Medical Billing Outsourcing Market Growth: Key Trends, Drivers, and Forecast 2023-2030
The global medical billing outsourcing market was valued at approximately USD 12.2 billion in 2022 and is projected to grow at a robust compound annual growth rate (CAGR) of 12.26% from 2023 to 2030. This significant growth can be attributed to a variety of factors, including emerging trends driven by increasing bad debts, the adoption of new technological solutions, and evolving regulatory guidelines that are shaping the healthcare sector. As healthcare organizations face rising operational costs and complex billing processes, medical billing outsourcing has become an attractive solution to enhance financial management and operational efficiency. Medical billing outsourcing offers several advantages, making it a popular choice for healthcare providers. Outsourcing the billing process helps reduce the need for significant investments in equipment and software, as healthcare pro...