Paper Title
Market Growth Trends of Global Healthcare Financial Analytics Industry
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Registration ID: IJNRD_224208
Published ID: IJNRD2409016
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Keywords
Healthcare financial analytics, Healthcare, healthcare analytics, global healthcare
Abstract
The healthcare financial analytics market has been witnessing steady growth due to the rising demand for efficient financial management solutions in healthcare organizations. The market has been expanding globally as healthcare providers seek to optimize their revenue cycles, reduce costs, and improve overall financial performance. Several factors are driving the growth of the healthcare financial analytics market, including the increasing adoption of electronic health records (EHRs), government initiatives to promote healthcare IT adoption, the need for better cost containment strategies, and the growing emphasis on value-based care. The healthcare financial analytics market can be segmented based on solutions (such as revenue cycle management, claims processing, cost containment, and payment integrity), deployment models (cloud-based and on-premise), end-users (hospitals, clinics, healthcare payers), and regions. The market has seen significant technological advancements, including the integration of advanced analytics, artificial intelligence (AI), machine learning (ML), and predictive modeling techniques into financial management solutions. These technologies enable healthcare organizations to gain actionable insights from large volumes of financial data and make informed decisions to improve their financial performance. Despite the opportunities, the healthcare financial analytics market faces challenges such as data security and privacy concerns, interoperability issues, integration complexities, and the high cost of implementation and maintenance. The projected growth from USD 17.64 billion in 2024 to USD 53.83 billion by 2029 indicates a significant expansion of the healthcare financial analytics market. This growth is driven by factors such as the increasing complexity of healthcare financial management, rising healthcare costs, regulatory requirements, and the need for improved operational efficiency and cost containment measures. Hence, this paper critically study and present the market growth trends of global healthcare financial analytics industry.
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How To Cite (APA)
GUDIMALLAM PURUSHOTHAMA CHARI, P V PURNA KUMARI, KUDALI PRASANTHI, & V.Koteswara Rao (September-2024). Market Growth Trends of Global Healthcare Financial Analytics Industry . INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(9), a157-a172. https://ijnrd.org/papers/IJNRD2409016.pdf
Issue
Volume 9 Issue 9, September-2024
Pages : a157-a172
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Paper Reg. ID: IJNRD_224208
Published Paper Id: IJNRD2409016
Research Area: Management
Author Type: Indian Author
Country: Hyderabad, Telangana, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2409016.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2409016
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