HOME Top Market Reports Healthcare IT Outsourcing Market - By Application [Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management, Fraud Detection, Billing) Life Science (ERP, CTMS, CDMS) Operational (SCM, BPM) & Infrastructure (IMS, Cloud Computing)] & Industry - Global Forecast To 2018

Healthcare IT Outsourcing Market - By Application [Provider (EHR, RCM, LIMS) Payer (CRM, Claims Management, Fraud Detection, Billing) Life Science (ERP, CTMS, CDMS) Operational (SCM, BPM) & Infrastructure (IMS, Cloud Computing)] & Industry - Global Forecast To 2018

By: marketsandmarkets.com
Publishing Date: August 2013
Report Code: HIT 2089

 

Enquiry Before Buying
Analyst Briefing  
purchase report
download pdf  request for customisation


Outsourcing is an emerging phenomenon in the healthcare information technology market. It is a screening process wherein an organization selects the most efficient third-party service provider to effectively operate its management and administrative unit. Outsourcing of IT solutions in the healthcare industry has emerged as an efficient solution to mitigate rising healthcare costs and to meet the growing demand for quality care. Over the years, the trend of healthcare IT outsourcing  solutions has grown significantly among large organizations and has also attracted mid-sized organizations. In some cases, the entire information management system is outsourced, while in others, only key application services such as implementation of EMR, CRM, and billing systems are outsourced.

The market for this report has been segmented by application and by industry. The application market is further classified as provider healthcare IT outsourcing, payer healthcare IT outsourcing, life science healthcare IT outsourcing, operational IT outsourcing, and infrastructure IT outsourcing, while the market by industry is segmented as healthcare (including hospitals, diagnostic laboratories, and clinics), biotechnology, pharmaceutical, clinical research organizations, and health insurance.

The global market is forecast to grow at a CAGR of 7.6%, to reach $50.4 billion by 2018 from $35 billion in 2013. The health insurance industry, healthcare systems industry, and pharmaceutical industry are driving the HCIT outsourcing market. These industries follow the healthcare IT outsourcing model to enhance their focus on core business, reduce operational and maintenance costs, increase access to IT skilled and trained staff (further reducing hiring and training costs), share risk, and quickly implement new technologies.

Factors propelling the growth of the market are the rising pressure to curb healthcare costs across the globe and the growing need to manage cash flow in back-office administration and IT management systems of healthcare provider, payers, and the life science segment. Lack of in-house IT expertise, rise in demand for integrating solutions, growing pressure on healthcare providers to meet the “Meaningful Criteria” set by the U.S. Federal Government, new ICD-10 conversion guidelines for coding, rise in aging population, and growing medical tourism in Asia are also likely to drive this market.

However, factors such as the fragmented nature of the healthcare system and HCIT outsourcing market, requirement for high investment in outsourcing IT solutions, growing concern for data security, and cultural and language barriers restrain the growth of the market.

North America accounts for the largest share - 72% - of the global HCIT outsourcing market and is expected to reach $36 billion by 2018 from $25 billion in 2013. Asia-Pacific and RoW are expected to register CAGRs of 8.1% and 7.8% (2013 to 2018) respectively, followed by North America (7.6%), and Europe (7.2%).

Major players in the market are Accenture Plc. (Ireland), Accretive Health, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Anthelio Healthcare Solutions (U.S.), Cognizant Technology Solutions (U.S.), Dell, Inc. (U.S.), HCL Technologies (India), Hewlett-Packard Company (U.S.), International Business Machines (IBM) Corporation (U.S.), Infosys Limited (India), McKesson Corporation (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services Ltd. (India), Wipro Ltd. (India), Xerox Corporation (U.S.), Epic System (U.S.), and Computer Sciences Corporation (U.S.).

Scope of the Report

The research report categorizes the healthcare information technology outsourcing market by delivery mode, by components, and application. These markets are further broken down into segments and sub-segments.

