Medical Billing Market by Top Vendors by Accenture, TCS, Cognizant Technology Solutions, GeBBS Healthcare, Genpact, HCL Technologies & Forecasts Till 2027

The Global Medical Billing Market is expected to grow at a CAGR of 6.5% during forecasted period 2017-2023.

Market Highlights

Medical Billing is one of the most effective ways of keeping records and history of the patient. Increasing use of internet and more and more information going online is creating an easy way for medical billing. Increasing small and mid-sized healthcare firms will directly increase the growth of the market. Educating and creating initiatives for digitalization in medical billing results in the increase in the growth of the market. Initial cost of billing software is low, which will also contribute to the growth of the market. Increasing demand for IT departments in healthcare industry will increase the growth of the market. Although, data accessibility through online platforms may hinder the growth of the market.

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Segmentation:

Global Medical Billing Market is segmented by its type, by applications and by basis of process. On the basis of type, it is segmented in to professional billing and institutional billing. On the basis of applications, it is segmented into database management, financial, infrastructure, operational. And on the basis of process, it is segmented into electronic billing, payment and medical billing services

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.

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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This release was published on openPR.