The global market for Medical Coding Outsourcing Service was valued at US$ 14410 million in the year 2024 and is projected to reach a revised size of US$ 22880 million by 2031, growing at a CAGR of 6.8% during the forecast period.
Medical coding outsourcing service refers to the practice where healthcare providers, such as hospitals, clinics, or medical practices, entrust the task of medical coding to external specialized companies or agencies. Medical coding involves translating the details of medical diagnoses, procedures, and services into standardized alphanumeric codes for billing, insurance claims processing, and maintaining accurate medical records. By outsourcing this function, healthcare organizations can leverage the expertise of these external entities, which often have trained coders well-versed in the complex coding systems like ICD (International Classification of Diseases), CPT (Current Procedural Terminology), and HCPCS (Healthcare Common Procedure Coding System). This allows the healthcare providers to focus more on patient care while ensuring proper reimbursement and organized record-keeping through the efficient handling of medical coding by the outsourced service.
North American market for Medical Coding Outsourcing Service is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Medical Coding Outsourcing Service is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Medical Coding Outsourcing Service in Outpatient Medical Coding is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Medical Coding Outsourcing Service include MedsITNexus, Outsourcey, Elevate, Invensis, NextWealth, HealthCare Resolution Services, Medical Billers and Coders (MBC), Global Healthcare Resource, Flatworld Solutions, Connext, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Medical Coding Outsourcing Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Coding Outsourcing Service.
The Medical Coding Outsourcing Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Medical Coding Outsourcing Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Medical Coding Outsourcing Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
MedsITNexus
Outsourcey
Elevate
Invensis
NextWealth
HealthCare Resolution Services
Medical Billers and Coders (MBC)
Global Healthcare Resource
Flatworld Solutions
Connext
GeBBS
3Gen Consulting
Allzone
Outsource2india
SunTec India
Medisys Data Solutions
e-care India
Plutus Health
Practolytics
MedCycle Solutions
MAX BPO
Medrevn
SSR TECHVISION
Magellan Solutions
AnnexMed
Segment by Type
ICD Codes
CPT Codes
HCPCS Codes
Segment by Application
Outpatient Medical Coding
Inpatient Medical Coding
Emergency Room Coding
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medical Coding Outsourcing Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Medical Coding Outsourcing Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 ICD Codes
1.2.3 CPT Codes
1.2.4 HCPCS Codes
1.3 Market by Application
1.3.1 Global Medical Coding Outsourcing Service Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Outpatient Medical Coding
1.3.3 Inpatient Medical Coding
1.3.4 Emergency Room Coding
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Medical Coding Outsourcing Service Market Perspective (2020-2031)
2.2 Global Medical Coding Outsourcing Service Growth Trends by Region
2.2.1 Global Medical Coding Outsourcing Service Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Medical Coding Outsourcing Service Historic Market Size by Region (2020-2025)
2.2.3 Medical Coding Outsourcing Service Forecasted Market Size by Region (2026-2031)
2.3 Medical Coding Outsourcing Service Market Dynamics
2.3.1 Medical Coding Outsourcing Service Industry Trends
2.3.2 Medical Coding Outsourcing Service Market Drivers
2.3.3 Medical Coding Outsourcing Service Market Challenges
2.3.4 Medical Coding Outsourcing Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Medical Coding Outsourcing Service Players by Revenue
3.1.1 Global Top Medical Coding Outsourcing Service Players by Revenue (2020-2025)
3.1.2 Global Medical Coding Outsourcing Service Revenue Market Share by Players (2020-2025)
3.2 Global Medical Coding Outsourcing Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Medical Coding Outsourcing Service Revenue
3.4 Global Medical Coding Outsourcing Service Market Concentration Ratio
3.4.1 Global Medical Coding Outsourcing Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Medical Coding Outsourcing Service Revenue in 2024
3.5 Global Key Players of Medical Coding Outsourcing Service Head office and Area Served
3.6 Global Key Players of Medical Coding Outsourcing Service, Product and Application
3.7 Global Key Players of Medical Coding Outsourcing Service, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Medical Coding Outsourcing Service Breakdown Data by Type
