Industries - Billing and Practice Management Services Market Analysis by Product (Software, Services), by Type (Integrated, Standalone), by Delivery Mode (On Premise, Web-Based, Cloud-Based), by End User (Hospitals, Pharmacies) and by Region – Forecast to 2025

Ablation Technology Market Analysis

Billing and Practice Management Services Market Analysis by Product (Software, Services), by Type (Integrated, Standalone), by Delivery Mode (On Premise, Web-Based, Cloud-Based), by End User (Hospitals, Pharmacies) and by Region – Forecast to 2025
October 2020

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Billing and Practice Management Services Market Analysis by Product (Software, Services), by Type (Integrated, Standalone), by Delivery Mode (On Premise, Web-Based, Cloud-Based), by End User (Hospitals, Pharmacies) and by Region - Forecast to 2025

Published: October 2020 | Historical Data: 2017-2019 | Base Year: 2019
SKU: ICI-HC-1032 | Number of Pages: 148 | Category: Healthcare IT

The global billing and practice management services market size is estimated to be USD 10.52 billion in 2019 and is expected to witness a CAGR of 9.3% during the forecast period. Digitization of billing and importance of documenting patient databases are major factors propelling the demand for practice management systems worldwide. Also, the advancements in information technology and increased government support for digitalization of health records are some of the other key factors driving the growth. However, difficulty in maintaining patient data confidentiality and risk of patient data theft could hinder the growth of the market.

Billing and Practice Management Services Market

By Product

Based on product, the market is segmented into software and services. In 2019, the software segment accounted for the largest revenue share and is expected to maintain its position throughout the forecast period. However, the services segment is projected to grow at a fastest CAGR during the forecast period. This is attributed to the increasing demand for assistance and training for the installation of these systems coupled with the rising demand for upgradation of the existing systems by hospitals and other healthcare facilities.

By Type

Based on type, the market is categorized into standalone and integrated systems. The integrated systems include electronic health records (EHR), patient engagement, e-Prescription, billing systems, and others. The standalone systems mainly involve the administrative and billing function. The integrated systems segment accounted for the significant revenue share in 2019 owing to its rising popularity in hospitals and increasing demand for advanced systems for patient care and billing.

By Delivery Mode

Based on delivery mode, the market is divided into on-premise, web-based, and cloud-based. The on-premises segment accounted for the largest revenue share in 2019. However, the cloud-based segment is projected to grow at a fast CAGR during the forecast period. This is attributed to its rising demand among end users owing to its cost-efficiency and higher flexibility.

By End User

Based on end user, the market is categorized into hospitals, pharmacies, diagnostic laboratories, and others. The hospitals segment was the highest revenue-generating segment in 2019 and is projected to grow at the highest CAGR over the forecast period. The developing healthcare infrastructure and rising government support for healthcare IT are driving the segment growth. The pharmacies and diagnostic laboratories segments are also expected to grow at a lucrative CAGR over the forecast period.

Regional Insights

In 2019, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the growing healthcare expenditure, rising investment in healthcare facilities, and presence of several prominent providers in this region. The Asia Pacific is expected to exhibit a fastest CAGR over the forecast period due to the developing healthcare infrastructure and favourable government initiatives in this region.

North America Billing and Practice Management Services Market Size (2017-2025), USD Billion

North America Billing and Practice Management Services Market

Competitor Insights

Some of the key players in the billing and practice management services market are athenahealth, Inc. (U.S.); Healthcare Solutions, Inc. (U.S.); Cerner Corporation (U.S.); GE Healthcare (U.S.); Epic Systems Corporation (U.S.); Greenway Health, LLC (U.S.); Medical Information Technology, Inc. (U.S.); McKesson Corporation (U.S.); and NextGen Healthcare Information System LLC (U.S). The leading players operating in this industry are adopting various strategies including new product launch, mergers & acquisitions, and collaborations.

