In 2019, the global Revenue Cycle Management Solutions market size was million US$ and it is expected to reach million US$ by the end of 2027, with a CAGR of during 2019-2027.
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This report focuses on the global Revenue Cycle Management Solutions status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Revenue Cycle Management Solutions development in United States, Europe and China.
The key players covered in this study
- Cerner
- Mckesson
- Quest Diagnostics
- Allscripts Healthcare Solutions
- Athenahealth
- GE Healthcare
- Eclinicalworks
- Conifer Health Solutions
- EPIC Systems
- Gebbs Healthcare Solutions
- Experian
- R1 RCM
- Constellation Software
- The SSI Group
- Nthrive
Market segment by Type, the product can be split into
- Integrated Solutions
- Standalone solutions
Market segment by Application, split into
- Physicians
- Hospitals
- Laboratories
- Others
Market segment by Regions/Countries, this report covers
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
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The study objectives of this report are:
- To analyze global Revenue Cycle Management Solutions status, future forecast, growth opportunity, key market and key players.
- To present the Revenue Cycle Management Solutions development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Revenue Cycle Management Solutions are as follows:
- History Year: 2014-2019
- Base Year: 2019
- Estimated Year: 2019
- Forecast Year 2020 to 2027
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Revenue Cycle Management Solutions Market Size Growth Rate by Type (2014-2027)
1.4.2 Integrated Solutions
1.4.3 Standalone solutions
1.5 Market by Application
1.5.1 Global Revenue Cycle Management Solutions Market Share by Application (2014-2027)
1.5.2 Physicians
1.5.3 Hospitals
1.5.4 Laboratories
1.5.5 Others
1.6 Study Objectives
1.7 Years Considered
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2 Global Growth Trends
2.1 Revenue Cycle Management Solutions Market Size
2.2 Revenue Cycle Management Solutions Growth Trends by Regions
2.2.1 Revenue Cycle Management Solutions Market Size by Regions (2014-2027)
2.2.2 Revenue Cycle Management Solutions Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
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Revenue cycle management (RCM) in healthcare industry has fast become a buzzword over the past few years.
It automates the whole procedure with initiation of the process by the patient, quick follow ups, determining the eligibility of the patient, collecting their payment, effective tracking of the claims process, and working on rejected claims among others.
The rising need for streamlining the whole process has further boosted the demand for RCM solutions, thereby triggering the growth of the RCM market.What the RCM Market Looks Like?Revenue Cycle Management Market is expected to reach USD 160.08 billion by 2027 from USD 66.81 billion in 2019, at a CAGR of 12.1%.
The integrated solutions segment is expected to account for the largest share of the global revenue cycle management market in 2019 and is projected to register the highest CAGR during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153900104What’s driving the Market?The growth of the global revenue cycle management market is primarily propelled by the following factors:Declining reimbursement scenariosIncreased initiatives and support from the governmentReduced healthcare costsConsolidation of healthcare providersAlthough this market is set to witness a healthy growth ahead, higher costs of RCM solutions and limited number of investments being made in healthcare IT sector are likely to inhibit the growth of this market over the forecast period.On the basis of function, the market is broadly segmented into claim and denial management, medical billing and coding, patient insurance eligibility check, payment remittance, electronic health record (EHR), clinical documentation improvement (CDI), and others.Regional Analysis:-In 2019, North America is expected to account for the largest share of the global revenue cycle management market.
The large share of this regional segment can be attributed to stringent legislative and accreditation requirements regarding healthcare, high adoption rate of HCIT technologies, and regulatory requirements regarding patient safety.
Europe is expected to account for the second-largest share of the revenue cycle management market.Read more: - https://www.marketsandmarkets.com/PressReleases/revenue-cycle-management.aspTop Key Players:- The key players in the global revenue cycle management market are McKesson (US), Cerner (US), Quest Diagnostics (US), Allscripts Health Solutions (US), and athenahealth (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
