Revenue Cycle Management Market Size, Share, Analysis Report

Revenue Cycle Management Market By Product Analysis (Software, Services); By Type Analysis (Integrated, Standalone); By Delivery mode Analysis (On-Premise, Web-based, Cloud-based); By End User Analysis (Physician office, Diagnostic Laboratories, Hospitals) and By Regional Analysis – Global Forecast by

The Global Revenue Cycle Management Market is expected to be around US$ 78.60 Billion by 2028 at a CAGR of 12.1% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Cerner Corporation
  • eClinicalWorks, Inc
  • McKesson Corporation
  • Allscripts
  • Quest Diagnostics
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    12

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Revenue cycle management is a system, which manages payment and sales generation, and also involves submitting, processing, and follow-up of claims. RCM encompasses the complete process revenue cycle management device for healthcare carriers enables healthcare groups to boost up their sales cycles. This is carried out by lowering the quantity of denied coverage claims, improving the quality of information, speeding explanation of benefits reconciliation, reform denial management, and by automatic systems. The RCM results starts when a patient enters the clinic, beginning with the automation procedure that ends in rapid follow ups, which subsequently enables patient and payer comply follow-up.

    How Big is The Global Revenue Cycle Management Market?

    The Global Revenue Cycle Management Market is expected to be around US$ 78.60 Billion by 2028 at a CAGR of 12.1% in the given forecast period.

    The major driving factors of Global Revenue Cycle Management Market are as follows:

    • Improved investments made by personal players
    • Speeding Explanation Of Benefits (EOB) resolution
    • Improved superiority of information
    • Automation of processes
    • Growth in demand for cloud-based RCM solutions
    • Streamlined refutation management

    The restraining factors of Global Revenue Cycle Management Market are as follows:

    • Developing economies are having loop holes in infrastructure
    • High rate of deployment
    • Security of data
    • Incorporation of RCM Solutions Within Healthcare Organizations
    • Lack of IT professionals

    The Global Revenue Cycle Management Market is segmented on the lines of its product, type, delivery mode, end user and regional. Based on product segmentation it covers software and service. Under type segmentation it covers integrated and standalone type. Based on delivery mode segmentation it covers on premise, web based and cloud based. Under end user segmentation it covers physician office, diagnostic laboratories, hospitals and others. The Global Revenue Cycle Management Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:

    1) An overview of the global market for Revenue Cycle Management and related technologies.

    2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.

    3) Identifications of new market opportunities and targeted promotional plans for Global Revenue Cycle Management Market.

    4) Discussion of research and development, and the demand for new products and new applications.

    5) Comprehensive company profiles of major players in the industry.

    REPORT SCOPE:

    The scope of the report includes a detailed study of global and regional markets for Global Revenue Cycle Management Market with the reasons given for variations in the growth of the industry in certain regions.
     
    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Cerner Corporation (U.S.), McKesson Corporation (U.S.), Allscripts (U.S.), eClinicalWorks, Inc. (U.S.), Quest Diagnostics (U.S.), The SSI Groups, Inc. (U.S.), Kareo Inc. (U.S.) and GE Healthcare (U.K.). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
     
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Global Revenue Cycle Management Market has been segmented as below:

    By Product Analysis

    • Software
    • Services

    By Type Analysis

    • Integrated
    • Standalone

    By Delivery mode Analysis

    • On-Premise
    • Web-based
    • Cloud-based

    By End User Analysis

    • Physician office
    • Diagnostic Laboratories
    • Hospitals
    • Others

    By Regional Analysis

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

    Reasons to Buy this Report:
     
    1) Obtain the most up to date information available on all GlobalRevenue Cycle Management Market.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of GlobalRevenue Cycle Management Marketdata.
    4) Assess your competitor’s refining portfolio and its evolution.

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    1.    Introduction

    1.1.    Key Take Aways
    1.2.    Report Description
    1.3.    Markets Covered
    1.4.    Stakeholders

    2.    Research Methodology

    2.1.    Research Scope
    2.2.    Research Methodology
    2.2.1.    Market Research Process
    2.2.2.    Research Methodology
    2.2.2.1.    Secondary Research
    2.2.2.2.    Primary Research
    2.2.2.3.    Models for Estimation
    2.3.    Market Size Estimation
    2.3.1.    Bottom-Up Approach
    2.3.2.    Top-Down Approach

    3.    Executive Summary

    4.    Market Overview

    4.1.    Introduction
    4.2.    Drivers
    4.3.    Restraints

    5.    Revenue Cycle Management Market, By Product Type 

    5.1.    Key Points
    5.2.    Software
    5.3.    Services

    6.    Revenue Cycle Management Market, By Delivery Mode 

    6.1.    Key Points
    6.2.    Web-based
    6.3.    Cloud based
    6.4.    On-premise

    7.    Revenue Cycle Management Market, By Type

    7.1.    Key Points
    7.2.    Integrated 
    7.3.    Standalone 

    8.    Revenue Cycle Management Market, By End User

    8.1.    Key Points
    8.2.    Physician Offices
    8.3.    Hospitals
    8.4.    Diagnostic Laboratories
    8.5.    Others

