Mexico Medical Billing Outsourcing Market Size & Outlook
Mexico medical billing outsourcing market, 2018-2030 (US$M)
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Mexico medical billing outsourcing market highlights
- The Mexico medical billing outsourcing market generated a revenue of USD 362.6 million in 2023 and is expected to reach USD 911.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, outsourced was the largest revenue generating component in 2023.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
Medical billing outsourcing market data book summary
| Market revenue in 2023 | USD 362.6 million |
| Market revenue in 2030 | USD 911.1 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourced |
| Key market players worldwide | R1 RCM Inc, Veradigm Inc, Oracle Corp, Quest Diagnostics Inc, McKesson Corp, eClinicalWorks, Kareo, AdvancedMD, Promantra |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.7% of the global medical billing outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil medical billing outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 911.1 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico medical billing outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical billing outsourcing market will help companies and investors design strategic landscapes.
Outsourced was the largest segment with a revenue share of 51.85% in 2023. Horizon Databook has segmented the Mexico medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Poverty and socioeconomic inequality are among major challenges for healthcare system in Mexico. Thus, there is discrepancy in healthcare delivery in the country. For instance, in 2019, infant mortality rate reached 12.4 per 1,000 live births in the country. To counter this disparity, the Mexican government introduced changes in General Health Law in 2003—the primary focus now being expanding health insurance coverage to all citizens and groups.
With expansion of health insurance coverage, health care financing—the fundamental building block of the system—has begun improving. Healthcare financing in Mexico has yielded positive results. The main focus of healthcare reforms is to limit incidence of various diseases, facilitate overall economic development, and ensure universal coverage. With increase in healthcare investments, the need for strategic decisions regarding allocation of public funds in health sector and health-related areas is increasing.
The Central America Free Trade Agreement with the U.S. is responsible for making off-shoring and outsourcing in the region more attractive. Changing regulatory landscape in healthcare and developing infrastructure are among factors expected to attract high investments and increase growth opportunities for medical billing outsourcing processes in the country.
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Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico medical billing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical billing outsourcing market size, by component, 2018-2030 (US$M)
Mexico Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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