The worldwide Medical Billing Market is developing with the sound tempo. Consistent with a current take a look at report posted through the marketplace studies destiny, the worldwide scientific billing market is booming and predicted to advantage prominence over the forecast length and is projected to grow a valid pace. The market is projected to illustrate a valid growth via 2027, surpassing its previous boom statistics in phrases of cost with a sound CAGR for the duration of the anticipated duration (2017-2027).
Medical sector is continuously evolving sector. New technologies like information technology are being continuously being exploited for the ease in workflow. All these provided favourable backgrounds for the market growth. Factors such as increasing healthcare expenditure, rising use of the internet, growing need for risk and compliance management followed by the increasing digitalization in healthcare industry, and others are driving the market growth. Moreover, increasing patient population due to various diseases fuels the global medical billing market. However, privacy concerns are the major factor which may hinder the growth of the market.
Accenture (US), TCS (India), AGS Health (India), Cognizant Technology Solutions (US), GeBBS Healthcare (US), Genpact (US), HCL Technologies (India), Medusind (India), and others are some of the prominent players at the forefront of competition in the Global Medical Billing Market and are profiled in MRFR Analysis.
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In January, 2018- Accenture entered into an agreement to acquire Germany-based Mackevision, a leading global producer of 3D-enabled and immersive product content. The acquisition will add state-of-the-art visualization capabilities to Accenture Interactive digital services portfolio – strengthening its ability to create compelling, next-generation customer experiences and industrial, extended reality applications. However, financial terms of the transaction are not disclosed.
In July- 2016- Cognizant acquired Idea Couture, a privately-held firm that offers a broad range of digital innovation, strategy, design and technology services. However, the terms of the transaction were not disclosed.
In September, 2017- Genpact, a global professional services firm focused on delivering digital transformation for clients, acquired TandemSeven, a Boston-headquartered company that delivers customer and digital experience innovation consulting using design thinking at its core. TandemSeven’s ability to design better customer experiences complements Genpact’s digital capability aimed at transforming business processes end-to-end. Terms of the deal were not disclosed.
The market for Medical Billing is segmented by application by process and its various sub-segments; by application include Database Management, Financial, Infrastructure, Operational and others. Whereas by Process it includes Electronic billing, Payment and Medical billing services.
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1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
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