Medical billing is a payment practice within the United States health system. The process involves a healthcare provider obtaining insurance information from a patient, filing a claim, following up on, and appealing claims with health insurance companies in order to receive payment for services rendered; such as testing, treatments, and procedures. The same process is used for most insurance companies, whether they are private companies or government sponsored programs: Medical coding reports what the diagnosis and treatment were, and prices are applied accordingly. Medical billers are encouraged, but not required by law, to become certified by taking an exam such as the CMRS Exam, RHIA Exam, CPB Exam[1] and others. Certification schools are intended to provide a theoretical grounding for students entering the medical billing field. Some community colleges in the United States offer certificates, or even associate degrees, in the field. Those seeking advancement may be cross-trained in medical coding or transcription or auditing, and may earn a bachelor's or graduate degree in medical information science and technology.
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Case numbers are resurging in parts of the world where the COVID-19 pandemic was waning, falling in places that saw huge surges recently, and just beginning to rise in previously little-impacted parts of the globe.
Studying and analyzing the impact of Coronavirus COVID-19 on the Medical Billing industry, the report provide in-depth analysis and professtional advices on how to face the post COIVD-19 period.
Market Segment by Product Type
Cloud-based
On-premise
Market Segment by Product Application
Hospitals
Clinics
Finally, the report provides detailed profile and data information analysis of leading company.
Iridium Suite
NueMD
Mercury Medical
Medical Mastermind
iPatientCare
Insights and Tools:
Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.
Product values and regional markets are estimated by market analyst, data analyst and people from related industry, based on companys' revenue and applications market respectively.
The data sources include but not limited to reports of companys,international organizations and governments, MMI market surveys,and related industry news.
Analyses of global market trends, with historical data, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2027
The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.
In addition, the report provides insight into main drivers,challenges,opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global market discussed.
Research Objectives
1.To study and analyze the global Medical Billing consumption (value) by key regions/countries, product type and application, history data from 2017 to 2021, and forecast to 2027.
2.To understand the structure of Medical Billing market by identifying its various subsegments.
3.Focuses on the key global Medical Billing manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Medical Billing with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Medical Billing submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
Global Medical Billing Market Status and Outlook 2022-2027
Market Study Overview
1.1 Study Objectives
1.2 Medical Billing Introduce
1.3 Combined with the Analysis of Macroeconomic Indicators
1.4 Brief Description of Research methods
1.5 Market Breakdown and Data Triangulation
2 Global Trend Summary
2.1 Medical Billing Segment by Type
2.1.1 Cloud-based
2.1.2 On-premise
2.2 Market Analysis by Application
2.2.1 Hospitals
2.2.2 Clinics
2.3 Global Medical Billing Market Comparison by Regions (2017-2027)
2.3.1 Global Medical Billing Market Size (2017-2027)
2.3.2 North America Medical Billing Status and Prospect (2017-2027)
2.3.3 Europe Medical Billing Status and Prospect (2017-2027)
2.3.4 Asia-pacific Medical Billing Status and Prospect (2017-2027)
2.3.5 South America Medical Billing Status and Prospect (2017-2027)
2.3.6 Middle East & Africa Medical Billing Status and Prospect (2017-2027)
2.5 Coronavirus Disease 2019 (Covid-19): Medical Billing Industry Impact
2.5.1 Medical Billing Business Impact Assessment - Covid-19
2.5.2 Market Trends and Medical Billing Potential Opportunities in the COVID-19 Landscape
2.5.3 Measures / Proposal against Covid-19
3 Competition by Vendors
3.1 Global Medical Billing Revenue and Market Share by Vendors (2017-2022)
