PUBLISHER: Grand View Research | PRODUCT CODE: 1552586
PUBLISHER: Grand View Research | PRODUCT CODE: 1552586
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.