 

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2017 to 2025. The billing and practice management services market report is categorized into the following segments and subsegments:

Billing and Practice Management Services Market, By Product (Revenue, 2017-2025, USD Billion)

  • Software
  • Services

Billing and Practice Management Services Market, By Type (Revenue, 2017-2025, USD Billion)

  • Integrated
    • EHR/EMR
    • Patient engagement
    • e-Rx
    • Others
  • Standalone

Billing and Practice Management Services Market, By Delivery Mode (Revenue, 2017-2025, USD Billion)

  • On-premise
  • Web-based
  • Cloud-based

Billing and Practice Management Services Market, By End User (Revenue, 2017-2025, USD Billion)

  • Hospitals
  • Pharmacies
  • Diagnostic Laboratories
  • Others

Billing and Practice Management Services Market, By Region (Revenue, 2017-2025, USD Billion)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of Billing and Practice Management Services Market Report:

Key Parameters Details
Data Availability 2017-2025
Historical Years 2017-2019
Base Year Considered 2019
Forecast Period 2019-2025
Company Profiles 10
Companies Considered >38
Value Units Value in USD and CAGR in %
Market Segments Product, Type, Delivery Mode, and End User
Regional Coverage North America (US and Canada), Europe (Germany, France, UK, Spain, Italy, Russia, and the Rest of Europe), Asia Pacific (China, Japan, Australia, India, South Korea, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina and the Rest of LATAM), and the Middle East and Africa (South Africa, Saudi Arabia, Rest of MEA)
Key Market Players athenahealth, Inc. (U.S.); Healthcare Solutions, Inc. (U.S.); Cerner Corporation (U.S.); GE Healthcare (U.S.); Epic Systems Corporation (U.S.); Greenway Health, LLC (U.S.); Medical Information Technology, Inc. (U.S.); McKesson Corporation (U.S.); and NextGen Healthcare Information System LLC (U.S)
Custom Analysis Customization up to 60 analyst hours

Billing and Practice Management Services Market, By Product (Revenue, 2017-2025, USD Billion)

  • Software
  • Services

Billing and Practice Management Services Market, By Type (Revenue, 2017-2025, USD Billion)

  • Integrated
    • EHR/EMR
    • Patient engagement
    • e-Rx
    • Others
  • Standalone

Billing and Practice Management Services Market, By Delivery Mode (Revenue, 2017-2025, USD Billion)

  • On-premise
  • Web-based
  • Cloud-based

Billing and Practice Management Services Market, By End User (Revenue, 2017-2025, USD Billion)

