report-image

Global Medical Billing and Collections Software Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 3/1/2023
  • NO OF PAGES
  • 222
  • CATEGORY
  • Information Technology
Medical Billing and Collections Software market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Medical Billing and Collections Software market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Medical Billing and Collections Software manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Medical Billing and Collections Software market covering all its essential aspects.

Global Medical Billing and Collections Software Market: Segmentations


Global Medical Billing and Collections Software Market: By Types
Cloud-based
On-premises

Global Medical Billing and Collections Software Market: By Applications
Hospitals
Other Medical Institutions

Global Medical Billing and Collections Software Market: Major Players
AdvancedMD
athenaCollector
Azalea Health
Brightree
ChARM Health
ChiroTouch
DrChrono
EZ Claim
FACETS
GE
Kareo
NextGen
NueMD
Phreesia
PointClickCare
Practice Fusion
RXNT
SimplePractice
TherapyNotes
TotalMD
WebPT

Global Medical Billing and Collections Software Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)


Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Medical Billing and Collections Software market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Medical Billing and Collections Software would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Medical Billing and Collections Software Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Market Overview
1.1 Product Overview and Scope of Medical Billing and Collections Software
1.2 Classification of Medical Billing and Collections Software by Type
1.2.1 Overview: Global Medical Billing and Collections Software Market Size by Type: 2017 Versus 2022 Versus 2032
1.2.2 Global Medical Billing and Collections Software Revenue Market Share by Type in 2022
1.2.3 Cloud-based
1.2.4 On-premises
1.3 Global Medical Billing and Collections Software Market by Application
1.3.1 Overview: Global Medical Billing and Collections Software Market Size by Application: 2017 Versus 2022 Versus 2032
1.3.2 Hospitals
1.3.3 Other Medical Institutions
1.4 Global Medical Billing and Collections Software Market Size & Forecast
1.5 Global Medical Billing and Collections Software Market Size and Forecast by Region
1.5.1 Global Medical Billing and Collections Software Market Size by Region: 2017 VS 2022 VS 2032
1.5.2 Global Medical Billing and Collections Software Market Size by Region, (2016-2021)
1.5.3 North America Medical Billing and Collections Software Market Size and Prospect (2017-2032)
1.5.4 Europe Medical Billing and Collections Software Market Size and Prospect (2017-2032)
1.5.5 Asia-Pacific Medical Billing and Collections Software Market Size and Prospect (2017-2032)
1.5.6 South America Medical Billing and Collections Software Market Size and Prospect (2017-2032)
1.5.7 Middle East and Africa Medical Billing and Collections Software Market Size and Prospect (2017-2032)
1.6 Market Drivers, Restraints and Trends
1.6.1 Medical Billing and Collections Software Market Drivers
1.6.2 Medical Billing and Collections Software Market Restraints
1.6.3 Medical Billing and Collections Software Trends Analysis
2 Company Profiles
2.1 AdvancedMD
2.1.1 AdvancedMD Details
2.1.2 AdvancedMD Major Business
2.1.3 AdvancedMD Medical Billing and Collections Software Product and Solutions
2.1.4 AdvancedMD Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.1.5 AdvancedMD Recent Developments and Future Plans
2.2 athenaCollector
2.2.1 athenaCollector Details
2.2.2 athenaCollector Major Business
2.2.3 athenaCollector Medical Billing and Collections Software Product and Solutions
2.2.4 athenaCollector Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.2.5 athenaCollector Recent Developments and Future Plans
2.3 Azalea Health
2.3.1 Azalea Health Details
2.3.2 Azalea Health Major Business
2.3.3 Azalea Health Medical Billing and Collections Software Product and Solutions
2.3.4 Azalea Health Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.3.5 Azalea Health Recent Developments and Future Plans
2.4 Brightree
2.4.1 Brightree Details
2.4.2 Brightree Major Business
2.4.3 Brightree Medical Billing and Collections Software Product and Solutions
2.4.4 Brightree Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.4.5 Brightree Recent Developments and Future Plans
2.5 ChARM Health
2.5.1 ChARM Health Details
2.5.2 ChARM Health Major Business
2.5.3 ChARM Health Medical Billing and Collections Software Product and Solutions
