Medical Billing Outsourcing Market - Global Industry Analysis

Name: Medical Billing Outsourcing Market By Component (In-House and Outsourced), By Service (Front End, Middle End, and Back End), and By End-User (Hospitals, Physician Offices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025
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SKU: ZMR-4808
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Medical Billing Outsourcing Market By Component (In-House and Outsourced), By Service (Front End, Middle End, and Back End), and By End-User (Hospitals, Physician Offices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 03-Oct-2019 Category: Healthcare Report Format : PDF Pages: 130 Report Code: ZMR-4808 Status : Published

Global medical billing outsourcing market expected to generate around USD 16.3 billion by 2025, at a CAGR of around 11.5% between 2019 and 2025. Medical billing outsourcing helps in increasing the cash flow, save the overall cost of the equipment and software, and reduce employee expenses and staff size.

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Description

The report covers a forecast and an analysis of the medical billing outsourcing market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the medical billing outsourcing market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the medical billing outsourcing market on a global level.

In order to give the users of this report a comprehensive view of the medical billing outsourcing market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Medical Billing Outsourcing Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the medical billing outsourcing market by segmenting it based on component, service, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players in the medical billing outsourcing market are McKesson Corporation, Allscripts, Genpact, Cerner Corporation, eClinicalWorks, Accretive Health, GE Healthcare, Experian Information Solutions, HCL, Kareo, Quest Diagnostics, and The SSI Group.

This report segments the global medical billing outsourcing market into:

