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*As the coronavirus disease (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 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global medical billing outsourcing market is currently witnessing moderate growth. Medical billing outsourcing, or revenue cycle management (RCM), refers to the process of outsourcing billing and finance-related processes by a hospital or healthcare institution. It involves the utilization of a third-party software application to process bills, file and follow up on medical insurance claims and obtain accurate payments for the services rendered. This aids in streamlining the complex collection processes, improving revenue generation, enhancing operational efficiencies and minimizing administrative workload. In comparison to in-house billing solutions, it is more cost-effective, transparent, and consistent and can assist in effectively managing hospital staff and other operations.

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 tourism 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. Looking forward, IMARC Group expects the global medical billing outsourcing market to continue its moderate growth during 2020-2025.


Breakup by Type:

  • In-House
  • Outsourced
     

Breakup by Service:

  • Front End
  • Middle End
  • Back End
     

Breakup by End-Use:

  • Hospitals
  • Physician Offices
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Accretive Health (R1 RCM Inc.), Allscripts, Cerner Corporation, EClinicalWorks, Experian Information Solutions Inc., GE Healthcare, Genpact, HCL Technologies, Kareo, McKesson Corporation, Quest Diagnostics, etc.

Key Questions Answered in This Report:

  • 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 has been the impact of COVID-19 on the global medical billing outsourcing market?
  • What is the breakup of the market based on the type?
  • 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?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Medical Billing Outsourcing Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    In-House
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Outsourced
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Service
    7.1    Front End
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Middle End
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Back End
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End-Use
    8.1    Hospitals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Physician Offices
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    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 (R1 RCM Inc.)
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Allscripts
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Cerner Corporation
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    EClinicalWorks
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Experian Information Solutions Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
        13.3.6    GE Healthcare
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    Genpact
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    HCL Technologies
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Kareo
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
        13.3.10    McKesson Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    Quest Diagnostics
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio 
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Medical Billing Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Medical Billing Outsourcing Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Medical Billing Outsourcing Market: Breakup by Type (in %), 2019
Figure 4: Global: Medical Billing Outsourcing Market: Breakup by Service (in %), 2019
Figure 5: Global: Medical Billing Outsourcing Market: Breakup by End-Use (in %), 2019
Figure 6: Global: Medical Billing Outsourcing Market: Breakup by Region (in %), 2019
Figure 7: Global: Medical Billing Outsourcing Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Medical Billing Outsourcing (In-House) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Medical Billing Outsourcing (In-House) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Medical Billing Outsourcing (Outsourced) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Medical Billing Outsourcing (Outsourced) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Medical Billing Outsourcing (Front End) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Medical Billing Outsourcing (Front End) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Medical Billing Outsourcing (Middle End) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Medical Billing Outsourcing (Middle End) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Medical Billing Outsourcing (Back End) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Medical Billing Outsourcing (Back End) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Medical Billing Outsourcing (Hospitals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Medical Billing Outsourcing (Hospitals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Medical Billing Outsourcing (Physician Offices) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Medical Billing Outsourcing (Physician Offices) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Medical Billing Outsourcing (Other End-Uses) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Medical Billing Outsourcing (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: North America: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: North America: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: United States: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: United States: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Canada: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Canada: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Asia Pacific: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Asia Pacific: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: China: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: China: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Japan: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Japan: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: India: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: India: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: South Korea: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: South Korea: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Australia: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Australia: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Indonesia: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Indonesia: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Others: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Others: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Europe: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Europe: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Germany: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Germany: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: France: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: France: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: United Kingdom: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: United Kingdom: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Italy: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Italy: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Spain: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Spain: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Russia: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Russia: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Others: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Others: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Latin America: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Latin America: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Brazil: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Brazil: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Mexico: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Mexico: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Others: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Others: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Middle East and Africa: Medical Billing Outsourcing Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Middle East and Africa: Medical Billing Outsourcing Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Global: Medical Billing Outsourcing Industry: SWOT Analysis
Figure 73: Global: Medical Billing Outsourcing Industry: Value Chain Analysis
Figure 74: Global: Medical Billing Outsourcing Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Medical Billing Outsourcing Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Medical Billing Outsourcing Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Medical Billing Outsourcing Market Forecast: Breakup by Service (in Million US$), 2020-2025
Table 4: Global: Medical Billing Outsourcing Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 5: Global: Medical Billing Outsourcing Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Medical Billing Outsourcing Market: Competitive Structure
Table 7: Global: Medical Billing Outsourcing Market: Key Players 

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