Medical Billing Software Market Overview

The global market for Medical Billing Software was estimated at USD 87.95 Million in 2021 and is projected to reach USD 186.08 Million by 2028, growing at a CAGR of 11.3% over the analysis period.

Customer payments are the fuel that keeps any firm running. Healthcare providers are no exception; yet, getting paid is a lengthy multi-step process with multiple regulations and players involved. While hospitals cannot make this journey any shorter, they may make it more efficient by automating billing operations. Medical billing is an important aspect of the healthcare revenue cycle since it involves getting paid for the services provided by a healthcare provider. This procedure begins before the services are even provided and includes numerous important steps. Medical billing software automates practically every aspect of the healthcare billing cycle, from scheduling a doctor's appointment to processing electronic payments. Medical software can perform a variety of functions, including appointment scheduling and management, remittance management, payment reminders, BI & reporting, patient pre-registration, medical coding support, and electronic medical claim management. The rise in the number of patients, and the growing need for effective management of health records and claims, is the major driving factor for the development of the medical billing software market in the forecasted period.

Market Dynamics And Factors For Medical Billing Software Market

Drivers:

Reduction In Paperwork, And Time-Effectiveness

All billing processes that were previously done, sent, and processed on paper can now be completed electronically. As a result, there are fewer errors and less rework. Furthermore, medical billing software significantly streamlines treatment and medication operations since most solutions allow for the filing and processing of hundreds of claims through a single interface. Switching to electronic transactions has been calculated to save healthcare providers around 1.1 million work hours each week. Purchasing and implementing medical billing software might be expensive, but the investment is worthwhile. A manual transaction costs a medical provider $6 more than an electronic transaction. The automation of billing procedures can decrease operational expenses by more than 55 percent while increasing revenue, propelling the medical billing software market to grow throughout the forecasted timeframe.

Streamline Coding

ICD (International Classification of Diseases) coding is in its tenth revision (ICD-10), and it is slowly becoming the standard, shared coding system for physicians and medical professionals. A uniform set of medical codes facilitates coding and maintains efficiencies in individual practices. On a larger scale, this classification system enables the development of a comprehensive database of codes that represent specific diseases or courses of therapy. While it is still in its initial stages, artificial intelligence (AI) technology is being utilized to streamline and automate coding and charting. AI can scan medical documents and extract key information for coding and billing. Automating the coding process saves time and reduces data entry errors, allowing records to be updated accurately thus, strengthening the development of the medical billing software market over the projected timeframe.

Restraints:

Deployment Can Be Expensive

Computerized patient billing systems may run on standard off-the-shelf hardware, but the software that powers their database-reliant structures is an investment in proprietary technology that comes at a cost. Obtaining the underlying data may involve scanning a printed document or entering in and verifying data. The combination of a server, workstations, document scanners, and networking, as well as the integration of insurance information, payment processing, and collections capabilities, can drive up the cost of a billing system to the point where it is too expensive for small practices. Moreover, the consistent cost of updating cloud-based software is also high which can also harm the adoption of medical billing software. The cloud-based billing software is also prone to cyber-attacks which can result in the loss of critical patient data thereby, hampering the adoption rate of the medical billing software market over the analysis period.

Opportunities:

Medical Billing And EHR Software Becoming Interoperable

The integration of medical billing with electronic health records (EHR) is the latest trend that offers plenty of excellent benefits for healthcare providers of all sizes. One of the main advantages is that data entry requires much less time. Manually entering data into electronic systems is both time-consuming and tedious, but when medical billing and EHR software become interoperable, users can reduce this work by eliminating the need to double enter patient data. Higher reimbursement rates are another advantage, as it allows users to enhance their first pass claim rate. When the data entry burden and the potential for typographic errors are reduced, errors that can lead to costly denials are reduced. Integrating these technologies also provides users with a centralized management solution that will take care of all practice management needs rather than bouncing back and forth between multiple platforms. Integrated and interoperable systems also facilitate communication between internal practice systems. It makes it simple to swipe or find information across all systems, eliminating the risk of human error. All the above-mentioned factors are expected to create lucrative opportunities for market players over the forecasted timeframe as more hospitals & clinics will adopt medical billing software.

