Market Overview:
The global ambulatory medical billing systems market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based ambulatory medical billing systems and rising adoption of advanced technologies in healthcare organizations. In addition, the growing number of private clinics and hospitals is also contributing to the growth of this market. However, lack of awareness about advanced technologies among end users may restrain the growth of this market during the forecast period. On the basis of type, cloud-based ambulatory medical billing systems are expected to witness higher growth than on-premise systems during the forecast period. This can be attributed to their advantages such as low cost, scalability, and easy deployment and management over traditional on-premise solutions.
Product Definition:
Ambulatory medical billing systems are computerized systems used by healthcare providers to manage and bill for the services they provide. They allow providers to track patient visits, manage appointments, submit claims and receive payments. Ambulatory medical billing systems are important because they make it easier for healthcare providers to bill patients and insurance companies for the services they provide, which can improve cash flow and help ensure that patients receive the care they need.
Cloud-based:
Cloud-based is a term used to define software systems which are hosted by third party service providers and can be accessed through the internet. The major factor responsible for the growth of this market is its cost effectiveness.
On-premise:
On-premise is a billing software system that is installed and used in the organization's premise. It provides features such as data storage, customer database, and online payment processing. The software can be customized according to the needs of healthcare organizations.
Application Insights:
The clinics segment dominated the market in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as increasing government funding for primary healthcare, growing awareness among population regarding affordable health services, and an increase in spending capacity of middle-income groups.
The hospitals segment is also estimated to witness significant growth during the same period owing to factors such as rising investments by governments for developing infrastructure & equipment required by hospitals, increasing number of hospital construction projects across various countries including China, India and Brazil which are aimed at improving healthcare facilities thereby driving Ambulatory Medical Billing Systems (AMBS) adoption rate in hospitals. Furthermore, AMBS helps reduce manual billing errors resulting in increased accuracy while recording patient information thus further boosting its demand from hospitals over the forecast period.
Regional Analysis:
North America held the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to presence of a large number of ambulatory care facilities, rising adoption of EHRs and increasing demand for healthcare services. Moreover, high cost of implementation and maintenance is also driving the Ambulatory Care IT (ACIT) providers to shift their focus towards value-based reimbursement models that would result in reduction in overall billing costs.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to factors such as improving healthcare infrastructure & availability, growing patient awareness levels coupled with government initiatives & support for quality healthcare services delivery at affordable prices. In addition, rapidly developing economy coupled with increasing penetration of private insurance companies will drive this regional market further ahead during the forecast years from 2018 till 2030 (estimated CAGR).
Growth Factors:
- Increasing demand for ambulatory medical billing systems due to the increase in the number of outpatient procedures and services.
- The need for integrated healthcare information systems that can manage both ambulatory and inpatient care is driving the market growth.
- Rising demand for cloud-based ambulatory medical billing systems as they offer cost-effective and scalable solutions to organizations of all sizes.
- Growing adoption of mobile technologies for managing patient data is also propelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ambulatory Medical Billing Systems Market Research Report
By Type
Cloud-based, On-premise
By Application
Hospitals, Clinics, etc.
By Companies
Iridium Suite, Mercury Medical, Medical Mastermind, NueMD, iPatientCare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Ambulatory Medical Billing Systems Market Report Segments:
The global Ambulatory Medical Billing Systems market is segmented on the basis of:
Types
Cloud-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, etc.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Iridium Suite
- Mercury Medical
- Medical Mastermind
- NueMD
- iPatientCare
Highlights of The Ambulatory Medical Billing Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premise
- By Application:
- Hospitals
- Clinics, etc.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ambulatory Medical Billing Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ambulatory medical billing systems are computerized systems that help healthcare providers bill for services provided to patients. These systems can track the date, time, and type of service provided; as well as the patient's insurance information. Ambulatory medical billing systems can also generate bills and send them electronically to patients or their insurers.
Some of the key players operating in the ambulatory medical billing systems market are Iridium Suite, Mercury Medical, Medical Mastermind, NueMD, iPatientCare.
The ambulatory medical billing systems market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ambulatory Medical Billing Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ambulatory Medical Billing Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ambulatory Medical Billing Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ambulatory Medical Billing Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ambulatory Medical Billing Systems Market Size & Forecast, 2018-2028
4.5.1 Ambulatory Medical Billing Systems Market Size and Y-o-Y Growth
4.5.2 Ambulatory Medical Billing Systems Market Absolute $ Opportunity
Chapter 5 Global Ambulatory Medical Billing Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ambulatory Medical Billing Systems Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ambulatory Medical Billing Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ambulatory Medical Billing Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 etc.
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ambulatory Medical Billing Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ambulatory Medical Billing Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ambulatory Medical Billing Systems Analysis and Forecast
9.1 Introduction
9.2 North America Ambulatory Medical Billing Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ambulatory Medical Billing Systems Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ambulatory Medical Billing Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 etc.
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ambulatory Medical Billing Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Ambulatory Medical Billing Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ambulatory Medical Billing Systems Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ambulatory Medical Billing Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 etc.
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ambulatory Medical Billing Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ambulatory Medical Billing Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ambulatory Medical Billing Systems Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ambulatory Medical Billing Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 etc.
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ambulatory Medical Billing Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Ambulatory Medical Billing Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ambulatory Medical Billing Systems Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ambulatory Medical Billing Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 etc.
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ambulatory Medical Billing Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ambulatory Medical Billing Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ambulatory Medical Billing Systems Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ambulatory Medical Billing Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 etc.
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ambulatory Medical Billing Systems Market: Competitive Dashboard
14.2 Global Ambulatory Medical Billing Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Iridium Suite
14.3.2 Mercury Medical
14.3.3 Medical Mastermind
14.3.4 NueMD
14.3.5 iPatientCare