Global Healthcare Information Technology Outsourcing Market, by Application:

  • Global Provider Outsourcing Market
    • Electronic Health Records
    • Revenue Cycle Management System
    • Laboratory Information and Management System
    • Pharmacy Information and Management System
    • Others
  • Global Payer Outsourcing Market
    • Customer Relationship Management System
    • Claim Processing Management System
    • Billing System
    • Fraud and Detection System
    • Other
  • Global Life Science Outsourcing Market
    • Enterprise Resource Planning
    • Clinical Trial Management System
    • Clinical Database Management System
    • Research and Development IT services
    • Others
  • Global Operational Outsourcing Market
    • Supply Chain Management
    • Business Process Management
    • Others
  • Global Infrastructure Outsourcing Market
    • Infrastructure Management Services
    • Cloud Computing
    • Others

Global Healthcare Information Technology Outsourcing Market, by Industry:

    • Healthcare System
    • Healthcare Insurance Industry
    • Pharmaceutical Industry
    • Clinical Research Organization
    • Biotechnology
    • Others

Global Healthcare Information Technology Outsourcing Market, by Geography:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of World

Table of Contents 
 
1 Introduction (Page No . - 26)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Key Data Points From Secondary Sources
      1.5.3 Key Data Points From Primary Sources
      1.5.4 Assumptions

2 Executive Summary (Page No . - 34)

3 Market Dynamics (Page No . - 38)
  3.1 Introduction
  3.2 Process Model
  3.3 Market Segmentation
  3.4 Market Dynamics
      3.4.1 Drivers
            3.4.1.1 Healthcare IT Outsourcing Is A Viable Solution To Curtail Healthcare Costs In Each Region
            3.4.1.2 Shortage Of In-House It Professionals
            3.4.1.3 Requirement To Meet The Criteria Of “Meaningful Use” To Receive Incentives By The Federal Government
            3.4.1.4 The U.S. Healthcare Mandates Propel The Healthcare IT Outsourcing Market
            3.4.1.5 Accountable Care Organizations
            3.4.1.6 Reduction In Operational Costs
            3.4.1.7 Growing Need To Integrate Healthcare It Solutions
            3.4.1.8 Improved Quality Of Care And Clinical Outcomes
      3.4.2 Restraints
            3.4.2.1 Fragmented End-User Market Restricts Development Of Standard It Platforms
            3.4.2.2 Rising Incidences Of Data Breach And Loss Of Confidentiality
            3.4.2.3 Cultural Differences And Language Barriers
      3.4.3 Opportunities
            3.4.3.1 Consolidating The Healthcare System And The Role Of Software Architecture Oriented Programs
            3.4.3.2 Growing Concerns For Data Security Offers Opportunities For Outsourcing Private Cloud Computing Models
            3.4.3.3 Emerging Markets Offer A Huge Potential For IT Outsourcing
            3.4.3.4 ICD-10 Conversion System
            3.4.3.5 Shifting Focus Towards Patient-Centric Systems
            3.4.3.6 Growing Medical Tourism In India, Singapore, China And Thailand Offers Opportunities For Healthcare IT Outsourcing

4 Global Healthcare IT Outsourcing Market, By Application (Page No . - 61)
  4.1 Introduction
  4.2 Provider HCIT Outsourcing Market
      4.2.1 Electronic Health Record (EHR)
      4.2.2 Pharmacy Information System (PRS)
      4.2.3 Laboratory Information Management System (LIMS)
      4.2.4 Revenue Cycle Management (RCM) System
      4.2.5 Others
  4.3 Payer HCIT Outsourcing Market
      4.3.1 Customer Relationship Management System
      4.3.2 Claim Processing System
      4.3.3 Billing System
      4.3.4 Fraud Detection
      4.3.5 Others
  4.4 Life Sciences HCIT Outsourcing Market
      4.4.1 Clinical Trial Management System (CTMS)
      4.4.2 Clinical Database Management System (CDMS)
      4.4.3 Enterprise Resource Planning (ERP)
      4.4.4 R&D IT Services
      4.4.5 Others
  4.5 Operational HCIT Outsourcing Market
      4.5.1 Supply Chain Management (SCM)
      4.5.2 Business Process Management
      4.5.3 Others
  4.6 IT Infrastructure Outsourcing Market
      4.6.1 Infrastruture Management Services
      4.6.2 Cloud Computing
      4.6.3 Others

5 HCIT Outsourcing Market By Industry (Page No . - 125)
  5.1 Introduction 126
  5.2 Healthcare Provider System
  5.3 Pharmaceutical
  5.4 Biotechnology
  5.5 Clinical Research Organization (CRO)
  5.6 Health Insurance
  5.7 Others

