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United States (USA) Emergency Medical Services Billing Software Market Research Report

09-27-2019 09:07 AM CET | Health & Medicine

Press release from: Trusted Business Insights

Trusted Business Insights presents the Latest Study on (USA) Emergency Medical Services Billing Software Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

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Abstract, Snapshot, Market Analysis & Market Definition: (USA) Emergency Medical Services Billing Software Market

The U.S. emergency medical services billing software market size was valued at USD 164.5 million in 2018 and is projected to expand at a CAGR of 8.40% over the forecast period. Improving the collection rate of unpaid bills and a reduction in claim processing time leading to increased revenue for emergency medical services (EMS) providers have resulted in a high demand for EMS billing software among billing companies and EMS providers.
Due to the changing healthcare system scenario in the U.S., EMS agencies face challenges in managing adequate patient care along with their financials. Billing and reimbursement are crucial processes of an EMS operation. The complex process from prebilling verification to billing to reimbursement takes time and resources. To maintain a strong cash flow for each month, third-party billing companies and EMS providers use EMS billing software.

Moreover, changing regulations for Medicare and Medicaid make the claims process tedious for EMS providers, impacting the overall revenue of the company. Health Insurance Portability and Accountability Act (HIPAA) and NEMSIS compliant software available in the market have transformed the EMS billing process by making it reliable and efficient by reducing errors and claim processing time.
Key companies operating in the U.S. EMS billing software market are focused on developing advanced products to cater to the changing consumer demand and regulatory scenario. They engage in strategic partnerships with significant participants. This factor is anticipated to positively influence growth in the market in the forthcoming years.

Market Segmentation, Outlook & Viewpoint: (USA) Emergency Medical Services Billing Software Market

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For this study, Grand View Research has segmented the U.S. emergency Medical Services billing software market report based on component and type:

Component Outlook (Revenue, USD Million, 2015 - 2026)



Type Outlook (Revenue, USD Million, 2015 - 2026)

Land Ambulance Services

Air Ambulance Services

Water Ambulance Services

Key Players, Recent Developments & Regional Insights: (USA) Emergency Medical Services Billing Software Market

Land ambulance, air ambulance, and water ambulance services are the key type segments. The land ambulance led the U.S. EMS billing software market in 2018 due to faster response time for transporting patients suffering from cardiac arrest or accidental emergency cases. Private ambulance services agencies such as American Medical Response which has a presence across the nation with more than 6,000 land ambulances and 12 fixed-wing aircraft are gaining a monopoly in the market. However, these agencies face challenges in managing the billing process and recovering the claims from privately insured or Medicaid patients. Billing software specially developed for EMS providers and billing companies is significantly improving the collection leading to increase revenue for the providers.

Air ambulance also has a substantial share in the market. With increases in the rate of natural disasters such as cyclones and tornadoes, demand for air ambulance services has increased for immediate medical transportation. This is anticipated to propel its market share over the forecast period.
U.S. Emergency Medical Services Billing Software Market Share Insights
Strategic partnerships and acquisitions are the major business strategies undertaken by the key market players to improve their product offerings and increase market share. For instance, in April 2019, ESO acquired eCore Software to expand its product portfolio. The acquisition of eCore Software is anticipated to aid ESO in developing a one-stop solution for EMS agencies and the fire department. The rising presence of healthcare IT companies in the EMS industry is increasing competition in the market forcing software developers to offer advanced and innovative products to sustain the market share.
Some of the key contributors are Digitech Computer, Inc.; R1 RCM, Inc.; Zoll Medical Corporation; ImagineSoftware; Change Healthcare; AIM (RAM Software Systems, Inc.); ESO; and MP Cloud Technologies.

Key Insights Covered: Global (USA) Emergency Medical Services Billing Software Market
1. Market size (sales, revenue, and growth rate) of (USA) Emergency Medical Services Billing Software Industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate, and gross margin) of (USA) Emergency Medical Services Billing Software Industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of (USA) Emergency Medical Services Billing Software Industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of (USA) Emergency Medical Services Billing Software Industry.

Research Methodology: (USA) Emergency Medical Services Billing Software Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

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Trusted Business Insights
Shelly Arnold
Media & Marketing Executive
US: +1 646 568 9797
UK: +44 330 808 0580

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