The Latin America, Middle East and Africa Medical Billing Outsourcing Market would witness market growth of 17% CAGR during the forecast period (2021-2027).
Medical billing outsourcing refers to a procedure that includes various steps like registration, formation of financial responsibilities, patient check-in & checkout and keeping a check on billing compliances & coding. In addition, it also includes making & transmitting claims, generation of statement or bills, transferring payments & assembling collections and the final step includes making sure that those bills get paid and other related process. There is a wide variety of benefits associated with medical billing outsourcing like higher cash flow, saving time, reduction in software & equipment cost and decrease the size & cost of staff.
Factors like changing requirements of healthcare providers and other concerned entities will augment the growth of the market. The role of IT is becoming very important due to the advent of technology to simplify the operations and management of transaction with more transparency. The IT department has become the backbone of many industries including healthcare, which is further estimated to propel the growth of the market.
The increasing population below the poverty line in this region is demanding healthcare solutions, which can reduce the total healthcare expenditure. Medical billing outsourcing assists a healthcare organization to emphasize majorly on providing improved services that are a major need of LAMEA region. With the increasing cases of chronic diseases across this region, the healthcare structure is witnessing huge pressure for enhancing the quality of healthcare services in the region.
Due to this, many healthcare organizations or providers are eliminating the requirement to emphasize on non-essential tasks like administration, billing, and others. Hence, healthcare providers are outsourcing the non-core activities to the specialized vendor, which will further support the growth of the medical billing outsourcing market during the forecast period.
The Front-end market dominated the South Africa Medical Billing Outsourcing Market by Service in 2020, thereby, achieving a market value of $100.2 million by 2027. The Back-end market is estimated to grow at a CAGR of 17.6% during (2021-2027). Additionally, The Middle-end market is expected to witness highest CAGR of 18.1% during (2021-2027).
Based on Component, the market is segmented into Outsourced and In-house. Based on Service, the market is segmented into Front-end, Back-end and Middle-end. Based on End-use, the market is segmented into Hospitals, Clinics and others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Medical Billing Outsourcing Market is Predict to reach $24.7 Billion by 2027, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Quest Diagnostics, Incorporated, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), McKesson Corporation, Genpact Limited, eClinicalWorks LLC, Experian PLC, R1 RCM, Inc., and Kareo.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Service
- Front-end
- Back-end
- Middle-end
By End Use
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Quest Diagnostics, Incorporated
- AllScripts Healthcare Solutions, Inc.
- Athenahealth, Inc. (Veritas Capital)
- McKesson Corporation
- Genpact Limited
- eClinicalWorks LLC
- Experian PLC
- R1 RCM, Inc.
- Kareo
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Medical Billing Outsourcing Market, by Component
1.4.2 LAMEA Medical Billing Outsourcing Market, by Service
1.4.3 LAMEA Medical Billing Outsourcing Market, by End Use
1.4.4 LAMEA Medical Billing Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Medical Billing Outsourcing Market by Component
3.1 LAMEA Outsourced Market by Country
3.2 LAMEA In-house Market by Country
Chapter 4. LAMEA Medical Billing Outsourcing Market by Service
4.1 LAMEA Front-end Market by Country
4.2 LAMEA Back-end Market by Country
4.3 LAMEA Middle-end Market by Country
Chapter 5. LAMEA Medical Billing Outsourcing Market by End-use
5.1 LAMEA Hospitals Market by Country
5.2 LAMEA Clinics Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Medical Billing Outsourcing Market by Country
6.1 Brazil Medical Billing Outsourcing Market
6.1.1 Brazil Medical Billing Outsourcing Market by Component
6.1.2 Brazil Medical Billing Outsourcing Market by Service
6.1.3 Brazil Medical Billing Outsourcing Market by End-use
6.2 Argentina Medical Billing Outsourcing Market
6.2.1 Argentina Medical Billing Outsourcing Market by Component
6.2.2 Argentina Medical Billing Outsourcing Market by Service
6.2.3 Argentina Medical Billing Outsourcing Market by End-use
6.3 UAE Medical Billing Outsourcing Market
6.3.1 UAE Medical Billing Outsourcing Market by Component
6.3.2 UAE Medical Billing Outsourcing Market by Service
6.3.3 UAE Medical Billing Outsourcing Market by End-use
6.4 Saudi Arabia Medical Billing Outsourcing Market
6.4.1 Saudi Arabia Medical Billing Outsourcing Market by Component
6.4.2 Saudi Arabia Medical Billing Outsourcing Market by Service
6.4.3 Saudi Arabia Medical Billing Outsourcing Market by End-use
6.5 South Africa Medical Billing Outsourcing Market
6.5.1 South Africa Medical Billing Outsourcing Market by Component
6.5.2 South Africa Medical Billing Outsourcing Market by Service
6.5.3 South Africa Medical Billing Outsourcing Market by End-use
6.6 Nigeria Medical Billing Outsourcing Market
6.6.1 Nigeria Medical Billing Outsourcing Market by Component
6.6.2 Nigeria Medical Billing Outsourcing Market by Service
6.6.3 Nigeria Medical Billing Outsourcing Market by End-use
6.7 Rest of LAMEA Medical Billing Outsourcing Market
6.7.1 Rest of LAMEA Medical Billing Outsourcing Market by Component
6.7.2 Rest of LAMEA Medical Billing Outsourcing Market by Service
6.7.3 Rest of LAMEA Medical Billing Outsourcing Market by End-use
Chapter 7. Company Profiles
7.1 General Electric (GE) Co. (GE Healthcare)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.2 Quest Diagnostics, Incorporated
7.2.1 Company Overview
7.2.2 Financial Analysis
7.3 AllScripts Healthcare Solutions, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional & Segmental Analysis
7.3.4 Research & Development Expenses
7.4 Athenahealth, Inc. (Veritas Capital)