6 Geographic Analysis (Page No. - 151)
  6.1 Introduction 
  6.2 North America
      6.2.1 Healthcare IT Outsourcing: Strategic Solution To Curtail Healthcare Costs In The U.S. And Canada
      6.2.2 Regulatory Mandates By Patient Protection And Affordable Care Act Stimulates The Market
      6.2.3 Hospital Readmissions Reduction Program (HRRP) Offers Opportunities To The HCIT Outsourcing Market
      6.2.4 Growth In Aging Population Stimulates The Market
  6.3 Europe
      6.3.1 Healthcare IT Outsourcing Supports European Government Initiatives Such As E-Health To Achieve Its Target
  6.4 Asia-Pacific
      6.4.1 New Outline By Japan’s Information And Communication Technology Stimulates The Market
      6.4.2 Growth In Medical Tourism And Presence Of Skilled IT Professionals At Low Costs In India And China Drives The Market
      6.4.3 Increased Clinical Trial Activities In India, China, And Singapore Propel The Market
      6.4.4 South Korea: Rapid Transformation From Telemedicine To U-Health Offers Opportunities To The Market
  6.5 Rest Of The World (ROW)
      6.5.1 Saudi Arabia: HCIT Outsourcing Supports Strategic Framework Designed For The E-Health Program
      6.5.2 Brazil: Healthcare IT Outsourcing Supports Government Initiatives Such As Ti Maior, Prosoft, And Lei Da Informatica And Renuncia Fiscal

7 Competitive Landscape (Page No . - 213)
  7.1 Introduction
  7.2 Agreements, Contract Extensions, Partnerships, And Collaborations
  7.3 New Product Launch
  7.4 Acquisitions
  7.5 Expansions

8 Company Profiles Overview, Products And Services, Financials, Strategy & Development)*(Page No . - 253)
  8.1 Accenture PLC 
  8.2 Accretive Health, Inc.
  8.3 Allscripts Healthcare Solutions, Inc.
  8.4 Anthelio Healthcare Solutions
  8.5 Cognizant Technology Solutions
  8.6 Dell, Inc.
  8.7 HCL Technologies Ltd.
  8.8 Hewlett-Packard
  8.9 IBM Corporation
  8.10 Infosys Limited
  8.11 Mckesson Corporation
  8.12 Siemens Healthcare (Subsidiary Of Siemens AG)
  8.13 Tata Consultancy Services Ltd
  8.14 Wipro Limited
  8.15 Xerox Corporation
*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies. 
 
 
List Of Tables  (147 Tables)
  
