New Survey Shows Increasing Growth and Optimism in $3.4B Billing Services Industry; Consolidation, Regulatory Changes, and Competition Loom as Greatest Industry Concerns
IRVINE, Calif., January 16, 2019 – Kareo, the leading provider of cloud-based software and support for medical billing companies and independent healthcare practices, recently conducted a nationwide survey of medical billing companies in order to identify key trends and sentiments around the medical billing industry, healthcare and billing technology, and business opportunities and risks. Survey respondents represented billing companies of all sizes nationwide, and Kareo is preparing to publish the results in the first-ever medical billing industry benchmark report. Kareo will host a webinar on January 30, 2019 at 1:00 pm ET/10:00 am PT to give billing and healthcare professionals an advanced look at the results of the survey.
The webinar will be led by Rob Pickell, Kareo’s Chief Marketing Officer and a leading visionary in the independent healthcare practice arena. Attendees will hear Pickell discuss key topics from Kareo’s Medical Billing Industry Report, including key business drivers and industry trends impacting medical billing companies, pricing models and services, and the role of technology in billing company and practice success, as well as opportunities for growth and pitfalls to avoid. Based upon the survey results, the webinar will also discuss best practices for high-growth billing companies. Following the webinar, a comprehensive report of survey results will be available.
“Medical billing remains one of the top challenges faced by independent medical practices today, and innovative medical billing companies continue to find new ways to help their clients overcome billing challenges, while also addressing broader business and technology needs,” said Pickell. “Kareo undertook this survey to identify and share how billing companies are evolving their businesses to stay ahead in a highly dynamic industry.”
As the leading provider of medical billing software, Kareo serves a majority of the over 2,500 independent medical billing companies throughout the United States. As part of its continued support of independent practices in the U.S., Kareo sponsored the Medical Billing Industry Report to help advance the sustained growth and development of the medical billing industry. In addition to billing software, Kareo is also the leading provider of cloud-based clinical and business software for independent healthcare practices.
To attend the webinar, register at
www.kareo.com/resource/we_10051/webinar-medical-billing-industry-report/. More information on how Kareo serves the needs of billing companies can be found at www.kareo.com/billing-companies.
Kareo is the only cloud-based and complete medical technology platform purpose-built to meet the unique needs of billing companies and the independent practices they serve. Today Kareo helps over 1,600 billing companies and 50,000 providers across all 50 states run a more eﬀicient and profitable business, while setting them up to deliver outstanding patient care. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 5000, and Black Book's #1 Integrated EHR, Practice Management and Medical Billing vendor, as well as ranking at the top of the Leader Quadrant in the FrontRunners Software Analysis of EHR. Kareo's growth further demonstrates the expansion and vitality of the independent practice market in the U.S. With oﬀices across the country, Kareo’s mission is to help independent practices – and the billing companies that support them – succeed in an ever-changing healthcare market. More information can be found at www.kareo.com.