  • Hospitals
  • Pharmacies
  • Diagnostic Laboratories
  • Others

Billing and Practice Management Services Market, By Region (Revenue, 2017-2025, USD Billion)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA
1. Research Methodology
 1.1. Research Objective
 1.2. Study Scope: Market Segments
 1.3. Study Timeframe, Limitations & Currency
 1.4. Domain-Assisted Cognition (DAC) Framework
  1.4.1. Three-stage Research Methodology
   1.4.1.1. Understand Ecosystem
    1.4.1.1.1. Secondary Research
    1.4.1.1.2. Primary Research
    1.4.1.1.3. Internal Repository
    1.4.1.2. Synthesize Information
    1.4.1.2.1. Data Analysis
    1.4.1.2.2. Data Triangulation
   1.4.1.3. Predict/Project Growth
    1.4.1.3.1. Market Size Estimation
     1.4.1.3.1.1. Bottom-up Approach
     1.4.1.3.1.2. Top-down Approach
    1.4.1.3.2. Data Validation
  1.4.2. Two-stage Quality Check Mechanism
   1.4.2.1. Inspection & Reporting
   1.4.2.2. Quality Audit
2. Market Summary
 2.1. Market Definition & Market Landscape
 2.2. Market Segment Snapshot
 2.3. Geographic Market Snapshot
3. Market Dynamics
 3.1. Market Driver Analysis
  3.1.1. Digitization of billing and documentation of patient databases
  3.1.2. Rising demand for improved & competent medical practices
  3.1.3. Growing advancement in information technology
  3.1.4. government support for digitalization of health records
 3.2. Market Restraint Analysis
  3.2.1. Difficulty in patient data confidentiality maintenance
  3.2.2. Risk of patient data theft
 3.3. Market Opportunities
  3.3.1. Rising inclination towards patient-oriented healthcare services
  3.3.2. Growing healthcare sector in emerging markets
  3.3.3. Technological advancements in information technology and software development
  3.3.4. Escalating awareness for integrated healthcare systems that are saving time and limiting costlier resources
  3.3.5. Upgrading of healthcare infrastructure coupled with digital penetration
4. Industry Outlook
 4.1. Key Market Trends
 4.2. Value Chain Analysis
 4.3. Porter’s 5 Forces Analysis
 4.4. Pricing Analysis (2017-2019)
 4.5. Product Benchmarking
5. Covid-19 Impact and Deviation Analysis
 5.1. Covid-19 Prevalence Analysis
 5.2. Key Market Trends
 5.3. Market Size Deviation Analysis (2020-2025)
6. Billing & Practice Management Services Market Size and Forecast, by Product (2017-2025), USD Million
 6.1. Software
 6.2. Services
7. Billing & Practice Management Services Market Size and Forecast, by Type (2017-2025), USD Million
 7.1. Integrated
  7.1.1. EHR/EMR
  7.1.2. Patient engagement
  7.1.3. e-Rx
  7.1.4. Others
 7.2. Standalone
8. Billing & Practice Management Services Market Size and Forecast, by Delivery Mode (2017-2025), USD Million
 8.1. On Premise
 8.2. Web Based
 8.3. Cloud Based
9. Billing & Practice Management Services Market Size and Forecast, by End User (2017-2025), USD Million
 9.1. Hospitals
 9.2. Pharmacies
 9.3. Diagnostic Laboratories
 9.4. Others
10. Billing & Practice Management Services Market, Regional Analysis (2017-2025), USD Million
 10.1. North America
  10.1.1. Introduction
   10.1.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.1.1.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.1.1.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.1.1.4. Market Size & Forecast, by End-User (2017-2025), USD Million
   10.1.1.5. Market Size & Forecast, by Country (2017-2025), USD Million
  10.1.2. U.S.
   10.1.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.1.2.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.1.2.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.1.2.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.1.3. Canada
   10.1.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.1.3.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.1.3.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.1.3.4. Market Size & Forecast, by End-User (2017-2025), USD Million
 10.2. Europe
  10.2.1. Introduction
   10.2.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.1.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.1.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.1.4. Market Size & Forecast, by End-User (2017-2025), USD Million
   10.2.1.5. Market Size & Forecast, by Country (2017-2025), USD Million
  10.2.2. Germany
    10.2.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
    10.2.2.2. Market Size & Forecast, by Type (2017-2025), USD Million
    10.2.2.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
    10.2.2.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.3. UK
    10.2.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
    10.2.3.2. Market Size & Forecast, by Type (2017-2025), USD Million
    10.2.3.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
    10.2.3.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.4. France
   10.2.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.4.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.4.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.4.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.5. Spain
   10.2.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.5.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.5.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.5.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.6. Italy
   10.2.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.6.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.6.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.6.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.7. Russia
   10.2.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.7.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.7.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.7.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.2.8. Rest of Europe
   10.2.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.2.8.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.2.8.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.2.8.4. Market Size & Forecast, by End-User (2017-2025), USD Million
 10.3. Asia Pacific (APAC)
  10.3.1. Introduction
   10.3.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.1.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.1.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.1.4. Market Size & Forecast, by End-User (2017-2025), USD Million
   10.3.1.5. Market Size & Forecast, by Country (2017-2025), USD Million
  10.3.2. China
   10.3.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.2.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.2.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.2.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.3.3. Japan
