Medical billing is a payment practice within health system. The process involves a healthcare provider submitting, and following up on, claims with health insurance companies in order to receive payment for Services rendered; such as treatments and investigations. The same process is used for most insurance companies, whether they are private companies or government sponsored programs. Medical coding reports what the diagnosis and treatment were, and prices are applied accordingly.
This report aims to provide a comprehensive presentation of the global market for Medical Billing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Billing. This report contains market size and forecasts of Medical Billing in global, including the following market information:
- Global Medical Billing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Medical Billing market was valued at US$ 7388.9 million in 2022 and is projected to reach US$ 11710 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Many software companies have arisen to provide medical billing software to this particularly lucrative segment of the market. Several companies also offer full portal solutions through their own web-interfaces, which negates the cost of individually licensed software packages. Due to the rapidly changing requirements by U.S. health insurance companies, several aspects of medical billing and medical office management have created the necessity for specialized training.
We surveyed the Medical Billing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Medical Billing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Medical Billing Market Segment Percentages, by Type, 2022 (%)
- Professional Billing
- Institutional Billing
Global Medical Billing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Medical Billing Market Segment Percentages, by Application, 2022 (%)
Global Medical Billing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Medical Billing Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Medical Billing revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Medical Billing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Accenture
- TCS
- AGS Health
- Cognizant Technology Solutions
- GeBBS Healthcare
- Genpact
- HCL Technologies
- Infinit Healthcare
- Medusind
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Medical Billing, market overview.
- Chapter 2: Global Medical Billing market size in revenue.
- Chapter 3: Detailed analysis of Medical Billing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Medical Billing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Medical Billing Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Medical Billing Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Medical Billing Overall Market Size
2.1 Global Medical Billing Market Size: 2022 VS 2029
2.2 Global Medical Billing Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Medical Billing Players in Global Market
3.2 Top Global Medical Billing Companies Ranked by Revenue
3.3 Global Medical Billing Revenue by Companies
3.4 Top 3 and Top 5 Medical Billing Companies in Global Market, by Revenue in 2022
3.5 Global Companies Medical Billing Product Type
3.6 Tier 1, Tier 2 and Tier 3 Medical Billing Players in Global Market
3.6.1 List of Global Tier 1 Medical Billing Companies
3.6.2 List of Global Tier 2 and Tier 3 Medical Billing Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Medical Billing Market Size Markets, 2022 & 2029
4.1.2 Professional Billing
4.1.3 Institutional Billing
4.2 By Type - Global Medical Billing Revenue & Forecasts
4.2.1 By Type - Global Medical Billing Revenue, 2018-2023
4.2.2 By Type - Global Medical Billing Revenue, 2024-2029
4.2.3 By Type - Global Medical Billing Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Medical Billing Market Size, 2022 & 2029
5.1.2 Hospital
5.1.3 Clinics
5.1.4 Others
5.2 By Application - Global Medical Billing Revenue & Forecasts
5.2.1 By Application - Global Medical Billing Revenue, 2018-2023
5.2.2 By Application - Global Medical Billing Revenue, 2024-2029
5.2.3 By Application - Global Medical Billing Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Medical Billing Market Size, 2022 & 2029
6.2 By Region - Global Medical Billing Revenue & Forecasts
6.2.1 By Region - Global Medical Billing Revenue, 2018-2023
6.2.2 By Region - Global Medical Billing Revenue, 2024-2029
6.2.3 By Region - Global Medical Billing Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Medical Billing Revenue, 2018-2029
6.3.2 US Medical Billing Market Size, 2018-2029
6.3.3 Canada Medical Billing Market Size, 2018-2029
6.3.4 Mexico Medical Billing Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Medical Billing Revenue, 2018-2029
6.4.2 Germany Medical Billing Market Size, 2018-2029
6.4.3 France Medical Billing Market Size, 2018-2029
6.4.4 U.K. Medical Billing Market Size, 2018-2029
