the buyers in the global claims processing services market is the reduction of TAT for claims settlement through innovative methods.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Marsh & McLennan Companies Inc
- Crawford & Co
- Arthur J. Gallagher & Co
- Chubb Group Holdings Inc
- Allianz SE
- AXA Group.
Methodology
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