Market Segmentation Analysis of Medical Billing Software Market

By System Type, the open segment is expected to lead the growth of the medical billing software market in the projected period. Unlike the closed system, an open medical billing system demonstrates the importance of a synergetic design. The patient's complete health data is transferred to more than one practice via Electronic Health Record (EHRs). This type of billing system allows providers, patients, key stakeholders, insurance payers, medical billing teams, and even third-party vendors and multiple healthcare organizations to easily access information. When viewed by several healthcare providers, EHRs contain more information than an EMR and enable editing. Open medical billing is widely opted, owing to the flexibility provided, for excellent Healthcare consisting of numerous departments.

By Deployment Type, the cloud-based segment is anticipated to have the highest share of the medical billing software market during the analysis period. Using a billing software system that operates on a cloud-based server eliminates the possibility of a loss of data. Information on cloud-based servers is securely encrypted across numerous servers, with multiple backups. Users do not have to worry about losing files due to a fire or other natural disaster, and they can deliver services offline while the Internet is down and then immediately upload saved billing information when the connection is restored.

By Functions, the claim management segment is expected to have the highest share of the medical billing software market over the analysis period. Electronic claims processing provides less room for error and allows for more efficient and faster claim submission. Resubmitting a claim takes a long time, but a solid medical billing system can accelerate the process. The best systems validate claims and claim codes before submission, alerting users to potential issues before filing the claim. AMA has indicated that by using electronic claim processing, the cost of processing can be cut from 14 % of revenue to 1 %, thereby supporting the segment's growth.

By End Users, the hospital segment is forecasted to dominate in the projected period. During the forecast period, the segment is expected to maintain its dominance. This is primarily due to the growing demand for hospital finance services. Furthermore, hospital consolidation affects the reimbursement and billing process. Hospitals in developing as well as in underdeveloped countries act as primary healthcare sources thus, the registration of patients in hospitals is more thus, supporting the expansion of the segment.

Regional Analysis of Medical Billing Software Market

The North American region is anticipated to lead the development of the medical billing software market over the forecasted timeframe. The dominance of this region is attributed to the presence of prominent key players, such as Kareo, TheraBill - WebPT, TherapyNotes, LLC, Athena Health, and Practice Fusion. Several studies conducted over the last two decades have found that administrative expenses account for approximately 15% to 25% of total the United States health care expenditures, an amount that represents an estimated $600 billion to $1 trillion per year of total national health expenditures of $3.8 trillion in 2019. The key drivers of these expenses are billing and coding fees, physician administrative activities, and insurance administrative costs. Medical billing software can help in reducing these costs and thereby decreasing the cost incurred by patients, and administration thus, boosting the adoption rate of medical billing software in this region.

The European region is expected to have the second highest share of the medical billing software market in the analysis period. The growth in this market can be attributed to the rising geriatric population and the increasing prevalence of chronic diseases. According to Eurostat, more than one in every three EU citizens aged 16 and up reported having a long-standing disease or health problem in 2019. The growing prevalence of chronic diseases is expected to increase the number of visits of individuals to healthcare facilities for a routine health checkups. This in turn will create a large amount of database and increase the number of filings for healthcare claims. Thus, to regulate healthcare claims, there has been a significant rise in the adoption rate of medical billing software in this region.

The medical billing software market in the APAC region is forecasted to develop at the highest CAGR. India, China, Australia, Japan, South Korea, and Australia are the prominent countries responsible for the growth of the market in this region. Governments in this region are investing in the medical sector to digitize the healthcare sector. For instance, the Indian government has increased its spending by 73% on public healthcare for 2021-2022. This funding will be utilized to digitize the healthcare sector as well as for other initiations started by the government. Similar initiatives by other governments are expected to attract key players to start their operations in this region thus, consolidating the expansion of the medical billing software market in the projected period.

COVID-19 Impact Analysis on Medical Billing Software Market

The COVID-19 pandemic halted market growth due to the closure of several healthcare facilities as a result of financial issues. The pandemic hampered the medical billing software market due to decreased patient volume and solvency. However, rising healthcare labor costs and a drop in healthcare revenue boosted market adoption among large healthcare organizations. Technology is a fundamental differentiator in today's healthcare systems, including previous localized healthcare systems. The pandemic boosted digital development, which had a significant positive impact on the market. The market is expected to grow significantly post-COVID. This is mostly due to the company resuming operations and adapting to a new normal while recovering from the effects of COVID-19. Previously, this resulted in tight containment measures, such as the restriction of social distance, telework, and commercial activities, posing operational challenges.

