North America Medical Billing Software Market Size, Share & Trends Analysis Report By Billing Type (Institutional Billing, and Professional Billing), By Deployment (Cloud-Based, Web-Based, and On-Premises), By End-user, By Country and Growth Forecast, 2024 - 2031

The North America Medical Billing Software Market would witness market growth of 9.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Medical Billing Software Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,662.9 Million by 2031. Canada market is experiencing a CAGR of 11.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.7% during (2024 - 2031).

Medical billing software plays a crucial role in modern healthcare systems, offering a range of applications that enhance the efficiency and accuracy of billing processes. Its diverse applications address various needs within healthcare organizations, from streamlining administrative tasks to ensuring regulatory compliance.

Additionally, this automates the creation, submitting, and tracking of insurance claims. It generates electronic claims based on patient encounters and coding data, reducing the need for manual data entry. The software tracks the status of claims in real time, providing alerts for resubmissions or follow-ups if claims are denied or require additional information.

The growing investment in Canada’s healthcare sector significantly influences the medical billing software market. As the Canadian government and private entities increase funding and support for healthcare initiatives, several key impacts are shaping the medical billing software landscape in the country. As per the Government of Canada, the government announced an investment of $196.1 billion over ten years, including $46.2 billion in new funding, for territories and provinces to enhance healthcare services for citizens.

Free Valuable Insights: The Medical Billing Software Market is Predict to reach USD 33.1 Billion by 2031, at a CAGR of 10%

Based on Billing Type, the market is segmented into Institutional Billing, and Professional Billing. Based on Deployment, the market is segmented into Cloud-Based, Web-Based, and On-Premises. Based on End-user, the market is segmented into Healthcare Providers, Healthcare Payers, and Other End-user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Kareo, Inc.
• GE HealthCare Technologies, Inc.
• Athenahealth, Inc.
• Quest Diagnostics Incorporated
• Epic Systems Corporation
• Oracle Corporation
• Cognizant Technology Solutions Corporation
• SAP SE
• NEXTGEN HEALTHCARE, INC.
• Microsoft Corporation

North America Medical Billing Software Market Report Segmentation

By Billing Type

• Institutional Billing
• Professional Billing

By Deployment

• Cloud-Based
• Web-Based
• On-Premises

By End-user

• Healthcare Providers
• Healthcare Payers
• Other End-user

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Medical Billing Software Market, by Billing Type
1.4.2 North America Medical Billing Software Market, by Deployment
1.4.3 North America Medical Billing Software Market, by End-user
1.4.4 North America Medical Billing Software Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.5 Porter Five Forces Analysis

Chapter 5. North America Medical Billing Software Market by Billing Type
5.1 North America Institutional Billing Market by Region
5.2 North America Professional Billing Market by Region

Chapter 6. North America Medical Billing Software Market by Deployment
6.1 North America Cloud-Based Market by Country
6.2 North America Web-Based Market by Country
6.3 North America On-Premises Market by Country

Chapter 7. North America Medical Billing Software Market by End-user
7.1 North America Healthcare Providers Market by Country
7.2 North America Healthcare Payers Market by Country
7.3 North America Other End-user Market by Country

Chapter 8. North America Medical Billing Software Market by Country
8.1 US Medical Billing Software Market
8.1.1 US Medical Billing Software Market by Billing Type
8.1.2 US Medical Billing Software Market by Deployment
8.1.3 US Medical Billing Software Market by End-user
8.2 Canada Medical Billing Software Market
8.2.1 Canada Medical Billing Software Market by Billing Type
8.2.2 Canada Medical Billing Software Market by Deployment
8.2.3 Canada Medical Billing Software Market by End-user
8.3 Mexico Medical Billing Software Market
8.3.1 Mexico Medical Billing Software Market by Billing Type
8.3.2 Mexico Medical Billing Software Market by Deployment
8.3.3 Mexico Medical Billing Software Market by End-user
8.4 Rest of North America Medical Billing Software Market
8.4.1 Rest of North America Medical Billing Software Market by Billing Type
8.4.2 Rest of North America Medical Billing Software Market by Deployment
8.4.3 Rest of North America Medical Billing Software Market by End-user

Chapter 9. Company Profiles
9.1 Kareo, Inc.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Product Launches and Product Expansions:
9.1.2.2 Acquisition and Mergers:
9.2 GE HealthCare Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Athenahealth, Inc.
9.3.1 Company overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Product Launches and Product Expansions:
9.4 Quest Diagnostics Incorporated
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 SWOT Analysis
9.5 Epic Systems Corporation
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.3 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Cognizant Technology Solutions Corporation
9.7.1 Company overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.5 SWOT Analysis
9.8 SAP SE
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Nextgen healthcare, inc.
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. Microsoft Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

TABLE 1 North America Medical Billing Software Market, 2020 - 2023, USD Million
TABLE 2 North America Medical Billing Software Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Medical Billing Software Market
TABLE 4 Product Launches And Product Expansions– Medical Billing Software Market
TABLE 5 Acquisition and Mergers– Medical Billing Software Market
TABLE 6 North America Medical Billing Software Market by Billing Type, 2020 - 2023, USD Million
TABLE 7 North America Medical Billing Software Market by Billing Type, 2024 - 2031, USD Million
TABLE 8 North America Institutional Billing Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Institutional Billing Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Professional Billing Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Professional Billing Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Medical Billing Software Market by Deployment, 2020 - 2023, USD Million
TABLE 13 North America Medical Billing Software Market by Deployment, 2024 - 2031, USD Million
TABLE 14 North America Cloud-Based Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Cloud-Based Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Web-Based Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Web-Based Market by Country, 2024 - 2031, USD Million
TABLE 18 North America On-Premises Market by Country, 2020 - 2023, USD Million
TABLE 19 North America On-Premises Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Medical Billing Software Market by End-user, 2020 - 2023, USD Million
TABLE 21 North America Medical Billing Software Market by End-user, 2024 - 2031, USD Million
TABLE 22 North America Healthcare Providers Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Healthcare Providers Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Healthcare Payers Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Healthcare Payers Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Other End-user Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Other End-user Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Medical Billing Software Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Medical Billing Software Market by Country, 2024 - 2031, USD Million
TABLE 30 US Medical Billing Software Market, 2020 - 2023, USD Million
TABLE 31 US Medical Billing Software Market, 2024 - 2031, USD Million
TABLE 32 US Medical Billing Software Market by Billing Type, 2020 - 2023, USD Million
TABLE 33 US Medical Billing Software Market by Billing Type, 2024 - 2031, USD Million
TABLE 34 US Medical Billing Software Market by Deployment, 2020 - 2023, USD Million
TABLE 35 US Medical Billing Software Market by Deployment, 2024 - 2031, USD Million
TABLE 36 US Medical Billing Software Market by End-user, 2020 - 2023, USD Million
TABLE 37 US Medical Billing Software Market by End-user, 2024 - 2031, USD Million
TABLE 38 Canada Medical Billing Software Market, 2020 - 2023, USD Million
TABLE 39 Canada Medical Billing Software Market, 2024 - 2031, USD Million
TABLE 40 Canada Medical Billing Software Market by Billing Type, 2020 - 2023, USD Million
TABLE 41 Canada Medical Billing Software Market by Billing Type, 2024 - 2031, USD Million
