03-23-2018 12:27 PM CET - Health & Medicine

Medical Billing Outsourcing Market To Hit at a CAGR of 9.29% Between Period 2015-2019

Press release from: MarketResearchReports.biz

Globally, healthcare spending is expected to increase, which will put additional pressure on healthcare delivery systems, governments, and insurers. The major reasons for increased spending in developed countries are an aging population and lower fertility rate; in emerging countries, it is the lack of infrastructure, increase in chronic diseases, and inequality in availability of patient care.

Over the years, healthcare enterprises worldwide have become increasingly dependent on technology and the Internet for their day to day operations. This trend is expected to intensify, which will make the role of IT departments vital. However, many healthcare enterprises are facing difficulties in handling medical operations, and managing and providing healthcare services to their customers.

Increasing cost pressures, increased need for risk and compliance management, process inefficiencies, and a closer alliance with business goals are driving healthcare organizations toward outsourcing models that focus on both agility and control. They help healthcare providers transform their finances from cost centric to profit centric, thereby balancing expense and growth, reducing cash conversion cycle, improving daily sales outstanding, and aiding in maximizing ROI during a particular period.

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Technavio's analysts forecast the global medical billing outsourcing market to grow at a CAGR of 9.29% over the period 2014-2019.

Covered in this Report
This report provides an overview of the global medical billing outsourcing market. The report also includes an overview of the global healthcare IT market and market segmentation by geography.
Technavio's report, Global Medical Billing Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global medical billing outsourcing market landscape and its growth prospects in the coming years.
The report also includes profiles of key vendors operating in this market.

Key Vendors

AGS Health
Cognizant Technology Solutions
GeBBS Healthcare
HCL Technologies
Other Prominent Vendors

Accretive Health
Boehringer Ingelheim
Dr billing Service
e-care India
Healthcare Administrative Partners
ICON Medical Billing
INFINIT Healthcare
Inventive Software Solutions
Mba Healthgroup
Omega Healthcare
Outsource Management Group
Parexel International
Vee Technologies
Market Driver

Increased Need for Cost-effective Operations
For a full, detailed list, view our report
Market Challenge

Stringent Regulatory Norms
For a full, detailed list, view our report
Market Trend

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Emergence of Cloud-based Billing Services
For a full, detailed list, view our report
Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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