Medical Billing Software and Market Size Globally.

Goals

To provide information on the available medical billing workflow management software and the potential market size for this industry globally. The information should exclude billing software linked with a PM/EMR/EHR unless it is a billing company-focused software. The specific objectives are:
  • Identify the available medical billing workflow management software excluding billing software linked with a PM/EMR/EHR except for billing company-focused software).
  • Provide information on the name for each company identified.
  • Provide information on the website link for each company identified.
  • Provide an overview of the software for each company identified.
  • Determine the potential market size for medical billing workflow management software excluding billing software linked with a PM/EMR/EHR (except for billing company-focused software).

Early Findings

Data Availability

  • The initial round of research indicates that there is a wealth of information publicly available on this subject.
  • We provided information on some medical billing workflow management software excluding billing software linked with a PM/EMR/EHR
  • We also provided information on the global market for the medical billing workflow management software industry covering software that is not linked with a PM/EMR/EHR.

Software

  • According to G2, some companies that offer medical billing workflow management software excluding billing software linked with a PM/EMR/EHR include Kareo, WebPT, CareVoyant, and NextGen Enterprise.
  • Kareo supports the in-house billing process and its web and mobile applications enable users to easily manage patients and the complications related to billing insurance. A link to the company's website can be found here.

Market Share

  • Grand View Research reported that the global medical billing outsourcing market was valued at about $10 billion in 2020. The market is projected to grow at a CAGR of about 12% during 2021-2028.
  • Kareo's market share in the technology products, including Medical Practice Management is estimated at 4.5%.

Summary

  • Within the first hour, your research team was able to identify some medical billing workflow management software excluding billing software linked with a PM/EMR/EHR. We have provided information on the name, website link, and an overview of the software for each company identified.
  • We have also provided information on the potential market size for this industry globally. Our focus was global and if there is a need to narrow it to a specific region, kindly inform us in any reply.
  • For a deeper dive into this subject, we recommend further research and the details on our recommended research path have been provided in our proposal below.

Research proposal:

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