Medical billing outsourcing market projected to see massive growth

Medical billing outsourcing market revenues were estimated at $11.1 billion in 2021, and they are expected to grow 16 percent from 2022-2032, according to an Aug. 4 report from Digital Journal. 

The COVID-19 pandemic was a pivotal contributor to the growth in the medical billing outsourcing industry. Furthermore, the report finds that the transition to digital billing is directly related to the growing market demand. 

Key takeaways from the report:

  • The medical billing outsourcing market is projected to increase between 2022 and 2032, reaching roughly $55.6 billion in 2032.

  • The outsourced segment accounts for the highest projected CAGR of over 15.6 percent.

  • The U.S. is the dominant region in the medical billing outsourcing market expected growth of $18.4 billion during 2022-2023. 

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