3.2 Global Medical Billing Industry Concentration Ratio (CR5 and HHI)
3.3 Top 5 Medical Billing Vendors Market Share
3.4 Top 10 Medical Billing Vendors Market Share
3.5 Date of Key Vendors Enter into Medical Billing Market
3.6 Key Vendors Medical Billing Product Offered
3.7 Mergers & Acquisitions Planning
4 Analysis of Medical Billing Industry Key Vendors
4.1 Iridium Suite
4.1.1 Company Details
4.1.2 Product Introduction, Application and Specification
4.1.3 Iridium Suite Medical Billing Gross Margin, and Revenue (2017-2022)
4.1.4 Main Business Overview
4.1.5 Iridium Suite News
4.2 NueMD
4.2.1 Company Details
4.2.2 Product Introduction, Application and Specification
4.2.3 NueMD Medical Billing Gross Margin, and Revenue (2017-2022)
4.2.4 Main Business Overview
4.2.5 NueMD News
4.3 Mercury Medical
4.3.1 Company Details
4.3.2 Product Introduction, Application and Specification
4.3.3 Mercury Medical Medical Billing Gross Margin, and Revenue (2017-2022)
4.3.4 Main Business Overview
4.3.5 Mercury Medical News
4.4 Medical Mastermind
4.4.1 Company Details
4.4.2 Product Introduction, Application and Specification
4.4.3 Medical Mastermind Medical Billing Gross Margin, and Revenue (2017-2022)
4.4.4 Main Business Overview
4.4.5 Medical Mastermind News
4.5 iPatientCare
4.5.1 Company Details
4.5.2 Product Introduction, Application and Specification
4.5.3 iPatientCare Medical Billing Gross Margin, and Revenue (2017-2022)
4.5.4 Main Business Overview
4.5.5 iPatientCare News
5 Global Medical Billing Market Size Categorized by Regions
5.1 Global Medical Billing Revenue and Market Share by Regions
5.2 North America Medical Billing Revenue and Growth Rate (2017-2022)
5.3 Europe Medical Billing Revenue and Growth Rate (2017-2022)
5.4 Asia-pacific Medical Billing Revenue and Growth Rate (2017-2022)
5.5 South America Medical Billing Revenue and Growth Rate (2017-2022)
5.6 Middle East & Africa Medical Billing Revenue and Growth Rate (2017-2022)
6 North America Medical Billing Market Size Categorized by Countries
6.1 North America Medical Billing Revenue and Market Share by Countries
6.1.1 North America Medical Billing Market Size by Countries (2017-2022)
6.1.2 United States Medical Billing Revenue and Growth Rate (2017-2022)
6.1.3 Canada Medical Billing Revenue and Growth Rate (2017-2022)
6.1.4 Mexico Medical Billing Revenue and Growth Rate (2017-2022)
6.2 North America Medical Billing Revenue (Value) by Vendors
6.3 North America Medical Billing Revenue and Market Share by Type (2017-2022)
6.4 North America Medical Billing Revenue and Market Share by Application (2017-2022)
7 Europe Medical Billing Market Size Categorized by Countries
7.1 Europe Medical Billing Revenue and Market Share by Countries
7.1.1 Europe Medical Billing Market Size by Countries (2017-2022)
7.1.2 Germany Medical Billing Revenue and Growth Rate (2017-2022)
7.1.3 UK Medical Billing Revenue and Growth Rate (2017-2022)
7.1.4 France Medical Billing Revenue and Growth Rate (2017-2022)
7.1.5 Russia Medical Billing Revenue and Growth Rate (2017-2022)
7.1.6 Italy Medical Billing Revenue and Growth Rate (2017-2022)
7.1.7 Spain Medical Billing Revenue and Growth Rate (2017-2022)
7.2 Europe Medical Billing Revenue (Value) by Vendors
7.3 Europe Medical Billing Revenue and Market Share by Type (2017-2022)
7.4 Europe Medical Billing Revenue and Market Share by Application (2017-2022)
8 Asia-pacific Medical Billing Market Size Categorized by Countries
8.1 Asia-pacific Medical Billing Revenue and Market Share by Countries
8.1.1 Asia-pacific Medical Billing Market Size by Countries (2017-2022)
8.1.2 China Medical Billing Revenue and Growth Rate (2017-2022)
8.1.3 South Korea Medical Billing Revenue and Growth Rate (2017-2022)
8.1.4 Japan Medical Billing Revenue and Growth Rate (2017-2022)
8.1.5 Australia Medical Billing Revenue and Growth Rate (2017-2022)
8.1.6 India Medical Billing Revenue and Growth Rate (2017-2022)
8.1.7 Southeast Asia Medical Billing Revenue and Growth Rate (2017-2022)
8.2 Asia-pacific Medical Billing Revenue (Value) by Vendors
8.3 Asia-pacific Medical Billing Revenue and Market Share by Type (2017-2022)
8.4 Asia-pacific Medical Billing Revenue and Market Share by Application (2017-2022)
9 South America Medical Billing Market Size Categorized by Countries
9.1 South America Medical Billing Revenue and Market Share by Countries
9.1.1 South America Medical Billing Market Size by Countries (2017-2022)
9.1.2 Brazil Medical Billing Revenue and Growth Rate (2017-2022)
9.1.3 Chile Medical Billing Revenue and Growth Rate (2017-2022)
9.2 South America Medical Billing Revenue and Market Share by Type (2017-2022)
9.3 South America Medical Billing Revenue and Market Share by Application (2017-2022)
10 Middle East and Africa Medical Billing Market Size Categorized by Countries
10.1 Middle East and Africa Medical Billing Revenue and Market Share by Countries
10.1.1 Middle East and Africa Medical Billing Market Size by Countries (2017-2022)
10.1.2 GCC Countries Medical Billing Revenue and Growth Rate (2017-2022)
10.1.3 Turkey Medical Billing Revenue and Growth Rate (2017-2022)
10.1.4 Egypt Medical Billing Revenue and Growth Rate (2017-2022)
10.1.5 South Africa Medical Billing Revenue and Growth Rate (2017-2022)
10.2 Middle East and Africa Medical Billing Revenue and Market Share by Type
10.3 Middle East and Africa Medical Billing Revenue Market Share by Application (2017-2022)
11 Global Medical Billing Market Segment by Type
11.1 Global Medical Billing Revenue and Market Share by Type (2017-2022)
11.2 Cloud-based Revenue Growth Rate and Price
11.3 On-premise Revenue Growth Rate and Price
12 Global Medical Billing Market Segment by Application
12.1 Global Medical Billing Revenue Market Share by Application (2017-2022)
12.2 Hospitals Revenue Growth Rate (2017-2022)
12.3 Clinics Revenue Growth Rate (2017-2022)
13 Global Medical Billing Market Forecast
13.1 Global Medical Billing Revenue and Growth Rate (2022-2027)
13.2 Medical Billing Market Forecast by Regions (2022-2027)
13.2.1 North America Medical Billing Market Forecast (2022-2027)
13.2.2 Europe Medical Billing Market Forecast (2022-2027)
13.2.3 Asia-Pacific Medical Billing Market Forecast (2022-2027)
13.2.4 South America Medical Billing Market Forecast (2022-2027)
13.2.5 Middle East & Africa Medical Billing Market Forecast (2022-2027)
13.3 Medical Billing Market Forecast by Type (2022-2027)
13.3.1 Global Medical Billing Revenue Forecast by Type (2022-2027)
13.3.2 Global Medical Billing Market Share Forecast by Type (2022-2027)
13.4 Medical Billing Market Forecast by Application (2022-2027)
13.4.1 Global Medical Billing Revenue Forecast by Application (2022-2027)
14 Market Analysis
14.1.1 Market overview
14.1.2 Market Opportunities
14.1.3 Market Risk
14.1.4 Market Driving Force
14.1.5 Porter's Five Forces Analysis
14.1.6 SWOT Analysis
15 Downstream Market Analysis
15.1 Macro Analysis of Down Markets
15.2 Key Players in Down Markets
16 Research Findings and Conclusion
List of Tables and Figures
Figure Product Picture Medical Billing
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Figure Part of Our External Database
Figure Key Executives Interviewed
Table Global Medical Billing Market Size (Million US$) by Type
Figure Global Market Share of Medical Billing by Type in 2021
Figure Cloud-based Picture
Figure On-premise Picture
Table Global Medical Billing Market Size (Million US$) by Application
Figure Global Medical Billing Market Share by Application in 2021
Figure Hospitals Picture
Figure Clinics Picture
Table Global Medical Billing Comparison by Regions (M USD) 2017-2027
Figure Global Medical Billing Market Size (Million US$) (2017-2027)
Figure North America Medical Billing Revenue (Million US$) Growth Rate (2017-2027)
Figure Europe Medical Billing Revenue (Million US$) Growth Rate (2017-2027)
Figure Asia-pacific Medical Billing Revenue (Million US$) Growth Rate (2017-2027)
Figure South America Medical Billing Revenue (Million US$) Growth Rate (2017-2027)
Figure Middle East & Africa Medical Billing Revenue (Million US$) Growth Rate (2017-2027)
Table Business Impact Assessment - Covid-19
Table Market Trends and Medical Billing Potential Opportunities in the COVID-19 Landscape
Table Measures / Proposal against Covid-19
Table Global Medical Billing Revenue by Vendors (2017-2022)
Figure Global Medical Billing Revenue Market Share by Vendors in 2021
Table Global Medical Billing Vendors Market Concentration Ratio (CR5 and HHI)
Figure Top 5 Medical Billing Vendors (Revenue) Market Share in 2021
Figure Top 10 Medical Billing Vendors (Revenue) Market Share in 2021
Table Date of Key Vendors Enter into Medical Billing Market
Table Key Vendors Medical Billing Product Type
Table Iridium Suite Company Profile
Table Medical Billing Product Introduction, Application and Specification of Iridium Suite
Table Medical Billing Revenue (M USD) and Gross Margin of Iridium Suite 2017-2022
Table Iridium Suite Main Business
Table Iridium Suite Recent Development
Table NueMD Company Profile
Table Medical Billing Product Introduction, Application and Specification of NueMD
Table Medical Billing Revenue (M USD) and Gross Margin of NueMD 2017-2022
Table NueMD Main Business
Table NueMD Recent Development
Table NueMD Company Profile
Table Medical Billing Product Introduction, Application and Specification of NueMD
Table Medical Billing Revenue (M USD) and Gross Margin of NueMD 2017-2022
Table NueMD Main Business
Table NueMD Recent Development
Table Mercury Medical Company Profile
Table Medical Billing Product Introduction, Application and Specification of Mercury Medical
Table Medical Billing Revenue (M USD) and Gross Margin of Mercury Medical 2017-2022
Table Mercury Medical Main Business
Table Mercury Medical Recent Development
Table Medical Mastermind Company Profile
Table Medical Billing Product Introduction, Application and Specification of Medical Mastermind
Table Medical Billing Revenue (M USD) and Gross Margin of Medical Mastermind 2017-2022
Table Medical Mastermind Main Business
Table Medical Mastermind Recent Development
Table iPatientCare Company Profile
Table Medical Billing Product Introduction, Application and Specification of iPatientCare
Table Medical Billing Revenue (M USD) and Gross Margin of iPatientCare 2017-2022
Table iPatientCare Main Business
Table iPatientCare Recent Development
Table Mergers & Acquisitions Planning
Figure Global Medical Billing Revenue and Growth Rate (2017-2022)
Figure Global Medical Billing Revenue by Regions (2017-2022)
Figure Global Medical Billing Revenue Market Share by Regions in 2021
Figure North America Medical Billing Revenue and Growth Rate (2017-2022)
Figure Europe Medical Billing Revenue and Growth Rate (2017-2022)
Figure Asia-pacific Medical Billing Revenue and Growth Rate (2017-2022)
Figure South America Medical Billing Revenue and Growth Rate (2017-2022)
Figure Middle East & Africa Medical Billing Revenue and Growth Rate (2017-2022)
Figure North America Medical Billing Revenue and Growth Rate (2017-2022)
Table North America Medical Billing Market Size by Countries (2017-2022)
Table North America Medical Billing Market Share by Countries (2017-2022)
Figure North America Medical Billing Market Share by Countries in 2021
Figure United States Medical Billing Revenue and Growth Rate (2017-2022)
Figure Canada Medical Billing Revenue and Growth Rate (2017-2022)
Figure Mexico Medical Billing Revenue and Growth Rate (2017-2022)
Table North America Medical Billing Revenue by Vendors (2021)
Figure North America Medical Billing Revenue Market Share by Vendors in 2021
Table North America Medical Billing Revenue by Type (2017-2022)
Table North America Medical Billing Share by Type (2017-2022)
Table North America Medical Billing Revenue by Application (2017-2022)
Table North America Medical Billing Revenue Share by Application (2017-2022)
Figure Europe Medical Billing Revenue and Growth Rate (2017-2022)
Table Europe Medical Billing Market Size by Countries (2017-2022)
Table Europe Medical Billing Revenue Market Share by Countries (2017-2022)
Figure Europe Medical Billing Revenue Market Share by Countries in 2021
Figure Germany Medical Billing Revenue and Growth Rate (2017-2022)
Figure UK Medical Billing Revenue and Growth Rate (2017-2022)
Figure France Medical Billing Revenue and Growth Rate (2017-2022)
Figure Russia Medical Billing Revenue and Growth Rate (2017-2022)
Figure Italy Medical Billing Revenue and Growth Rate (2017-2022)
Figure Spain Medical Billing Revenue and Growth Rate (2017-2022)
Table Europe Medical Billing Revenue by Vendors (2021)
Figure Europe Medical Billing Revenue Market Share by Vendors in 2021
Table Europe Medical Billing Revenue by Type (2017-2022)
Table Europe Medical Billing Revenue Share by Type (2017-2022)
Table Europe Medical Billing Revenue by Application (2017-2022)
Table Europe Medical Billing Revenue Share by Application (2017-2022)
Figure Asia-pacific Medical Billing Revenue and Growth Rate (2017-2022)
Table Asia-pacific Medical Billing Market Size by Countries (2017-2022)
Table Asia-pacific Medical Billing Revenue Market Share by Countries (2017-2022)
Figure Asia-pacific Medical Billing Revenue Market Share by Countries in 2021
Figure China Medical Billing Revenue and Growth Rate (2017-2022)
Figure South Korea Medical Billing Revenue and Growth Rate (2017-2022)
Figure Japan Medical Billing Revenue and Growth Rate (2017-2022)
Figure Australia Medical Billing Revenue and Growth Rate (2017-2022)
Figure India Medical Billing Revenue and Growth Rate (2017-2022)
Figure Southeast Asia Medical Billing Revenue and Growth Rate (2017-2022)
Table Asia-pacific Medical Billing Revenue by Vendors (2021)
Figure Asia-pacific Medical Billing Revenue Market Share by Vendors in 2021
Table Asia-pacific Medical Billing Revenue by Type (2017-2022)
Table Asia-pacific Medical Billing Revenue Share by Type (2017-2022)
Table Asia-pacific Medical Billing Revenue by Application (2017-2022)
Table Asia-pacific Medical Billing Revenue Share by Application (2017-2022)
Figure South America Medical Billing Revenue and Growth Rate (2017-2022)
Table South America Medical Billing Revenue Market Size by Countries (2017-2022)
Table South America Medical Billing Revenue Market Share by Countries (2017-2022)
Figure South America Medical Billing Revenue Market Share by Countries in 2019
Figure Brazil Medical Billing Revenue and Growth Rate (2017-2022)
Figure Chile Medical Billing Revenue and Growth Rate (2017-2022)
Table South America Medical Billing Revenue s by Type (2017-2022)
Table South America Medical Billing Revenue Share by Type (2017-2022)
Table South America Medical Billing Revenue by Application (2017-2022)
Table South America Medical Billing Revenue Share by Application (2017-2022)
Figure Middle East and Africa Medical Billing Revenue and Growth Rate (2017-2022)
Table Middle East and Africa Medical Billing Market Size by Countries (2017-2022)
Table Middle East and Africa Medical Billing Sales Market Share by Countries (2017-2022)
Figure Middle East and Africa Medical Billing Sales Market Share by Countries in 2019
Figure GCC Countries Medical Billing Revenue and Growth Rate (2017-2022)
Figure Turkey Medical Billing Revenue and Growth Rate (2017-2022)
Figure Egypt Medical Billing Revenue and Growth Rate (2017-2022)
Figure South Africa Medical Billing Revenue and Growth Rate (2017-2022)
Table Middle East and Africa Medical Billing Revenue by Type (2017-2022)
Table Middle East and Africa Medical Billing Revenue Share by Type (2017-2022)
Table Middle East and Africa Medical Billing Revenue by Application (2017-2022)
Table Middle East and Africa Medical Billing Revenue Share by Application (2017-2022)
Table Global Medical Billing Revenue by Type (2017-2022)
Table Global Medical Billing Revenue Market Share by Type (2017-2022)
Figure Global Medical Billing Revenue Market Share by Type in 2019
Figure Global Cloud-based Revenue and Growth Rate (2017-2022)
Figure Global On-premise Revenue and Growth Rate (2017-2022)
Table Global Medical Billing Revenue by Application (2017-2022)
Table Global Medical Billing Revenue Market Share by Application (2017-2022)
Figure Global Medical Billing Revenue Market Share by Application in 2021
Figure Global Hospitals Revenue Growth Rate (2017-2022)
Figure Global Clinics Revenue Growth Rate (2017-2022)
Figure Global Medical Billing Revenue and Growth Rate (2022-2027)
Table Global Medical Billing Revenue Forecast by Regions (2022-2027)
Table Global Medical Billing Market Share Forecast by Regions (2022-2027)
Figure North America Revenue Medical Billing Market Forecast (2022-2027)
Figure Europe Revenue Medical Billing Market Forecast (2022-2027)
Figure Asia-Pacific Revenue Medical Billing Market Forecast (2022-2027)
Figure South America Revenue Medical Billing Market Forecast (2022-2027)
Figure Middle East & Africa Revenue Medical Billing Market Forecast (2022-2027)
Table Global Medical Billing Revenue Forecast by Type (2022-2027)
Table Global Medical Billing Market Share Forecast by Type (2022-2027)
Table Global Medical Billing Revenue Forecast by Application (2022-2027)
Table Global Medical Billing Market Share Forecast by Application (2022-2027)
Table Market Opportunities in Next Few Years
Table Market Risks Analysis
Table Market Drivers
Figure Porter's Five Forces Analysis
Table Macro Analysis of Down Markets
Table Key Players in Down Markets
Table Key Players of Downstream Markets
Figure Author List
Iridium Suite
NueMD
Mercury Medical
Medical Mastermind
iPatientCare
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