Table 1 Global Healthcare IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 2 HCIT Market, By Geography, 2011 – 2018 ($Million) 
Table 3 Provider IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 4 Provider Market, By Geography, 2011 – 2018 ($Million) 
Table 5 EHR Outsourcing Market, By Geography, 2011 – 2018 ($Million)
Table 6 PIS Outsourcing Market, By Geography, 2011 – 2018 ($Million)
Table 7 LIMS Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 8 RCM Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 9 Other Provider Market, By Geography, 2011 – 2018 ($Million) 
Table 10 Payer IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 11 Payer Market, By Geography, 2011 – 2018 ($Million) 
Table 12 CRM Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 13 Claim Processing Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 14 Billing System Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 15 Fraud Detection Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 16 Other Payer Market, By Geography, 2011 – 2018 ($Million) 
Table 17 Life Sciences IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 18 Life Sciences Market, By Geography, 2011 – 2018 ($Million) 
Table 19 CTMS Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 20 CDMS Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 21 ERP Outsourcing Market, By Geography, 2011 – 2018 ($Million)
Table 22 R&D IT Services Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 23 Other Life Sciences IT Outsourcing Market, By Geography, 2011 – 2018 ($Million)
Table 24 Operational IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 25 Operational Market, By Geography, 2011 – 2018 ($Million) 
Table 26 Scm Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 27 Bpm Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 28 Other Operational Market, By Geography, 2011 – 2018 ($Million)
Table 29 IT Infrastruture Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 30 IT Infrastruture Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 31 Infrastructure Management Services Market, By Geography, 2011 – 2018 ($Million)
Table 32 Cloud Computing Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 33 Other IT Infrastructure market, By Geography, 2011 – 2018 ($Million) 
Table 34 Healthcare IT Outsourcing Market, By Industry, 2011 – 2018 ($Million) 
Table 35 Healthcare Provider IT Solutions
Table 36 Healthcare Provider Industry IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 37 Pharmaceutical IT Solutions
Table 38 Pharmaceutical Industry IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 39 Biotechnology IT Solutions
Table 40 Biotechnology Industry IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 41 Clinical Research Organization It Solutions
Table 42 CRO Healthcare IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 43 Health Insurance IT Solutions
Table 44 Healthcare Insurance Industry IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 45 Other HCIT Solutions
Table 46 Other Industry IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 47 Healthcare IT Outsourcing Market, By Geography, 2011 – 2018 ($Million) 
Table 48 North America: Healthcare IT Outsourcing Market, By Application, 2011 – 2018 ($Million)
Table 49 North America: Provider Market, By Application, 2011 – 2018 ($Million) 
Table 50 North America: PayerMarket, By Application, 2011 – 2018 ($Million)
Table 51 North America: Life Sciences Market, By Application, 2011 – 2018 ($Million) 
Table 52 North America: Operational Market, By Application, 2011 – 2018 ($Million) 
Table 53 North America: Infrastructure IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 54 North America: Outsourcing Market, By Industry, 2011 – 2018 ($Million) 
Table 55 North America: Healthcare IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 56 North America: Provider Market, By Country, 2011 – 2018 ($Million)
Table 57 North America: Payer Market, By Country, 2011 – 2018 ($Million)
Table 58 North America: Life Sciences Market, By Country, 2011 – 2018 ($Million) 
Table 59 North America: Operational Market, By Country, 2011 – 2018 ($Million) 
Table 60 North America: IT Infrastructure Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 61 Europe: Healthcare IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 62 Europe: Provider Market, By Application, 2011 – 2018 ($Million) 
Table 63 Europe: Payer Market, By Application, 2011 – 2018 ($Million) 
Table 64 Europe: Life Sciences Market, By Application, 2011 – 2018 ($Million)
Table 65 Europe: Operational Market, By Application, 2011 – 2018 ($Million)
Table 66 Europe: IT Infrastructure Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 67 Europe: Healthcare IT Outsourcing Market, By Industry, 2011 – 2018 ($Million) 
Table 68 Europe: Healthcare IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 69 Europe: Provider Market, By Country, 2011 – 2018 ($Million) 
Table 70 Europe: Payer Market, By Country, 2011 – 2018 ($Million) 
Table 71 Europe: Life Sciences Market, By Country, 2011 – 2018 ($Million) 
Table 72 Europe: Operational IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 73 Europe: IT Infrastructure Outsourcing Market, By Country, 2011 – 2018 ($Million)
Table 74 Asia-Pacific: Healthcare IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 75 Asia-Pacific: Provider IT Outsourcing Market, By Application, 2011 – 2018 ($Million)
