Healthcare Provider Network Management Global Market Report 2022: Ukraine-Russia War Impact

Major players in the healthcare provider network management market are Optum Inc, Atos SE, Cognizant, Symphony AyasdiAI, Infosys Technologies Limited, Change Healthcare Inc, SkyGen, McKesson Corporation, Centene Corporation, OSPLabs, Virtusa Corporation, Appian Corporation, Salesforce Inc, Evolent Health Inc, and Coforge.

The global healthcare provider network management market is expected to grow from $2.84 billion in 2021 to $3.35 billion in 2022 at a compound annual growth rate (CAGR) of 17.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The healthcare provider network management market is expected to reach $5.96 billion in 2026 at a CAGR of 15.5%.

The healthcare provider network management market consists of sales of healthcare provider network management services by entities (organizations, sole traders, and partnerships) that help to improve claim accuracy, documentation, data management, and automation.Healthcare provider network management provides a point for access to information about health insurance plans, government regulations and processes, pricing, and other data within the healthcare organization.

It helps financial organizations to manage claims with more accuracy, manage provider networks with superior efficiency, and improve provider satisfaction.

The main types of components in the healthcare provider network management market are network management services and network management software.The network management services market refers to services used to provide access to plans of patient care, pathology report results, and medical and pharmacy claims utilization data.

The network management services refer to network maintenance, monitoring of devices, and monthly report status. The various deployment types include on-premises and cloud, and the end users are private payers and public payers.

North America was the largest region in the healthcare provider network management market in 2021. The regions covered in the healthcare provider network management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising patient population is expected to propel the growth of the healthcare provider network management market going forward.The patient population refers to individuals living with certain medical conditions and illnesses.

With the increasing patient population, the patient flow to hospitals also increases.Healthcare provider network management helps providers monitor patient records to predict hospitalization and readmission and enables them to manage care-management programs.

For instance, according to the American Hospital Association, a US-based organization that represents all types of hospitals and health care networks’ 2020 Annual Survey, over 33.35 million hospital admissions were registered in the US during 2020. Therefore, the rising patient population is driving the growth of the healthcare provider network management market.

Technological advancement is the key trend gaining popularity in the healthcare provider network management market.Major market players are concentrating their efforts on creating innovative technologies to sustain their position in the market.

For instance, in March 2021, Innovaccer Inc., a US-based digital healthcare company, launched a provider network management solution that is powered by the Innovaccer health cloud and an integrated platform to assist healthcare payers to enhance provider network performance, data collection, and analysis. Payers can educate and reach out to providers as well as offer services such as point-of-care alerts to improve quality scores, the total cost of care, and member health value.

In January 2022, Centene Corporation, a US-based managed care company, acquired Magellan Health Inc. for a deal amount of $2.2 billion. This acquisition will help Centene Corporation to increase its behavioral and specialty healthcare service portfolio and integrate healthcare solutions for patients at lower medical costs. Magellan Health Inc. is a US-based provider network management organization.

The countries covered in the healthcare provider network management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The healthcare provider network management market research report is one of a series of new reports that provides healthcare provider network management market statistics, including healthcare provider network management industry global market size, regional shares, competitors with a healthcare provider network management market share, detailed healthcare provider network management market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare provider network management industry. This healthcare provider network management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.