7.4.1 Company overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.5 McKesson Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Genpact Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.7 eClinicalWorks LLC
7.7.1 Company Overview
7.8 Experian PLC
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.9 R1 RCM, Inc.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Recent strategies and developments:
7.9.3.1 Acquisition and Mergers:
7.10. Kareo
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 3 LAMEA Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 4 LAMEA Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 5 LAMEA Outsourced Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Outsourced Market by Country, 2021-2027, USD Million
TABLE 7 LAMEA In-house Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA In-house Market by Country, 2021-2027, USD Million
TABLE 9 LAMEA Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 10 LAMEA Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 11 LAMEA Front-end Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Front-end Market by Country, 2021-2027, USD Million
TABLE 13 LAMEA Back-end Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Back-end Market by Country, 2021-2027, USD Million
TABLE 15 LAMEA Middle-end Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Middle-end Market by Country, 2021-2027, USD Million
TABLE 17 LAMEA Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 18 LAMEA Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 19 LAMEA Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Hospitals Market by Country, 2021-2027, USD Million
TABLE 21 LAMEA Clinics Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Clinics Market by Country, 2021-2027, USD Million
TABLE 23 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Others Market by Country, 2021-2027, USD Million
TABLE 25 LAMEA Medical Billing Outsourcing Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Medical Billing Outsourcing Market by Country, 2021-2027, USD Million
TABLE 27 Brazil Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 28 Brazil Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 29 Brazil Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 30 Brazil Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 31 Brazil Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 32 Brazil Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 33 Brazil Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 34 Brazil Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 35 Argentina Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 36 Argentina Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 37 Argentina Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 38 Argentina Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 39 Argentina Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 40 Argentina Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 41 Argentina Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 42 Argentina Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 43 UAE Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 44 UAE Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 45 UAE Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 46 UAE Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 47 UAE Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 48 UAE Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 49 UAE Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 50 UAE Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 51 Saudi Arabia Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 52 Saudi Arabia Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 53 Saudi Arabia Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 54 Saudi Arabia Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 55 Saudi Arabia Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 56 Saudi Arabia Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 57 Saudi Arabia Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 58 Saudi Arabia Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 59 South Africa Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 60 South Africa Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 61 South Africa Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 62 South Africa Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 63 South Africa Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 64 South Africa Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 65 South Africa Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 66 South Africa Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 67 Nigeria Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 68 Nigeria Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 69 Nigeria Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 70 Nigeria Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 71 Nigeria Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 72 Nigeria Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 73 Nigeria Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 74 Nigeria Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 75 Rest of LAMEA Medical Billing Outsourcing Market, 2017 - 2020, USD Million
TABLE 76 Rest of LAMEA Medical Billing Outsourcing Market, 2021-2027, USD Million
TABLE 77 Rest of LAMEA Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
TABLE 78 Rest of LAMEA Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
TABLE 79 Rest of LAMEA Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
TABLE 80 Rest of LAMEA Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
TABLE 81 Rest of LAMEA Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
TABLE 82 Rest of LAMEA Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
TABLE 83 Key Information – General Electric (GE) Co.
TABLE 84 Key Information – Quest Diagnostics, Incorporated
TABLE 85 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 86 Key Information – Athenahealth, Inc.
TABLE 87 Key Information – McKesson Corporation
TABLE 88 Key Information – Genpact Limited
TABLE 89 Key Information – eClinicalWorks LLC
TABLE 90 key information – Experian PLC
TABLE 91 key information – R1 RCM, Inc.
TABLE 92 key information – Kareo
List of Figures
FIG 1 Methodology for the research