DUBLIN--(BUSINESS WIRE)--The "Medical Billing Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global medical billing outsourcing market is currently witnessing strong growth. Looking forward, the market is projected to grow at a CAGR of around 8% during 2020-2025.
Complexities in managing reimbursements and claims and the consequent need for simplifying the process is one of the key factors driving the market growth. The medical and healthcare industry is increasingly adopting automated solutions for various operations with the aim to enhance in-house workflow and offer a seamless experience to patients.
In line with this, widespread adoption of front-end outsourced medical billing solutions, which primarily include end-to-end patient access, digital order management, central scheduling, quality assurance and patient registration, is providing a boost to the market growth.
The implementation of government regulations to employ digital record-keeping solutions is another major growth-inducing factor. Various hospitals, clinics, and healthcare centers are utilizing these solutions for efficient record-keeping of medical bills and risk management against unforeseen circumstances.
Other factors, including improvements in healthcare infrastructure, increasing integration of cloud-based services and the Internet of Things (IoT) with the existing technologies and extensive research and development (R&D) activities, are projected to drive the market in the upcoming years.
The competitive landscape of the industry has also been examined with some of the key players being Accretive Health, Allscripts, Cerner Corporation, EClinicalWorks, Experian Information Solutions Inc., GE Healthcare, Genpact, HCL Technologies, Kareo, McKesson Corporation, Quest Diagnostics, R1 RCM Inc., Ltd.
Key Questions Answered
- How has the global medical billing outsourcing market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the end-use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical billing outsourcing market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Medical Billing Outsourcing Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Component
7 Market Breakup by Service
7.1 Front End
7.2 Middle End
7.3 Back End
8 Market Breakup by End-use
8.2 Physician Offices
9 Market Breakup by Region
9.1 North America
9.4 Latin America
9.5 Middle East & Africa
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Accretive Health
13.3.3 Cerner Corporation
13.3.5 Experian Information Solutions Inc.
13.3.6 GE Healthcare
13.3.8 HCL Technologies
13.3.10 McKesson Corporation
13.3.11 Quest Diagnostics
13.3.12 R1 RCM Inc.
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