1. Market Research
  2. > Healthcare
  3. > Health Insurance Market Trends

Health Insurance Information Technology: US Overview and Outlook, 2014-2020 

  • November 2015
  • 134 pages
  • Frost & Sullivan
Report ID: 3384815

Summary

Table of Contents

Health Insurance Information Technology: US Overview and Outlook, 2014-2020

Key Findings—Study Highlights

Today, healthcare payers are grappling with a number of significant challenges that are upending their traditional business models and operational processes.

- A plethora of new regulations and compliance obligations as a result of the Affordable Care Act (ACA); continued cost inflation driven by healthcare providers, pharmaceutical companies, and technology vendors; consolidating providers and large employers getting tougher on payer contract negotiations; and the rise of individual consumers demanding a higher level of service at lower premiums are just some of issues causing real angst among payers.

- Added to the mix is the new experimentation with changing reimbursement models and risk-sharing arrangements which will require new ways of working with and sharing information with healthcare providers.

- To tackle these many challenges, health plans are actively looking at information technology as a lever of operational efficiency and transformational change, with spending priorities focused on new tools for analytics, consumer engagement, and population health/care management.

- IT vendors serve a central role in helping payers to better leverage their vast claims data resources, bringing these data together with clinical, financial, socio-economic, and other data generated across the health ecosystem to create robust data sets that can be used to improve the quality and efficiency of healthcare and create new innovative tools to engage consumers.

- While total IT spend for the health insurance industry is expected to grow in line with premium growth reflecting a surge of new covered lives due to ACA, Frost & Sullivan predicts that the industry standard percentage of total premium devoted to IT will not significantly increase overall due to growing margin pressures and the need to contain rising administrative costs. Rather, the allocation of spend among various IT segments (infrastructure/hardware, core administrative systems, BI/analytics, and consumer engagement) will shift to focus on new business priorities arising from shift to consumer focus.

Key Questions This Study Will Answer

- How does the US health insurance system operate and what is the role of various information technology (IT) products and services that are deployed within the system?
- What are the market-shifting macro trends impacting the health insurance industry today?
- What are the specific drivers and restraints impacting the market for IT solutions used in US health insurance companies over the next 5 to 6 years?
- What is the 6-year revenue outlook for IT solutions deployed by health insurance organizations?
- What are the key competitive characteristics for IT vendors serving the market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

The 2018-2023 World Outlook for Private Health Insurance Carriers

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for private health insurance carriers across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings ...

Personal Accident and Health Insurance Investments in Colombia to 2020: Market Databook

  • $ 500
  • Industry report
  • February 2017
  • by Timetric

Synopsis Timetric’s "Personal Accident and Health Insurance Investments in Colombia to 2020: Market Databook" contains detailed historic and forecast data covering personal accident and health insurance ...

US Employer-Sponsored Private Health Insurance Exchange, Forecast to 2020

  • $ 4950
  • Industry report
  • February 2017
  • by Frost & Sullivan

US Employer-Sponsored Private Health Insurance Exchange, Forecast to 2020 Private health insurance exchanges can be broadly defined as online gateways to health insurance, designed to provide single o ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.