The U.S. healthcare system is poised to undergo a radical transformation in order to combat the rising healthcare costs. Various measures are being taken to curtail the increasing healthcare expenditure, such as the introduction of the Patient Protection and Affordable Care Act (PPACA) as well as the introduction of reimbursement cuts. These measures are compelling healthcare payers and providers to offer quality care to patients at affordable costs, thereby driving the healthcare outsourcing market. The U.S. healthcare payer, provider, and pharmaceutical outsourcing markets are valued at $11.1 billion, $6.8 billion, and $65.6 billion, respectively, in the year 2013.

The U.S. healthcare payer market has been greatly impacted by the introduction of the PPACA Act. This market is particularly driven by claims processing services. As the act expanded insurance access to more than 30 million U.S. citizens, the increased claims processing workload led to large-scale outsourcing of these services by payers. The pivotal factors driving the growth of the U.S. healthcare provider outsourcing market include the ICD-10 conversion reform and the shortage of skilled personnel, particularly medical coders in the U.S. The demand for outsourced services in the U.S. pharmaceutical industry has increased immensely over the years as pharmaceutical companies are adopting various strategies like downsizing and consolidation of infrastructure in response to a sharp global economic downturn.

The players in the payer and provider outsourcing market are Accenture (Ireland), Medusind (U.S.), GeBBS Healthcare (U.S.), and Genpact Limited (Bermuda), among others. Lonza (Switzerland), Catalent (U.S.), Boehringer Ingelheim (Germany), and DSM Pharma (U.S.) are some of the CMOs in the market, while some of the players in the CRO space are Quintiles (U.S.), Covance (U.S.), PPD (U.S.), Parexel (U.S.), and Charles Rivers Laboratories (U.S.).

The agenda for the briefing includes a discussion on key high-growth markets. Furthermore, a briefing will be conducted on the competitive scenario, geographic trends, and opportunities of the market.

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