What is the outsourcing market size of US healthcare industry and the key trends in outsourcing

The outsourcing market size of the US healthcare industry is expected to be valued at around $200 billion by 2027, growing at a CAGR of around 6% during the forecast period 2020 to 2027.

Some of the key trends in outsourcing within the US healthcare industry include:

1. Increasing adoption of telemedicine: The COVID-19 pandemic has accelerated the adoption of telemedicine, and this trend is expected to continue in the US healthcare industry as well.
2. Growing demand for medical coding and billing services: Medical coding and billing services are in high demand as they help healthcare providers to maximize their revenue and improve their bottom line.
3. Advancements in technology: The US healthcare industry is witnessing advancements in technology such as artificial intelligence, machine learning, and big data analytics, which are helping to improve the efficiency and accuracy of healthcare services.
4. Increased focus on cost containment: Healthcare providers are under pressure to contain costs, and outsourcing is seen as a way to achieve this goal.
5. Growing demand for specialized services: The US healthcare industry is witnessing a growing demand for specialized services such as revenue cycle management, clinical research, and medical transcription.
6. Regulatory compliance and data security: With an increasing emphasis on regulatory compliance and data security, healthcare outsourcing companies are investing in technology and processes to ensure that they meet the necessary regulatory requirements and protect patient data.
7. Outsourcing to reduce operational and administrative costs: The US healthcare providers are looking to outsource non-core activities to reduce operational and administrative costs and increase focus on core business activities.

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