6.4.5 Italy Medical Billing Market Size, 2018-2029
6.4.6 Russia Medical Billing Market Size, 2018-2029
6.4.7 Nordic Countries Medical Billing Market Size, 2018-2029
6.4.8 Benelux Medical Billing Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Medical Billing Revenue, 2018-2029
6.5.2 China Medical Billing Market Size, 2018-2029
6.5.3 Japan Medical Billing Market Size, 2018-2029
6.5.4 South Korea Medical Billing Market Size, 2018-2029
6.5.5 Southeast Asia Medical Billing Market Size, 2018-2029
6.5.6 India Medical Billing Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Medical Billing Revenue, 2018-2029
6.6.2 Brazil Medical Billing Market Size, 2018-2029
6.6.3 Argentina Medical Billing Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Medical Billing Revenue, 2018-2029
6.7.2 Turkey Medical Billing Market Size, 2018-2029
6.7.3 Israel Medical Billing Market Size, 2018-2029
6.7.4 Saudi Arabia Medical Billing Market Size, 2018-2029
6.7.5 UAE Medical Billing Market Size, 2018-2029
7 Medical Billing Companies Profiles
7.1 Accenture
7.1.1 Accenture Company Summary
7.1.2 Accenture Business Overview
7.1.3 Accenture Medical Billing Major Product Offerings
7.1.4 Accenture Medical Billing Revenue in Global Market (2018-2023)
7.1.5 Accenture Key News & Latest Developments
7.2 TCS
7.2.1 TCS Company Summary
7.2.2 TCS Business Overview
7.2.3 TCS Medical Billing Major Product Offerings
7.2.4 TCS Medical Billing Revenue in Global Market (2018-2023)
7.2.5 TCS Key News & Latest Developments
7.3 AGS Health
7.3.1 AGS Health Company Summary
7.3.2 AGS Health Business Overview
7.3.3 AGS Health Medical Billing Major Product Offerings
7.3.4 AGS Health Medical Billing Revenue in Global Market (2018-2023)
7.3.5 AGS Health Key News & Latest Developments
7.4 Cognizant Technology Solutions
7.4.1 Cognizant Technology Solutions Company Summary
7.4.2 Cognizant Technology Solutions Business Overview
7.4.3 Cognizant Technology Solutions Medical Billing Major Product Offerings
7.4.4 Cognizant Technology Solutions Medical Billing Revenue in Global Market (2018-2023)
7.4.5 Cognizant Technology Solutions Key News & Latest Developments
7.5 GeBBS Healthcare
7.5.1 GeBBS Healthcare Company Summary
7.5.2 GeBBS Healthcare Business Overview
7.5.3 GeBBS Healthcare Medical Billing Major Product Offerings
7.5.4 GeBBS Healthcare Medical Billing Revenue in Global Market (2018-2023)
7.5.5 GeBBS Healthcare Key News & Latest Developments
7.6 Genpact
7.6.1 Genpact Company Summary
7.6.2 Genpact Business Overview
7.6.3 Genpact Medical Billing Major Product Offerings
7.6.4 Genpact Medical Billing Revenue in Global Market (2018-2023)
7.6.5 Genpact Key News & Latest Developments
7.7 HCL Technologies
7.7.1 HCL Technologies Company Summary
7.7.2 HCL Technologies Business Overview
7.7.3 HCL Technologies Medical Billing Major Product Offerings
7.7.4 HCL Technologies Medical Billing Revenue in Global Market (2018-2023)
7.7.5 HCL Technologies Key News & Latest Developments
7.8 Infinit Healthcare
7.8.1 Infinit Healthcare Company Summary
7.8.2 Infinit Healthcare Business Overview
7.8.3 Infinit Healthcare Medical Billing Major Product Offerings
7.8.4 Infinit Healthcare Medical Billing Revenue in Global Market (2018-2023)
7.8.5 Infinit Healthcare Key News & Latest Developments
7.9 Medusind
7.9.1 Medusind Company Summary
7.9.2 Medusind Business Overview
7.9.3 Medusind Medical Billing Major Product Offerings
7.9.4 Medusind Medical Billing Revenue in Global Market (2018-2023)
7.9.5 Medusind Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Medical Billing Market Opportunities & Trends in Global Market
Table 2. Medical Billing Market Drivers in Global Market
Table 3. Medical Billing Market Restraints in Global Market
Table 4. Key Players of Medical Billing in Global Market
Table 5. Top Medical Billing Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Medical Billing Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Medical Billing Revenue Share by Companies, 2018-2023
Table 8. Global Companies Medical Billing Product Type
Table 9. List of Global Tier 1 Medical Billing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Medical Billing Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Medical Billing Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Medical Billing Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Medical Billing Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Medical Billing Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Medical Billing Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Medical Billing Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Medical Billing Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Medical Billing Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Medical Billing Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Medical Billing Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Medical Billing Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Medical Billing Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Medical Billing Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Medical Billing Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Medical Billing Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Medical Billing Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Medical Billing Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Medical Billing Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Medical Billing Revenue, (US$, Mn), 2024-2029
Table 30. Accenture Company Summary
Table 31. Accenture Medical Billing Product Offerings
Table 32. Accenture Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 33. Accenture Key News & Latest Developments
Table 34. TCS Company Summary
Table 35. TCS Medical Billing Product Offerings
Table 36. TCS Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 37. TCS Key News & Latest Developments
Table 38. AGS Health Company Summary
Table 39. AGS Health Medical Billing Product Offerings
Table 40. AGS Health Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 41. AGS Health Key News & Latest Developments
Table 42. Cognizant Technology Solutions Company Summary
Table 43. Cognizant Technology Solutions Medical Billing Product Offerings
Table 44. Cognizant Technology Solutions Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 45. Cognizant Technology Solutions Key News & Latest Developments
Table 46. GeBBS Healthcare Company Summary
Table 47. GeBBS Healthcare Medical Billing Product Offerings
Table 48. GeBBS Healthcare Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 49. GeBBS Healthcare Key News & Latest Developments
Table 50. Genpact Company Summary
Table 51. Genpact Medical Billing Product Offerings
Table 52. Genpact Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 53. Genpact Key News & Latest Developments
Table 54. HCL Technologies Company Summary
Table 55. HCL Technologies Medical Billing Product Offerings
Table 56. HCL Technologies Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 57. HCL Technologies Key News & Latest Developments
Table 58. Infinit Healthcare Company Summary
Table 59. Infinit Healthcare Medical Billing Product Offerings
Table 60. Infinit Healthcare Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 61. Infinit Healthcare Key News & Latest Developments
Table 62. Medusind Company Summary
Table 63. Medusind Medical Billing Product Offerings
Table 64. Medusind Medical Billing Revenue (US$, Mn) & (2018-2023)
Table 65. Medusind Key News & Latest Developments
List of Figures
Figure 1. Medical Billing Segment by Type in 2022
Figure 2. Medical Billing Segment by Application in 2022
Figure 3. Global Medical Billing Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Medical Billing Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Medical Billing Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Medical Billing Revenue in 2022
Figure 8. By Type - Global Medical Billing Revenue Market Share, 2018-2029
Figure 9. By Application - Global Medical Billing Revenue Market Share, 2018-2029
Figure 10. By Type - Global Medical Billing Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Medical Billing Revenue Market Share, 2018-2029
Figure 12. By Application - Global Medical Billing Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Medical Billing Revenue Market Share, 2018-2029
Figure 14. By Region - Global Medical Billing Revenue Market Share, 2018-2029
Figure 15. By Country - North America Medical Billing Revenue Market Share, 2018-2029
Figure 16. US Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Medical Billing Revenue Market Share, 2018-2029
Figure 20. Germany Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 21. France Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Medical Billing Revenue Market Share, 2018-2029
Figure 28. China Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 32. India Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Medical Billing Revenue Market Share, 2018-2029
Figure 34. Brazil Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Medical Billing Revenue Market Share, 2018-2029
Figure 37. Turkey Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Medical Billing Revenue, (US$, Mn), 2018-2029
Figure 41. Accenture Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. TCS Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. AGS Health Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Cognizant Technology Solutions Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. GeBBS Healthcare Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Genpact Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. HCL Technologies Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Infinit Healthcare Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Medusind Medical Billing Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
