Tuesday, 27 August 2024

U.S. Emergency Medical Services Billing Software Market To Reach $814.58 Million By 2030

The U.S. Emergency Medical Services Billing Software Market size is anticipated to reach USD 814.58 million by 2030, expanding at a CAGR of 8.72% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for software that enhances processes and generates revenue for clients is expected to propel growth of the market. EMS billing platforms enable EMS providers to focus on improving patient care without the need for complex and lengthy billing operations. This is anticipated to drive the market's growth.

Furthermore, the COVID-19 pandemic had a significant impact on the use of EMS billing software in the U.S., resulting in both challenges and opportunities for the sector. According to the survey conducted by the National Association of Emergency Medical Technicians (NAEMT), around 61% of EMS agencies experienced a one-third decrease in call volume during the early stages of the pandemic. This decline in service demand led to a substantial drop in revenue for many agencies, with nearly three-quarters reporting financial strain due to increased COVID-related costs. However, the pandemic has accelerated the adoption of automated billing solutions and data management practices. Agencies are now more focused on utilizing technology to streamline their billing processes, improve reporting, and enhance decision-making capabilities. This has increased the growth in the adoption of advanced EMS billing software and innovative billing strategies, expanding the market for future expansion.

Managing complex billing software and handling patient data are challenging and time-consuming tasks for emergency care organizations. As a result, various providers have started launching automated software to streamline processes, decrease time spent on administrative tasks, and enable patient data to be accessed from multiple sources.

List of key players in the U.S. Emergency Medical Services Billing Software Market

  • MEDAPOINT (MP CLOUD TECHNOLOGIES)
  • eso
  • Ambubill - Ambulance Billing Service.
  • AIM EMS SOFTWARE & SERVICES
  • ImagineSoftware, Technology Partners, LLC
  • Change Healthcare
  • Isalus Healthcare
  • Lexipol (EMS1)
  • iTech Workshop Pvt Ltd
  • Kareo, Inc.
  • AdvancedMD, Inc.
  • Digitech Computer LLC
  • Intermedix (R1 RCM)
  • Wittman Enterprises, LLC
  • Traumasoft
  • ZOLL Medical Corporation

Related Press Release@ U.S. Emergency Medical Services Billing Software Market Report

U.S. Emergency Medical Services Billing Software Market Report Highlights

  • On the basis of component, the outsourced segment dominated the market in 2023, and is expected to witness the fastest growth over the forecast period. The companies find the outsourced option to be more cost-effective than developing their software in-house. The availability of integrated and advanced billing software has made the billing process more efficient for service providers
  • On the basis of type, land ambulances dominated the market in 2023, due to faster response time for transporting patients suffering from cardiac arrest or accidental emergency cases
  • Rising demand for land ambulances from the Medicare-insured population is expected to drive growth in land ambulance services. Air ambulance services are expected to have the fastest CAGR during the forecast period
  • Some prominent players in the U.S. EMS billing software market includes MEDAPOINT (MP CLOUD TECHNOLOGIES), eso, Ambubill - Ambulance Billing Service., AIM EMS SOFTWARE & SERVICES, ImagineSoftware, Technology Partners, LLC, Change Healthcare, Isalus Healthcare, Lexipol (EMS1), iTech Workshop Pvt Ltd, Kareo, Inc., AdvancedMD, Inc., Digitech Computer LLC, Intermedix (R1 RCM), Wittman Enterprises, LLC, Traumasoft, and ZOLL Medical Corporation

U.S. Emergency Medical Services Billing Software Market Report Scope

Report Attribute

Details

Revenue forecast in 2030

USD 814.8 billion

Growth Rate

CAGR of 8.72% from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

 

U.S. Emergency Medical Services Billing Software Market Segmentation

Grand View Research has segmented the U.S. emergency medical services billing software market on the basis of component, and type.

U.S. Emergency Medical Services Component Outlook (Revenue, USD Million, 2018 - 2030)

  • In-house
  • Outsourced

U.S. Emergency Medical Services Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Land Ambulance Services
  • Air Ambulance Services
  • Water Ambulance Services

Explore Horizon, the world's most expansive market research database

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

No comments:

Post a Comment

Artificial Intelligence In Cardiology Market Size is Predicted to Witness 24.6% CAGR till 2030

  The global  Artificial Intelligence In Cardiology Market  size is expected to reach USD 4.8 billion in 2030 and is projected to grow at a ...