The U.S. emergency medical services (EMS) billing software market size is expected to reach USD 311.2 million by 2026, based on a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.40% during the forecast period. Rising demand for deploying software that enables enhancement of the process to increase revenue for the clients is anticipated to drive the market. Deploying EMS billing platforms allows EMS providers to focus on improving patient care without having to worry about complex and time-consuming billing operations. This factor is anticipated to bode well for the market growth. Innovative software with features such as reporting, documentation, and analytics are improving the transparency of the claims process, making it faster and more efficient. For instance, in November 2018, Ohio City appointed an EMS billing and collection company - Digitech to increase its collection that comes from Medicare and Medicaid payments. Digitech estimated to increase the collection by USD 500,000 by deploying its billing software for each transport. Further key findings from the study suggest: • EMS billing software is increasing the claim collection rate for EMS providers by effectively managing EMS data, reducing error, and improving the process of data verification and validation • In 2018, outsourced segment held the largest U.S. EMS billing software market share owing to the availability of multiple EMS billing software that can be integrated with electronic patient care record (ePCR) and other operations of EMS for reducing the claim rejection rate • Rising demand for land ambulances from the Medicare-insured population.is anticipated to drive growth of land ambulance services. Air ambulance services is expected to register the fastest CAGR during the forecast period • Strategic partnerships among key market players for developing advanced EMS billing software compatible with the changing regulatory scenario is anticipated to boost the market • Some of the key contributors in the U.S. emergency medical services billing software market are Zoll Medical Corporation; ImagineSoftware; Change Healthcare; Digitech Computer, Inc.; R1 RCM, Inc.; ESO; and MP Cloud Technologies. and AIM (RAM Software Systems, Inc.)
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.1.1 Estimates And Forecast Timeline 1.2 Research Methodology 1.3 Information Procurement 1.3.1 Purchased Database 1.3.2 Gvr's Internal Database 1.3.3 Secondary Sources 1.3.4 Primary Research 1.3.5 Details Of Primary Research 1.4 Information Or Data Analysis 1.4.1 Data Analysis Models 1.5 Market Formulation & Validation 1.6 Model Details 1.6.1 Commodity Flow Analysis 1.6.2 Volume Price Analysis 1.7 List Of Secondary Sources 1.8 List Of Abbreviations 1.9 Objectives 1.9.1 Objective 1 1.9.2 Objective 2 Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segment Outlook 2.2.1 Component 2.2.2 Type 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 3.2 Market Segmentation 3.3 Market Dynamics 3.3.1 Market Driver Analysis 220.127.116.11 Outsourced Billing Services Maximize Revenue 18.104.22.168 Technology Driven Solutions Improve Efficiency 22.214.171.124 Enhanced Accuracy Of EMS Billing Records 126.96.36.199 Improved Error & Data Validation With Reduced Processing Time 188.8.131.52 Growing Collaboration With Healthcare Technology Companies 3.3.2 Market Restraint Analysis 184.108.40.206 Cybersecurity Threat For EMS Billing Software 220.127.116.11 Biased Outcomes From Inhouse Billing 3.4 Penetration & Growth Prospect Mapping 3.4.1 Penetration & Growth Prospect Mapping Analysis 3.5 Business Environment Analysis Tools 3.5.1 Porter's Five Forces Analysis 3.5.2 Pestel Analysis 3.5.3 Major Deals & Strategic Alliances Analysis Chapter 4 U.S. Emergency Medical Services (EMS) Billing Software Market: Component Analysis 4.1 U.S. Emergency Medical Services (EMS) Billing Software Component Market Share Analysis, 2018 & 2026 4.2 U.S. Emergency Medical Services (EMS) Billing Software Component Market: Segment Dashboard 4.3 Market Size & Forecasts And Trend Analyses, 2015 To 2026 For The Component Segment 4.3.1 In - House 18.104.22.168 In - House Market, 2015 - 2026 (USD Million) 4.3.2 Outsourced 22.214.171.124 Outsourced Market, 2015 - 2026 (USD Million) Chapter 5 U.S. Emergency Medical Services (EMS) Billing Software Market: Type Analysis 5.1 U.S. Emergency Medical Services (EMS) Billing Software Type Market Share Analysis, 2018 & 2026 5.2 Reimbursement Scenario 5.3 U.S. Emergency Medical Services (EMS) Billing Software Type Market: Segment Dashboard 5.4 Market Size & Forecasts And Trend Analyses, 2015 To 2026 For The Type Segment 5.4.1 Land Ambulance Services 126.96.36.199 Land Ambulance Services Market, 2015 - 2026 (USD Million) 5.4.2 Air Ambulance Services 188.8.131.52 Air Ambulance Services Market, 2015 - 2026 (USD Million) 5.4.3 Water Ambulance Services 184.108.40.206 Water Ambulance Services Market, 2015 - 2026 (USD Million) Chapter 6 Competitive Analysis 6.1 Strategic Framework/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players 6.2 Vendor Landscape 6.2.1 Company Market Position Analysis (Geographic Presence, Service Portfolio, Strategic Initiatives) 6.3 Company Profiles 6.3.1 MEDAPOINT (MP CLOUD TECHNOLOGIES) 220.127.116.11 Company overview 18.104.22.168 Financial performance 22.214.171.124 Product/service benchmarking 126.96.36.199 Strategic initiatives 6.3.2 ESO 188.8.131.52 Company overview 184.108.40.206 Financial performance 220.127.116.11 Product/service benchmarking 18.104.22.168 Strategic initiatives 6.3.3 AMBUBILL 22.214.171.124 Company overview 126.96.36.199 Product/service benchmarking 6.3.4 AIM 188.8.131.52 Company overview 184.108.40.206 Financial performance 220.127.116.11 Product/service benchmarking 18.104.22.168 Strategic initiatives 6.3.5 IMAGINESOFTWARE, TECHNOLOGY PARTNERS, LLC. 22.214.171.124 Company overview 126.96.36.199 Product/service benchmarking 188.8.131.52 Strategic initiatives 6.3.6 CHANGE HEALTHCARE 184.108.40.206 Company overview 220.127.116.11 Financial performance 18.104.22.168 Product/service benchmarking 22.214.171.124 Strategic initiatives 6.3.7 ISALUS HEALTHCARE 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product/service benchmarking 6.3.8 EMS1 220.127.116.11 Company overview 18.104.22.168 Financial performance 22.214.171.124 Product/service benchmarking 6.3.9 ITECH WORKSHOP PVT LTD 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product/service benchmarking 220.127.116.11 Strategic initiatives 6.3.10 KAREO, INC. 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product/service benchmarking 188.8.131.52 Strategic initiatives 6.3.11 ADVANCEDMD, INC. 184.108.40.206 Company overview 220.127.116.11 Financial performance 18.104.22.168 Product/service benchmarking 22.214.171.124 Strategic initiatives 6.3.12 DIGITECH COMPUTER, INC. 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product/service benchmarking 220.127.116.11 Strategic initiatives 6.3.13 INTERMEDIX 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product/service benchmarking 188.8.131.52 Strategic initiatives 184.108.40.206 SWOT analysis 6.3.14 WITTMAN ENTERPRISES, LLC. 220.127.116.11 Company overview 18.104.22.168 Financial performance 22.214.171.124 Product/service benchmarking 6.3.15 TRAUMASOFT 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product/service benchmarking 220.127.116.11 Strategic initiatives 6.3.16 ZOLL MEDICAL CORPORATION 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product/service benchmarking 188.8.131.52 Strategic initiatives
List of Tables TABLE 1 List of secondary sources TABLE 2 List of abbreviation TABLE 3 HCPCS codes for ambulance TABLE 4 U.S. Emergency Medical Services (EMS) billing software market, by component, 2015 - 2026 (USD Million) TABLE 5 U.S. Emergency Medical Services (EMS) billing software market, by type, 2015 - 2026 (USD Million)
List of Figures FIG. 1 Market research process FIG. 2 Data triangulation techniques FIG. 3 Primary research pattern FIG. 4 Market research approaches FIG. 5 Value-chain-based sizing & forecasting FIG. 6 QFD modeling for market share assessment FIG. 7 Market formulation & validation FIG. 8 Emergency Triage, Treat, and Transport (ET3) model FIG. 9 Market outlook FIG. 10 U.S. Emergency Medical Services (EMS) billing software market segmentation FIG. 11 Market trends & outlook FIG. 12 Market driver relevance analysis (Current & future impact) FIG. 13 Market restraint relevance analysis (Current & future impact) FIG. 14 Penetration & growth prospect mapping FIG. 15 PORTER'S five forces analysis FIG. 16 PESTLE analysis FIG. 17 U.S. Emergency Medical Services (EMS) billing software component market: Segment dashboard FIG. 18 In-house market, 2015 - 2026 (USD Million) FIG. 19 Outsourced market, 2015 - 2026 (USD Million) FIG. 20 U.S. Emergency Medical Services (EMS) billing software type market share analysis, 2018 & 2026 FIG. 21 U.S. Emergency Medical Services (EMS) billing software type market: Segment dashboard FIG. 22 Land ambulance services market, 2015 - 2026 (USD Million) FIG. 23 Air ambulance services market, 2015 - 2026 (USD Million) FIG. 24 Water ambulance services market, 2015 - 2026 (USD Million) FIG. 25 Strategy framework / Competition categorization FIG. 26 Company market position analysis (service portfolio, strategic initiatives, geographic presence)
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