Global Medical Billing Outsourcing Market: Component Analysis

In-House
Outsourced

Global Medical Billing Outsourcing Market: Service Analysis

Front End
Middle End
Back End

Global Medical Billing Outsourcing Market: End-User Analysis

Hospitals
Physician Offices
Others

Global Medical Billing Outsourcing Market: Regional Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
Middle East and Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
  - 1.3.1. Market Research Process
  - 1.3.2. Market Research Methodology
Chapter 2. Executive Summary
- 2.1. Medical Billing Outsourcing Market, 2016-2025 (USD Billion)
- 2.2. Medical Billing Outsourcing Market: Snapshot
Chapter 3. Medical Billing Outsourcing Market - Industry Analysis
- 3.1. Medical Billing Outsourcing Market: Dynamics
- 3.2. Market Drivers
  - 3.2.1. Growing focus on increasing profitability and revenue by the business
  - 3.2.2. The federal mandate to implement digital record-keeping by healthcare providers
  - 3.2.3. Rapidly changing healthcare regulations
- 3.3. Restraints
  - 3.3.1. High threat of data breaching
- 3.4. Opportunity
  - 3.4.1. Emerging economies
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis by component
  - 3.6.2. Market attractiveness analysis by service
  - 3.6.3. Market attractiveness analysis by End-User
  - 3.6.4. Market attractiveness analysis by region
Chapter 4. Medical Billing Outsourcing Market - Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global medical billing outsourcing market: company market share, 2018
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New product launches
  - 4.2.3. Agreements, partnerships, collaborations, and joint ventures
  - 4.2.4. Research and development and regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Medical Billing Outsourcing Market - Component Analysis
- 5.1. Global medical billing outsourcing market overview: by component
  - 5.1.1. Global medical billing outsourcing market share, by component, 2018 and 2025
- 5.2. In-House
  - 5.2.1. Global medical billing outsourcing market by in-house, 2016-2025 (USD Billion)
- 5.3. Outsourced
  - 5.3.1. Global medical billing outsourcing market by outsourced, 2016-2025 (USD Billion)
Chapter 6. Global Medical Billing Outsourcing Market - Service Analysis
- 6.1. Global medical billing outsourcing market overview: by service
  - 6.1.1. Global medical billing outsourcing market share, by service, 2018 and 2025
- 6.2. Front End
  - 6.2.1. Global medical billing outsourcing market by front end, 2016-2025 (USD Billion)
- 6.3. Middle End
  - 6.3.1. Global medical billing outsourcing market by middle end, 2016-2025 (USD Billion)
- 6.4. Back End
  - 6.4.1. Global medical billing outsourcing market by back end, 2016-2025 (USD Billion)
Chapter 7. Global Medical Billing Outsourcing Market - End-User Analysis
- 7.1. Global medical billing outsourcing market overview: by End-User
  - 7.1.1. Global medical billing outsourcing market share, by End-User, 2018 and 2025
- 7.2. Hospitals
  - 7.2.1. Global medical billing outsourcing market by hospitals, 2016-2025 (USD Billion)
- 7.3. Physicians
  - 7.3.1. Global medical billing outsourcing market by physicians, 2016-2025 (USD Billion)
- 7.4. Others
  - 7.4.1. Global medical billing outsourcing market by others, 2016-2025 (USD Billion)
Chapter 8. Global Medical Billing Outsourcing Market - Regional Analysis
- 8.1. Global medical billing outsourcing market overview: by region
  - 8.1.1. Global medical billing outsourcing market share, by region, 2018 and 2025
- 8.2. North America
  - 8.2.1. North America medical billing outsourcing market, 2016-2025 (USD Billion)
  - 8.2.2. North America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
  - 8.2.3. North America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
  - 8.2.4. North America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.2.5. The U.S.
    - 8.2.5.1. The U.S. medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.2.5.2. The U.S. medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.2.5.3. The U.S. medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.2.6. Rest of North America
    - 8.2.6.1. Rest of North America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.2.6.2. Rest of North America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.2.6.3. Rest of North America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.3. Europe
  - 8.3.1. Europe medical billing outsourcing market, 2016-2025 (USD Billion)
  - 8.3.2. Europe medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
  - 8.3.3. Europe medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
  - 8.3.4. Europe medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.3.5. UK
    - 8.3.5.1. U.K. medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.3.5.2. U.K. medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.3.5.3. U.K. medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.3.6. France
    - 8.3.6.1. France medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.3.6.2. France medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.3.6.3. France medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.3.7. Germany
    - 8.3.7.1. Germany medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.3.7.2. Germany medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.3.7.3. Germany medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.3.8. Rest of Europe
    - 8.3.8.1. Rest of Europe medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.3.8.2. Rest of Europe medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.3.8.3. Rest of Europe medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.4. Asia Pacific
  - 8.4.1. Asia Pacific medical billing outsourcing market, 2016-2025 (USD Billion)
  - 8.4.2. Asia Pacific medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
  - 8.4.3. Asia Pacific medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
  - 8.4.4. Asia Pacific medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.4.5. China
