A significant rise in the number of patients has resulted in increasing medical processes, such as records of patient check-in and insurance eligibility. This is catalyzing the demand for managing high-volume transactions worldwide. Moreover, as medical billing outsourcing assists various clinics and hospitals in efficiently managing the patient and billings records, reducing the cost and ensuring effective handling of in-house billing functions, its demand is escalating around the world. Furthermore, several key vendors are offering RCM with electronic medical records (EMR) for improved patient outcomes, which in turn is expected to create a positive outlook for the market in the coming years.
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Insights on Market Segmentation:
Breakup by Component:
- In-House
- Outsourced
- Front End
- Middle End
- Back End
- Hospitals
- Physician Offices
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Accretive Health, Allscripts, Cerner Corporation, EClinicalWorks, Experian Information Solutions Inc., GE Healthcare, Genpact, HCL Technologies, Kareo, McKesson Corporation, Quest Diagnostics, R1 RCM Inc., Ltd.
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