Medical Billing Outsourcing Market Updates, Industry Share and Upcoming Technologies
- sagar joshi
- Jun 4, 2019
- 2 min read
Medical Billing Outsourcing Market Scenario 2019
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.
Various other factors such as rising healthcare expenditure, increasing government support, and technological advancements are also expected to propel the growth of the market.
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However, increasing legislative & regulatory pressure, untapped emerging markets, and high costs of technology can hamper market growth over the forecast period.
Some of the key players in the Global Medical Billing Outsourcing Market 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.
Medical Billing Outsourcing Market Segmentation
The global medical billing outsourcing market is segmented based on product, material type, application, end user, and region.
The global market for medical billing outsourcing, by component, is segmented into outsourced and in-house. The outsourced segment is anticipated to hold the largest market share owing to the rising adoption of medical billing software by hospitals.
Based on service, the market is segmented into front end, middle, and back end. The front-end services, usually, includes preregistration, registration, eligibility, scheduling, pre-authorization, etc. Due to the market saturation, front-end services segment is facing decline.
Based on end user, the market is segmented into hospitals, physician’s office, and others. The hospitals segment is expected to hold the largest market share due to rising cases of diseases.
Intended Audience: Healthcare Providers, Government and Private Laboratories, Research and Development (R&D) Companies, Market Research and Consulting Service Providers
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