    - 8.4.5.1. China medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.4.5.2. China medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.4.5.3. China medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.4.6. Japan
    - 8.4.6.1. Japan medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.4.6.2. Japan medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.4.6.3. Japan medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.4.7. India
    - 8.4.7.1. India medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.4.7.2. India medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.4.7.3. India medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.4.8. Rest of Asia Pacific
    - 8.4.8.1. Rest of Asia Pacific medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.4.8.2. Rest of Asia Pacific medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.4.8.3. Rest of Asia Pacific medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.5. Latin America
  - 8.5.1. Latin America medical billing outsourcing market, 2016-2025 (USD Billion)
  - 8.5.2. Latin America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
  - 8.5.3. Latin America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
  - 8.5.4. Latin America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.5.5. Brazil
    - 8.5.5.1. Brazil medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.5.5.2. Brazil medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.5.5.3. Brazil medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
  - 8.5.6. Rest of Latin America
    - 8.5.6.1. Rest of Latin America medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
    - 8.5.6.2. Rest of Latin America medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
    - 8.5.6.3. Rest of Latin America medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
- 8.6. The Middle East and Africa
  - 8.6.1. The Middle East and Africa medical billing outsourcing market, 2016-2025 (USD Billion)
  - 8.6.2. The Middle East and Africa medical billing outsourcing market revenue, by component, 2016-2025 (USD Billion)
  - 8.6.3. The Middle East and Africa medical billing outsourcing market revenue, by service, 2016-2025 (USD Billion)
  - 8.6.4. The Middle East and Africa medical billing outsourcing market revenue, by End-User, 2016-2025 (USD Billion)
Chapter 9. Company Profiles
- 9.1. McKesson Corporation
  - 9.1.1. Overview
  - 9.1.2. Financials
  - 9.1.3. Product Portfolio
  - 9.1.4. Business Strategy
  - 9.1.5. Recent Developments
- 9.2. Allscripts
  - 9.2.1. Overview
  - 9.2.2. Financials
  - 9.2.3. Product Portfolio
  - 9.2.4. Business Strategy
  - 9.2.5. Recent Developments
- 9.3. Genpact
  - 9.3.1. Overview
  - 9.3.2. Financials
  - 9.3.3. Product Portfolio
  - 9.3.4. Business Strategy
  - 9.3.5. Recent Developments
- 9.4. Cerner Corporation
  - 9.4.1. Overview
  - 9.4.2. Financials
  - 9.4.3. Product Portfolio
  - 9.4.4. Business Strategy
  - 9.4.5. Recent Developments
- 9.5. eClinicalWorks
  - 9.5.1. Overview
  - 9.5.2. Financials
  - 9.5.3. Product Portfolio
  - 9.5.4. Business Strategy
  - 9.5.5. Recent Development
- 9.6. Accretive Health
  - 9.6.1. Overview
  - 9.6.2. Financials
  - 9.6.3. Product Portfolio
  - 9.6.4. Business Strategy
  - 9.6.5. Recent Developments
- 9.7. GE Healthcare
  - 9.7.1. Overview
  - 9.7.2. Financials
  - 9.7.3. Product Portfolio
  - 9.7.4. Business Strategy
  - 9.7.5. Recent Development
- 9.8. Experian Information Solutions
  - 9.8.1. Overview
  - 9.8.2. Financials
  - 9.8.3. Product Portfolio
  - 9.8.4. Business Strategy
  - 9.8.5. Recent Developments
- 9.9. HCL
  - 9.9.1. Overview
  - 9.9.2. Financials
  - 9.9.3. Product Portfolio
  - 9.9.4. Business Strategy
  - 9.9.5. Recent Developments
- 9.10. Kareo
  - 9.10.1. Overview
  - 9.10.2. Financials
  - 9.10.3. Product Portfolio
  - 9.10.4. Business Strategy
  - 9.10.5. Recent Developments
- 9.11. Quest Diagnostics
  - 9.11.1. Overview
  - 9.11.2. Financials
  - 9.11.3. Product Portfolio
  - 9.11.4. Business Strategy
  - 9.11.5. Recent Developments
- 9.12. The SSI Group
  - 9.12.1. Overview
  - 9.12.2. Financials
  - 9.12.3. Product Portfolio
  - 9.12.4. Business Strategy
  - 9.12.5. Recent Developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global medical billing outsourcing market, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global medical billing outsourcing market attractiveness, by component
6. Global medical billing outsourcing market attractiveness, by service
7. Global medical billing outsourcing market attractiveness, by End-User
8. Global medical billing outsourcing market share, by component, 2018 and 2025
9. Global medical billing outsourcing market by in-house, 2016–2025 (USD Billion)
10. Global medical billing outsourcing market by outsourced,2016–2025 (USD Billion)
11. Global medical billing outsourcing market share, by service, 2018 and 2025
12. Global medical billing outsourcing market by front end, 2016–2025 (USD Billion)
13. Global medical billing outsourcing market by middle end, 2016–2025 (USD Billion)
14. Global medical billing outsourcing market by back end, 2016–2025 (USD Billion)
15. Global medical billing outsourcing market share, by End-User, 2018 and 2025
16. Global medical billing outsourcing market by hospitals, 2016–2025 (USD Billion)
17. Global medical billing outsourcing market by physician offices, 2016–2025 (USD Billion)
18. Global medical billing outsourcing market by others, 2016–2025 (USD Billion)
19. Global medical billing outsourcing market share, by region, 2018 and 2025
20. North America medical billing outsourcing market, 2016–2025 (USD Billion)
21. Europe medical billing outsourcing market, 2016–2025 (USD Billion)
22. Asia Pacific medical billing outsourcing market, 2016–2025 (USD Billion)
23. Latin America medical billing outsourcing market, 2016–2025 (USD Billion)
24. The Middle East and Africa medical billing outsourcing market, 2016–2025 (USD Billion)

