Medical Billing Outsourcing - Global Market Review & Outlook (2020-2025) – IMARCGroup.com
According to the latest report by IMARC Group titled, “Medical Billing Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market to grow at a CAGR of around 8% during 2020-2025.
Breakup by Component:
Breakup by End-Use:
View Report TOC, Figures and Tables: https://www.imarcgroup.com/medical-billing-outsourcing-market
Breakup by Region:
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.
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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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Medical billing outsourcing, also known as revenue cycle management (RCM), is a process that aids in managing revenue, increasing the cash flow, and reducing the cost of equipment, software, staff size and employee expenses. It also provides a wide range of services, such as end-to-end patient access, digital order management, central scheduling, pre-registration, patient registration quality assurance, demographic and insurance verification, pre-certification and authorization, medical necessity checking, financial counseling with propensity-to-pay and patient liability estimation. As a result, its demand is rising across the globe.
A significant rise in the number of patients has resulted in increasing medical processes, such as records of patient check-in and insurance eligibility. This is catalyzing the demand for managing high-volume transactions worldwide. Moreover, as medical billing outsourcing assists various clinics and hospitals in efficiently managing the patient and billings records, reducing the cost and ensuring effective handling of in-house billing functions, its demand is escalating around the world. Furthermore, several key vendors are offering RCM with electronic medical records (EMR) for improved patient outcomes, which in turn is expected to create a positive outlook for the market in the coming years.
Request for a sample copy of this report: https://www.imarcgroup.com/medical-billing-outsourcing-market/requestsample
Insights on Market Segmentation:Breakup by Component:
- In-House
- Outsourced
- Front End
- Middle End
- Back End
Breakup by End-Use:
- Hospitals
- Physician Offices
- Others
View Report TOC, Figures and Tables: https://www.imarcgroup.com/medical-billing-outsourcing-market
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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.
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
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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