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.
Over the years, healthcare enterprises worldwide have become increasingly dependent on technology and the Internet for their day to day operations. This trend is expected to intensify, which will make the role of IT departments vital. However, many healthcare enterprises are facing difficulties in handling medical operations, and managing and providing healthcare services to their customers.
Increasing cost pressures, increased need for risk and compliance management, process inefficiencies, and a closer alliance with business goals are driving healthcare organizations toward outsourcing models that focus on both agility and control. They help healthcare providers transform their finances from cost centric to profit centric, thereby balancing expense and growth, reducing cash conversion cycle, improving daily sales outstanding, and aiding in maximizing ROI during a particular period.
Technavio's analysts forecast the global medical billing outsourcing market to grow at a CAGR of 9.29% over the period 2014-2019.
Covered in this Report
This report provides an overview of the global medical billing outsourcing market. The report also includes an overview of the global healthcare IT market and market segmentation by geography.
Technavio's report, Global Medical Billing Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global medical billing outsourcing market landscape and its growth prospects in the coming years.
The report also includes profiles of key vendors operating in this market.
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