Press release
Medical Billing Market Competitive Assessment by Cognizant Technology Solutions (US), GeBBS Healthcare (US), Genpact (US), HCL Technologies (India), INFINIT Healthcare and others
Medical Billing Market
Medical billing is payment practice which involves receiving payments, submitting bills and following up for payments. Factors that influence the growth of medical billing are, increasing expenditure in healthcare, increasing use of internet, increased need for risk and compliance management, increasing digitalization in healthcare industry and many more. Increasing use of Information technology in maximum sectors will also boost the growth of this market. Increasing patient population due to various diseases, payment process involved in medical billing will be more efficient which in turn will boost the growth of the market and medical billing improves cash flow resulting increase in the growth of the market. On the other hand, privacy concerns are the major factor which may hinder the growth of the market. The global medical billing market is expected to grow at a CAGR of 6.5% during forecasted period 2017-2023.
Top 10 Key Players for Medical Billing Market:
Accenture (US), TCS (India), AGS Health (India), Cognizant Technology Solutions (US), GeBBS Healthcare (US), Genpact (US), HCL Technologies (India), INFINIT Healthcare, Medusind (India) and others.
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Top Medical Billing Industry Segments:
The market for Medical Billing is segmented by application by process and its various sub-segments; by application include Database Management, Financial, Infrastructure, Operational and others. Whereas by Process it includes Electronic billing, Payment and Medical billing services.
Global Medical Billing Market - Regional Analysis:
The Global Medical Billing Market is segmented on the basis of regions, into North America, Europe, Asia-Pacific, and the Middle East & Africa. North America accounts for the largest market share of the Global Medical Billing Market by region in 2016. High per capita healthcare expenditures followed by increasing global burden of the diseases and presence of the developed healthcare sector are the major drivers for the market growth during the forecast period. Following the similar trends, Europe holds the second largest market. Asia pacific is estimated to be the fastest growing region in the presence of the developing economies like India and China. Moreover, rapidly growing information technology fuels the market within the region. However, the Middle East and Africa region holds the least share of the global market, especially due to the presence of the poor economies and stringent government policies within the African region. In the Middle East & African region, the Middle East holds the largest market share.
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Medical Billing Market Table of Content:
1 Report Prologue
2 Market Introduction
2.1 Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
4.1 Drivers
4.2 Restraints
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
TOC Continued…!
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