Revenue cycle management is the procedure of managing claims process, payment and revenue generation. Revenue cycle management expands access management, improving payer performance and accelerating cash collection. It also offers real time access to claim management and agrees companies and hospitals to manage their work in proper channel during registration, scheduling and payment and claim processing. Revenue cycle management supports a medical practice to growth their revenue by proper claim management. There are four key player complicated in the revenue cycle management of healthcare system patients, healthcare providers, billing company and insurance provider. Hospital revenue cycle management contains all clinical and managerial functions related to the management, collection of patient care revenue, and generation. In Revenue cycle management, the claims are being processed faster, there is a prompt denial management and the resolution rate of claims processing is around 99%. This agrees the clients to experience increased cash flow and decreased claims in accounts receivable.  Revenue cycle management solutions allows to monitor key business segment at any point of time, identify areas for enhancement and growing the revenue of the hospital/organization. Increase revenue generation, increased efficiency, accuracy and access of healthcare IT systems are the factors likely to drive the market in the forecast period. With the growing administrative and operational costs of the healthcare organizations, managements need to find cost-effective alternatives in order to sustain in the market. Revenue cycle management offers viable solutions by replacing the traditional paper-based systems to optimize cost.

Global Revenue Cycle Management market is segmented based on the Function as, Claim & Denial, Medical Coding, Insurance Verification. On the basis of Deployment as, the global Revenue Cycle Management market is segregated as Web based, on premise, Cloud based. On the basis of Product as Integrated Solutions, Standalone.

Global Revenue Cycle Management market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Revenue Cycle Management market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Revenue Cycle Management market manufacturers. The revenue generated from the sales of Revenue Cycle Management manufacturer has been calculated through primary and secondary research.

The market size estimation also considered leading players revenues as part of triangulation the key players considered are 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. Availability Services among others operating in the Revenue Cycle Management market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.

The Revenue Cycle Management Market has been segmented as below:

Revenue Cycle Management Market, By Function

• Clinical Documentation Improvement
• Insurance
• Other Functions
• Claims and Denial Management
• Medical Coding and Billing
• Electronic Health Record

Revenue Cycle Management Market, By End User

• Laboratories
• Hospitals
• Other End Users

Revenue Cycle Management Market, By Deployment

• On-premise
• Web-based and Cloud-based

Revenue Cycle Management Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of World

Report scope:

The global Revenue Cycle Management market report covers detailed study with the underlying influencing factors for the variations in the End User growth trends. The report scope includes market analysis on regional as well as country level.

Reasons to Buy this Report:

• Gain comprehensive insights on the End User trends
• Identify End User opportunities and key growth segments
• Obtain complete market study on the Revenue Cycle Management market

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