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The Billing Services procurement report contains data and analysis of current and future trends when buying goods and services. ProcurementIQ’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Billing Services Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Billing Services - Recent Price Trend

The price of billing services has increased an estimated 0.8 percentage points in the three years to 2018. Growth in prices has been spurred by a surge in demand for these services. Still, the magnitude of growth in the price of billing services has not been substantial due to strong competition among suppliers.As interest rates have remained low, new businesses have been able to borrow capital.

Billing Services - Total Cost of Ownership

The total cost of ownership for billing services is low, and as such, buyers can expect to pay less than 50.0% of the benchmark price per year for additional fees. Most suppliers of billing services charge no additional fees beyond the percentage of billings collected. This percentage-based pricing model is used specifically so that billing services providers are incentivized to collect as much.

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About this Report

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. This report does not include medical coding, debt collection services or invoice factoring.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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