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Medical Billing Outsourcing Market Will Exhibit an Impressive Expansion by 2024-2031

05-10-2024 01:39 PM CET | Health & Medicine

Press release from: Orion Market Research

Medical Billing Outsourcing Market Will Exhibit an Impressive

The global medical billing outsourcing market is projected to grow at a CAGR of over 10% during the forecast period. The market growth is attributed to the increasing need to make the medical billing process efficient, and efforts to decrease in-house processing costs.

In the US many hospitals and physician clinics have reported an error in their billing system, due to which many doctors and hospitals have faced losses. Due to this, the need for error minimization in medical billing is accelerated. Many hospitals are choosing the outsourcing solution for billing and due to this, the medical billing outsourcing market is expected to grow during the forecast period.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/medical-billing-outsourcing-market

Further, the key players present in the market adopt various growth strategies to sustain themselves in the competitive market. For instance, in June 2020, R1 RCM, a Chicago-based healthcare revenue management cycle company serving hospitals and physician groups, has agreed to acquire Cerner RevWorks for $30 million as a deal amount. The acquisition is expected to extend the overall revenue cycle capabilities of R1 and would drive sustainable financial improvements for healthcare providers and enhance their patient's overall experience.

Global Medical Billing Outsourcing Market - Segmentation

By End-User

• Hospitals
• Physician Office
• Others

A full report of Medical Billing Outsourcing Market is available at: https://www.omrglobal.com/industry-reports/medical-billing-outsourcing-market

Medical Billing Outsourcing Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Allscripts Healthcare Solutions Inc.
• Athenahealth Inc.
• Cerner Corp.
• CureMD Healthcare
• Eclat Health Solutions
• eClinicalWorks
• Experian Information Solutions, Inc.
• GE Healthcare
• HCL Technologies Ltd.
• Invensis Technologies Pvt Ltd.
• Kareo, Inc

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Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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