   10.3.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.3.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.3.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.3.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.3.4. India
   10.3.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.4.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.4.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.4.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.3.5. Australia
   10.3.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.5.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.5.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.5.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.3.6. South Korea
   10.3.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.6.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.6.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.6.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.3.7. Rest of Asia Pacific
   10.3.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.3.7.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.3.7.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.3.7.4. Market Size & Forecast, by End-User (2017-2025), USD Million
 10.4. Latin America (LATAM)
  10.4.1. Introduction
   10.4.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.4.1.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.4.1.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.4.1.4. Market Size & Forecast, by End-User (2017-2025), USD Million
   10.4.1.5. Market Size & Forecast, by Country (2017-2025), USD Million
  10.4.2. Brazil
   10.4.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.4.2.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.4.2.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.4.2.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.4.3. Mexico
   10.4.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.4.3.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.4.3.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.4.3.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.4.4. Argentina
   10.4.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.4.4.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.4.4.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.4.4.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.4.5. Rest of LATAM
   10.4.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.4.5.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.4.5.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.4.5.4. Market Size & Forecast, by End-User (2017-2025), USD Million
 10.5. Middle East & Africa (MEA)
  10.5.1. Introduction
   10.5.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.5.1.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.5.1.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.5.1.4. Market Size & Forecast, by End-User (2017-2025), USD Million
   10.5.1.5. Market Size & Forecast, by Country (2017-2025), USD Million
  10.5.2. South Africa
   10.5.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.5.2.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.5.2.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.5.2.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.5.3. Saudi Arabia
   10.5.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.5.3.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.5.3.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.5.3.4. Market Size & Forecast, by End-User (2017-2025), USD Million
  10.5.4. Rest of MEA
   10.5.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   10.5.4.2. Market Size & Forecast, by Type (2017-2025), USD Million
   10.5.4.3. Market Size & Forecast, by Delivery Mode (2017-2025), USD Million
   10.5.4.4. Market Size & Forecast, by End-User (2017-2025), USD Million
11. Competitor Analysis
 11.1. Market Player Comparison
 11.2. Product-wise Player Mapping
 11.3. Region-wise Player Mapping
 11.4. Market Share Analysis
 11.5. Market Position Analysis
 11.6. Recent Development Analysis
12. Company Profiles
 12.1. athenahealth, Inc. (U.S.)
  12.1.1. Company Overview
  12.1.2. Company Financials
  12.1.3. Product Portfolio
  12.1.4. Recent Developments
 12.2. Healthcare Solutions, Inc. (U.S.)
  12.2.1. Company Overview
  12.2.2. Company Financials
  12.2.3. Product Portfolio
  12.2.4. Recent Developments
 12.3. Cerner Corporation (U.S.)
  12.3.1. Company Overview
  12.3.2. Company Financials
  12.3.3. Product Portfolio
  12.3.4. Recent Developments
 12.4. GE Healthcare (U.S.)
  12.4.1. Company Overview
  12.4.2. Company Financials
  12.4.3. Product Portfolio
  12.4.4. Recent Developments
 12.5. Epic Systems Corporation (U.S.)
  12.5.1. Company Overview
  12.5.2. Company Financials
  12.5.3. Product Portfolio
  12.5.4. Recent Developments
 12.6. Greenway Health, LLC (U.S.)
  12.6.1. Company Overview
  12.6.2. Company Financials
  12.6.3. Product Portfolio
  12.6.4. Recent Developments
 12.7. Medical Information Technology, Inc. (U.S.)
  12.7.1. Company Overview
  12.7.2. Company Financials
  12.7.3. Product Portfolio
  12.7.4. Recent Developments
 12.8. McKesson Corporation (U.S.)
  12.8.1. Company Overview
  12.8.2. Company Financials
  12.8.3. Product Portfolio
  12.8.4. Recent Developments
 12.9. NextGen Healthcare Information System LLC (U.S)
  12.9.1. Company Overview
  12.9.2. Company Financials
  12.9.3. Product Portfolio
  12.9.4. Recent Developments
 12.10. Allscripts Healthcare Solutions, Inc. (U.S.)
  12.10.1. Company Overview
  12.10.2. Company Financials
  12.10.3. Product Portfolio
  12.10.4. Recent Developments
(Note: Financials are captured for public listed companies)

Key questions addressed by the research report-

  1. What are the current market trends and future market forecast from 2019 to 2025 for Billing and Practice Management Services market?
  2. What are the market dynamics and probable opportunities for market players during the forecast period?
  3. Initiatives undertaken my market players to address the COVID-19 impact to sustain in the competitive market.
  4. Which geographies have immense opportunities in different segments of the Billing and Practice Management Services market?
  5. What are the recent strategies adopted by market players such as product launch, partnership, agreement, collaboration, merger & acquisition, and geographical expansion?


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