Global Medical Billing Outsourcing Market 2015-2019

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Global Medical Billing Outsourcing Market 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Outsourcing Market 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “The global medical billing outsourcing market is driven by the increased need for cost-effective operations. Outsourcing services are an evolving phenomenon that helps to reduce the increase in healthcare costs, meet the increased demand for quality healthcare solutions, and enhance the focus on core businesses.”

• 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.

• Technavio's analysts forecast the global medical billing outsourcing market to grow at a CAGR of 9.29% over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Global Medical Billing Outsourcing Market 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our report:

Global Medical Billing Outsourcing Market 2015-2019

Accenture

AGS Health

Cognizant

Accenture is a multinational management consulting, technology services, and outsourcing company. It was incorporated in Dublin, Ireland, on September 1, 2009. The company operates with a common brand name and business model to provide high-level services to its clients worldwide.

AGS Health was incorporated in 2011 and is headquartered in New York, US. It is an analytics-driven, technology-enabled RCM company. The company provides medical billing, medical coding, and business analytics services to the healthcare providers in the US.

Cognizant was founded in 1994 and is headquartered in New Jersey, US. The company is a provider of various solutions such as business process outsourcing services, IT solutions, and consulting to multiple leading companies worldwide.

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Market Landscape• An increase in chronic diseases across the world is leading to added pressure on

medical establishments to come up with quick and efficient solutions.

• Across several services involved in the medical or healthcare industry, billing is a primary service and it is a significant challenge to healthcare providers to generate and manage it effectively.

• To enhance the billing process with the increasing user base, the healthcare providers are forced to invest huge amounts in billing operations and management, particularly billing software and human resource teams, in order to manage it in an effective manner.

• Many healthcare providers have invested huge amounts in licensing for adopting

advanced medical and information technology in developed and developing nations such as India and China.

• However, healthcare providers are showing less interest in investing in on-premise advanced billing software.

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Key Buying Criteria

Parameter Details

Cost Effectiveness In the hyper-competitive market, the billing services should be competitively priced and value for money

Scalability Billing services should have the flexibility to scale up and down the infrastructure according to the needs of the healthcare enterprises

ScopeBilling services should cover various service offerings by the healthcare providers

Security Services and solutions should be provided in a secure environment as outsourcing involves transfer of a healthcare organization's and customers' vital information

Stability Business stability and a strong balance sheet of the vendors operating in the field are important from the clients' perspective

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Global Medical Billing Outsourcing Market 2015-2019

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