Key Players of the Medical Billing Software Market

  • AdvancedMD, Inc.
  • Kareo
  • WebPT
  • CareCloud
  • PracticeSuit
  • Docpulse
  • CentralReach
  • AllMeds
  • GE Centricity
  • McKesson
  • CureMD
  • EverCommerce Inc.
  • Other Major Players

Key Industry Development In The Medical Billing Software Market

  • In May 2022, Populus Media announced the expansion of its Virtual Care Media Network in collaboration with CureMD. Populus Media will be able to extend the reach of their Virtual Care Media Network to CureMD's physicians as well as patients for a variety of outreach and engagement programs as a result of the partnership.
  • In November 2021, EverCommerce Inc. has announced the completion of its acquisition of DrChrono Inc. DrChrono has joined the EverCommerce suite of integrated SaaS solutions covering business management, payment acceptance, marketing technology, and customer interaction to assist service-based enterprises in accelerating growth, streamlining operations, and increasing retention.

Global Medical Billing Software Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 87.95 Mn.

Forecast Period 2022-28 CAGR:

11.3%

Market Size in 2028:

USD 186.08 Mn

Segments Covered:

By Deployment Type

  • Cloud
  • On-Premises

By Function

  • Patient Pre-Registration
  • Claims Management
  • Billing and Collection
  • Accounting and Financial Management
  • Others

By System Type

  • Closed
  • Open
  • Isolated

By End User

  • Hospitals
  • Clinics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Reduction in Paperwork, and Time-effectiveness
  • Streamline Coding

Key Market Restraints:

  • Deployment can be expensive

Key Opportunities:

  • Medical Billing and EHR Software Becoming Interoperable

Companies Covered in the report:

  • Kareo, WebPT, CareCloud, PracticeSuit, Docpulse, and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Price

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Medical Billing Software Market by Type
 4.1 Medical Billing Software Market Overview Snapshot and Growth Engine
 4.2 Medical Billing Software Market Overview
 4.3 Compliance Tracking
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Compliance Tracking: Grographic Segmentation
 4.4 Claims Scrubbing
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Claims Scrubbing: Grographic Segmentation
 4.5 Code & Charge Entry
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Code & Charge Entry: Grographic Segmentation

Chapter 5: Medical Billing Software Market by Application
 5.1 Medical Billing Software Market Overview Snapshot and Growth Engine
 5.2 Medical Billing Software Market Overview
 5.3 Hospitals
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Hospitals: Grographic Segmentation
 5.4 Clinics
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Clinics: Grographic Segmentation
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Grographic Segmentation

Chapter 6: Medical Billing Software Market by Price
 6.1 Medical Billing Software Market Overview Snapshot and Growth Engine
 6.2 Medical Billing Software Market Overview
 6.3 Monthly
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Monthly: Grographic Segmentation
 6.4 One Time
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 One Time: Grographic Segmentation
 6.5 Annual
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Annual: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Medical Billing Software Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Medical Billing Software Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Medical Billing Software Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 KAREO
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 BRIGHTREE
 7.4 ATHENACOLLECTOR
 7.5 WEBPT
 7.6 PRACTICE FUSION
 7.7 THERAPYNOTES
 7.8 THERABILL
 7.9 NEXTGEN
 7.10 CHIROTOUCH
 7.11 GE
 7.12 POINTCLICKCARE
 7.13 AZALEA HEALTH
 7.14 CENTRALREACH
 7.15 FACETS
 7.16 DRCHRONO
 7.17 NUEMD
 7.18 EZ CLAIM
 7.19 CHARM HEALTH
 7.20 PHREESIA
 7.21 ADVANCEDMD

Chapter 8: Global Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Compliance Tracking
  8.2.2 Claims Scrubbing
  8.2.3 Code & Charge Entry
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Hospitals
  8.3.2 Clinics
  8.3.3 Others
 8.4 Historic and Forecasted Market Size By Price
  8.4.1 Monthly
  8.4.2 One Time
  8.4.3 Annual

Chapter 9: North America Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Compliance Tracking
  9.4.2 Claims Scrubbing
  9.4.3 Code & Charge Entry
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Hospitals
  9.5.2 Clinics
  9.5.3 Others
 9.6 Historic and Forecasted Market Size By Price
  9.6.1 Monthly
  9.6.2 One Time
  9.6.3 Annual
 9.7 Historic and Forecast Market Size by Country
  9.7.1 U.S.
  9.7.2 Canada
  9.7.3 Mexico

