The North American Automatic patient billing report defines and segments the concerned market in North America with analysis and forecast of revenue. The automatic patient billing market in North America is estimated to grow to around $2,182.0 million by 2018, at a CAGR of 7.2% from 2013 to 2018.
Browse through the TOC of the North American automatic patient billing market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the size exclusion chromatography reagents segmentation in the same region, and is supported by various tables and figures.
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The automatic patient billing system generates automated responses for events such as claim denials, re submissions, and status updates to streamline back-office workflow, which in turn allows complete claim tracking.
The automatic medical billing software for the healthcare sector has proved to be an efficient and effective tool to curb the rising healthcare costs. The department-wise data is integrated from the provider and payer, and the system also processes medical claims in a more secured way, reducing errors and chances of fraud.
In North America, the payers spend 30% of their income in administrative costs due to manual processes. Healthcare providers are under tremendous pressure for customization of services which is the main reason for implementation of automatic patient billing system in the U.S. and Canada. Process digitization is expected to improve the return on investment (ROI) of healthcare providers like hospitals and clinicians by reducing costs and overheads as well as by reducing time period involved in pre-admission and billing procedures. Consequently, the healthcare market as a whole has succeeded with improved operational performance and cost-effective measures.
This market is segmented and forecast on the basis of components and deployments of automatic patient billing market in the North American region. The components comprise hardware, software, and services, and the deployments are on-premise, cloud-based, and web-based. The market is further segmented and forecast on the basis of major countries, such as the U.S., Canada, and Mexico. The market is also segmented and analyzed further on the basis of end users.
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies of the market.