The Business Research Company’s latest report Medical Billing Outsourcing Global Market Report 2020 covers Medical Billing Outsourcing market drivers, Medical Billing Outsourcing market trends, Medical Billing Outsourcing market segments, Medical Billing Outsourcing market growth rate, Medical Billing Outsourcing market major players, and Medical Billing Outsourcing market size. The report provides in-depth analysis of the impact of COVID-19 on the Medical Billing Outsourcing industry, along with revised market numbers due to the effects of the coronavirus.
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Medical Billing Outsourcing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global medical billing outsourcing market is expected to decline from $8.69 billion in 2019 to $8.41 billion in 2020 at a compound annual growth rate (CAGR) of -3.16%. The decline is mainly due to the COVID-19 outbreak that has led to deferred care to avoid visiting hospitals, which resulted in reduced patient volume. The market is then expected to recover and reach $12.44 billion in 2023 at a CAGR of 13.93%.
The report covers the Medical Billing Outsourcing market’s segments-
1) By Service: Front End, Back End.
2) By End User: Hospitals, Physician Offices.
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