TABLE 42 Canada Medical Billing Software Market by Deployment, 2020 - 2023, USD Million
TABLE 43 Canada Medical Billing Software Market by Deployment, 2024 - 2031, USD Million
TABLE 44 Canada Medical Billing Software Market by End-user, 2020 - 2023, USD Million
TABLE 45 Canada Medical Billing Software Market by End-user, 2024 - 2031, USD Million
TABLE 46 Mexico Medical Billing Software Market, 2020 - 2023, USD Million
TABLE 47 Mexico Medical Billing Software Market, 2024 - 2031, USD Million
TABLE 48 Mexico Medical Billing Software Market by Billing Type, 2020 - 2023, USD Million
TABLE 49 Mexico Medical Billing Software Market by Billing Type, 2024 - 2031, USD Million
TABLE 50 Mexico Medical Billing Software Market by Deployment, 2020 - 2023, USD Million
TABLE 51 Mexico Medical Billing Software Market by Deployment, 2024 - 2031, USD Million
TABLE 52 Mexico Medical Billing Software Market by End-user, 2020 - 2023, USD Million
TABLE 53 Mexico Medical Billing Software Market by End-user, 2024 - 2031, USD Million
TABLE 54 Rest of North America Medical Billing Software Market, 2020 - 2023, USD Million
TABLE 55 Rest of North America Medical Billing Software Market, 2024 - 2031, USD Million
TABLE 56 Rest of North America Medical Billing Software Market by Billing Type, 2020 - 2023, USD Million
TABLE 57 Rest of North America Medical Billing Software Market by Billing Type, 2024 - 2031, USD Million
TABLE 58 Rest of North America Medical Billing Software Market by Deployment, 2020 - 2023, USD Million
TABLE 59 Rest of North America Medical Billing Software Market by Deployment, 2024 - 2031, USD Million
TABLE 60 Rest of North America Medical Billing Software Market by End-user, 2020 - 2023, USD Million
TABLE 61 Rest of North America Medical Billing Software Market by End-user, 2024 - 2031, USD Million
TABLE 62 key information – Kareo, Inc.
TABLE 63 Key Information – GE HealthCare Technologies, Inc.
TABLE 64 Key Information – Athenahealth, Inc.
TABLE 65 Key information – Quest Diagnostics Incorporated
TABLE 66 Key Information – Epic Systems Corporation
TABLE 67 Key Information – Oracle Corporation
TABLE 68 Key Information – Cognizant Technology Solutions Corporation
TABLE 69 Key Information – SAP SE
TABLE 70 Key Information – Nextgen healthcare, inc.
TABLE 71 Key Information – Microsoft Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Medical Billing Software Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Medical Billing Software Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Porter’s Five Forces Analysis – Medical Billing Software Market
FIG 8 North America Medical Billing Software Market share by Billing Type, 2023
FIG 9 North America Medical Billing Software Market share by Billing Type, 2031
FIG 10 North America Medical Billing Software Market by Billing Type, 2020 - 2031, USD Million
FIG 11 North America Medical Billing Software Market share by Deployment, 2023
FIG 12 North America Medical Billing Software Market share by Deployment, 2031
FIG 13 North America Medical Billing Software Market by Deployment, 2020 - 2031, USD Million
FIG 14 North America Medical Billing Software Market share by End-user, 2023
FIG 15 North America Medical Billing Software Market share by End-user, 2031
FIG 16 North America Medical Billing Software Market by End-user, 2020 - 2031, USD Million
FIG 17 North America Medical Billing Software Market share by Country, 2023
FIG 18 North America Medical Billing Software Market share by Country, 2031
FIG 19 North America Medical Billing Software Market by Country, 2020 - 2031, USD Million
FIG 20 Recent strategies and developments: Kareo, Inc.
FIG 21 SWOT Analysis: GE HealthCare Technologies, Inc.
FIG 22 Recent strategies and developments: Athenahealth, Inc.
FIG 23 SWOT Analysis: Quest Diagnostics Incorporated
FIG 24 SWOT Analysis: Epic Systems Corporation
FIG 25 SWOT Analysis: Oracle Corporation
FIG 26 Swot analysis: cognizant technology solutions corporation
FIG 27 SWOT Analysis: SAP SE
FIG 28 SWOT Analysis: Nextgen healthcare, inc.
FIG 29 SWOT Analysis: Microsoft Corporation