Transparency Market
Research Reports incorporated a definite business overview and investigation
inclines on "Healthcare EDI
Market ". This report likewise incorporates more illumination
about fundamental review of the business including definitions, requisitions
and worldwide business sector industry structure.
Electronic Data Interchange, abbreviated as EDI, is
an innovative electronic communication technology, that offers exchange data
standards, for exchange of data by any kind of electronic technology.
Electronic data exchange permits exchange of important data between two or more
companies, situated in two or different countries, by application of certain
standards of EDI. EDI can be defined as, exchange of data, by using
predetermined message terms and standards, from one computer device to another,
without any human or mechanical intervention. Electronic data exchange was
launched by National Institute of Standards and Technology in 1996.
Healthcare Electronic Data
Exchange (EDI) is the systematic application of EDI in the field of healthcare.
EDI has played a valuable role in the healthcare industry. It is been very
critical to manage the data in healthcare field, such as, patient history
records, medication data, emergency services records and others. However, EDI
helped to manage this huge data in very efficient, systematic and easily
accessible manner. EDI is implemented in almost all sub-divisions of healthcare
industry, since it saves lot of time and money, and ultimately propels the
growth of healthcare industry. As of now, major applications of EDI in the healthcare
industry include insurance and reimbursement sector, dental and medical patient
database management, clinical trials and regulatory data management and others.
The market of healthcare
EDI is segmented on the basis of products and end users. In products
segmentation, it is further divided on the basis of mode of delivery, such as,
P2P EDI, VAN EDI, Cloud EDI, mobile EDI and others. On the basis of
transactions, it is sub-divided as, premium payments, eligibility verification,
insurance and reimbursement claim status, enrollment related transactions and
others. Further, on the basis of end users, it is sub-divided as healthcare
service providers (medical infrastructure, clinics, hospitals and other medical
assessment centers), pharmacies and medical devices and equipment
manufacturers, suppliers, and distributors, and healthcare financers, such as
government financers and private financers.
Moreover, the market is
segmented on the basis of geography, such as, North America, Europe,
Asia-Pacific and Rest of the World (RoW). At present, North America and Europe
are the most prominent markets, owing to well developed technological networks.
However, Asia-Pacific and some countries in RoW region are expected to show
lucrative growth in the upcoming period, owing to enhanced awareness about use
of technology to perform day-to-day EDI activities and growth of technological
network.
The market of healthcare
EDI is driven by many influencing factors, such as, rapidly growing technology
and its applications in the healthcare industry, increase in prevalence of
chronic diseases and growing awareness. This is supported by rapidly growing
clinical trials and R&D, increasing base of end-users such as hospitals and
private payers, and strong focus on reimbursement and insurance claims. Rapidly
increasing technological applications is considered as the most important
driver supporting the growth of this market. Owing to this, a large amount of
money and time, which was wasted in healthcare data management, has been saved
that ultimately contributes in the growth of the industry.
More
Research Report on Healthcare IT Market: http://www.transparencymarketresearch.com/healthcareit-market-reports-19.html
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a
complete study of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes review of micro and macro
factors essential for the existing market players and new entrants along with
detailed value chain analysis.
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