Medical Billing Outsourcing Market Size, Share Report, Analysis, Trends, Growth, 2032
Medical Billing Outsourcing Market By Component (In-House, Outsourced), By Service (Front End, Middle End, Back End), By End-User (Hospitals, Physician Offices, Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 14.64 Billion | USD 57.86 Billion | 16.5% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Medical Billing Outsourcing Market, 2016-2025 (USD Billion)
- 2.2. Medical Billing Outsourcing Market: Snapshot
- Chapter 3. Medical Billing Outsourcing Market - Industry Analysis
- 3.1. Medical Billing Outsourcing Market: Dynamics
- 3.2. Market Drivers
- 3.2.1. Growing focus on increasing profitability and revenue by the business
- 3.2.2. The federal mandate to implement digital record-keeping by healthcare providers
- 3.2.3. Rapidly changing healthcare regulations
- 3.3. Restraints
- 3.3.1. High threat of data breaching
- 3.4. Opportunity
- 3.4.1. Emerging economies
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by component
- 3.6.2. Market attractiveness analysis by service
- 3.6.3. Market attractiveness analysis by End-User
- 3.6.4. Market attractiveness analysis by region
- Chapter 4. Medical Billing Outsourcing Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global medical billing outsourcing market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New product launches
- 4.2.3. Agreements, partnerships, collaborations, and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Medical Billing Outsourcing Market - Component Analysis
- 5.1. Global medical billing outsourcing market overview: by component
- 5.1.1. Global medical billing outsourcing market share, by component, 2018 and 2025
- 5.2. In-House
- 5.2.1. Global medical billing outsourcing market by in-house, 2016-2025 (USD Billion)
- 5.3. Outsourced
- 5.3.1. Global medical billing outsourcing market by outsourced, 2016-2025 (USD Billion)
- 5.1. Global medical billing outsourcing market overview: by component
- Chapter 6. Global Medical Billing Outsourcing Market - Service Analysis
- 6.1. Global medical billing outsourcing market overview: by service
- 6.1.1. Global medical billing outsourcing market share, by service, 2018 and 2025
- 6.2. Front End
- 6.2.1. Global medical billing outsourcing market by front end, 2016-2025 (USD Billion)
- 6.3. Middle End
- 6.3.1. Global medical billing outsourcing market by middle end, 2016-2025 (USD Billion)
- 6.4. Back End
- 6.4.1. Global medical billing outsourcing market by back end, 2016-2025 (USD Billion)
- 6.1. Global medical billing outsourcing market overview: by service
- Chapter 7. Global Medical Billing Outsourcing Market - End-User Analysis
- 7.1. Global medical billing outsourcing market overview: by End-User
- 7.1.1. Global medical billing outsourcing market share, by End-User, 2018 and 2025
- 7.2. Hospitals
- 7.2.1. Global medical billing outsourcing market by hospitals, 2016-2025 (USD Billion)
- 7.3. Physicians
- 7.3.1. Global medical billing outsourcing market by physicians, 2016-2025 (USD Billion)
- 7.4. Others
- 7.4.1. Global medical billing outsourcing market by others, 2016-2025 (USD Billion)
- 7.1. Global medical billing outsourcing market overview: by End-User
- Chapter 8. Global Medical Billing Outsourcing Market - Regional Analysis
- 8.1. Global medical billing outsourcing market overview: by region
- 8.1.1. Global medical billing outsourcing market share, by region, 2018 and 2025
- 8.2. North America
- 8.2.1. North America medical billing outsourcing market, 2016-2025 (USD Billion)
- 8.2.2. North America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.2.3. North America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.2.4. North America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.2.5. The U.S.
- 8.2.5.1. The U.S. medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.2.5.2. The U.S. medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.2.5.3. The U.S. medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.2.6.2. Rest of North America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.2.6.3. Rest of North America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe medical billing outsourcing market, 2016-2025 (USD Billion)
- 8.3.2. Europe medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.3.3. Europe medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.3.4. Europe medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.5. UK
- 8.3.5.1. U.K. medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.3.5.2. U.K. medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.3.5.3. U.K. medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.6. France
- 8.3.6.1. France medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.3.6.2. France medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.3.6.3. France medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Germany medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.3.7.2. Germany medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.3.7.3. Germany medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3.8. Rest of Europe
- 8.3.8.1. Rest of Europe medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.3.8.2. Rest of Europe medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.3.8.3. Rest of Europe medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific medical billing outsourcing market, 2016-2025 (USD Billion)
- 8.4.2. Asia Pacific medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.4.3. Asia Pacific medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.4.4. Asia Pacific medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.5. China
- 8.4.5.1. China medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.4.5.2. China medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.4.5.3. China medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.6. Japan
- 8.4.6.1. Japan medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.4.6.2. Japan medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.4.6.3. Japan medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.7. India
- 8.4.7.1. India medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.4.7.2. India medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.4.7.3. India medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4.8. Rest of Asia Pacific
- 8.4.8.1. Rest of Asia Pacific medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.4.8.2. Rest of Asia Pacific medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.4.8.3. Rest of Asia Pacific medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America medical billing outsourcing market, 2016-2025 (USD Billion)
- 8.5.2. Latin America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.5.3. Latin America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.5.4. Latin America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.5.5.2. Brazil medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.5.5.3. Brazil medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.5.6.2. Rest of Latin America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.5.6.3. Rest of Latin America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa medical billing outsourcing market, 2016-2025 (USD Billion)
- 8.6.2. The Middle East and Africa medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
- 8.6.3. The Middle East and Africa medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
- 8.6.4. The Middle East and Africa medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.1. Global medical billing outsourcing market overview: by region
- Chapter 9. Company Profiles
- 9.1. McKesson Corporation
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Allscripts
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Genpact
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Cerner Corporation
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. eClinicalWorks
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. Accretive Health
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Developments
- 9.7. GE Healthcare