Table 76 Asia-Pacific: Payer IT Outsourcing Market, Application, 2011 – 2018 ($Million) 
Table 77 Asia-Pacific: Life Sciences IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 78 Asia-Pacific: Operational IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 79 Asia-Pacific: IT Infrastructure Outsourcing Market, Application, 2011 – 2018 ($Million)
Table 80 Asia-Pacific: Healthcare IT Outsourcing Market, By Industry, 2011 – 2018 ($Million) 
Table 81 Asia-Pacific: HCIT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 82 Asia-Pacific: Provider It Outsourcing Market, By Country, 2011 – 2018 ($Million)
Table 83 Asia-Pacific: Payer IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 84 Asia-Pacific: Life Sciences IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 85 Asia-Pacific: Operational IT Outsourcing Market, By Country, 2011 – 2018 ($Million)
Table 86 Asia-Pacific: IT Infrastructure Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 87 ROW: Healthcare IT Outsourcing Market, By Application, 2011 – 2018 ($Million) 
Table 88 ROW Provider Market, By Application, 2011 – 2018 ($Million) 
Table 89 ROW: Payer Market, By Application, 2011 – 2018 ($Million) 
Table 90 ROW: Life Sciences Market, By Application, 2011 – 2018 ($Million)
Table 91 ROW: Operational Market, By Application, 2011 – 2018 ($Million)
Table 92 ROW: IT Infrastructure Outsourcing Market, By Application, 2011 – 2018 ($Million)
Table 93 ROW: Healthcare IT Outsourcing Market, By Industry, 2011 – 2018 ($Million) 
Table 94 ROW: Healthcare IT Outsourcing Market, By Country, 2011 – 2018 ($Million) 
Table 95 ROW: Provider Market, By Country, 2011 – 2018 ($Million) 
Table 96 ROW: Payer Market, By Country, 2011 – 2018 ($Million) 
Table 97 ROW: Life Sciences Market, By Country, 2011 – 2018 ($Million) 
Table 98 ROW: Operational Market, By Country, 2011 – 2018 ($Million) 
Table 99 ROW: ITInfrastructure Outsourcing Market, By Country, 2011 – 2018 ($Million)
Table 100 Agreements, Contract Extensions, Partnerships, And Collaborations, 2010 – 2013
Table 101 New Product Launch, 2010 – 2013
Table 102 Acquisitions, 2010 – 2013
Table 103 Expansions, 2010 – 2013
Table 104 Accenture: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 105 Accenture: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 106 Accenture: Total Revenue, By Sub-Segment, 2010 – 2012 ($Million) 
Table 107 Accenture: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 108 Accretive Health: Total Revenue And R&D Expenditure, 2009 – 2011 ($Million) 
Table 109 Accretive Health: Total Revenue, By Segment, 2009 – 2011 ($Million) 
Table 110 Allscripts: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 111 Allscripts: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 112 Allscripts: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 113 Cognizant: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 114 Cognizant: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 115 Dell, Inc: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 116 Dell, Inc: Total Revenue, By Product And Services, 2010 – 2012 ($Million) 
Table 117 Dell, Inc: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 118 Dell, Inc: Total Revenue, By Sub-Segment, 2010 – 2012 ($Million) 
Table 119 Dell, Inc: Total Revenue, By Geography, 2010 – 2012 ($Million)
Table 120 HCL: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 121 HCL: Total Revenue, By Geography, 2010 – 2012 ($Million)
Table 122 Hewlett-Packard: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 123 Hewlett-Packard: Total Revenue, By Segment, 2010 – 2012 ($Million) 
Table 124 Hewlett-Packard: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 125 IBM: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 126 IBM: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 127 IBM Total Revenue, By Outsourcing Services, 2010 – 2012 ($Million) 
Table 128 IBM: Total Revenue, By Geography, 2010 – 2012 ($Million)
Table 129 Infosys, Ltd: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 130 Infosys, Ltd: Total Revenue, By Segment, 2011 – 2012 ($Million) 
Table 131 Infosys, Ltd: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 132 Mckesson Corporation: Total Revenue And R&D Expenses, 2010 – 2012 ($Million)
Table 133 Mckesson Corporation: Total Revenue, By Segment, 2010 – 2012 ($Million) 
Table 134 Mckesson Corporation: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 135 Siemens AG: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 136 Siemens AG: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 137 Siemens AG: Total Revenue, By Geography, 2010 – 2012 ($Million) 
Table 138 Tata Consultancy Services Ltd.: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million)
Table 139 Tata Consultancy Services Ltd.: Total Revenue, By Services, 2011 – 2012 ($Million)
Table 140 Tata Consultancy Services Ltd: Total Revenue, By Geography, 2010 – 2012 ($Million)
Table 141 Wipro: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 142 Wipro: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 143 Wipro: Total Revenue, By Geography, 2010 – 2012 ($Million)
Table 144 Xerox: Total Revenue And R&D Expenditure, 2010 – 2012 ($Million) 
Table 145 Xerox: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 146 Xerox: Total Revenue, By Services, 2010 – 2012 ($Million)
Table 147 Xerox: Total Revenue, By Geography, 2010 – 2012 ($Million) 
  
