Japan Healthcare Claims Management Market Analysis

Japan Healthcare Claims Management Market Analysis


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The Japan healthcare claims management market is projected to grow from $1.66 Bn in 2022 to $9.22 Bn by 2030, registering a CAGR of 12.2% during the forecast period of 2022 - 2030. The main factors driving the growth would be the ageing population, government initiatives, technological advancements and increasing healthcare expenditure. The market is segmented by component, by type, delivery mode and end-user. Some of the major players include NTT Data, iChain, Cognizant, Accenture and Genpact.

ID: IN10JPHS006 CATEGORY: Healthcare Services GEOGRAPHY: Japan AUTHOR: Neha Davda

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Japan Healthcare Claims Management Market Executive Summary

The Japan healthcare claims management market is projected to grow from $1.66 Bn in 2022 to $9.22 Bn by 2030, registering a CAGR of 12.2% during the forecast period of 2022 - 2030. In Japan, healthcare costs rose from $4,256 to $4,360 per person in 2018, while they fell from 10.75% to 10.74% of GDP in 2019. Japan spends more on healthcare than other industrialised countries in the globe as a whole.

The procedure of processing and managing claims for medical services rendered to patients is referred to as healthcare claim management in the Japanese market. The Japanese government has implemented a number of laws and regulations to enhance the procedure after realising the value of effective healthcare claim management. For instance, to standardise the billing and reimbursement process for medical services, the government has introduced the Diagnosis Procedure Combination (DPC) system. Success has been achieved by the DPC system in lowering the administrative burden on healthcare providers and enhancing the precision and effectiveness of the claim management procedure.

 In Japan, medical institutions report health insurance claims data to health insurance unions in order to claim insurance-covered treatment charges. Each patient receives one monthly health insurance claim. Medical costs are specifically stated in relation to the medical services rendered and are also covered by health insurance claims. The vast majority of health insurance claims, particular health examinations, specific health guidance data, etc. of all inhabitants are gathered in the NDB, a national database. Based on the "Act on Guarantee of Medical Care for Older Persons," which was put into effect in April 2008, NDB was created to carry out the surveys and analyses required for creating, carrying out, and evaluating a medical expenses optimization plan.

Japan Healthcare Claims Management Market

Market Dynamics

Market Growth Drivers

The Japanese healthcare claims management market is expected to be driven by factors such as:

  1. Aging population- With a median age of 48, the population of Japan is among the oldest in the world. As a result, there is now a higher demand for healthcare services, which has raised the number of medical claims. As healthcare providers look for more effective and efficient ways to handle the rising number of claims, the market for healthcare claims management is anticipated to expand
  2. Government initiatives- The Japanese government has launched many programmes, such as DPC, to improve the efficiency of the healthcare claims management process. The government has implemented the electronic health record (EHR) system, which has simplified the claims management procedure by facilitating easier access to patient data by healthcare professionals
  3. Technological advancements- Technological developments, such as the processing of claims using artificial intelligence (AI) and machine learning (ML), are driving the healthcare claims management market in Japan. These technologies are improved patient outcomes while lowering an administrative load and enhancing the accuracy and efficiency of the claims management process
  4. Increasing healthcare expenditure- The ageing population in Japan is likely to contribute to one of the highest healthcare expenses worldwide. As healthcare providers look to manage their claims more effectively and economically, rising healthcare costs are fueling the market for healthcare claims management

Market Restraints

The following factors are expected to limit the growth of the healthcare claims management market in Japan:

  1. Complex regulatory environment- Healthcare providers and software vendors may find it difficult to navigate the heavily regulated healthcare environment in Japan. This may restrict the uptake of new technology and hinder the market's expansion for healthcare claims management
  2. High implementation costs- For healthcare providers, implementing new claims management software and technology can be expensive. This may restrict the uptake of innovative technology and hinder commercial expansion
  3. Limited interoperability- It can be difficult to integrate new claims management technology with current systems in Japan because there is still a lack of interoperability across various healthcare IT systems. This may restrict the uptake of innovative technology and hinder commercial expansion

Competitive Landscape

Key Players

  • NTT Data (JPN)- provides claim processing services that advance through application modernization. Provide established workflows for common claim processes together with a thorough list of KPIs for both the overall process and each individual subprocess. Secondly, our process optimization services assist you in lowering costs, enhancing transactions, and reducing risk using open, architecture-neutral solutions that are independent of the platform. This comprises an online claims portal with first notice of loss and claims progress tracking, a process library of efficient claim procedures with established workflows, and thorough testing of claim functionality for all product lines
  • iChain (JPN)- Japanese leading InsurTech firm iChain is situated in Tokyo and innovates the insurance sector using Blockchain technology. With the help of a smartphone, people can now manage their insurance policies digitally instead of on paper. With the motto "Making the world a better place," iChain realises the importance of making insurance claims without hesitation
  • Cognizant- a multinational business that provides operational, digital, and technical assistance, as well as tools for processing medical claims. The cloud, IoT, AI, and software engineering are the main technological topics that are revolutionising business
  • Accenture- a multinational professional services firm that offers clients in Italy and other nations services for managing medical claims. Customer support, fraud and abuse detection, analytics and reporting, as well as claims processing and management, are all included in Accenture's healthcare management services
  • Genpact- segmentation, fast-track claims, and claims setup are all managed by the comprehensive claims servicing platform genpact claims manager

Notable News

October 2022- The NelsonHall 2022 NEAT Report for Salesforce Services has selected NTT DATA, a leader in global digital business and IT services, a Leader. For two market sectors, including total Salesforce services and services linked to Salesforce's MuleSoft integration and API platform, the report positioned NTT DATA in the Leaders quadrant.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Healthcare Claims Management Market Segmentation

By Component (Revenue, USD Billion):

Further breakdown of the software and services segment of the healthcare claims management market

  • Software
  • Services

By Type (Revenue, USD Billion):

Although they have nothing to do with it, skills unrelated to patient care are equally crucial for any healthcare organization that wants to stay in business. Among these are managing intricate insurance regulations, comprehending best practices for data collection, and analyzing data to identify areas for development. For the above reasons, providers are constantly looking for methods to improve claim administration and medical billing systems. Setting up an integrated billing and claims processing system is one approach to accomplish this, which has a number of benefits.

  • Integrated Solutions
  • Standalone Solutions

By Delivery Mode (Revenue, USD Billion):

  • On-Premise
  • Cloud-Based

By End User (Revenue, USD Billion):

  • Healthcare Payers
  • Healthcare Providers
  • Other End Users

Healthcare payers in this market are anticipated to rise quickly over the course of the projection period because of the installation of strict regulatory requirements, a lack of experienced personnel internally for claims processing, rising healthcare expenditures, and fraud associated with those charges. Payers have also assisted healthcare providers by creating a web-based and cloud-based interface that helps them manage medical billing and associated claims and offers accurate and timely information about the epidemic.

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

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  • Establishing market drivers and trends
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  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 23 March 2023
Updated by: Shivam Zalke

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