The Asia Pacific Medical Billing Outsourcing Market is expected to witness market growth of 15.8% CAGR during the forecast period (2021-2027).
With the increasing allocation of budget in the healthcare sector by the government, the pressure on the healthcare systems is also increasing and helps in efficiently utilizing the allocated budget to the fullest. This further gives benefits to the providers or vendors in the global medical billing outsourcing market. In developed nations, investment in the healthcare sector is increasing because a significant portion of the population crossed the 65 years threshold. This put pressure on the healthcare system of these nations to enhance their healthcare infrastructure, improve the inequality of healthcare in the private & public healthcare industries and decrease the reported cases of chronic diseases.
Asia-Pacific region is anticipated to emerge as one of the leading regions of the medical billing outsourcing market owing to the increasing population across this region. This region includes developing nations like India, China and Japan. The governments of these developing nations are taking various initiatives to raise the funds for medical billing outsourcing to augment the growth of the outsourcing industry.
In addition, the growing emphasis on the reduction of error arises in bill processing is also estimated to bolster the growth of the medical billing outsourcing market during the forecast period. The developing nations in the Asia Pacific are projected to record a substantial growth rate over the forecast period due to the reasons such as standardization of the outsourcing practices across the Asia-Pacific region.
There are many healthcare organizations, which outsource their billing processes to the vendors. It is because medical billing outsourcing helps them to minimize billing errors through their experienced and skilled medical billers. These well-trained medical billers have a broad knowledge of the complicated claim submission processes.
Medical billing vendors or providers ensure that their staff gets crucial process training and effectively complete the much-needed quality and domain-driven knowledge assessment. During the work, these medical billers make sure about the accuracy and on-time submissions of the transaction report. It helps in decreasing the number of rejected claims and also reviews & edits the claims for errors-free work before the claim is made to the payer. So, by choosing medical billing outsourcing, healthcare firms can reduce errors, thereby supplementing the growth of the market.
The China market dominated the Asia Pacific Clinics Market by Country in 2020, thereby, achieving a market value of $490.4 million by 2027. The Japan market is exhibiting a CAGR of 17.2% during (2021-2027). Additionally, The India market is poised to grow at a CAGR of 17.3% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
By End Use
By Country
Companies Profiled
Unique Offerings from the Publisher
With the increasing allocation of budget in the healthcare sector by the government, the pressure on the healthcare systems is also increasing and helps in efficiently utilizing the allocated budget to the fullest. This further gives benefits to the providers or vendors in the global medical billing outsourcing market. In developed nations, investment in the healthcare sector is increasing because a significant portion of the population crossed the 65 years threshold. This put pressure on the healthcare system of these nations to enhance their healthcare infrastructure, improve the inequality of healthcare in the private & public healthcare industries and decrease the reported cases of chronic diseases.
Asia-Pacific region is anticipated to emerge as one of the leading regions of the medical billing outsourcing market owing to the increasing population across this region. This region includes developing nations like India, China and Japan. The governments of these developing nations are taking various initiatives to raise the funds for medical billing outsourcing to augment the growth of the outsourcing industry.
In addition, the growing emphasis on the reduction of error arises in bill processing is also estimated to bolster the growth of the medical billing outsourcing market during the forecast period. The developing nations in the Asia Pacific are projected to record a substantial growth rate over the forecast period due to the reasons such as standardization of the outsourcing practices across the Asia-Pacific region.
There are many healthcare organizations, which outsource their billing processes to the vendors. It is because medical billing outsourcing helps them to minimize billing errors through their experienced and skilled medical billers. These well-trained medical billers have a broad knowledge of the complicated claim submission processes.
Medical billing vendors or providers ensure that their staff gets crucial process training and effectively complete the much-needed quality and domain-driven knowledge assessment. During the work, these medical billers make sure about the accuracy and on-time submissions of the transaction report. It helps in decreasing the number of rejected claims and also reviews & edits the claims for errors-free work before the claim is made to the payer. So, by choosing medical billing outsourcing, healthcare firms can reduce errors, thereby supplementing the growth of the market.