List Of Figures (11 Figures)  
  
Figure 1 Healthcare IT Outsourcing Market, By Application, 2013 - 2018 ($Million) 
Figure 2 Key Reasons For HCIT Outsourcing
Figure 3 Global Healthcare IT Outsourcing: Five-Stage Process Model
Figure 4 Global HCIT Outsourcing Segmentation
Figure 5 Global HCIT  Outsourcing Market Dynamics
Figure 6 Healthcare Spending, By Geography, % Of GDP (2010)
Figure 7 Healthcare IT Outsourcing Market, Geographic Ranking ,2013
Figure 8 Key Growth Strategies, 2010 – 2013
Figure 9 Agreements, Contract Extensions, Partnerships, And Collaborations, By Company, 2010 – 2013
Figure 10 New Product Launch, By Company, 2010 – 2013
Figure 11 Acqusitions, By Company, 2010 – 2013 

The introduction of information technology in the healthcare and life sciences industries has quickened the healthcare process, thereby reducing costs while efficiently managing huge amounts of patient data. However, the adoption rate of healthcare information technology is still low in many regions due to the high costs incurred for implementation, maintenance, and up-gradation services; poor in-house IT skilled resources; and inadequate IT infrastructure. Outsourcing has emerged as an effective tool to combat these challenges. Outsourcing enables the healthcare and life sciences industries to focus more on their core businesses. Furthermore, it offers various benefits such as reduced operating costs, access to skilled resources, quick deployment, flexibility in the choice of technology and modules, improved cash flow, and risk sharing. The global HCIT outsourcing market is forecast to grow at a CAGR of 7.6%, to reach $50.4 billion by 2018 from $35 billion in 2013.

The market for this report has been segmented by application and by industry. The application market is further classified as provider IT outsourcing, payer healthcare IT outsourcing, life science healthcare IT outsourcing, operational healthcare IT outsourcing, and infrastructure healthcare IT outsourcing. Provider HCIT outsourcing is further segmented into electronic health records (EHR), laboratory information management system (LIMS), pharmacy information system (PIS), and revenue cycle management (RCM) systems. Payer HCIT outsourcing includes the following sub-segments, namely, customer relation management (CRM), claim processing, billing system, and fraud and detection. Life science HCIT outsourcing is divided into enterprise resource planning (ERP), clinical trial management system (CTMS), clinical data management system (CDMS), and R&D IT services. The sub-segments of operational HCIT outsourcing included for study are supply chain management (SCM), and business process management (BPM) outsourcing. IT infrastructure outsourcing is further divided into two prominent sub-segments, namely, infrastructure management services (IMS), and cloud computing. The market by industry is segmented as healthcare provider system (including hospitals, diagnostic laboratories, and clinics), biotechnology, pharmaceutical, clinical research organizations, and health insurance.

Factors propelling the growth of the market are the rising pressure to curb healthcare costs across the globe and the growing need to manage cash flow in back-office administration and IT management systems of healthcare providers, payers, and the life science segment. Lack of in-house IT expertise, rise in demand for integrating solutions, growing pressure on healthcare providers to meet the “Meaningful Criteria” set by the U.S. Federal Government, new ICD-10 conversion guidelines for coding, rise in aging population, and growing medical tourism in Asia are some of the other factors that are also likely to drive the healthcare IT outsourcing market.

However, factors such as the fragmented nature of the healthcare system and healthcare IT outsourcing market, requirement for high investment in outsourcing IT solutions, growing concern for data security, and cultural and language barriers restrain the growth of the market.

Major players in the market are Accenture Plc (Ireland), Accretive Health, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Anthelio Healthcare Solutions, Inc. (U.S.), Cognizant Technology Solutions (U.S.), Dell, Inc. (U.S.), HCL Technologies (India), Hewlett-Packard Company (U.S.), International Business Machines (IBM) Corporation (U.S.), Infosys Limited (India), McKesson Corporation (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services Ltd. (India), Wipro Ltd. (India), Xerox Corporation (U.S.), Epic System (U.S.), and Computer Sciences Corporation (U.S.).

Global Healthcare IT Outsourcing Market Share, By Application, 2013

Healthcare IT Outsourcing Market

Source: Press Releases, Association of Health Information Outsourcing Services (AHIOS), Healthcare Information and Management System Society (HIMSS), Healthcare Information Management Outsourcing Association of Philippines (HIMOAP), Association of Clinical Research Organizations (ACRO), Expert Interviews, MnM Analysis

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports