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Billing Services in the US Procurement Price, Data and Insights
This report is intended to assist buyers of billing services. Suppliers collect invoice information from buyers and generate bills on their behalf. Additionally, vendors collect bill payments from the buyer's clients and pursue the payment of denied or delinquent bills. The collected payments are then remitted back to the buyer. The majority of billing services are for medical services.
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What’s included in this market coverage
IBISWorld's research coverage on the Billing Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Billing Services market in the United States includes Basic Billing Services, Full-Service Billing, Low Volume Billing and High Volume Billing. Standard coding in this coverage includes ISIC-692-Accounting, bookkeeping and auditing activities; tax consultancy, NACE-69.20-Accounting, Bookkeeping And Auditing Activities; Tax Consultancy, NAICS-541219-Other Accounting Services and UNSPSC-84111506-Billing services.
What common market terminology is included?
Common market terminology included in the Billing Services procurement coverage includes Billings (Aggregate of all bills (invoices) generated in a given period.), Delinquent Payment (A bill that has not been paid by the allotted deadline.) and Health Insurance Portability & Accountability Act (HIPAA) (A law that outlines the privacy requirements for patient information.).
What companies are included as top suppliers?
The top companies covered in the Billing Services procurement report as suppliers are MB Medical Billing Services Inc., Billing Services Group Ltd, Newtek Business Services Corp., Multifamily Ancillary Group and Revspring, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Billing Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) of collected bill amount for medical billing, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Billing Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Billing Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Billing Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Billing Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Billing Services?
The 2026 benchmark market price for Billing Services is 8.5 of collected bill amount for medical billing. Prices have increased at a CAGR of 2.73 from 2023-26.
Who are the top vendors in the Billing Services market?
The top vendors in the Billing Services market include MB Medical Billing Services Inc., Billing Services Group Ltd, Newtek Business Services Corp., Multifamily Ancillary Group and Revspring, Inc..
What industries supply the Billing Services market?
The top industries supplying the Billing Services market are Accounting Services in the US, Commercial Real Estate in the US, Computer & Packaged Software Wholesaling in the US, Business Analytics & Enterprise Software Publishing in the US, Computer Manufacturing in the US, IT Consulting in the US and Operating Systems & Productivity Software Publishing in the US.
What is the supply chain risk for Billing Services?
Low market share concentration enhances buyer leverage through competitive sourcing. With market share spread across numerous providers, buyers face a fragmented supplier base rather than a few dominant players. This competitive environment enables buyers to encourage aggressive bidding, compare diverse offerings, and regularly benchmark contracts. By capitalizing on supplier competition, buyers can drive down costs, negotiate favorable service-level agreements, and maintain flexibility in vendor selection. Running structured RFPs and fostering multi-vendor relationships can further maximize negotiation leverage.
What factors affect the price of Billing Services?
Complexity of service in billing services is determined by factors such as the range of services offered, the level of customization required, and the regulatory environment. For instance, billing for specialized medical procedures may demand more intricate coding and compliance with specific regulations, resulting in higher costs compared to standardized billing for routine services. Pricing is often measured by the number of service components involved, the expertise required, and the volume of transactions processed.
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