NAICS Code 541910-11 - Bill Reviewing Service

Marketing Level - NAICS 8-Digit

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  • Business Phone Number
  • Industry Codes (Primary and Secondary SIC & NAICS Codes)
  • Sales Volume
  • Employee Count
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NAICS Code 541910-11 Description (8-Digit)

A Bill Reviewing Service is a type of industry that specializes in reviewing and analyzing bills, invoices, and other financial documents for accuracy and compliance. This industry is often utilized by businesses and organizations that want to ensure that they are not overcharged or undercharged for goods and services. Bill Reviewing Services may also provide recommendations for cost-saving measures and negotiate with vendors on behalf of their clients.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541910 page

Tools

Tools commonly used in the Bill Reviewing Service industry for day-to-day tasks and operations.

  • Optical Character Recognition (OCR) software
  • Data extraction software
  • Spreadsheet software
  • Accounting software
  • Document management software
  • Contract management software
  • Compliance tracking software
  • Vendor management software
  • Business intelligence software
  • Electronic payment processing software

Industry Examples of Bill Reviewing Service

Common products and services typical of NAICS Code 541910-11, illustrating the main business activities and contributions to the market.

  • Medical billing review
  • Telecom expense management
  • Utility bill auditing
  • Freight bill auditing
  • Workers' compensation bill review
  • Property tax bill review
  • Legal bill review
  • Insurance premium audit
  • Accounts payable audit
  • Expense report auditing

History

A concise historical narrative of NAICS Code 541910-11 covering global milestones and recent developments within the United States.

  • The Bill Reviewing Service industry has been around for several decades, with the first companies offering these services appearing in the 1970s. These early companies focused on reviewing medical bills for errors and overcharges, and their services were primarily used by insurance companies. In the 1990s, the industry expanded to include other types of bills, such as utility bills and telecommunications bills. The rise of the internet in the early 2000s allowed for the development of new technologies that made bill reviewing more efficient and accurate. In recent years, the industry has continued to grow as more companies and individuals seek to reduce their expenses by ensuring that they are not overpaying for goods and services. In the United States, the Bill Reviewing Service industry has seen significant growth in recent years. This growth can be attributed to several factors, including the increasing complexity of bills and the rise of subscription-based services. As more companies move to subscription-based models, consumers are finding it increasingly difficult to keep track of their bills and ensure that they are not being overcharged. Bill reviewing services have become an essential tool for many individuals and businesses, helping them to save money and reduce their expenses. The industry has also benefited from advances in technology, which have made it easier and more efficient to review bills and identify errors and overcharges.