4.1 Global Medical Coding Outsourcing Service Historic Market Size by Type (2020-2025)
4.2 Global Medical Coding Outsourcing Service Forecasted Market Size by Type (2026-2031)
5 Medical Coding Outsourcing Service Breakdown Data by Application
5.1 Global Medical Coding Outsourcing Service Historic Market Size by Application (2020-2025)
5.2 Global Medical Coding Outsourcing Service Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Medical Coding Outsourcing Service Market Size (2020-2031)
6.2 North America Medical Coding Outsourcing Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Medical Coding Outsourcing Service Market Size by Country (2020-2025)
6.4 North America Medical Coding Outsourcing Service Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Medical Coding Outsourcing Service Market Size (2020-2031)
7.2 Europe Medical Coding Outsourcing Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Medical Coding Outsourcing Service Market Size by Country (2020-2025)
7.4 Europe Medical Coding Outsourcing Service Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Medical Coding Outsourcing Service Market Size (2020-2031)
8.2 Asia-Pacific Medical Coding Outsourcing Service Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Medical Coding Outsourcing Service Market Size by Region (2020-2025)
8.4 Asia-Pacific Medical Coding Outsourcing Service Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Medical Coding Outsourcing Service Market Size (2020-2031)
9.2 Latin America Medical Coding Outsourcing Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Medical Coding Outsourcing Service Market Size by Country (2020-2025)
9.4 Latin America Medical Coding Outsourcing Service Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Medical Coding Outsourcing Service Market Size (2020-2031)
10.2 Middle East & Africa Medical Coding Outsourcing Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Medical Coding Outsourcing Service Market Size by Country (2020-2025)
10.4 Middle East & Africa Medical Coding Outsourcing Service Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 MedsITNexus
11.1.1 MedsITNexus Company Details
11.1.2 MedsITNexus Business Overview
11.1.3 MedsITNexus Medical Coding Outsourcing Service Introduction
11.1.4 MedsITNexus Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.1.5 MedsITNexus Recent Development
11.2 Outsourcey
11.2.1 Outsourcey Company Details
11.2.2 Outsourcey Business Overview
11.2.3 Outsourcey Medical Coding Outsourcing Service Introduction
11.2.4 Outsourcey Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.2.5 Outsourcey Recent Development
11.3 Elevate
11.3.1 Elevate Company Details
11.3.2 Elevate Business Overview
11.3.3 Elevate Medical Coding Outsourcing Service Introduction
11.3.4 Elevate Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.3.5 Elevate Recent Development
11.4 Invensis
11.4.1 Invensis Company Details
11.4.2 Invensis Business Overview
11.4.3 Invensis Medical Coding Outsourcing Service Introduction
11.4.4 Invensis Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.4.5 Invensis Recent Development
11.5 NextWealth
11.5.1 NextWealth Company Details
11.5.2 NextWealth Business Overview
11.5.3 NextWealth Medical Coding Outsourcing Service Introduction
11.5.4 NextWealth Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.5.5 NextWealth Recent Development
11.6 HealthCare Resolution Services
11.6.1 HealthCare Resolution Services Company Details
11.6.2 HealthCare Resolution Services Business Overview
11.6.3 HealthCare Resolution Services Medical Coding Outsourcing Service Introduction
11.6.4 HealthCare Resolution Services Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.6.5 HealthCare Resolution Services Recent Development
11.7 Medical Billers and Coders (MBC)
11.7.1 Medical Billers and Coders (MBC) Company Details
11.7.2 Medical Billers and Coders (MBC) Business Overview
11.7.3 Medical Billers and Coders (MBC) Medical Coding Outsourcing Service Introduction
11.7.4 Medical Billers and Coders (MBC) Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.7.5 Medical Billers and Coders (MBC) Recent Development
11.8 Global Healthcare Resource
11.8.1 Global Healthcare Resource Company Details
11.8.2 Global Healthcare Resource Business Overview
11.8.3 Global Healthcare Resource Medical Coding Outsourcing Service Introduction
11.8.4 Global Healthcare Resource Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.8.5 Global Healthcare Resource Recent Development
11.9 Flatworld Solutions
11.9.1 Flatworld Solutions Company Details
11.9.2 Flatworld Solutions Business Overview
11.9.3 Flatworld Solutions Medical Coding Outsourcing Service Introduction
11.9.4 Flatworld Solutions Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.9.5 Flatworld Solutions Recent Development
11.10 Connext
11.10.1 Connext Company Details
