Key Industry Insights & Findings from the report:
- Based on the individual components, the outsourced segment held the largest market share in 2022 due to the rising demand for outsourced medical billing services from doctors’ offices, hospitals, and startups seeking hassle-free claim administration at a reasonable price.
- In 2022, the market was led by the front-end services sector. However, because of the rising demand for RCM services that provide EHR software, the middle-end services sector is anticipated to experience the largest CAGR during the projection period.
- In 2022, North America would control the market. Due to the evolving healthcare system, the launch of ICD-11 in the United States, and pressure from the government to use the EMR, the market is anticipated to expand.
- Deras Global Services, a Philippine-based business, was acquired by Ventra Health, a global provider of practice management, RCM, and consultancy services, in February 2023. The acquisition is a crucial component of Ventra Health’s global workforce development and service delivery strategies.
Scope for Medical Billing Outsourcing
| Report Attribute | Details |
| The market size value in 2023 | USD 13.4 billion |
| The revenue forecast in 2030 | USD 30.2 billion |
| Growth rate | CAGR of 12.26% from 2023 to 2030 |
| The base year for estimation | 2022 |
| Historical data | 2018 – 2021 |
| Forecast period | 2023 – 2030 |
Market Segmentation for Medical Billing
The global medical billing outsourcing market has been divided into segments by component, service, end-use, and geography by Grand View Research.
Component Outlook for Medical Billing
- In-house
- Outsourced
Outsourcing
- Front-end Services
- Middle-end Services
- Back-end Services
End-use Outlook for Medical Billing Outsourcing
- Hospitals
- Physician Offices
- Others
