Get instant access to this report sample and gain complimentary access to our procurement research platform.
Trusted by
The claims processing services procurement category is projected to grow at a CAGR of 5.29% during 2022-2026. The prices are outlined to rise by 2%-4% during the forecast period and suppliers will have high bargaining power in this market. Crawford, Arthur J. Gallagher, and Meritain Health are a few of the key suppliers in the claims processing services market.
To unlock the YoY growth values for 2022-2026, Request for a FREE Sample Report!
This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the claims processing services procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading claims processing services suppliers profiled extensively in this report include:
Furthermore, this claims processing services procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for claims processing services requirements. In addition, the most adopted and high potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.
The claims processing services procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for claims processing services requirements.
To get the exact category management parameters and unfold their degree of influence on this claims processing services procurement market in details, Get the FREE Sample Report Now!
The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings, while sourcing for claims processing services requirements.
The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full claims processing services procurement market report now to get comprehensive details on pricing models
Request for a FREE sample to access the latest price forecasts, market drivers, TCO reduction opportunities for claims processing services market
To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of $ 79.3 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through an analysis of the below factors:
The claims processing services market will register an incremental spend of about $ 79.3 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!
The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:
Request for a FREE sample for more information on the spend growth for claims processing services procurement market
A targeted strategic approach to claims processing services sourcing will provide several opportunities. However, in the absence of actionable intelligence on claims processing services, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as cost savings, scalability of inputs, and green initiatives, which will assist buyers to formulate a strategic procurement strategy
The report explains the following key category management objectives that should form the base for sourcing strategy.
To explore the extent of influence of category management objectives that can improve the efficiencies of the retailers, Request for a FREE Sample Report!
In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.
|
Scope of Claims Processing Services |
|
|
Report Specs |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Spend growth (CAGR) |
5.29% |
|
Incremental spend |
$ 79.3 billion |
|
Pricing growth outlook |
2%-4% |
|
Pricing models |
Fixed fee pricing model and Percentage-based pricing model |
|
Supplier selection scope |
Capabilities of the claims systems used, Effectiveness of litigation management programs, Reporting capabilities, and Efficiency of the service team |
|
Supplier opportunities |
Supplier synergies, Reducing total ownership cost, Manage ad hoc spend, Negotiate on pricing and contractual terms, Conference participation, Level of automation, Quality management, Forward integration, and Managing inventory shrinkage |
|
Supplier selection criteria |
Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, and Evaluation criteria |
|
Category management scope |
Cost savings, Scalability of inputs, Green initiatives, Reduction of TCO, Demand forecasting and governance, Adherence to regulatory nuances, Minimalization of ad hoc purchases, Top-line growth, Supply base rationalization, and Supply assurance |
|
Top suppliers |
Crawford, Arthur J. Gallagher, Meritain Health, Chubb Group, Sedgwick, InterEurope, Canadian Claims Services, HealthSmart Holdings, Cerner, and Athenahealth |
|
Market dynamics |
Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East, and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years. |
|
Customization scope |
We can create customized sourcing/procurement reports with specific requirements for your business. |
Request for a FREE sample now!
Copyright © 2024 Infiniti Research Limited. All Rights Reserved. Privacy Notice – Terms of Use – Sales and Subscription
