, /PRNewswire/ -- The global medical billing outsourcing market size is estimated to grow by .61 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.
52% during the forecast period. Improvement in healthcare administrative processes is driving market growth, with a trend towards government initiatives supporting adoption of medical billing outsourcing services. However, complexities associated with deployment of medical billing outsourcing services poses a challenge.
Key market players include 5 Star Billing Service Inc., AdvancedMD Inc., athenahealth Inc.
, Change Healthcare Inc., Cognizant Technology Solutions Corp., eClinicalWorks LLC, eMDs Inc.
, Epic Systems Corp., Experian Plc, Genpact Ltd., HCL Technologies Ltd.
, Kareo Inc., McKesson Corp., Medical Information Technology Inc.
, Oracle Corp., Quest Diagnostics Inc., R1 RCM Inc.
, The SSI Group LLC, Veradigm LLC, Veritas Capital Fund Management L L C, and WellSky Corp.. Get a detailed analysis on regions, market segments, customer landscape, and companies - The healthcare industry's adoption of medical billing outsourcing services is encouraged by various government initiatives and regulations.
In the US, the HITECH Act of 2009 introduced incentive programs, such as the Medicare and Medicaid EHR Incentive Programs, which provide financial support for implementing certified EHR technology. The UK's National Health Service (NHS) has digitized documentation processes, and the European .
