According to Markntel Advisors Report, Solar Water Desalination Plant Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Denial Management in medical billing is used to identify the problems that lead to medical claim denials by preventing, investigating, analyzing, and resolving them. Additionally, it deals with the process of managing the existing claim denials and the prevention of future claim denials. Further, it aims to optimize the revenue cycle by reducing denial rates, improving clean claim submissions, and enhancing overall financial performance.
Global Healthcare Denial Management Market Research Report & Summary:
The Global Healthcare Denial Management Market size was valued at around USD 14.98 billion in 2024 and is estimated to grow at a CAGR of around 12.19% during the forecast period, i.e., 2025-30. The market size is expected to reach USD 30.17 billion by 2030.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Healthcare Denial Management Market?
The top companies of the Solar Water Desalination Plant Market ruling the industry are:
Exela Technologies BPA, LLC, Nordic, Invensis Technologies Pvt Ltd., Flatworld Solutions Inc., Optum Inc., Soho Tech Services, EvidenceCare, MediBill MD, ProMantra, Inc., AnnexMed, Experian Information Solutions, Inc., Aspirion , panaHEALTH, BillingParadise, Skyline Healthcare, and others
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What is Included in Healthcare Denial Management Market Segmentation?
The Solar Water Desalination Plant Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Component
- Software- Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
- By Type
- Soft Denial- Market Size & Forecast 2020-2030, USD Million
- Hard Denial- Market Size & Forecast 2020-2030, USD Million
- By System Type
- Standalone- Market Size & Forecast 2020-2030, USD Million
- Integrated- Market Size & Forecast 2020-2030, USD Million
- By Deployment
- Cloud & Web-Based- Market Size & Forecast 2020-2030, USD Million
- On-Premise-Based- Market Size & Forecast 2020-2030, USD Million
- By End-User
- Hospitals- Market Size & Forecast 2020-2030, USD Million
- Ambulatory Surgical Centers- Market Size & Forecast 2020-2030, USD Million
- Diagnostic Labs- Market Size & Forecast 2020-2030, USD Million
- Physician Offices- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Explore the Complete Healthcare Denial Management Market Analysis Report – https://www.marknteladvisors.com/research-library/healthcare-denial-management-market.html
Global Healthcare Denial Management Market Driver:
Rising Medical Claims Denial Amplifying the Requirement for Appropriate Management Solutions – The surge in refused medical claims has significantly amplified the need for effective denial management solutions, as healthcare providers face increasing financial losses and operational inefficiencies. For instance,
- Journal of AHIMA indicates that turndown rates have surged to 10-15%, with hospitals losing an average of USD5 million annually, representing 5% of their net patient revenue.
The primary factors responsible for growth include incomplete documentation, prior authorization failures, and evolving payer policies, leading to higher rejection rates and delayed reimbursements. Additionally, manual claim processing and outdated billing systems contribute to inefficiencies, increasing the cost of reworking rejected claims, which ranges from USD25 per claim for practices to USD181 per claim for hospitals. With nearly 20% of all claims refused and 60% of returned claims never resubmitted, providers face permanent revenue losses, making denial management solutions essential for streamlining claim submissions and improving approval rates.
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