Healthcare BPO Market Set to Grow at a CAGR of 9.9% Through 2032
The Healthcare Business Process Outsourcing (BPO) market is poised for significant growth, with its size expected to reach approximately USD 908 billion by 2032, up from USD 362 billion in 2022, reflecting a compound annual growth rate (CAGR) of 9.9% from 2023 to 2032. This growth can be attributed to several key factors, including the increasing need to manage rising healthcare costs, the expansion of the healthcare industry, and advancements in technology. A major driver of market expansion is the increasing adoption of revenue cycle management (RCM) services, which streamline administrative functions such as billing and collections, enhancing efficiency and…
- Date: May 16, 2024
- Author: Robert Shaw
- Category: PharmiWeb