Global Medical Billing Outsourcing Market is anticipated to reach USD 16.9 billion by 2024 due to the rising technological innovation in healthcare services. Medical billing outsourcing is a business process adopted by hospitals, nursing homes and healthcare providers to acquire healthcare related services via outsourcing. It improves the cash collection and flows to reduce the cost and labor problems. Medical billing outsourcing saves high software costs and equipment due to rapid technological advancements. It focuses on improved patient care instead of billing.

Medical billing outsourcing market is majorly driven by the rise in geriatric population worldwide that demands efficient healthcare services. This is attributed to the developed economies that comprises higher percentage of elderly population. Moreover, improving healthcare expenditure in these regions is propelling the demand for better outsourcing healthcare services, which ultimately drives medical billing outsourcing industry. The market is also affected by the increasing adoption of medical billing outsourcing services by medical settings and practices.

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However, medical billing outsourcing market is restrained by the risk of market reaching its potential due to constant changing medical regulations and significant rate of technology. Currently, the market is witnessing high growth in adoption of outsourcing services by the physicians and hospitals.

Medical billing outsourcing industry is categorized on the basis of services, component, end user and geography. On the basis of services, the market is divided into front end, middle and backend. RCM outsourcing allow physicians to enhance their practice and offer best patient care. Hence, front end services segment is expected to hold larger market share of medical billing outsourcing since it comprises major RCM outsourcing functions.

Based on component, medical billing outsourcing market is divided into outsourced and in-house. Outsourced segment is predicted to lead the market of medical billing outsourcing due to its cost efficiency and works best for small and medium practices. In terms of end user, medical billing outsourcing industry is split into physician offices, hospitals and others. Hospital segment is anticipated to grow significantly in the coming years owing to high adoption of outsourcing services as compared to others.

Geographically, medical billing outsourcing market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is expected to dominate the market of medical billing outsourcing owing to physicians’ inclination towards outsourcing systems for efficient billing services.

The prominent players in medical billing outsourcing industry comprise Accretive Health, HCL, Allscripts, EClinical Works, Experian Information Solutions Inc., Genpact, The SSI Groups Inc, Cerner Corporation, Kareo, GE Healthcare, Quest Diagnostics and McKesson Corporation.

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Market Segment:

Component Outlook (Revenue, USD Million, 2013 - 2024)
• In-House
• Outsourced

Service Outlook (Revenue, USD Million, 2013 - 2024)
• Front End
• Middle End
• Back End

End User Outlook (Revenue, USD Million, 2013 - 2024)
• Hospitals
• Physician Offices
• Others

Regional Outlook (Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• India
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

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The Global Medical Billing Outsourcing Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 6982 million in 2017 and is projected to register a CAGR of 12.5% over the forecast period.

The growing emphasis on compliance and risk management and global expansion of some of the key players are some of the key factors driving the medical billing outsourcing market. In 2016, Allscripts acquired Core Medical Solutions, to increase its offerings in Australia. Allscripts currently supports more than 85 hospitals throughout Australia.

Global Medical Billing Outsourcing Market Insights 2020 provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Serotonin Supplements Market.

Some of the key players operating for the global market analysis are R1 RCM Inc., Allscripts, Cerner Corporation, EClinical Works, Experian Information Solutions Inc., GENERAL ELECTRIC COMPANY, Genpact, HCL Technologies Limited, Kareo, Inc., McKesson Corporation, Quest Diagnostics Incorporated, The SSI Groups Inc, and others.

 Global Medical Billing Outsourcing Market Research Coverage:

1. Changing market dynamics of the industry
2. To get a comprehensive overview of the Medical Billing Outsourcing Market.
3. Historical, current and projected market size in terms of volume and value
4. In-depth market segmentation
5. Competitive landscape

Chapters Included for This Market Study: -

Chapter 1: to describe the Market Introduction, product scope, market overview, market opportunities, market risk, market driving force.

Chapter 2: to analyze the top manufacturers with sales, revenue, and price.

Chapter 3: to display the competitive situation among the top manufacturers, with sales, revenue and market share in Forecasted Time.

Chapter 4: to show the Global Market by regions, with sales, revenue and market share for each region, during the forecast period.

Chapter 5, 6, 7, 8 and 9: to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10: to show the market by type and application, with sales market share and growth rate by type, application, Methodology, Analyst Introduction, Data Source By MRFR

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This report focuses on the global Medical Billing Outsourcing Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Billing Outsourcing Market development in United States, Europe and China.

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

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