Five medical billing trends, based on the report:
1. The global medical billing outsourcing market is projected to reach $19.7 billion by 2026, expanding at a compound annual growth rate of 11.8 percent.
2. Last year, front-end services dominated the global medical billing outsourcing market. But the middle-end services segment is expected to see the highest compound annual growth rate of 12.4 percent from this year to 2026.
3. The global medical billing outsourcing market was dominated by hospitals last year (largest market share) and that is expected to continue through 2026.
4. North America dominated the global market (largest market share) last year and is projected to continue expanding amid the U.S. implementation of ICD-10 coding and governmental pressure to incorporate EMR management systems.
5. Key players in the global medical billing outsourcing market include Accretive Health; Allscripts; Cerner; EClinicalWorks; Experian Information Solutions; GE Healthcare; Genpact; HCL; Kareo; McKesson; Quest Diagnostics; and the SSI Group.
More articles on healthcare finance:
South Carolina hospitals access legal loophole to use tax refunds for medical debt: 6 things to know
For-profit hospital stock report: Week of April 15-18
BayCare’s 2018 annual revenue climbed to $4.16B
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
