29 Mar IMAT Solutions at Forefront of Payer Services Market – Payer Growth Expected to Hit $118.2 Billion by 2027

With U.S. healthcare payer executives under pressure to deliver technology and analytics-enabled business capabilities for better health value, it’s no surprise that the expected growth in the payer services market is tremendous.

According to a recent study from Markets and Markets, the payer services market – which includes data analytics, digital health and care management – is expected to grow to $118.2 billion by 2027. The report also states the sector was worth $69.9 billion in 2022.
Increasing health insurance enrollments, new federal mandates, and rising cases of chronic disease are all driving factors for this growth.

IMAT Solutions is poised to help health payers meet all of these needs with its IMAT Flexible Payer Solution, a one-stop solution that helps payers boost revenue, achieve compliance and enhance member care.

For example, the DaaS offering can help payers boost their Medicare Advantage Star Ratings, along with enhanced Healthcare Effectiveness Data and Information Set (HEDIS) reporting because of its Validated Data Stream designation in the new NCQA Data Aggregator Validation (DAV) program.

The DaaS offering also provides high-quality aggregated clinical data delivered in a more-timely basis through standard integrations. This capability enhances overall member care, reduces readmission rates, and increases disease management program eligibility.

In addition, Gartner recently stated that payers should prioritize and implement Clinical Data Integration (CDI) capabilities “by evaluating business objectives that take into consideration risk adjustment, quality measurement, and overall member management.”

IMAT Solutions helps to meet all of these business objectives and is continually highlighted by Gartner as a key solution provider who can help payers achieve effective CDI at scale.

As health payers prioritize IT modernization in ways that meet compliance mandates and also boost business performance and member care, the ability to more-effectively leverage clinical data will be vital.

Want to learn more about the IMAT DaaS solution? Check out our new explainer video for more insights. In addition, contact us to learn more about the IMAT Flexible Payer for health payers.