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        Kiir, Machar put S. Sudan on edge as political rows escalate – The East African

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        After Pope Francis’ visit, South Sudan relief charity sees renewed interest and prayers – Catholic News Agency

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        South Sudan's oil and water give it bargaining power – but will it benefit the people? – The Conversation Indonesia

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                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

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                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

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                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

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                تتعاون بيوماب و جامعة محمد بن زايد للذكاء الاصطناعي في مختبر مشترك للحسوبة الحيوية

                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

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                  • Algeria

                    Algeria's Arms Imports Drop by 58% – Asharq Al-awsat – English

                    Stellantis invests 200 mln euros to produce Fiat cars in Algeria – Kalkine Media

                    Stellantis invests 200 million euros to produce Fiat cars in Algeria – Reuters.com

                    Algeria's gas vs. rightwing ideology: Will Italy change its position on … – Middle East Monitor

                    Borrell: Dispute between Algeria, Spain Harms Association Agreement – Asharq Al-awsat – English

                    Museveni departs for Algeria on three-day state visit – Monitor

                  • Egypt

                    Egypt launches first center to support innovative non-banking fintech solutions – ZAWYA

                    Planning Ministry calls for green projects to finance after 18 won last … – Egypt Today

                    Saudi leads most Gulf bourses higher; Egypt down – Business Recorder

                    Egypt's Military Is Under Pressure to Loosen Its Grip on Economy – The Wall Street Journal

                    IBM brings intelligent automation software to Telecom Egypt to … – PR Newswire

                    Egypt contributes to Europe's energy security: Petroleum Minister – Daily News Egypt

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                  • Libya

                    With 5.3% CAGR, Global Libya Cosmetics Market Size to Surpass … – Digital Journal

                    Eye Hospital opens one of the major operation departments in the … – The Libya Observer

                    The Oil Price Collapse Continues After Brief Respite – Yahoo Finance

                    Maaloul & Jaziri called-up for Tunisia's double-header against Libya – KingFut

                    Italy says 30 migrants missing after boat capsizes off Libya – Macau Business

                    Italy fears huge numbers of migrants might sail from Libya | News … – KEYT

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                    • Morocco

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                      In search of Jewish heritage in Morocco's southern oases – Al-Monitor

                      Royal Air Maroc Cancels More Flights To, From France Due to … – Morocco World News

                      Astronomy Expert: First Day of Ramadan 2023 in Morocco is March 23 – Morocco World News

                      Forbes Features Three Moroccans Among MENA's Top 100 … – Morocco World News

                      Morocco DISC Assessments Launched at disc.ma by DISC Persona a Leading Personality Testing Company – EIN News

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                      • South Sudan

                        Journalists Held Over South Sudan President Video Are Freed – Voice of America – VOA News

                        Kiir, Machar put S. Sudan on edge as political rows escalate – The East African

                        South Sudan's president dismisses political rival's wife – KRDO

                        After Pope Francis’ visit, South Sudan relief charity sees renewed interest and prayers – Catholic News Agency

                        South Sudan: Al-Burhan Attends Signing Ceremony of Juba Peace … – AllAfrica – Top Africa News

                        South Sudan's oil and water give it bargaining power – but will it benefit the people? – The Conversation Indonesia

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                        • Sudan

                          Why bank carnage in the west may boost China's appeal – The Business Standard

                          Ambassador of Belarus S.Terentiev meets the Deputy Minister of Foreign Affairs of Sudan – ZAWYA

                          Global banking crisis: Low prices to brighten prospects of OMCs – Business Standard

                          Sudan's ruling council working to prevent 'authoritarian rule' in … – Middle East Monitor

                          Group of ING business clients ask bank to stop financing fossil fuel … – NL Times

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                          • Tunisia

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                            Human rights groups urge EU ministers to put pressure on Tunisia – Arab News

                            Italy pushing IMF to help Tunisia and avoid instability, minister says – Reuters.com

                            Tunisia's parliament convenes for first time since 2021 | Business … – Times Daily

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                            • North Africa
                              Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

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                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

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                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

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                              • Middle east
                                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                                أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                                أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

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                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

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                                  Home Press Releases

                                  Technology Spending on Core Administration in Healthcare Market Estimated to Grow at a CAGR of 4.4% During the Forecast Period 2021-2026

                                  admin by admin
                                  April 7, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, April 07, 2022 ) The Technology Spending on Core Administration in Healthcare Market was sized at $31.1 billion in the year 2020. It is poised to grow at a CAGR of 4.4% over the forecast period of 2021-2026. Core administration within the healthcare setup provides essential systems such as payment efficiency and dwells a business to emancipate its business model. The dependency on the cloud has grown multifold in the recent decade owing to enormous demand from the patients and the government mandates to uplift the services at hand. Core administration should provide flexibility, automation, and configurability that is needed to boost one’s setup. The spending on core administration has been attributed to the ready availability of telehealth services or mobile technologies services such as tablets or mobile phones.

