Albany, NY -- (SBWire) -- 08/03/2016 --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.
The global medical billing outsourcing market to grow at a CAGR of 9.29% over the period 2014-2019. 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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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
- Accenture
- AGS Health
- Cognizant Technology Solutions
- GeBBS Healthcare
- Genpact
- HCL Technologies
- Medusind
Other Prominent Vendors
- Accretive Health
- ACP
- Boehringer Ingelheim
- Catalent
- Claimcare
- Covance
- CureMD
- Dr billing Service
- e-care India
- Healthcare Administrative Partners
- ICON Medical Billing
- iGATE
- INFINIT Healthcare
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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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At a CAGR of 9.29%, Global Medical Billing Outsourcing Market to Rise over Forecast 2015-2019
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