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Medical Billing & Coding Services – Industry Analysis, Statistics, Trends, and Forecasts

SIC 8721  |  NAICS 541219

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts


Medical Billing Services  (view report)
Medical Claims Processing Services  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Healthcare Business Management Association
RCM Advisor
https://www.hbma.org/

Quarterly trade publication features news and information for healthcare revenue cycle management professionals, with special features including periodic surveys addressing topics such as billing fees, collections, automation, data security and compliance, security risk analysis, business development, and mergers and acquisitions. Nonmembers may access current issue of magazine with registration.


Billing-Coding, Inc.
BC Advantage
https://www.billing-coding.com/

Bimonthly magazine features news and information for medical billing and coding professionals, with topics covered in various issues including coding, billing, compliance, reimbursement, auditing, legal issues, practice management, and career advancement. Full access to the publication is available to subscribers only; selected articles from current and previous digital editions are available free online.


American Academy of Professional Coders
Resources available from this organization include:

Healthcare Business Monthly
https://www.aapc.com/
Monthly trade journal provides news and information for medical coders, billers, and other personnel involved in the healthcare reimbursement process, with topics covered in each issue including billing, coding, auditing, compliance, and practice management. Sample feature article and table of contents from the current issue is available free online; current and past issues are available to members only.

Coding Help
https://www.aapc.com/
"Coding Help" section provides a summary overview of job responsibilities for coding personnel, and also includes information on medical reimbursement, auditing, code sets (e.g., ICD-9, ICD-10, CPT®, HCPCS Level II), and AAPC training courses for coding, billing, auditing, documentation, compliance, and practice management, as well as a detailed glossary of medical terms used for coding purposes.

The Work of A Coder Survey
https://www.aapc.com/
Comprehensive survey provides demographic information regarding work environment, certifications, and employment situation, and includes questions specific to work and working relationships such as percentage of time spent on specific types of work and views on coding effectiveness and processes. Feature article, survey results, survey analysis, white paper, and comments are available free online.


Grand View Research
Medical Billing Outsourcing Market
https://www.grandviewresearch.com/

Comprehensive report provides an in-depth analysis of this sector on a global basis, with information provided in the report including market size and forecasts by component (e.g., in-house, outsourced), service segment (e.g., front-end, middle-end, back-end services), end use (e.g., hospitals, physician offices, other), region (e.g., North America), and for selected countries (e.g., United States, Canada).


BizMiner
Medical Billing & Coding Services Market Analysis
https://www.bizminer.com  Search for "541219"

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.


More Resources
For more industry research reports and other resources, see the following resource guide.

Financial Statements and Financial Ratios


BizMiner
Industry Financial Ratios
Medical Billing & Coding Services
https://www.bizminer.com  Search for "541219"
Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:
Sample reports on a national and metropolitan area level are available free online.

American Medical Billing Association
Benchmarking Report & Worksheets
https://www.ambastore.net/

AMBA benchmarking report provides 12 ratios and several other quick assessments that allow users to analyze where a practice stands financially, and also includes two worksheets that can be used to calculate net cash flow, turn-around time, voluntary adjustments, and other key practice benchmarks. Product is pre-approved for one certified medical reimbursement specialist continuing education unit.



Compensation and Salary Surveys


American Academy of Professional Coders
Healthcare Salary Survey
https://www.aapc.com / salary-calculator

Annual AAPC survey provides average salary data for billing and coding personnel, with survey data filterable on a state level using the online salary calculator by role/responsibility, primary certification, employer type, employer location, level of education, years of experience, work status, hourly/salary, weekly hours, on-site/remote, specialty, and other certification. All information is available free online.


Robert Half International, Inc.
Healthcare Salary Guide
http://www.roberthalffinance.com

Free online salary guide provides starting salary ranges for healthcare administrative personnel, with job titles covered including revenue cycle director, revenue cycle analyst, billing manager/supervisor, medical coding manager, collections manager/supervisor, certified professional coder, medical biller, claims analyst, claims processor, claim denials specialist, collections specialist, and payment poster.



Business Valuation Resources


BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



Related Industries:
Accounting Services
Document Preparation and Transcription Services
Hospitals and Medical Centers
Physicians and Medical Practices

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