The China market dominated the Asia Pacific Clinics Market by Country in 2020, thereby, achieving a market value of $490.4 million by 2027. The Japan market is exhibiting a CAGR of 17.2% during (2021-2027). Additionally, The India market is poised to grow at a CAGR of 17.3% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Medical Billing Outsourcing Market, by Component
1.4.2 Asia Pacific Medical Billing Outsourcing Market, by Service
1.4.3 Asia Pacific Medical Billing Outsourcing Market, by End Use
1.4.4 Asia Pacific 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. Asia Pacific Medical Billing Outsourcing Market by Component
3.1 Asia Pacific Outsourced Market by Country
3.2 Asia Pacific In-house Market by Country
Chapter 4. Asia Pacific Medical Billing Outsourcing Market by Service
4.1 Asia Pacific Front-end Market by Country
4.2 Asia Pacific Back-end Market by Country
4.3 Asia Pacific Middle-end Market by Country
Chapter 5. Asia Pacific Medical Billing Outsourcing Market by End-use
5.1 Asia Pacific Hospitals Market by Country
5.2 Asia Pacific Clinics Market by Country
5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Medical Billing Outsourcing Market by Country
6.1 China Medical Billing Outsourcing Market
6.1.1 China Medical Billing Outsourcing Market by Component
6.1.2 China Medical Billing Outsourcing Market by Service
6.1.3 China Medical Billing Outsourcing Market by End-use
6.2 Japan Medical Billing Outsourcing Market
6.2.1 Japan Medical Billing Outsourcing Market by Component
6.2.2 Japan Medical Billing Outsourcing Market by Service
6.2.3 Japan Medical Billing Outsourcing Market by End-use
6.3 India Medical Billing Outsourcing Market
6.3.1 India Medical Billing Outsourcing Market by Component
6.3.2 India Medical Billing Outsourcing Market by Service
6.3.3 India Medical Billing Outsourcing Market by End-use
6.4 South Korea Medical Billing Outsourcing Market
6.4.1 South Korea Medical Billing Outsourcing Market by Component
6.4.2 South Korea Medical Billing Outsourcing Market by Service
6.4.3 South Korea Medical Billing Outsourcing Market by End-use
6.5 Singapore Medical Billing Outsourcing Market
6.5.1 Singapore Medical Billing Outsourcing Market by Component
6.5.2 Singapore Medical Billing Outsourcing Market by Service
6.5.3 Singapore Medical Billing Outsourcing Market by End-use
6.6 Malaysia Medical Billing Outsourcing Market
6.6.1 Malaysia Medical Billing Outsourcing Market by Component
6.6.2 Malaysia Medical Billing Outsourcing Market by Service
6.6.3 Malaysia Medical Billing Outsourcing Market by End-use
6.7 Rest of Asia Pacific Medical Billing Outsourcing Market
6.7.1 Rest of Asia Pacific Medical Billing Outsourcing Market by Component
6.7.2 Rest of Asia Pacific Medical Billing Outsourcing Market by Service
6.7.3 Rest of Asia Pacific 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 Asia Pacific Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 2 Asia Pacific Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 3 Asia Pacific Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 4 Asia Pacific Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 5 Asia Pacific Outsourced Market by Country, 2017 - 2020, USD Million
Table 6 Asia Pacific Outsourced Market by Country, 2021-2027, USD Million
Table 7 Asia Pacific In-house Market by Country, 2017 - 2020, USD Million
Table 8 Asia Pacific In-house Market by Country, 2021-2027, USD Million
Table 9 Asia Pacific Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 10 Asia Pacific Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 11 Asia Pacific Front-end Market by Country, 2017 - 2020, USD Million
Table 12 Asia Pacific Front-end Market by Country, 2021-2027, USD Million
Table 13 Asia Pacific Back-end Market by Country, 2017 - 2020, USD Million
Table 14 Asia Pacific Back-end Market by Country, 2021-2027, USD Million
Table 15 Asia Pacific Middle-end Market by Country, 2017 - 2020, USD Million
Table 16 Asia Pacific Middle-end Market by Country, 2021-2027, USD Million
Table 17 Asia Pacific Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 18 Asia Pacific Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 19 Asia Pacific Hospitals Market by Country, 2017 - 2020, USD Million
Table 20 Asia Pacific Hospitals Market by Country, 2021-2027, USD Million
Table 21 Asia Pacific Clinics Market by Country, 2017 - 2020, USD Million
Table 22 Asia Pacific Clinics Market by Country, 2021-2027, USD Million
Table 23 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
Table 24 Asia Pacific Others Market by Country, 2021-2027, USD Million
Table 25 Asia Pacific Medical Billing Outsourcing Market by Country, 2017 - 2020, USD Million
Table 26 Asia Pacific Medical Billing Outsourcing Market by Country, 2021-2027, USD Million
Table 27 China Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 28 China Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 29 China Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 30 China Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 31 China Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 32 China Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 33 China Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 34 China Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 35 Japan Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 36 Japan Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 37 Japan Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 38 Japan Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 39 Japan Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 40 Japan Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 41 Japan Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 42 Japan Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 43 India Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 44 India Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 45 India Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 46 India Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 47 India Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 48 India Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 49 India Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 50 India Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 51 South Korea Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 52 South Korea Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 53 South Korea Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 54 South Korea Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 55 South Korea Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 56 South Korea Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 57 South Korea Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 58 South Korea Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 59 Singapore Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 60 Singapore Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 61 Singapore Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 62 Singapore Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 63 Singapore Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 64 Singapore Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 65 Singapore Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 66 Singapore Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 67 Malaysia Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 68 Malaysia Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 69 Malaysia Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 70 Malaysia Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 71 Malaysia Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 72 Malaysia Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 73 Malaysia Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 74 Malaysia Medical Billing Outsourcing Market by End-use, 2021-2027, USD Million
Table 75 Rest of Asia Pacific Medical Billing Outsourcing Market, 2017 - 2020, USD Million
Table 76 Rest of Asia Pacific Medical Billing Outsourcing Market, 2021-2027, USD Million
Table 77 Rest of Asia Pacific Medical Billing Outsourcing Market by Component, 2017 - 2020, USD Million
Table 78 Rest of Asia Pacific Medical Billing Outsourcing Market by Component, 2021-2027, USD Million
Table 79 Rest of Asia Pacific Medical Billing Outsourcing Market by Service, 2017 - 2020, USD Million
Table 80 Rest of Asia Pacific Medical Billing Outsourcing Market by Service, 2021-2027, USD Million
Table 81 Rest of Asia Pacific Medical Billing Outsourcing Market by End-use, 2017 - 2020, USD Million
Table 82 Rest of Asia Pacific 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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