Chapter 10: Europe Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Compliance Tracking
  10.4.2 Claims Scrubbing
  10.4.3 Code & Charge Entry
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Hospitals
  10.5.2 Clinics
  10.5.3 Others
 10.6 Historic and Forecasted Market Size By Price
  10.6.1 Monthly
  10.6.2 One Time
  10.6.3 Annual
 10.7 Historic and Forecast Market Size by Country
  10.7.1 Germany
  10.7.2 U.K.
  10.7.3 France
  10.7.4 Italy
  10.7.5 Russia
  10.7.6 Spain

Chapter 11: Asia-Pacific Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Compliance Tracking
  11.4.2 Claims Scrubbing
  11.4.3 Code & Charge Entry
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Hospitals
  11.5.2 Clinics
  11.5.3 Others
 11.6 Historic and Forecasted Market Size By Price
  11.6.1 Monthly
  11.6.2 One Time
  11.6.3 Annual
 11.7 Historic and Forecast Market Size by Country
  11.7.1 China
  11.7.2 India
  11.7.3 Japan
  11.7.4 Southeast Asia

Chapter 12: South America Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Compliance Tracking
  12.4.2 Claims Scrubbing
  12.4.3 Code & Charge Entry
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Hospitals
  12.5.2 Clinics
  12.5.3 Others
 12.6 Historic and Forecasted Market Size By Price
  12.6.1 Monthly
  12.6.2 One Time
  12.6.3 Annual
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Brazil
  12.7.2 Argentina

Chapter 13: Middle East & Africa Medical Billing Software Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Compliance Tracking
  13.4.2 Claims Scrubbing
  13.4.3 Code & Charge Entry
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Hospitals
  13.5.2 Clinics
  13.5.3 Others
 13.6 Historic and Forecasted Market Size By Price
  13.6.1 Monthly
  13.6.2 One Time
  13.6.3 Annual
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Saudi Arabia
  13.7.2 South Africa

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Medical Billing Software Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 87.95 Mn.

Forecast Period 2022-28 CAGR:

11.3%

Market Size in 2028:

USD 186.08 Mn

Segments Covered:

By Deployment Type

  • Cloud
  • On-Premises

By Function

  • Patient Pre-Registration
  • Claims Management
  • Billing and Collection
  • Accounting and Financial Management
  • Others

By System Type

  • Closed
  • Open
  • Isolated

By End User

  • Hospitals
  • Clinics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Reduction in Paperwork, and Time-effectiveness
  • Streamline Coding

Key Market Restraints:

  • Deployment can be expensive

Key Opportunities:

  • Medical Billing and EHR Software Becoming Interoperable

Companies Covered in the report:

  • Kareo, WebPT, CareCloud, PracticeSuit, Docpulse, and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MEDICAL BILLING SOFTWARE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MEDICAL BILLING SOFTWARE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MEDICAL BILLING SOFTWARE MARKET COMPETITIVE RIVALRY
TABLE 005. MEDICAL BILLING SOFTWARE MARKET THREAT OF NEW ENTRANTS
TABLE 006. MEDICAL BILLING SOFTWARE MARKET THREAT OF SUBSTITUTES
TABLE 007. MEDICAL BILLING SOFTWARE MARKET BY TYPE
TABLE 008. COMPLIANCE TRACKING MARKET OVERVIEW (2016-2028)
TABLE 009. CLAIMS SCRUBBING MARKET OVERVIEW (2016-2028)
TABLE 010. CODE & CHARGE ENTRY MARKET OVERVIEW (2016-2028)
TABLE 011. MEDICAL BILLING SOFTWARE MARKET BY APPLICATION
TABLE 012. HOSPITALS MARKET OVERVIEW (2016-2028)
TABLE 013. CLINICS MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. MEDICAL BILLING SOFTWARE MARKET BY PRICE
TABLE 016. MONTHLY MARKET OVERVIEW (2016-2028)
TABLE 017. ONE TIME MARKET OVERVIEW (2016-2028)
TABLE 018. ANNUAL MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY TYPE (2016-2028)
TABLE 020. NORTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY APPLICATION (2016-2028)
TABLE 021. NORTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY PRICE (2016-2028)
TABLE 022. N MEDICAL BILLING SOFTWARE MARKET, BY COUNTRY (2016-2028)
TABLE 023. EUROPE MEDICAL BILLING SOFTWARE MARKET, BY TYPE (2016-2028)
TABLE 024. EUROPE MEDICAL BILLING SOFTWARE MARKET, BY APPLICATION (2016-2028)
TABLE 025. EUROPE MEDICAL BILLING SOFTWARE MARKET, BY PRICE (2016-2028)
TABLE 026. MEDICAL BILLING SOFTWARE MARKET, BY COUNTRY (2016-2028)
TABLE 027. ASIA PACIFIC MEDICAL BILLING SOFTWARE MARKET, BY TYPE (2016-2028)
TABLE 028. ASIA PACIFIC MEDICAL BILLING SOFTWARE MARKET, BY APPLICATION (2016-2028)
TABLE 029. ASIA PACIFIC MEDICAL BILLING SOFTWARE MARKET, BY PRICE (2016-2028)
TABLE 030. MEDICAL BILLING SOFTWARE MARKET, BY COUNTRY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA MEDICAL BILLING SOFTWARE MARKET, BY TYPE (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA MEDICAL BILLING SOFTWARE MARKET, BY APPLICATION (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA MEDICAL BILLING SOFTWARE MARKET, BY PRICE (2016-2028)
TABLE 034. MEDICAL BILLING SOFTWARE MARKET, BY COUNTRY (2016-2028)
TABLE 035. SOUTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY TYPE (2016-2028)
TABLE 036. SOUTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY APPLICATION (2016-2028)
TABLE 037. SOUTH AMERICA MEDICAL BILLING SOFTWARE MARKET, BY PRICE (2016-2028)
TABLE 038. MEDICAL BILLING SOFTWARE MARKET, BY COUNTRY (2016-2028)
TABLE 039. KAREO: SNAPSHOT
TABLE 040. KAREO: BUSINESS PERFORMANCE
TABLE 041. KAREO: PRODUCT PORTFOLIO
TABLE 042. KAREO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. BRIGHTREE: SNAPSHOT
TABLE 043. BRIGHTREE: BUSINESS PERFORMANCE
TABLE 044. BRIGHTREE: PRODUCT PORTFOLIO
TABLE 045. BRIGHTREE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. ATHENACOLLECTOR: SNAPSHOT
TABLE 046. ATHENACOLLECTOR: BUSINESS PERFORMANCE
TABLE 047. ATHENACOLLECTOR: PRODUCT PORTFOLIO
TABLE 048. ATHENACOLLECTOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. WEBPT: SNAPSHOT
TABLE 049. WEBPT: BUSINESS PERFORMANCE
TABLE 050. WEBPT: PRODUCT PORTFOLIO
TABLE 051. WEBPT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. PRACTICE FUSION: SNAPSHOT
TABLE 052. PRACTICE FUSION: BUSINESS PERFORMANCE
TABLE 053. PRACTICE FUSION: PRODUCT PORTFOLIO
TABLE 054. PRACTICE FUSION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. THERAPYNOTES: SNAPSHOT
TABLE 055. THERAPYNOTES: BUSINESS PERFORMANCE
TABLE 056. THERAPYNOTES: PRODUCT PORTFOLIO
TABLE 057. THERAPYNOTES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. THERABILL: SNAPSHOT
TABLE 058. THERABILL: BUSINESS PERFORMANCE
TABLE 059. THERABILL: PRODUCT PORTFOLIO
TABLE 060. THERABILL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. NEXTGEN: SNAPSHOT
TABLE 061. NEXTGEN: BUSINESS PERFORMANCE
TABLE 062. NEXTGEN: PRODUCT PORTFOLIO
TABLE 063. NEXTGEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. CHIROTOUCH: SNAPSHOT
TABLE 064. CHIROTOUCH: BUSINESS PERFORMANCE
TABLE 065. CHIROTOUCH: PRODUCT PORTFOLIO
TABLE 066. CHIROTOUCH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. GE: SNAPSHOT
TABLE 067. GE: BUSINESS PERFORMANCE
TABLE 068. GE: PRODUCT PORTFOLIO
TABLE 069. GE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. POINTCLICKCARE: SNAPSHOT
TABLE 070. POINTCLICKCARE: BUSINESS PERFORMANCE
TABLE 071. POINTCLICKCARE: PRODUCT PORTFOLIO
TABLE 072. POINTCLICKCARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. AZALEA HEALTH: SNAPSHOT
TABLE 073. AZALEA HEALTH: BUSINESS PERFORMANCE
TABLE 074. AZALEA HEALTH: PRODUCT PORTFOLIO
TABLE 075. AZALEA HEALTH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. CENTRALREACH: SNAPSHOT
TABLE 076. CENTRALREACH: BUSINESS PERFORMANCE
TABLE 077. CENTRALREACH: PRODUCT PORTFOLIO
TABLE 078. CENTRALREACH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. FACETS: SNAPSHOT
TABLE 079. FACETS: BUSINESS PERFORMANCE
TABLE 080. FACETS: PRODUCT PORTFOLIO
TABLE 081. FACETS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. DRCHRONO: SNAPSHOT
TABLE 082. DRCHRONO: BUSINESS PERFORMANCE
TABLE 083. DRCHRONO: PRODUCT PORTFOLIO
TABLE 084. DRCHRONO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. NUEMD: SNAPSHOT
TABLE 085. NUEMD: BUSINESS PERFORMANCE
TABLE 086. NUEMD: PRODUCT PORTFOLIO
TABLE 087. NUEMD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. EZ CLAIM: SNAPSHOT
TABLE 088. EZ CLAIM: BUSINESS PERFORMANCE
TABLE 089. EZ CLAIM: PRODUCT PORTFOLIO
TABLE 090. EZ CLAIM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. CHARM HEALTH: SNAPSHOT
TABLE 091. CHARM HEALTH: BUSINESS PERFORMANCE
TABLE 092. CHARM HEALTH: PRODUCT PORTFOLIO
TABLE 093. CHARM HEALTH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. PHREESIA: SNAPSHOT
TABLE 094. PHREESIA: BUSINESS PERFORMANCE
TABLE 095. PHREESIA: PRODUCT PORTFOLIO
TABLE 096. PHREESIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. ADVANCEDMD: SNAPSHOT
TABLE 097. ADVANCEDMD: BUSINESS PERFORMANCE
TABLE 098. ADVANCEDMD: PRODUCT PORTFOLIO
TABLE 099. ADVANCEDMD: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY TYPE
FIGURE 012. COMPLIANCE TRACKING MARKET OVERVIEW (2016-2028)
FIGURE 013. CLAIMS SCRUBBING MARKET OVERVIEW (2016-2028)
FIGURE 014. CODE & CHARGE ENTRY MARKET OVERVIEW (2016-2028)
FIGURE 015. MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY APPLICATION
FIGURE 016. HOSPITALS MARKET OVERVIEW (2016-2028)
FIGURE 017. CLINICS MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY PRICE
FIGURE 020. MONTHLY MARKET OVERVIEW (2016-2028)
FIGURE 021. ONE TIME MARKET OVERVIEW (2016-2028)
FIGURE 022. ANNUAL MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. EUROPE MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. ASIA PACIFIC MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. MIDDLE EAST & AFRICA MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. SOUTH AMERICA MEDICAL BILLING SOFTWARE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Medical Billing Software Market research report?

