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Europe Medical Billing Outsourcing Market By Component (Outsourced and In-house), By Service (Front-end, Back-end and Middle-end), By End-use (Hospitals, Clinics and others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027

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    Report

  • 77 Pages
  • May 2021
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5345477
The Europe Medical Billing Outsourcing Market is expected to witness market growth of 12.5% CAGR during the forecast period (2021-2027).

Medical billing includes the revenue cycle management (RCM) process that is among the most complicated and important part of the healthcare sector. The existing systems which are used to manage revenue are slowly becoming outdated, owing to the absence of expert knowledge to manage the new payment models & revenue management tools. In addition, the growth of the market is anticipated to be propelled owing to the growing utilization of billing and medical coding processes in the RCM. There are regular alterations in the classification systems for medical coding, which will also bolster the market for medical billing outsourcing. Many new codes were formed for COVID-19.

There are several benefits of medical billing outsourcing, which includes increasing the cash flow, reduction in equipment & software costs, decreasing the staff size & expenses and increasing the focus of the healthcare providers on their core activities. The growing geographical reach of the major companies by mergers & acquisitions is estimated to encourage the market for medical billing outsourcing in the forthcoming years.

The European region is among the major market for outsourcing medical billing services that is significantly driven by the increasing demand for reduction in the total healthcare costs. This region has more growth potential due to the aspects like ever-changing pricing and reimbursement policies, consolidation of big healthcare providers, and growing pressure on European healthcare providers to develop more sustainable healthcare systems.

All these factors will provide lucrative opportunities for the key players and regional players of the market to increase their market size. Europe region includes prominent countries like Germany and the UK, which have more healthcare budget allocation that will further increase the demand for medical billing outsourcing in the region for more efficient and effective utilization of funds.

The Germany market dominated the Europe Back-end Market by Country in 2020, thereby, achieving a market value of $228.7 million by 2027. The UK market is showcasing a CAGR of 11.5% during (2021-2027). Additionally, The France market is anticipated to witness a CAGR of 14% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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
  • Outsourced
  • In-house

By Service
  • Front-end
  • Back-end
  • Middle-end

By End Use
  • Hospitals
  • Clinics
  • Others

By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Companies Profiled
  • 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

Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Medical Billing Outsourcing Market, by Component
1.4.2 Europe Medical Billing Outsourcing Market, by Service
1.4.3 Europe Medical Billing Outsourcing Market, by End Use
1.4.4 Europe 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. Europe Medical Billing Outsourcing Market by Component
3.1 Europe Outsourced Market by Country
3.2 Europe In-house Market by Country

Chapter 4. Europe Medical Billing Outsourcing Market by Service
4.1 Europe Front-end Market by Country
4.2 Europe Back-end Market by Country
4.3 Europe Middle-end Market by Country

Chapter 5. Europe Medical Billing Outsourcing Market by End-use
5.1 Europe Hospitals Market by Country
5.2 Europe Clinics Market by Country
5.3 Europe Others Market by Country

Chapter 6. Europe Medical Billing Outsourcing Market by Country
6.1 Germany Medical Billing Outsourcing Market
6.1.1 Germany Medical Billing Outsourcing Market by Component
6.1.2 Germany Medical Billing Outsourcing Market by Service
6.1.3 Germany Medical Billing Outsourcing Market by End-use
6.2 UK Medical Billing Outsourcing Market
6.2.1 UK Medical Billing Outsourcing Market by Component
6.2.2 UK Medical Billing Outsourcing Market by Service
6.2.3 UK Medical Billing Outsourcing Market by End-use
6.3 France Medical Billing Outsourcing Market
6.3.1 France Medical Billing Outsourcing Market by Component
6.3.2 France Medical Billing Outsourcing Market by Service
6.3.3 France Medical Billing Outsourcing Market by End-use
6.4 Russia Medical Billing Outsourcing Market
6.4.1 Russia Medical Billing Outsourcing Market by Component
6.4.2 Russia Medical Billing Outsourcing Market by Service
6.4.3 Russia Medical Billing Outsourcing Market by End-use
6.5 Spain Medical Billing Outsourcing Market
6.5.1 Spain Medical Billing Outsourcing Market by Component
6.5.2 Spain Medical Billing Outsourcing Market by Service
6.5.3 Spain Medical Billing Outsourcing Market by End-use
6.6 Italy Medical Billing Outsourcing Market
6.6.1 Italy Medical Billing Outsourcing Market by Component
6.6.2 Italy Medical Billing Outsourcing Market by Service
6.6.3 Italy Medical Billing Outsourcing Market by End-use
6.7 Rest of Europe Medical Billing Outsourcing Market
6.7.1 Rest of Europe Medical Billing Outsourcing Market by Component
6.7.2 Rest of Europe Medical Billing Outsourcing Market by Service
6.7.3 Rest of Europe 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:List of Tables
Table 1 Europe Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 2 Europe Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 3 Europe Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 4 Europe Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 5 Europe Outsourced Market by Country, 2017 - 2020, USD Million
Table 6 Europe Outsourced Market by Country, 2021-2027, USD Million
Table 7 Europe In-house Market by Country, 2017 - 2020, USD Million
Table 8 Europe In-house Market by Country, 2021-2027, USD Million
Table 9 Europe Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 10 Europe Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 11 Europe Front-end Market by Country, 2017 - 2020, USD Million
Table 12 Europe Front-end Market by Country, 2021-2027, USD Million
Table 13 Europe Back-end Market by Country, 2017 - 2020, USD Million
Table 14 Europe Back-end Market by Country, 2021-2027, USD Million
Table 15 Europe Middle-end Market by Country, 2017 - 2020, USD Million
Table 16 Europe Middle-end Market by Country, 2021-2027, USD Million
Table 17 Europe Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 18 Europe Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 19 Europe Hospitals Market by Country, 2017 - 2020, USD Million
Table 20 Europe Hospitals Market by Country, 2021-2027, USD Million
Table 21 Europe Clinics Market by Country, 2017 - 2020, USD Million
Table 22 Europe Clinics Market by Country, 2021-2027, USD Million
Table 23 Europe Others Market by Country, 2017 - 2020, USD Million
Table 24 Europe Others Market by Country, 2021-2027, USD Million
Table 25 Europe Medical Billing Outsourcing Market by Country, 2017 - 2020, USD Million
Table 26 Europe Medical Billing Outsourcing Market by Country, 2021-2027, USD Million
Table 27 Germany Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 28 Germany Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 29 Germany Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 30 Germany Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 31 Germany Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 32 Germany Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 33 Germany Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 34 Germany Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 35 UK Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 36 UK Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 37 UK Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 38 UK Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 39 UK Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 40 UK Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 41 UK Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 42 UK Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 43 France Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 44 France Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 45 France Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 46 France Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 47 France Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 48 France Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 49 France Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 50 France Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 51 Russia Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 52 Russia Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 53 Russia Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 54 Russia Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 55 Russia Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 56 Russia Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 57 Russia Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 58 Russia Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 59 Spain Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 60 Spain Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 61 Spain Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 62 Spain Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 63 Spain Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 64 Spain Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 65 Spain Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 66 Spain Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 67 Italy Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 68 Italy Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 69 Italy Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 70 Italy Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 71 Italy Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 72 Italy Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 73 Italy Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 74 Italy Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 75 Rest of Europe Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 76 Rest of Europe Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 77 Rest of Europe Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 78 Rest of Europe Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 79 Rest of Europe Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 80 Rest of Europe Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 81 Rest of Europe Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 82 Rest of Europe 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

Companies Mentioned

  • 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

Methodology

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