                                  Moreover, the dependency on electric health records has gained prominence due to its interoperability in the last decade. The spending on technology has made it easier for patients, as well as for the hospitals. It has forged a path that can help the patient know the details of their current health, while for the hospitals, it can help allow the infrastructure to handle the influx if any. Health care services are a broader segment to encompass all the necessary ancillary of healthcare setups such as hospitals, clinicians, organizations, and several others. Each of the listed use various technological tools to smoothen its administrative functions. For medical insurance companies, technology spending has facilitated them to make their reimbursement systems more robust and efficient. By combing the tools such as healthcare analytics with the present technology, healthcare infrastructure can propel in the future at an optimal rate.

                                  Additionally, various tech giants are readily spending their time and resources to construct different platforms. To name one, Cognizant has the availability of three core administrative solutions by the name of- Facets, QNXT, QicLink. The company claims that the following products can anticipate the future of healthcare by unleashing cutting-edge technology.

                                  Technology Spending on Core Administration in Healthcare Market Segment Analysis – By Deployment

                                  The technology spending on core administration in the healthcare market is bifurcated into two segments- On-premises and on a cloud. Cloud dominated the market in the year 2020. The cloud offers various benefits over the former, on-premises. First, the availability of a cloud to be used at any location, at any time gives it a distinctive edge over the former. Secondly, the cloud can inculcate and store an enormous amount of patient health records, along with other vital documents. It saves time and also avoids any chances of human errors while storing the data.

                                  The market will continue to follow the above trend over the forecast period of 2021-2026, and on-cloud will grow at the fastest CAGR of 5.3%. The availability of cloud-based services to hospitals and patients has helped them correlate various data sets and approach each other in the best possible manner. Moreover, the senior population will benefit from this spending on technology as their medical records can be saved on the cloud, which further allows them to consult any doctor or physician based on their preference or limitation. As per WHO reports, the world geriatric population is increasing at a rapid pace. The first hit will be felt by the North American regions, as by 2036 USA will have a higher proportion of senior residents than a younger one. The rising age flourishes health problems such as diabetes, high blood pressure, and other cardiovascular diseases, which can be monitored by state-of-the-art technology such as IoT. It’ll ease treatment, lower administrative costs for the system, and also provide cross-country operability.

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                                  Technology Spending on Core Administration in Healthcare Market Segment Analysis – By End Users

                                  The healthcare market’s technology spending on core administration is bifurcated into two segments: Payers- Insurance companies, government, and others; Providers- Hospitals and others. The providers’ segment held a dominant market share in the year 2020. The spending was primarily done by the hospitals to facilitate patient care in an efficient way. Hospitals are partnering with the IT giants to refurbish their administrative setups. The element of error has been mitigated away, and a value proposition is looked after. The influx of patients has been seeing a rising trend, patients who need to get admitted. Hospitals are using various AI-based tools or IoT tools to track patients’ health daily. The following have been some of the reasons for the growth of providers in the year 2020.

                                  Although, a paradigm shift is foreseeable, and the payers’ segment is set to grow at a CAGR of 4.7% over the forecast period of 2021-2026. The reason behind the projection is that companies such as medical insurance companies or general insurance companies are spending an immense number of resources on developing their core administrative functions. To quote, GHP, a Pennsylvania -based Geisinger Health Plan, imparted Cognizant as their IT partner to improve their product lines and help in expanding the market presence of their products. The other factors that helped the insurance company improve their cost margins, new product lines were established with ease, and the need for the manual process was eliminated. Future scalability was one of the key aspects which they looked out for for a while, spending on the core administration. After implementing these administrative policies, an increase of 10%, from 75% to 85%, was observed in auto-adjunction rates, a 100% track record of on-time submissions to CMMS services, and 99% provider-payment accuracy was achieved.

                                  Technology Spending on Core Administration in Healthcare Market Segment Analysis – By Geography

                                  North America held a share of 40% in the market for the year 2020. It is knowingly due to a robust medical infrastructure and the ready adoption of cloud-based technology in healthcare. For example, in the USA, NIH launched a program known as N3C, which helps scientists to analyze the data of the covid affected patients using big data analytics and medical records. The following was meant to find a possible cure for the kind of vaccine. Clover, A San- Francisco-based health insurance setup utilized algorithms and spent actively on the core administration. It developed AI, which could reach out to the people at risk of catching covid and provide them with robust health setups that can reach them.

                                  A lucrative growth can be seen in the Asia-Pacific region for the forecast period. It is primarily attributed to the ready investments made by the respective governments to refurbish the medical infrastructure. The use of analytical tools has been a success in certain studies. The governments are actively working with IT providers to create niche software or service solutions that can deal with lakhs of users and provide insights.

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                                  Technology Spending on Core Administration in Healthcare Market Drivers

                                  A recent shift from a volume centric data approach to a value-centric approach will create demand for the technology spending on core administration in the healthcare domain

                                  A recent trend of changing healthcare preferences has been seen, enforced by the government to avoid wastage. According to a peer-reviewed article, the USA healthcare allocates $760 billion to $935 billion annually on healthcare, of which 25% is spent on non-revenue generating activities or can be termed as waste. The study was further subjugated into six different categories, of which the highest contributor of waste was “administrative complexity.” It accounted for $265.6 billion annually in waste. Although the wastage amount has shrunk from 30% to 25% within a span of 5 years, it shows the administrative reforms that the healthcare setup has opted for. Earlier, the value was only counted for the number of patients you could process in a day or a month, but now patient satisfaction and retention are of more serious concern. Electronic medical records have been another factor that has helped the healthcare industry to prioritize their setups and expenditures on the people who need them the most; the product offerings have been customized to create more value than just to process the patient. If a patient is regular in his visits, a customized lain can be made. A better payment facility can be curated, which will serve the patient in the best possible manner.

                                  Ease of interoperability using technology tools in the healthcare setup will help the growing geriatric population on different levels

                                  Interoperability refers to the use of data across the domains of clinical setup, regardless of their point of inception. The collected data is transmitted into the cloud, which different population levels across the globe can use. The rising senior population will be one of the drivers for adoption and spending on IT tools. As per the recent data published by WHO, the aging population of the USA will outgrow the younger one by 2036. With rising age, the problems related to cardiovascular diseases are bound to increase. The USA has 34 million who have confirmed type-1 or type-2 diabetes, while 88 million people tend to develop diabetes or are pre-diabetic.

                                  Similarly, in Asia-Pacific senior population has been increasing in mainly all the regions, such as ten countries will be under the category of an “aging country” instead of eight countries. Similarly, 11 countries will be super-aged by 2050, which is just one in 2020. The growing age will supplant problems such as cardiovascular diseases with interoperability and access to medical history across the medical industry. One can get regular access to medication and other necessities. Furthermore, the senior population needs in-house support for most of their activities; adding to diseases in that mix will further propel the growth of IT spending in Clinical Analytics.

                                  Technology Spending on Core Administration in Healthcare Market Challenges

                                  Data breaches and hacking can challenge the growth for developing on cloud premises to provide administrative functions

                                  As per the data published on various resources, phishing attacks have increased by 11% annually, while ransomware has been rising by 6%. In 2020, the healthcare breaches were around 61%, while insiders made 39% of the violations. Approximately 62 violations within the healthcare sector were reported, and 2.5 million patient records were either compromised or exposed to non-agreed parties. Some of the companies whose data were lost owing to a phishing attack on the servers were Total Health Care Inc, Home Medical Equipment Holdco LLC, and River Spring Health Plans. In total, close to 1 million data records were only lost to phishing attacks. Additionally, the point of data breach mainly were servers, that is 36, which is 50% of the total violations. The following shows the vulnerability of on-cloud system dependence.

                                  Technology Spending on Core Administration in Healthcare Market Landscape

                                  The industry believes in adopting strategies such as mergers, acquisitions, and product launches. The top 10 companies operating in the technology spending on core administration in healthcare is-

                                  Health Solution Plus Inc.

                                  ikaSystems Corporation Inc.

                                  HealthEdge Software Inc.

                                  Plexis Healthcare Systems

                                  Trizetto Corporation

                                  DST System Inc.

                                  UPP Technology

                                  Evolent Health,

                                  Visiant Health

                                  Cognizant Inc

                                  Product Launch

                                  In July 2019, Cognizant developed an AI-driven solution to identify drug-seeking behavior amongst the youth. Text analytics and advanced machine learning algorithm is the way that has helped save the company save $60 million, and in turn, has identified close to 85,000 risk patients. It works by encompassing doctor’s notes, which they have entered in the EMR to track to identify the at-risk patient.

                                  Key Takeaways

                                  North America held a dominant share in the industry owing to its robust health infrastructure and various policy adoptions by the government to inculcate technology spending in the core administration of healthcare.

                                  Asia-Pacific shows opportunities to grow at a ramped pace owing to the ready investments by the government and the surge of better medical treatment by the patients.

                                  Cloud-based service shows the utmost potential to grow owing to its advantages over the primate way of managing administrative operations.

                                  The surge of IoT device demand and technological linkage with the cloud will help gain multi-dimensional insights into the core administration function.

                                  Our premium report will provide the strength, weaknesses, opportunities, and threats analysis, along with other components.

                                  Relevant Report

                                  A. Healthcare Outsourcing Market

                                  https://www.industryarc.com/Report/1279/Healthcare-Outsourcing-Market-Analysis-Report.html

                                  B. Population Health Management Market

                                  https://www.industryarc.com/Report/16141/population-health-management-market.html

                                  For more Lifesciences and Healthcare Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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                                  Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

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                                  Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                  Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

                                  March 22, 2023
                                  BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                  BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

                                  March 20, 2023

                                  GITEX Africa Morocco Announces Opportunities for Moroccan Startups – Morocco World News

                                  March 20, 2023

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                                  • Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.
                                  • Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.
                                  • BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East
                                  • GITEX Africa Morocco Announces Opportunities for Moroccan Startups – Morocco World News

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