The forecast period in the Medical Billing Software Market research report is 2022-2028.

Who are the key players in Medical Billing Software Market?

AdvancedMD Inc., Kareo, WebPT, CareCloud, PracticeSuit, Docpulse, CentralReach, AllMeds, GE Centricity, McKesson, CureMD, EverCommerce Inc. , Other Major Players.

What are the segments of the Medical Billing Software Market?

The Medical Billing Software Market is segmented into Deployment Type, System Type, Function, End-Users, and region. By Deployment Type, the market is categorized into Cloud and On-Premise. By System Type, the market is categorized into Closed, Open, and Isolated. By Function, the market is categorized into Patient Pre-Registration, Claims Management, Billing and Collection, Accounting and Financial Management, and Others. By End Users, the market is categorized into Hospitals, Clinics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Medical Billing Software Market?

Medical billing software automates practically every aspect of the healthcare billing cycle, from scheduling a doctor's appointment to processing electronic payments. Medical software can perform a variety of functions, including appointment scheduling and management, remittance management, payment reminders, BI & reporting, patient pre-registration, medical coding support, and electronic medical claim management.

How big is the Medical Billing Software Market?

The Medical Billing Software Market was valued at USD 87.95 Million in 2021 and is projected to reach USD 186.08 Million by 2028, growing at a CAGR of 11.3% from 2022 to 2028.