North America Medical Billing Outsourcing Market Size & Outlook
Related Markets
North America medical billing outsourcing market highlights
- The North America medical billing outsourcing market generated a revenue of USD 6,967.6 million in 2024.
- The market is expected to grow at a CAGR of 12.1% from 2025 to 2030.
- In terms of segment, outsourced was the largest revenue generating component in 2024.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 6,967.6 million |
| Market revenue in 2030 | USD 13,667.8 million |
| Growth rate | 12.1% (CAGR from 2025 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, North America region accounted for 46.8% of the global medical billing outsourcing market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,832.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Promantra | View profile | 501-1000 | Somerset, New Jersey, United States, North America | http://www.promantra.us |
| AdvancedMD | View profile | 101-250 | South Jordan, Utah, United States, North America | http://www.advancedmd.com/ |
| Kareo | View profile | 501-1000 | Irvine, California, United States, North America | http://www.kareo.com |
| eClinicalWorks | View profile | 1001-5000 | Westborough, Massachusetts, United States, North America | http://www.eclinicalworks.com |
| R1 RCM Inc | View profile | 30000 | 434 West Ascension Way, 6th Floor, Murray, UT, United States, 84123 | https://www.r1rcm.com |
| McKesson Corp | View profile | 51000 | 6555 State Highway 161, Irving, TX, United States, 75039 | https://www.mckesson.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Veradigm Inc | View profile | 7869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | https://www.veradigm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
North America 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 66.38% in 2024. Horizon Databook has segmented the North America medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Changes in health policies & regulations, ICD-10 coding-related challenges, and transition to new payment models are among major factors positively influencing market growth in this region. Due to increasing financial condition of hospitals and clinics across the U.S., Outsourced Business Services (OBS) have become one of the major growth engines in healthcare industry in the country.
Medical practices are gradually seeking outsourced medical billing services to improve their RCM systems. Medical billing outsourcing has become a popular trend in hospitals and clinics to outsource owing to various challenges and complexities faced in internally managing medical billing in a profitable & cost-effective manner.
This region has presence of many key market players such as Cerner Corporation, Allscripts Healthcare Solutions, GE Healthcare, Genpact, and Experian Information Solutions.
Reasons to subscribe to North America medical billing outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America medical billing outsourcing market databook
-
Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America medical billing outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into North America medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America medical billing outsourcing market size, by country, 2018-2030 (US$M)
North America Medical Billing Outsourcing Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
