MEDICAL BILLING OUTSOURCING MARKET ANALYSIS

Regional Analysis

Global Medical Billing Outsourcing Market: Regional Insights

Based on geography, the global medical billing outsourcing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the growing digitalization in healthcare, increasing need to make billing processes efficient, need to decrease in-house processing costs, and growing emphasis on compliance and risk management in the region. For instance, in October 2021, R1 RCM Inc. announced that APP (American Physician Partners) has extended its revenue cycle management partnership with R1 until 2031. R1 utilized its expertise to re-design APP’s patient financial experience, implementing mobile functionality, predictive outreach solutions, and a proprietary emergency medicine billing system. This in turn is driving the growth of the market.

Europe and Asia Pacific are also expected to witness robust growth in the global medical billing outsourcing market due to the growing digitalization in healthcare, increasing need to make billing processes efficient, rise in healthcare expenditure, increasing adoption of outsourcing services, and emergence of novel technologies in these regions. For instance, in Europe, European Outsourcing Agency is providing back office solutions for medical billing companies and healthcare facilities for more than 10 years. The agency has the experience, knowledge, and highly skilled workforce required to handle the most demanding billing operations with ease of implementation.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East and Africa: GCC Countries, Israel, Rest of Middle East, South Africa, North Africa, and Central Africa