2.5.4 ChARM Health Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.5.5 ChARM Health Recent Developments and Future Plans
2.6 ChiroTouch
2.6.1 ChiroTouch Details
2.6.2 ChiroTouch Major Business
2.6.3 ChiroTouch Medical Billing and Collections Software Product and Solutions
2.6.4 ChiroTouch Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.6.5 ChiroTouch Recent Developments and Future Plans
2.7 DrChrono
2.7.1 DrChrono Details
2.7.2 DrChrono Major Business
2.7.3 DrChrono Medical Billing and Collections Software Product and Solutions
2.7.4 DrChrono Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.7.5 DrChrono Recent Developments and Future Plans
2.8 EZ Claim
2.8.1 EZ Claim Details
2.8.2 EZ Claim Major Business
2.8.3 EZ Claim Medical Billing and Collections Software Product and Solutions
2.8.4 EZ Claim Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.8.5 EZ Claim Recent Developments and Future Plans
2.9 FACETS
2.9.1 FACETS Details
2.9.2 FACETS Major Business
2.9.3 FACETS Medical Billing and Collections Software Product and Solutions
2.9.4 FACETS Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.9.5 FACETS Recent Developments and Future Plans
2.10 GE
2.10.1 GE Details
2.10.2 GE Major Business
2.10.3 GE Medical Billing and Collections Software Product and Solutions
2.10.4 GE Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.10.5 GE Recent Developments and Future Plans
2.11 Kareo
2.11.1 Kareo Details
2.11.2 Kareo Major Business
2.11.3 Kareo Medical Billing and Collections Software Product and Solutions
2.11.4 Kareo Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.11.5 Kareo Recent Developments and Future Plans
2.12 NextGen
2.12.1 NextGen Details
2.12.2 NextGen Major Business
2.12.3 NextGen Medical Billing and Collections Software Product and Solutions
2.12.4 NextGen Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.12.5 NextGen Recent Developments and Future Plans
2.13 NueMD
2.13.1 NueMD Details
2.13.2 NueMD Major Business
2.13.3 NueMD Medical Billing and Collections Software Product and Solutions
2.13.4 NueMD Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.13.5 NueMD Recent Developments and Future Plans
2.14 Phreesia
2.14.1 Phreesia Details
2.14.2 Phreesia Major Business
2.14.3 Phreesia Medical Billing and Collections Software Product and Solutions
2.14.4 Phreesia Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.14.5 Phreesia Recent Developments and Future Plans
2.15 PointClickCare
2.15.1 PointClickCare Details
2.15.2 PointClickCare Major Business
2.15.3 PointClickCare Medical Billing and Collections Software Product and Solutions
2.15.4 PointClickCare Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.15.5 PointClickCare Recent Developments and Future Plans
2.16 Practice Fusion
2.16.1 Practice Fusion Details
2.16.2 Practice Fusion Major Business
2.16.3 Practice Fusion Medical Billing and Collections Software Product and Solutions
2.16.4 Practice Fusion Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.16.5 Practice Fusion Recent Developments and Future Plans
2.17 RXNT
2.17.1 RXNT Details
2.17.2 RXNT Major Business
2.17.3 RXNT Medical Billing and Collections Software Product and Solutions
2.17.4 RXNT Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.17.5 RXNT Recent Developments and Future Plans
2.18 SimplePractice
2.18.1 SimplePractice Details
2.18.2 SimplePractice Major Business
2.18.3 SimplePractice Medical Billing and Collections Software Product and Solutions
2.18.4 SimplePractice Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.18.5 SimplePractice Recent Developments and Future Plans
2.19 TherapyNotes
2.19.1 TherapyNotes Details
2.19.2 TherapyNotes Major Business
2.19.3 TherapyNotes Medical Billing and Collections Software Product and Solutions
2.19.4 TherapyNotes Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.19.5 TherapyNotes Recent Developments and Future Plans
2.20 TotalMD
2.20.1 TotalMD Details
2.20.2 TotalMD Major Business
2.20.3 TotalMD Medical Billing and Collections Software Product and Solutions
2.20.4 TotalMD Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.20.5 TotalMD Recent Developments and Future Plans
2.21 WebPT
2.21.1 WebPT Details
2.21.2 WebPT Major Business
2.21.3 WebPT Medical Billing and Collections Software Product and Solutions
2.21.4 WebPT Medical Billing and Collections Software Revenue, Gross Margin and Market Share (2017-2022)
2.21.5 WebPT Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Medical Billing and Collections Software Revenue and Share by Players (2017-2022)
3.2 Market Concentration Rate
3.2.1 Top 3 Medical Billing and Collections Software Players Market Share
