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The AI for healthcare payer market is forecasted to grow by USD 1.14 billion during 2024-2029, accelerating at a CAGR of 9.4% during the forecast period. The report on the AI for healthcare payer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by escalating imperative to mitigate soaring healthcare costs and combat fraud, waste, and abuse, industry wide transition to value based care and rising demand for personalized member engagement, and rapid technological advancements in AI, especially generative AI, coupled with expanding data interoperability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The AI for healthcare payer market is segmented as below:
By Component
- Software
- Services
By Deployment
- On premises
- Cloud based
By Application
- Claims processing optimization
- Fraud detection and prevention
- Revenue management and billing
- Member engagement and personalization
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the AI for healthcare payer market covers the following areas:
- AI For Healthcare Payer Market sizing
- AI For Healthcare Payer Market forecast
- AI For Healthcare Payer Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Deployment
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global AI for healthcare payer market: Accenture PLC, Airo Digital Labs, CareCloud Inc., Codoxo, Cognizant Technology Solutions Corp., Hexaware Technologies Ltd., Innovaccer Inc., MST Solutions L.L.C., Nuance Communications Inc., Optum Inc., Oracle Corp., Quantiphi Inc., R1 RCM Inc., Softheon Inc., and SoundHound AI Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is ascendancy of generative AI in member engagement and administrative process reengineering."
According to the report, one of the major drivers for this market is the escalating imperative to mitigate soaring healthcare costs and combat fraud, waste, and abuse.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture PLC
- Airo Digital Labs
- CareCloud Inc.
- Codoxo
- Cognizant Technology Solutions Corp.
- Hexaware Technologies Ltd.
- Innovaccer Inc.
- MST Solutions L.L.C.
- Nuance Communications Inc.
- Optum Inc.
- Oracle Corp.
- Quantiphi Inc.
- R1 RCM Inc.
- Softheon Inc.
- SoundHound AI Inc.
