Healthcare electronic data interchange (EDI) enables the interchange of healthcare information which is managed using software in a consistent format. It upsurges accurateness, expands efficiency, assists in quicker identification of errors, and easiness of work for the pharmacies, healthcare providers, and payers. The global healthcare EDI market is growing at a significant rate, due to development of guidelines for transaction procedures, and mounting necessity to limit healthcare costs. The market has witnessed high demand for services over the last few years due to subcontracting of EDI services and need massive training programs.
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Geographically, North America is the largest healthcare EDI market as in the region the number of HCIT companies is increasing. Promising guidelines, escalating occurrence of chronic diseases and lifestyle associated diseases, mounting request for inventive IT solutions to simplify workflows and mounting acceptance of healthcare EDI in privileges and supply chain management are also up surging growth of the North American healthcare EDI market.
Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of large population base. In addition, execution of HCIT programs, escalating occurrence of chronic diseases and lifestyle associated diseases, budding necessity to supervise large amount of patient data, government efforts to improve healthcare coverage and reimbursement processes and demand to curtail healthcare costs are also creating a positive impact on the healthcare EDI market growth in the region.
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Key players in the healthcare EDI market are catering the demand of these devices by investing on technologically advanced products in their product portfolio across the globe. In January 2018, Mckesson Corporation completed acquisition of RxCrossroads, to provide commercial support, and logistics services to pharmaceutical and biotechnology manufacturers. Mckesson Corporation, Cognizant Technology Solutions Corporation, Optum, Inc., Dell Technologies Inc., Quality Systems Inc., Experian PLC, Synnex Corporation, Cerner Corporation, and Allscripts Healthcare Solutions, Inc., are the key players offering healthcare EDI solutions.
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