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. Experian Information Solutions
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Developments
- 9.9. HCL
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Developments
- 9.10. Kareo
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Developments
- 9.11. Quest Diagnostics
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Developments
- 9.12. The SSI Group
- 9.12.1. Overview
- 9.12.2. Financials
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategy
- 9.12.5. Recent Developments
- 9.13 Rely Services Inc
- 9.12.1. Overview
- 9.12.2. Financials
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategy
- 9.12.5. Recent Developments
- 9.1. McKesson Corporation
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global medical billing outsourcing market, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global medical billing outsourcing market attractiveness, by component
6. Global medical billing outsourcing market attractiveness, by service
7. Global medical billing outsourcing market attractiveness, by End-User
8. Global medical billing outsourcing market share, by component, 2018 and 2025
9. Global medical billing outsourcing market by in-house, 2016–2025 (USD Billion)
10. Global medical billing outsourcing market by outsourced,2016–2025 (USD Billion)
11. Global medical billing outsourcing market share, by service, 2018 and 2025
12. Global medical billing outsourcing market by front end, 2016–2025 (USD Billion)
13. Global medical billing outsourcing market by middle end, 2016–2025 (USD Billion)
14. Global medical billing outsourcing market by back end, 2016–2025 (USD Billion)
15. Global medical billing outsourcing market share, by End-User, 2018 and 2025
16. Global medical billing outsourcing market by hospitals, 2016–2025 (USD Billion)
17. Global medical billing outsourcing market by physician offices, 2016–2025 (USD Billion)
18. Global medical billing outsourcing market by others, 2016–2025 (USD Billion)
19. Global medical billing outsourcing market share, by region, 2018 and 2025
20. North America medical billing outsourcing market, 2016–2025 (USD Billion)
21. Europe medical billing outsourcing market, 2016–2025 (USD Billion)
22. Asia Pacific medical billing outsourcing market, 2016–2025 (USD Billion)
23. Latin America medical billing outsourcing market, 2016–2025 (USD Billion)
24. The Middle East and Africa medical billing outsourcing market, 2016–2025 (USD Billion)
Table Of Tables
List of Tables
1. Global medical billing outsourcing market: snapshot
2. Drivers of the medical billing outsourcing market: impact analysis
3. Restraints of the medical billing outsourcing market: impact analysis
4. North America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
5. North America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
6. North America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
7. The U.S. medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
8. The U.S. medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
9. The U.S. medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
10. Rest of North America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
11. Rest of North America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
12. Rest of North America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
13. Europe medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
14. Europe medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
15. Europe medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
16. U.K. medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
17. U.K. medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
18. U.K. medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
19. France medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
20. France medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
21. France medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
22. Germany medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
23. Germany medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
24. Germany medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
25. Rest of Europe medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
26. Rest of Europe medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
27. Rest of Europe medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
28. Asia Pacific medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
29. Asia Pacific medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
30. Asia Pacific medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
31. China medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
32. China medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
33. China medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
34. Japan medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
35. Japan medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
36. Japan medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
37. India medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
38. India medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
39. India medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
40. Rest of Asia Pacific medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
41. Rest of Asia Pacific medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
42. Rest of Asia Pacific medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
43. Latin America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
44. Latin America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
45. Latin America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
46. Brazil medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
47. Brazil medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
48. Brazil medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
49. Rest of Latin America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
50. Rest of Latin America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
51. Rest of Latin America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
52. The Middle East and Africa medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
53. The Middle East and Africa medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
54. The Middle East and Africa medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
Medical billing outsourcing involves hospitals, clinics, and healthcare providers outsourcing their billing and revenue cycle management to specialized organizations. Outsourcing firms like medical billing companies or revenue cycle management companies handle coding, claim submission, denied claim follow-up, payment posting, and patient invoicing.
Medical billing outsourcing lets healthcare providers take use of experts who know how to handle complex medical billing and insurance claims. This lets healthcare organizations focus on patient care while skilled personnel handle billing and revenue collection. Outsourcing can streamline operations, enhance coding and billing accuracy, speed up claim processing, and increase revenue recovery, improving healthcare providers' finances.
The rising geographical reach of major companies through partnerships and mergers and acquisitions are boosting the medical billing outsourcing market in the upcoming years.
The global Medical Billing Outsourcing Market size was valued at USD 14.64 Billion in 2023 and is predicted to reach USD 57.86 Billion by the end of 2032. The market is expected to grow with a CAGR of 16.5% during the forecast period.
North America dominated the medical billing outsourcing market in 2018, owing to high awareness about healthcare IT outsourcing services and the regional presence of prominent market players.
Some key players in the medical billing outsourcing market are McKesson Corporation, Allscripts, Genpact, Cerner Corporation, eClinicalWorks, Accretive Health, GE Healthcare, Experian Information Solutions, Rely Services Inc., HCL, Kareo, Quest Diagnostics, and The SSI Group.
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