|Market Size in 2021||Market Forecast in 2028||Growth Rate (in %)||Base Year|
|USD 3.10 billion||USD 7.05 billion||CAGR at 14.70%||2021|
Health Care Provider Management Market
Payer organizations are now required to efficiently manage their provider networks to lower operating costs while simultaneously enhancing benefit coverage and raising customer satisfaction levels. This is made necessary by the implementation of healthcare mandates like the Patient Protection and Affordable Care Act (PPACA), which includes Medical Loss Ratio (MLR) and Administrative Loss Ratio (ALR).
The global health care provider management market size in 2021, the market is expected to reach $3.10 billion and is estimated to grow to USD 7.05 billion on 2028, with a compound annual growth rate (CAGR) of approximately 14.70 percent over the forecast period.
North America dominated the geographic component of the health care provider management market. The Patient Protection and Affordable Act (PPACA) in the United States, the region's rapidly expanding IT sector, and the growing emphasis on lowering healthcare costs all contribute to the region's strong market growth.
Top Key players in this global health care provider management market are Cognizant, Vee Technologies, Symplr, Appian, Change Healthcare, Optum, Inc. (A Part Of UnitedHealth Group), Ayasdi, Inc, Mphasis Limited, Skygen Usa, Llc., Evolent Health, Inc., Infosys Bpm, Ltd., Atos Syntel Inc. (A Subsidiary Of Atos Se), Osp Labs, Hgs Ltd., Virtusa Corp, Exl, Virsys12, Llc. (A Salesforce Company), Inovalon, Wipro Limited.
Component (Services And Software), By Delivery Mode (On-Premise Delivery Mode And Cloud-Based Delivery Mode), By End User (Verticals And Service Providers) are the key segment growing in the health care provider management Market.