United States Medical Billing Market to hit US$14.90 billion by 2033 | Top Companies are 3Gen Consulting, Nimble, Tebra, Plutus Health, e-Care India Pvt Ltd

global medical billing market reached US$ 109.94 billion in 2023, with a rise of US$ 122.21 billion in 2024, and is expected to reach US$ 339.31 billion by 2033, growing at a CAGR of 12.1% during the forecast period 2025-2033.

United States Medical Billing Market size in 2024: USD 5.90 B and projection to USD 14.90 B by 2032 with a CAGR 12.5% (2025-2032).

Japan Medical Billing Market size in 2024: USD 0.74 B and projection to USD 2.60 B by 2032 with a CAGR 16.3% (2025-2032).

✅ October 2025: Major healthcare providers adopted AI-driven medical billing platforms to reduce claim denials and speed up reimbursement cycles.
✅ September 2025: CMS introduced updated billing guidelines focusing on interoperability and electronic claim submission efficiency.
✅ August 2025: Private insurers partnered with tech companies to integrate automated coding tools for minimizing billing errors.

Japan: Recent Industry Developments
✅ October 2025: Japan's health systems implemented cloud-based billing systems to streamline administrative workflows.
✅ September 2025: Several hospitals adopted AI-powered coding tools to improve accuracy in medical claims processing.
✅ August 2025: Collaborative initiatives across healthcare IT firms accelerated the modernization of billing and revenue cycle management platforms.

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Latest M&A Activity

Francisco Partners completed the $4.1 billion acquisition of CloudMed, expanding its healthcare revenue cycle management (RCM) capabilities with technology-driven medical billing solutions.​

Francisco Partners also acquired AdvancedMD for $1.1 billion to strengthen cloud-based billing and practice management offerings.​

Petal Solutions acquired Medcom Billing Systems, enhancing automation and workflow optimization for medical billing services.​

Elevate Patient Financial Solutions acquired NYX Health Eligibility Services to augment Medicaid-focused billing and insurance eligibility verification.

Key Players:

AdvancedMD, Inc., Athena Health, 3Gen Consulting, Nimble, Tebra, Plutus Health, e-Care India Pvt Ltd, Bellmedex, and Civica

Recent Product Launches and Technology Innovations

AppFolio launched Real Estate Performance Management (RPM), integrating AI to transform billing workflows within property and healthcare management environments.​

Claimocity released an AI-driven mobile charge capture app simplifying inpatient medical billing and accelerating reimbursement by automating code selection, enabling efficient on-the-go billing operations for hospitalists and internists.​

Kareo and DrChrono introduced enhanced cloud-based billing and patient management modules, incorporating AI-powered analytics and seamless insurance eligibility checks to optimize claim approvals and revenue cycles.

Growth Forecast Projected:

The Global Medical Billing Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Medical Billing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Industry Developments

In June 2025, TKSoftware Inc. launched ICONIC Pro, an advanced medical billing and clearinghouse platform designed to simplify the entire revenue cycle-from eligibility verification to automated denial management. The solution helps healthcare practices cut administrative costs and speed up reimbursement processes.

In April 2025, BillingParadise, a major revenue cycle management provider, formed a partnership with AdvancedMD, a leading cloud-based EHR platform. The collaboration integrates BillingParadise's billing expertise with AdvancedMD's robust EHR capabilities to deliver a unified, more efficient revenue cycle management solution for healthcare organizations.

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Key Segments:

By Component: (Software, Services)

By Billing Type: (Professional Billing (Physician/Outpatient), Institutional Billing (Hospital/Inpatient))

By Deployment Mode: (On‐Premises, Web‐Based, Cloud‐Based)

By End User: (Hospitals, Physician Offices / Clinics, Diagnostic & Other Healthcare Providers, Healthcare Payers)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Medical Billing producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Medical Billing revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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Regulatory and Market Updates
The American Medical Association (AMA) released the 2026 CPT code set adding 288 new codes focused on remote patient monitoring and AI-supported health services, important for more accurate billing and compliance in evolving healthcare delivery models.​

Healthcare organizations face ongoing revenue pressures with anticipated cuts to ACA premium tax credits and rising uncompensated care, heightening the importance of optimized medical billing and collections systems.

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Reimbursement Updates

Medical Billing:
Reimbursement processes are increasingly integrating AI-driven automation to reduce claim denials and accelerate approvals. Medicare and Medicaid are updating fee schedules and expanding coverage for telehealth and remote patient monitoring services, impacting billing cycles positively. Stricter audit controls and value-based payment models focus on outcome-driven reimbursements

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