Billing and Practice Management Services Market Latest Insights 2021

1. Billing and Practice Management Services Market Size is Expected to Reach USD 17.93 billion by 2025: iCognition Insights The recent market research report published by iCognition Insights project Global Billing and Practice Management Services market to reach USD 17.93 billion, growing at a CAGR of 9.3% during the forecast period 2020-2025. Practice Management Software (PMS) system is a software solution that streamlines and automates healthcare administrative practices and billing operations. According to the American Medical Association, the primary goal of the right practice management system is to achieve the potential efficiencies offered by electronic transactions and workflows. An appropriate PMS system allows healthcare providers to deal with day-to-day medical administrative tasks efficiently, improve patient experience and effectively engage the staff in more meaningful activities. According to the study published by Journal of the American Medical Association (JAMA Network), administrative activities related to medical coding and billing, recordkeeping and other clerical activities added roughly around USD 266 billion of cost burden on U.S. healthcare system annually. Download Free Sample Report @ https://www.icognitioninsights.com/product/billing-and-practice- management-services-market/ The major drivers for practice management services market growth are the importance of documenting the patient databases and digitization and automation of administrative processes and billing. Further, increasing cost of managing manual processes and need of integrating multiple healthcare modules have encouraged end-users to adopt the practice management system for effective management of regular operations. The major drivers for practice management services market growth are the importance of documenting the patient databases and digitization and automation of administrative processes and billing. Further, the increasing cost of managing manual processes and need of integrating multiple healthcare modules have encouraged end-users to adopt practice management system for effective management of regular operations. This exhaustive report on practice management services categorizes the global market into following segments and subsegments: Based on Product (Revenue, 2017-2025, USD Billion) Software Services Based on Type ((Revenue, 2017-2025, USD Billion) Integrated (EHR/EMR, Patient Engagement, e-Rx, Others) Standalone

2. Based on Delivery Mode (Revenue, 2017-2025, USD Billion) On-premises Web-based Cloud-based Based on End User (Revenue, 2017-2025, USD Billion) Hospitals Pharmacies Diagnostic Laboratories Others Based on Region (Revenue, 2017-2025, USD Billion) North America (U.S., Canada) Europe (UK, Germany, France, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific) Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Middle East and Africa (South Africa, Saudi Arabia, Rest of Middle East and Africa) Read full Table Of Contents @ Global Billing and Practice Management Services Market TOC Bird’s Eye View of the Report Insights: In 2019, the software segment accounted for the largest revenue share and is expected to dominate the market throughout the forecast period. The integrated systems segment dominated the market in 2019 owing to its rising popularity and increasing demand for a cohesive system with advanced functionalities for patient care and billing. The cloud-based segment is projected to grow at a fast CAGR during the forecast period due to the benefits associated with cost-efficiency and flexibility. The hospitals segment held the largest market share in 2019 and is expected to maintain its position during the forecast period. North America accounted for the highest revenue share in the global market in 2019. However, rapidly developing healthcare infrastructure in Asia Pacific countries has attributed to the growth of Asia Pacific market and is expected to show an accelerated CAGR for the forecast period. Major Companies for Billing and Practice Management Market: Athenahealth, Inc. (U.S.) Healthcare Solutions, Inc. (U.S.) Cerner Corporation (U.S.) Epic Systems Corporation (U.S.)

3. NextGen Healthcare Information System LLC (U.S) Greenway Health, LLC (U.S.) GE Healthcare (U.S.) Medical Information Technology, Inc. (U.S.) McKesson Corporation (U.S.) About iCognition Insights: iCognition Insights is a leading life sciences and healthcare market intelligence and market research services firm, specialized in providing industry-standard syndicated reports, custom research and business consulting services to our global clients. Our methodological research approach coupled with deep domain and analytical expertise opens the doors to the insights that really matter. With over 20+ years of combined industry experience, we assist our clients in chalking their strategic growth plans and make informed business decisions. Our proprietary DAC research and analysis framework enable our clients discover hidden insights and granular quantitative and qualitative information on the market, technology, or company of interest. Contact Us: iCognition Insights Pvt. Ltd. No. 7, Sai Apt., Survey No. 67, Tingre Nagar, Pune- 411032, India US: +1 617 676 0160 APAC: +81 503 196 4844 Email: insights@icognitioninsights.com Website: https://www.icognitioninsights.com/