3.2.2 Top 10 Medical Billing and Collections Software Players Market Share
3.2.3 Market Competition Trend
3.3 Medical Billing and Collections Software Players Head Office, Products and Services Provided
3.4 Mergers & Acquisitions
3.5 New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Medical Billing and Collections Software Revenue and Market Share by Type (2016-2021)
4.2 Global Medical Billing and Collections Software Market Forecast by Type (2021-2026)
5 Market Size Segment by Application
5.1 Global Medical Billing and Collections Software Revenue Market Share by Application (2016-2021)
5.2 Medical Billing and Collections Software Market Forecast by Application (2021-2026)
6 North America by Country, by Type, and by Application
6.1 North America Medical Billing and Collections Software Revenue by Type (2017-2032)
6.2 North America Medical Billing and Collections Software Revenue by Application (2017-2032)
6.3 North America Medical Billing and Collections Software Market Size by Country
6.3.1 North America Medical Billing and Collections Software Revenue by Country (2017-2032)
6.3.2 United States Medical Billing and Collections Software Market Size and Forecast (2017-2032)
6.3.3 Canada Medical Billing and Collections Software Market Size and Forecast (2017-2032)
6.3.4 Mexico Medical Billing and Collections Software Market Size and Forecast (2017-2032)
7 Europe by Country, by Type, and by Application
7.1 Europe Medical Billing and Collections Software Revenue by Type (2017-2032)
7.2 Europe Medical Billing and Collections Software Revenue by Application (2017-2032)
7.3 Europe Medical Billing and Collections Software Market Size by Country
7.3.1 Europe Medical Billing and Collections Software Revenue by Country (2017-2032)
7.3.2 Germany Medical Billing and Collections Software Market Size and Forecast (2017-2032)
7.3.3 France Medical Billing and Collections Software Market Size and Forecast (2017-2032)
7.3.4 United Kingdom Medical Billing and Collections Software Market Size and Forecast (2017-2032)
7.3.5 Russia Medical Billing and Collections Software Market Size and Forecast (2017-2032)
7.3.6 Italy Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8 Asia-Pacific by Region, by Type, and by Application
8.1 Asia-Pacific Medical Billing and Collections Software Revenue by Type (2017-2032)
8.2 Asia-Pacific Medical Billing and Collections Software Revenue by Application (2017-2032)
8.3 Asia-Pacific Medical Billing and Collections Software Market Size by Region
8.3.1 Asia-Pacific Medical Billing and Collections Software Revenue by Region (2017-2032)
8.3.2 China Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8.3.3 Japan Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8.3.4 South Korea Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8.3.5 India Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8.3.6 Southeast Asia Medical Billing and Collections Software Market Size and Forecast (2017-2032)
8.3.7 Australia Medical Billing and Collections Software Market Size and Forecast (2017-2032)
9 South America by Country, by Type, and by Application
9.1 South America Medical Billing and Collections Software Revenue by Type (2017-2032)
9.2 South America Medical Billing and Collections Software Revenue by Application (2017-2032)
9.3 South America Medical Billing and Collections Software Market Size by Country
9.3.1 South America Medical Billing and Collections Software Revenue by Country (2017-2032)
9.3.2 Brazil Medical Billing and Collections Software Market Size and Forecast (2017-2032)
9.3.3 Argentina Medical Billing and Collections Software Market Size and Forecast (2017-2032)
10 Middle East & Africa by Country, by Type, and by Application
10.1 Middle East & Africa Medical Billing and Collections Software Revenue by Type (2017-2032)
10.2 Middle East & Africa Medical Billing and Collections Software Revenue by Application (2017-2032)
10.3 Middle East & Africa Medical Billing and Collections Software Market Size by Country
10.3.1 Middle East & Africa Medical Billing and Collections Software Revenue by Country (2017-2032)
10.3.2 Turkey Medical Billing and Collections Software Market Size and Forecast (2017-2032)
10.3.3 Saudi Arabia Medical Billing and Collections Software Market Size and Forecast (2017-2032)
10.3.4 UAE Medical Billing and Collections Software Market Size and Forecast (2017-2032)
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3950

Only Three Thousand Nine Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4950

Only Four Thousand Nine Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5950

Only Five Thousand Nine Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI