Billing and invoice software is also utilized to file dental claims and increases process efficiency, reducing offline data entry work. This practice management software component offers benefits such as the automatic generation of bill payments and billing records. Billing or invoice software enables easy bill collection and payment.
Therefore, rising venture capital funding and favorable government initiatives will bolster the adoption of practice management software in dental institutions over the forthcoming years.ĭental practice management software market from the invoice/billing component segment is expected to surpass USD 1 billion by 2032. Venture capital firms invested USD 4.6 billion in 574 deals in healthcare IT firms. The sector has also received USD 7 billion in public market and debt funding, including IPOs, bringing the total funding to over USD 20.4 billion. Over the past decade, the healthcare IT industry has acquired close to USD 13.4 billion in venture capital funds across 2,050 deals. Supportive government initiatives, along with a substantial rise in venture capital funding have augmented the deployment of novel dental practice management solutions. The dental practice management software market value is projected to reach USD 6 billion by 2032, according to a new research report by Global Market Insights Inc. Dental practice management software industry is anticipated to register 13% CAGR between 20 due to rising global geriatric population & greater awareness and focus on oral health.
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