Posted 4/16/2024, 6:05:00 AM
Medical Billing Outsourcing Market To Reach $40 Billion by 2032, Driven by Provider Demand To Focus on Patient Care
- Medical billing outsourcing market valued at $14.1 billion in 2023, expected to reach $40.1 billion by 2032 at 12.3% CAGR
- Outsourcing allows providers to focus on patient care while ensuring accurate billing and regulatory compliance
- Front-end services like registration and insurance verification hold major share of outsourcing market
- Hospitals are major end-use segment due to high patient volume and billing data
- North America accounts for large share of market due to high adoption of outsourcing services