Table Of Tables

List of Tables

1. Global medical billing outsourcing market: snapshot
2. Drivers of the medical billing outsourcing market: impact analysis
3. Restraints of the medical billing outsourcing market: impact analysis
4. North America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
5. North America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
6. North America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
7. The U.S. medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
8. The U.S. medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
9. The U.S. medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
10. Rest of North America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
11. Rest of North America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
12. Rest of North America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
13. Europe medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
14. Europe medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
15. Europe medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
16. U.K. medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
17. U.K. medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
18. U.K. medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
19. France medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
20. France medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
21. France medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
22. Germany medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
23. Germany medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
24. Germany medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
25. Rest of Europe medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
26. Rest of Europe medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
27. Rest of Europe medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
28. Asia Pacific medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
29. Asia Pacific medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
30. Asia Pacific medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
31. China medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
32. China medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
33. China medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
34. Japan medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
35. Japan medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
36. Japan medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
37. India medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
38. India medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
39. India medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
40. Rest of Asia Pacific medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
41. Rest of Asia Pacific medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
42. Rest of Asia Pacific medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
43. Latin America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
44. Latin America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
45. Latin America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
46. Brazil medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
47. Brazil medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
48. Brazil medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
49. Rest of Latin America medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
50. Rest of Latin America medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
51. Rest of Latin America medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)
52. The Middle East and Africa medical billing outsourcing market revenue, by component, 2016–2025 (USD Billion)
53. The Middle East and Africa medical billing outsourcing market revenue, by service, 2016–2025 (USD Billion)
54. The Middle East and Africa medical billing outsourcing market revenue, by End-User, 2016–2025 (USD Billion)

Methodology

Free Analysis

The procedure for outsourcing the billing process for medical treatments is known as medical billing outsourcing. Medical billing outsourcing assists medical houses and hospitals in focusing on medical treatment and services along with restructuring and streamlining the complex process to overcome constant declines in reimbursement process, to satisfy the HIPPA Act. The rising healthcare expenditure, especially in developed regions, has led to constant progress in this sector, thus enabling the extensive adoption of medical billing outsourcing. With the increasing availability of IT resources, many medical institutions are focusing on healthcare dispensation, whereas the third-party service providers have become important in several aspects, such as administration of healthcare entities and data storage.

Medical billing outsourcing helps in increasing the cash flow, save the overall cost of the equipment and software, and reduce employee expenses and staff size. The rising geographical reach of major companies through partnerships and mergers and acquisitions are boosting the medical billing outsourcing market in the upcoming years. Additionally, as governments are channeling more funds into their healthcare budgets, there has been an increasing pressure on the healthcare systems to become more efficient to better utilize the monetary allocations. This, in turn, has benefited vendors in the medical billing outsourcing market. While the healthcare spending in developed nations is rising due to the huge population, which has crossed the 65-years-threshold, the developed countries are under pressure to alleviate the inequality of healthcare in public and private sectors, improve their healthcare infrastructure, and increase in the number of chronic diseases reported. Thus, the market for medical billing outsourcing is driven by the changing needs of insurers, healthcare providers, and other ancillary entities.

Global Medical Billing Outsourcing Market

The medical billing outsourcing market is divided on the basis of component into in-house and outsourced. On the basis of service, the market includes middle end, front end, and back end. By end-user, the medical billing outsourcing market comprises physician offices, hospitals, and others.

North America dominated the medical billing outsourcing market in 2018, owing to high awareness about healthcare IT outsourcing services and regional presence of prominent market players. Growing awareness among healthcare organizations, rising income, and government initiatives are the other factors that will further drive this regional market. The developing regions like the Asia Pacific and Latin America are likely to record a high CAGR over the forecast period, as outsourcing practices have become standardized globally. Europe accounted for the second position in the medical billing outsourcing market, due to the growing advancements in technology and improving regional hospital infrastructure.