Medical Billing Outsourcing Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Global Medical Billing Outsourcing Market size was valued at USD 10.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12% from 2022 to 2028. 

The healthcare billing outsourcing industry is witnessing significant growth in the forecast period due to a surge in technologically advanced healthcare infrastructure combined with remote driving to various aspects of healthcare. Medical billing outsourcing is revenue cycle management (RCM), which refers to the process of outsourcing billing and finance-related processes in a hospital or health care institution. RCM contains the most complex and critical components of healthcare IT, where electronic medical records are an important part. Medical billing is a tricky and demanding task for many healthcare professionals and companies that sometimes do not have access to trained personnel to properly perform the task. As a result, hospitals, health care providers, physicians, and clinicians prefer to outsource their medical billing needs to third-party service providers, boosting the health care billing outsourcing industry. The advent of advanced technologies in healthcare IT, saving time, money, and labor costs are some of the factors that have sparked a new trend in which multiple healthcare providers are increasing their preference for outsourcing healthcare claims.

Market Segments

By Component

• In-house
• Outsourced

By Service

• Front End
• Middle End
• Back End

Key Players

• Accretive Health
• Allscripts
• Baruch Business Solutions
• Cerner Corporation
• eClinicalworks
• Experian Information Solutions, Inc.
• GE Healthcare
• Genpact
• HCL
• Kareo

Scope of the Report

The research study analyzes the global Medical Billing Outsourcing industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Medical Billing Outsourcing Market Report

1. What was the Medical Billing Outsourcing Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Medical Billing Outsourcing Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Medical Billing Outsourcing Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.