Global Medical Billing Outsourcing Market 2024-2028
The medical billing outsourcing market is forecasted to grow by USD 16611.1 mn during 2023-2028, accelerating at a CAGR of 18.52% during the forecast period. The report on the medical billing outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improvement in healthcare administrative processes, emergence of healthcare analytics, and growing awareness about cybersecurity.
Technavio's medical billing outsourcing market is segmented as below:
ByEnd-user
- Physician groups and clinics
- Hospitals
ByType
- Medical billing companies
- Freelance
ByGeography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the government initiatives supporting adoption of medical billing outsourcing services as one of the prime reasons driving the medical billing outsourcing market growth during the next few years. Also, growing consolidation in healthcare industry and adoption of cloud-based systems will lead to sizable demand in the market.
The report on the medical billing outsourcing market covers the following areas:
- Medical billing outsourcing market sizing
- Medical billing outsourcing market forecast
- Medical billing outsourcing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical billing outsourcing market vendors that include 5 Star Billing Service Inc., AdvancedMD Inc., athenahealth Inc., Change Healthcare Inc., Cognizant Technology Solutions Corp., eClinicalWorks LLC, eMDs Inc., Epic Systems Corp., Experian Plc, Genpact Ltd., HCL Technologies Ltd., Kareo Inc., McKesson Corp., Medical Information Technology Inc., Oracle Corp., Quest Diagnostics Inc., R1 RCM Inc., The SSI Group LLC, Veradigm LLC, Veritas Capital Fund Management L L C, and WellSky Corp.. Also, the medical billing outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.