Health Care Reimbursement Market Size & Share – Industry Trend and Forecast 2018 –
Health care reimbursement is the payment that hospitals, diagnostic facilities, doctors, or other health care providers receive for providing medical service to people. Often, government payer or health insurer covers a person's health care expenses partially or fully. Depending on the health insurance plan opted for, the person can claim the reimbursement money from the health insurance provider. Typically, the payment is made after receiving medical service, which is why it is called reimbursement. Advancement in the technology of electronic medical record (EMR) for monitoring patient responsiveness, provider practice, and functioning of health care organizations have the potential to not only strengthen the efficiency and accuracy of reimbursement mechanisms but also to refine the quality of medical care.
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According to Medicare, in 2017, it's benefit payments equaled to
According to the 2017
Growing patient population, rising prevalence of chronic diseases, initiatives taken by public and private entities, increasing cost of health care which encourages stakeholder's interest in reimbursement, and rising awareness among people regarding health insurance policies are driving the global health care reimbursement market. However, deteriorated quality of care available for patients in need of high-cost treatments and administrative burden often faced by clinicians are likely to hinder the growth of the market during the forecast period.
In terms of claim, the global health care reimbursement market can be divided into fully paid and underpaid. The underpaid segment is anticipated to hold the leading share of the global health care reimbursement market due to unnecessary utilization of health care services, resulting in underpaid settlements and rise in the number of false claims. Based on payer, the health care reimbursement market can be segmented into private payers and public payers.
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The private payers segment is expected to dominate the global market due to the presence of large number of private players in the market. In terms of provider, the health care reimbursement market can be classified into physician offices, hospitals, diagnostic laboratories, and others. Hospitals are projected to be the leading segment in the health care reimbursement market due to increasing number of surgeries performed in hospital settings and growing geriatric population utilizing the services of hospitals across the world.
Based on geography, the global health care reimbursement market can be segmented into
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The health care reimbursement market in
Key players operating in the global health care reimbursement market include
For more information on this press release visit: http://www.sbwire.com/press-releases/health-care-reimbursement-market-size-share-industry-trend-and-forecast-2018-2026-1168155.htm
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