11.10.2 Connext Business Overview
11.10.3 Connext Medical Coding Outsourcing Service Introduction
11.10.4 Connext Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.10.5 Connext Recent Development
11.11 GeBBS
11.11.1 GeBBS Company Details
11.11.2 GeBBS Business Overview
11.11.3 GeBBS Medical Coding Outsourcing Service Introduction
11.11.4 GeBBS Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.11.5 GeBBS Recent Development
11.12 3Gen Consulting
11.12.1 3Gen Consulting Company Details
11.12.2 3Gen Consulting Business Overview
11.12.3 3Gen Consulting Medical Coding Outsourcing Service Introduction
11.12.4 3Gen Consulting Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.12.5 3Gen Consulting Recent Development
11.13 Allzone
11.13.1 Allzone Company Details
11.13.2 Allzone Business Overview
11.13.3 Allzone Medical Coding Outsourcing Service Introduction
11.13.4 Allzone Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.13.5 Allzone Recent Development
11.14 Outsource2india
11.14.1 Outsource2india Company Details
11.14.2 Outsource2india Business Overview
11.14.3 Outsource2india Medical Coding Outsourcing Service Introduction
11.14.4 Outsource2india Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.14.5 Outsource2india Recent Development
11.15 SunTec India
11.15.1 SunTec India Company Details
11.15.2 SunTec India Business Overview
11.15.3 SunTec India Medical Coding Outsourcing Service Introduction
11.15.4 SunTec India Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.15.5 SunTec India Recent Development
11.16 Medisys Data Solutions
11.16.1 Medisys Data Solutions Company Details
11.16.2 Medisys Data Solutions Business Overview
11.16.3 Medisys Data Solutions Medical Coding Outsourcing Service Introduction
11.16.4 Medisys Data Solutions Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.16.5 Medisys Data Solutions Recent Development
11.17 e-care India
11.17.1 e-care India Company Details
11.17.2 e-care India Business Overview
11.17.3 e-care India Medical Coding Outsourcing Service Introduction
11.17.4 e-care India Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.17.5 e-care India Recent Development
11.18 Plutus Health
11.18.1 Plutus Health Company Details
11.18.2 Plutus Health Business Overview
11.18.3 Plutus Health Medical Coding Outsourcing Service Introduction
11.18.4 Plutus Health Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.18.5 Plutus Health Recent Development
11.19 Practolytics
11.19.1 Practolytics Company Details
11.19.2 Practolytics Business Overview
11.19.3 Practolytics Medical Coding Outsourcing Service Introduction
11.19.4 Practolytics Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.19.5 Practolytics Recent Development
11.20 MedCycle Solutions
11.20.1 MedCycle Solutions Company Details
11.20.2 MedCycle Solutions Business Overview
11.20.3 MedCycle Solutions Medical Coding Outsourcing Service Introduction
11.20.4 MedCycle Solutions Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.20.5 MedCycle Solutions Recent Development
11.21 MAX BPO
11.21.1 MAX BPO Company Details
11.21.2 MAX BPO Business Overview
11.21.3 MAX BPO Medical Coding Outsourcing Service Introduction
11.21.4 MAX BPO Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.21.5 MAX BPO Recent Development
11.22 Medrevn
11.22.1 Medrevn Company Details
11.22.2 Medrevn Business Overview
11.22.3 Medrevn Medical Coding Outsourcing Service Introduction
11.22.4 Medrevn Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.22.5 Medrevn Recent Development
11.23 SSR TECHVISION
11.23.1 SSR TECHVISION Company Details
11.23.2 SSR TECHVISION Business Overview
11.23.3 SSR TECHVISION Medical Coding Outsourcing Service Introduction
11.23.4 SSR TECHVISION Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.23.5 SSR TECHVISION Recent Development
11.24 Magellan Solutions
11.24.1 Magellan Solutions Company Details
11.24.2 Magellan Solutions Business Overview
11.24.3 Magellan Solutions Medical Coding Outsourcing Service Introduction
11.24.4 Magellan Solutions Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.24.5 Magellan Solutions Recent Development
11.25 AnnexMed
11.25.1 AnnexMed Company Details
11.25.2 AnnexMed Business Overview
11.25.3 AnnexMed Medical Coding Outsourcing Service Introduction
11.25.4 AnnexMed Revenue in Medical Coding Outsourcing Service Business (2020-2025)
11.25.5 AnnexMed Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
MedsITNexus
Outsourcey
Elevate
Invensis
NextWealth
HealthCare Resolution Services
Medical Billers and Coders (MBC)
Global Healthcare Resource
Flatworld Solutions
Connext
GeBBS
3Gen Consulting
Allzone
Outsource2india
SunTec India
Medisys Data Solutions
e-care India
Plutus Health
Practolytics
MedCycle Solutions
MAX BPO
Medrevn
SSR TECHVISION
Magellan Solutions
AnnexMed
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*If Applicable.
