The Medical Billing Market size is projected to increase further at 6.5% CAGR during the assessment period (2017-2023). The burgeoning healthcare IT sector and rapid advancements in the related technology are the major driving forces behind the success of the medical billing market. Medical billing or healthcare revenue cycle management (HRCM) is the most crucial aspect of the healthcare industry. It is a payment practice, which aids in receiving payments, bill submission, and payment follow-up. Implementation of HRCM in healthcare settings helps the care providers to allocate resources and manage revenues effectively with an analytical approach and improve their cash flow while reducing claim denials. The medical billing market has been witnessing tremendous traction on the global front, mainly due to the advances in the HRCM technology that is making quite a stride, off late. Besides, medical billing industry trends, such as the broad uptake of HRCM technology across the healthcare
https://www.medgadget.com/2020/02/medical-billing-market-growth-projection-size-estimation-sales-statistics-trends-analysis-and-medical-billing-industry-insights-by-2023.html
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