What is Medical Accounting Software?
Medical Billing software manages patient billing and collections for the medical industry. Medical accounting software can streamline accounting processes and cut back on errors associated with manual data entry. Accounting software for healthcare or social services industries will include a number of features that support the management of day-to-day accounting and business practices.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | NetSuite (United States), Intuit Inc. (United States), Sage Software Inc. (Canada), Cougar Mountain Software (United States), Microsoft Corporation (United States), Infor Inc. (United States), Horizon Technology Solutions (India), Zoho Corp (India), FreshBooks (Canada), Deltek (United States), SAP SE (Germany), Oracle Corporation (United States) and EBizCharge (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Budgeting/Forecasting, Financial Reporting, Payroll Management, Billing/Invoicing, Inventory Management and Other) , by application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Accounting Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Medical Accounting Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are NetSuite (United States), Intuit Inc. (United States), Sage Software Inc. (Canada), Cougar Mountain Software (United States), Microsoft Corporation (United States), Infor Inc. (United States), Horizon Technology Solutions (India), Zoho Corp (India), FreshBooks (Canada), Deltek (United States), SAP SE (Germany), Oracle Corporation (United States) and EBizCharge (United States).
Market Overview:
On 1 November 2021, Intuit, the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, announced that it has completed its acquisition of Mailchimp, a world-class, global customer engagement and marketing platform for growing small and mid-market businesses.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Trend
Users Prefer Cloud-Based Systems to On-Premise
Restraints
Opportunities
Rising Number of Medicals in Developing Countries and High Potential in Emerging Economy
Key highlights of the Global Medical Accounting Software market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Medical Accounting Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Medical Accounting Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Medical Accounting Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Medical Accounting Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Medical Accounting Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Medical Accounting Software Providers, Potential Technology Investors, Regulatory & Government Bodies, End Users, Downstream Vendors, Potential Investors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.