Medical Billing Outsourcing Market Size Worth $19.7 Billion By 2026: Grand View Research, Inc.
SAN FRANCISCO, April 22, 2019 /PRNewswire/ -- The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a CAGR of 11.8%, based on a new report by Grand View Research, Inc. Large amount of medical code representation for diagnosis and treatment coupled with the presence of multiple payers renders medical billing an intricate part of any medical practice, posing significant challenges.
- SAN FRANCISCO, April 22, 2019 /PRNewswire/ -- The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a CAGR of 11.8%, based on a new report by Grand View Research, Inc. Large amount of medical code representation for diagnosis and treatment coupled with the presence of multiple payers renders medical billing an intricate part of any medical practice, posing significant challenges.
- However, outsourced medical billing is expected to be the largest and fastest-growing segment in future
Front-end services led the market in 2018. - Thus, consolidation of large healthcare practices is also expected to be a one of the factors fueling the market growth.
- Grand View Research has segmented the global medical billing outsourcing market on the basis of component, service, end use, and region:
Medical Billing Outsourcing Component Outlook (Revenue, USD Million, 2015 - 2026)
Medical Billing Outsourcing Service Outlook (Revenue, USD Million, 2015 - 2026)