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The medical billing outsourcing market is forecasted to grow byUSD 16.61 billion 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.Speak directly to the analyst to clarify any post sales queries you may have.
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.
The medical billing outsourcing market is segmented as below:
By End-user
- Physician groups and clinics
- Hospitals
By Type
- Medical billing companies
- Freelance
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
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 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 report 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global medical billing outsourcing market: 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..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is government initiatives supporting adoption of medical billing outsourcing services."
According to the report, one of the major drivers for this market is the improvement in healthcare administrative processes.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- WellSky Corp.
