The healthcare industry continues to be a hotbed of innovation, with activity driven by telemedicine, real-time diagnostics, smart hospitals and access to digital therapies, and the growing importance of technologies such as artificial intelligence (AI), the internet of things (IoT), augmented reality (AR), robotics and data management practices. In the last three years alone, there have been over 106,000 patents filed and granted in the healthcare industry, according to GlobalData’s report on Personal Health Data in Healthcare: Automated healthcare billing and payment system.

According to GlobalData’s Technology Foresights, which uses over 443,000 patents to analyse innovation intensity for the healthcare industry, there are 200+ innovation areas that will shape the future of the industry.

Automated healthcare billing and payment system is a key innovation area in personal health data

An automated billing system prepares invoices and sends them to the stakeholders. It it also used to track payments and handle transactions. Hospitals with a sizable and varied client base, a broad range of offered goods and services, and subscription or retainer pricing structures should find the solution to be extremely useful.

GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies.  According to GlobalData, there are 30+ companies, spanning technology vendors, established healthcare companies, and up-and-coming start-ups engaged in the development and application of automated healthcare billing and payment system.

Key players in automated healthcare billing and payment system – a disruptive innovation in the healthcare industry

‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.

‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.

Patent volumes related to automated healthcare billing and payment system

Company Total patents (2010 - 2021) Premium intelligence on the world's largest companies
FedEx 85 Unlock company profile
Nintendo 65 Unlock company profile
AT&T 59 Unlock company profile
Enlitic 58 Unlock company profile
RxSafe 33 Unlock company profile
PerceptiMed 23 Unlock company profile
Alphabet 23 Unlock company profile
Koninklijke Philips 21 Unlock company profile
Community Health Systems 17 Unlock company profile
Yuyama 13 Unlock company profile
iVinci Partners 12 Unlock company profile
Medtronic 12 Unlock company profile
Healthy io 11 Unlock company profile
Samsung Group 10 Unlock company profile
Becton Dickinson and Co 9 Unlock company profile
Color Seven 9 Unlock company profile
LG 9 Unlock company profile
International Business Machines 8 Unlock company profile
Fresenius & Co 7 Unlock company profile
DeRoyal Industries 7 Unlock company profile
Life365 7 Unlock company profile
Ping An Insurance (Group) Company of China 6 Unlock company profile
Tencent Holdings 6 Unlock company profile
Inmar 6 Unlock company profile
Alegeus Technologies 5 Unlock company profile
ElectroCore 5 Unlock company profile
Comcast 5 Unlock company profile
Oracle 5 Unlock company profile
YourBio Health 5 Unlock company profile
QuiO Technologies 5 Unlock company profile
UnitedHealth Group 5 Unlock company profile
PokitDok 5 Unlock company profile
PLUNKETTS PEST CONTROL 5 Unlock company profile

Source: GlobalData Patent Analytics

FedEx is one of the leading patent filers in the market for automated healthcare billing and payment systems. Some other key patent filers in the field include Nintendo and AT&T.

In terms of application diversity, LG leads the pack, followed by YourBio Health and Enlitic. By means of geographic reach, PerceptiMed held the top position, followed by PokitDok and Yuyama in second and third spots, respectively.

Healthcare providers use automated healthcare billing and payment systems to simplify operations. Additionally, there is a decrease in human error and faster data retrieval which improves revenue and decreases time spent interacting with the billing system. The automated systems for billing and payment systems market are expected to have a positive growth prospective as more healthcare institutions integrate them into their practice.

To further understand the key themes and technologies disrupting the healthcare industry, access GlobalData’s latest thematic research report on Personal Health Data.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.