ENABLING SMART PROCUREMENT

Global Claims Processing Services Category - Procurement Market Intelligence Report

Price optimization, supplier selection, category management, cost benefit analysis, and risk management insights are now available in this procurement report.

  • Published: Apr 2017
  • Pages: 80
  • SKU: IRCMSTR12532
See more Financial Services reports

Want to know more about this procurement report?

You can get a FREE sample of any report on our site.

What’s in a sample report?
  • USD2500
  • USD1500

Choose your licensing options

Single User + USD0
Five User + USD250
Enterprise + USD500
Global + USD3500

Key Features of Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Claims Processing Services - Category Spend Analysis

According to SpendEdge analysts, technological innovations that focus on increasing customer satisfaction by reducing TAT and using fair claims settlement practices are key growth drivers for the global claims processing services market. In addition, specialized skills of suppliers in terms of litigation management, fraud detection, and utilization of subrogation opportunities have decreased buyers' settlement costs, driving the category growth.

 

Claims Processing Services –  Procurement Best Practices

Buyers must engage with suppliers that can help them evaluate selective versus complete outsourcing of claims processing. Buyers prefer outsourcing the claims processing services based on their level of expertise in the line of business, high dollar claims, and claims that require specialized expertise.

 

Claims Processing Services - Procurement Challenges

Based on the analysis in this report, negligence of subrogation and salvage opportunities are major procurement pain points experienced by the buyers. SpendEdge’s procurement specialists predict that the buyers should engage with suppliers using analytics solutions to identify such opportunities and perform periodic reviews of claim requests.

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

Table of Contents

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • PorterÔÇÖs Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models ÔÇô Pros and Cons
  • Indicative Pricing
  • Indicative Wages
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • Sedgwick Claims Management
  • Crawford & Co.
  • York Risk Services Group
  • Gallagher Bassett Services
  • UMR Inc.

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

Do you purchase multiple reports in a year? Explore our excititng subscription packages.

GET A FREE QUOTE