According to the latest report by IMARC Group, titled, ” Medical Billing Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” The global medical billing outsourcing market size reached US$ 8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.8 Billion by 2027, exhibiting a CAGR of 12.5% during 2022-2027.
Medical billing outsourcing refers to a process of outsourcing billing by a company or any healthcare institution. It enhances the health of the patients by providing quality care and managing hospital staff and other operations effectively. It assists in reducing billing errors while ensuring accuracy with the timely submission of work. It saves money, accelerates cash flow, and improves patient satisfaction. As it aids in faster insurance payments and enhances transparency, medical billing outsourcing is widely utilized in hospitals and clinics across the globe.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/medical-billing-outsourcing-market/requestsample
Global Medical Billing Outsourcing Market Trends and Drivers:
At present, the rising utilization of medical billing outsourcing due to the emergence of information technology (IT) resources in the healthcare business represents one of the primary factors strengthening the market growth. Besides this, the escalating demand for medical billing outsourcing due to the increasing number of patients, along with the growing need to maintain records and bills efficiently, is offering a positive market outlook. Apart from this, the rising compulsion and regulation to digitally keep the records of patients in the healthcare industry is propelling the market growth. Moreover, the increasing investment in healthcare infrastructure by governing agencies of several countries is bolstering the growth of the market. Furthermore, the rising awareness among the masses about the benefits of medical billing outsourcing to minimize errors is contributing to the market growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Accretive Health (R1 RCM Inc.)
- Allscripts
- Cerner Corporation
- EClinicalWorks
- Experian Information Solutions Inc.
- GE Healthcare
- Genpact
- HCL Technologies
- Kareo
- McKesson Corporation
- Quest Diagnostics, etc.
Medical Billing Outsourcing Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on type, service and end-use.
Market Breakup by Type:
- In-House
- Outsourced
Market Breakup by Service:
- Front End
- Middle End
- Back End
Market Breakup by End-Use:
- Hospitals
- Physician Offices
- Others
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/medical-billing-outsourcing-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800
