Medical Billing Outsourcing Market to Witness a Healthy Growth by 2030

According to Precedence Research, during the forecast period of 2020 to 2027, the global medical billing outsourcing market is estimated to develop at a compound annual growth rate (CAGR) of 12.1%. The global medical billing outsourcing market was valued at USD 9.5 billion in 2019, and it is predicted to exceed USD 23.7 billion by 2027. The study investigates several elements and their consequences on the growth of the medical billing outsourcing market.

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Growth Factor

The medical billing outsourcing market is mainly driven by the factors such as rising need to make the medical billing process more efficient, increasing emphasis on compliance & risk management, and efforts to reduce the in-house processing costs.

Report Scope of the Medical Billing Outsourcing Market

Unless a medical practitioner or an office is implementing the services offered by an experienced billing provider, there is a significant chance of revenue loss. In fact, statistics estimates that more than 20% of physician’s revenue is lost because of mistakes and loopholes in the medical billing process. This has prominently spurred the need to transform the process of medical billing into more efficient, in addition, skilled professionals are required for the billing process.

Efficient billing can further reduce the overall cost to the company as well as improvise the benefits. Increasing flow of patientsin the hospitals along with increasing the burden of medical processes that includeinsurance eligibility and records of patient check-inhave created chaos in the point of care, as well as has triggered the need to manage such records. In the sake of improving of the medical billing process, clinicians and other medical practitioners adopt the medical billing outsourcing service to effectively and efficiently manage patients and billings records. Hence, the rising demand for efficient medical billing positively influence the market growth.

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This report focuses on medical billing outsourcing market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall medical billing outsourcing market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Middle East & Africa, Latin America, etc.

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of medical billing outsourcing, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of medical billing outsourcing has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the medical billing outsourcing market.

Some of the prominent players in the medical billing outsourcing market include:

• Allscripts Healthcare Solutions, Inc.
• R1 RCM, Inc.
• Cerner Corporation
• Experian Information Solutions, Inc.
• eClinicalWorks LLC
• GE Healthcare
• Kareo, Inc.
• Genpact
• McKesson Corporation
• Quest Diagnostics

Segments Covered in the Report

By Component

• Outsourced
• In-house

By Service

• Back End
• Middle End
• Front End

By End-User

• Physician Office
• Hospital
• Others

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

Some of the important ones are:

• What can be the best investment choices for venturing into new product and service lines?
• What value propositions should businesses aim at while making new research and development funding?
• Which regulations will be most helpful for stakeholders to boost their supply chain network?
• Which regions might see the demand maturing in certain segments in near future?
• What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
• Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
• Which government regulations might challenge the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key growth areas?
• What are some of the value-grab opportunities in various segments?
• What will be the barrier to entry for new players in the market?

Table of Contents

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Medical Billing Outsourcing Market, By Component

7.1. Medical Billing Outsourcing Market, by Component Type, 2020-2027
7.1.1. Outsourced
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. In-house
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Medical Billing Outsourcing Market, By Service

8.1. Medical Billing Outsourcing Market, by Service, 2020-2027
8.1.1. Back End
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Middle End
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Front End
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Medical Billing Outsourcing Market, By End-User

9.1. Medical Billing Outsourcing Market, by End-User, 2020-2027
9.1.1. Physician Office
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hospital
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Medical Billing Outsourcing Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Component (2016-2027)
10.1.2. Market Revenue and Forecast, by Service (2016-2027)
10.1.3. Market Revenue and Forecast, by End-User (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.1.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.1.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Component (2016-2027)
10.2.2. Market Revenue and Forecast, by Service (2016-2027)
10.2.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.2.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.2.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Component (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Service (2016-2027)
10.2.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Component (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Service (2016-2027)
10.2.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Component (2016-2027)
10.3.2. Market Revenue and Forecast, by Service (2016-2027)
10.3.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.3.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.3.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Component (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Service (2016-2027)
10.3.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Component (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Service (2016-2027)
10.3.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.4.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.4.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Component (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Service (2016-2027)
10.4.6.3. Market Revenue and Forecast, by End-User (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Component (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Service (2016-2027)
10.4.7.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.5.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Component (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Service (2016-2027)
10.5.4.3. Market Revenue and Forecast, by End-User (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Component (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Service (2016-2027)
10.5.5.3. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 11. Company Profiles

11.1. Allscripts Healthcare Solutions, Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. R1 RCM, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Cerner Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Experian Information Solutions, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. eClinicalWorks LLC
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. GE Healthcare
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Kareo, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Genpact
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. McKesson Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Quest Diagnostics
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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