The Hospital Outsourcing Market is expected to be around US$ 663.40 Billion by 2028 at a CAGR of 11.04% in the given forecast period.
Outsourcing encourages hospitals to concentration on their core goal of delivering productive healthcare services. Outsourcing supplementary processes can recover financial effectiveness by lowering overhead costs and rising revenue, output, and overhead quality. In hospitals, most auxiliary parts require a vast infrastructure and technical skills. Hospitals are increasingly contracting third-party functions to outside resources such as health accounting and IT resources. As there is little experience and no access to qualified on-site resources, hospitals primarily deliver non-participating care providers medical facting and IT services. Currently, the healthcare sector is seeing by the federal requirement to offer Electronic Medical Records a growth in outsourcing of in-house facilities, improved insurance expenses and the introduction of complex ICD-10 coding schemes. The development of the market can be supported by the growing patient traffic and pressure of medical processes, such as patient and health eligibility check-in records. Hospitals are increasingly outsourcing internal activities to third-party service providers such as medical billing and IT services. The hospitals are mostly outsourcing medical billing and IT services to third-party service providers due to a lack of expertise and the unavailability of skilled resources in the industry. Moreover, with the establishment of accreditation and regulations of these service providers, they are also held accountable for their quality standards.
The global Hospital Outsourcing market is segregated on the basis of Service Outlook as Healthcare IT, Clinical services, Business services, Transportation services, and Others. Based on Type Outlook the global Hospital Outsourcing market is segmented in Public and Private.
The global Hospital Outsourcing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Hospital Outsourcing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Allscripts, Cerner Corporation, The Allure Group, Integrated Medical Transport, Sodexo, Aramark Corporation, LogistiCare Solutions, LLC, Flatworld Solutions, Alere, Inc., ABM Industries Inc., and others are among the major players in the global Hospital Outsourcing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Hospital Outsourcing Market has been segmented as below:
Hospital Outsourcing Market, By Service Outlook
Hospital Outsourcing Market, By Type Outlook
Hospital Outsourcing Market, By Region
Hospital Outsourcing Market, By Company
The report covers:
Report Scope:
The global Hospital Outsourcing market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Hospital Outsourcing market share. Major industry players with significant revenue share include Allscripts, Cerner Corporation, The Allure Group, Integrated Medical Transport, Sodexo, Aramark Corporation, LogistiCare Solutions, LLC, Flatworld Solutions, Alere, Inc., ABM Industries Inc., and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Hospital Outsourcing Market, By Service Outlook
5.1. Key Points
5.2. Healthcare IT
5.3. Clinical services
5.4. Business services
5.5. Transportation services
5.6. Others
6. Hospital Outsourcing Market, By Type Outlook
6.1. Key Points
6.2. Public
6.3. Private
7. Competitive Landscape
7.1. Introduction
7.2. Recent Developments
7.2.1. Mergers & Acquisitions
7.2.2. New Product Developments
7.2.3. Portfolio/Production Capacity Expansions
7.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.2.5. Others
8. Company Profiles
8.1 Allscripts
8.1.1 Company Overview
8.1.2 Product/Service Landscape
8.1.3 Financial Overview
8.1.4 Recent Developments
8.2 Cerner Corporation
8.2.1 Company Overview
8.2.2 Product/Service Landscape
8.2.3 Financial Overview
8.2.4 Recent Developments
8.3 The Allure Group
8.3.1 Company Overview
8.3.2 Product/Service Landscape
8.3.3 Financial Overview
8.3.4 Recent Developments
8.4 Integrated Medical Transport
8.4.1 Company Overview
8.4.2 Product/Service Landscape
8.4.3 Financial Overview
8.4.4 Recent Developments
8.5 Sodexo
8.5.1 Company Overview
8.5.2 Product/Service Landscape
8.5.3 Financial Overview
8.5.4 Recent Developments
8.6 Aramark Corporation
8.6.1 Company Overview
8.6.2 Product/Service Landscape
8.6.3 Financial Overview
8.6.4 Recent Developments
8.7 LogistiCare Solutions, LLC
8.7.1 Company Overview
8.7.2 Product/Service Landscape
8.7.3 Financial Overview
8.7.4 Recent Developments
8.8 Flatworld Solutions
8.8.1 Company Overview
8.8.2 Product/Service Landscape
8.8.3 Financial Overview
8.8.4 Recent Developments
8.9 Alere, Inc.
8.9.1 Company Overview
8.9.2 Product/Service Landscape
8.9.3 Financial Overview
8.9.4 Recent Developments
8.10 ABM Industries Inc.
8.10.1 Company Overview
8.10.2 Product/Service Landscape
8.10.3 Financial Overview
8.10.4 Recent Developments
The Hospital Outsourcing Market has been segmented as below:
Hospital Outsourcing Market, By Service Outlook
Hospital Outsourcing Market, By Type Outlook
Hospital Outsourcing Market, By Region
Hospital Outsourcing Market, By Company
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