    9.    Revenue Cycle Management Market, By Region

    9.1.     Key Points
    9.2.    North America
    9.2.1.    U.S
    9.2.2.    Canada
    9.3.    Europe
    9.3.1.    Germany
    9.3.2.    U.K
    9.3.3.    France
    9.3.4.    Italy
    9.3.5.    Spain
    9.3.6.    Netherlands
    9.3.7.    Belgium
    9.3.8.    Rest of Europe
    9.4.    Asia Pacific
    9.4.1.    China
    9.4.2.    India
    9.4.3.    Japan
    9.4.4.    Australia
    9.4.5.    Rest of Asia Pacific
    9.5.    Rest of World
    9.6.    Competitive Landscape
    9.7.    Introduction
    9.8.    Recent Developments
    9.8.1.    Mergers & Acquisitions
    9.8.2.    New Product Developments
    9.8.3.    Portfolio/Production Capacity Expansions
    9.8.4.    Joint Ventures, Collaborations, Partnerships & Agreements
    9.8.5.    Others

    10.    Company Profile

    10.1.    The SSI Group, Inc.
    10.1.1.    Company Overview
    10.1.2.    Product/Service Landscape
    10.1.3.    Financial Overview
    10.1.4.    Recent Developments
    10.2.    Quest Diagnostics, Inc. 
    10.2.1.    Company Overview
    10.2.2.    Product/Service Landscape
    10.2.3.    Financial Overview
    10.2.4.    Recent Developments
    10.3.    Care Cloud
    10.3.1.    Company Overview
    10.3.2.    Product/Service Landscape
    10.3.3.    Financial Overview
    10.3.4.    Recent Developments
    10.4.    NextGen Healthcare Information System LLC
    10.4.1.    Company Overview
    10.4.2.    Product/Service Landscape
    10.4.3.    Financial Overview
    10.4.4.    Recent Developments
    10.5.    eClinicalWorks LLC
    10.5.1.    Company Overview
    10.5.2.    Product/Service Landscape
    10.5.3.    Financial Overview
    10.5.4.    Recent Developments
    10.6.    EPIC Systems
    10.6.1.    Company Overview
    10.6.2.    Product/Service Landscape
    10.6.3.    Financial Overview
    10.6.4.    Recent Developments
    10.7.    AthenaHealth, Inc. 
    10.7.1.    Company Overview
    10.7.2.    Product/Service Landscape
    10.7.3.    Financial Overview
    10.7.4.    Recent Developments
    10.8.    McKesson Corporation
    10.8.1.    Company Overview
    10.8.2.    Product/Service Landscape
    10.8.3.    Financial Overview
    10.8.4.    Recent Developments
    10.9.    Cerner Corporation
    10.9.1.    Company Overview
    10.9.2.    Product/Service Landscape
    10.9.3.    Financial Overview
    10.9.4.    Recent Developments
    10.10.    Allscripts Healthcare Solutions, Inc.
    10.10.1.    Company Overview
    10.10.2.    Product/Service Landscape
    10.10.3.    Financial Overview
    10.10.4.    Recent Developments
    10.11.    R1 RCM
    10.11.1.    Company Overview
    10.11.2.    Product/Service Landscape
    10.11.3.    Financial Overview
    10.11.4.    Recent Developments
    10.12.    Constellation Software
    10.12.1.    Company Overview
    10.12.2.    Product/Service Landscape
    10.12.3.    Financial Overview
    10.12.4.    Recent Developments
    10.13.    The SSI Group
    10.13.1.    Company Overview
    10.13.2.    Product/Service Landscape
    10.13.3.    Financial Overview
    10.13.4.    Recent Developments
    10.14.    Nthrive
    10.14.1.    Company Overview
    10.14.2.    Product/Service Landscape
    10.14.3.    Financial Overview
    10.14.4.    Recent Developments

    The Global Revenue Cycle Management Market has been segmented as below:

    By Product Analysis

    • Software
    • Services

    By Type Analysis

    • Integrated
    • Standalone

    By Delivery mode Analysis

    • On-Premise
    • Web-based
    • Cloud-based

    By End User Analysis

    • Physician office
    • Diagnostic Laboratories
    • Hospitals
    • Others

    By Regional Analysis

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

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    The market is expected to grow at a CAGR of 12.1% during the study period (2023-2028)
    The Global Revenue Cycle Management Market is expected to be around US$ 78.60 Billion by 2028
    The segment included in the Revenue Cycle Management Market is Product, Type, Delivery mode, End User and region.
    Some key players operating in the Revenue Cycle Management Market include Cerner Corporation (U.S.), McKesson Corporation (U.S.), Allscripts (U.S.), eClinicalWorks, Inc. (U.S.), Quest Diagnostics (U.S.), The SSI Groups, Inc. (U.S.), Kareo Inc. (U.S.) and GE Healthcare
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