HEALTHCARE PAYER NETWORK MANAGEMENT MARKET ANALYSIS

Healthcare Payer Network Management MarketSize and Trends

The healthcare payer network management market is estimated to be valued at US$ 5.35 billion in 2023 and is projected to achieve a value of about US$ 9.77 billion by 2030, growing at a CAGR of 9% from 2023 to 2030. Factors contributing to the growth of this market include collaborations between healthcare insurers/payers and providers to establish cost-effective care plans for patients and rising healthcare expenditure. The market is further propelled by the integration of advanced analytics, Artificial Intelligence (AI), and cloud technologies, enabling the provision of value-based care and risk-sharing arrangements.

Healthcare Payer Network Management Market Trends:

• Value-based Care Emphasis: Payers are increasingly shifting towards value-based care models. This trend encourages collaboration among payers, providers, and patients to achieve better outcomes at lower costs. Payer network management is evolving to support these models by facilitating data sharing, performance tracking, and incentives aligned with quality care.
• Telehealth Integration: The adoption of telehealth and virtual care services accelerated due to the COVID-19 pandemic. Payer network management solutions are incorporating telehealth capabilities, enabling payers to broaden their networks to include remote providers and offer virtual care options to patients.