Revenue Cycle Management Market by Type (Standalone, Integrated), Component Type (Software, Services), Deployment (Cloud, On-premise), End-user (Hospitals, Physicians, Diagnostic & ambulatory care centers) - Global Opportunity Analysis and Industry Foreca

Revenue Cycle Management Market Report, published by Allied Market Research, projects that the revenue cycle management market was valued at $35,419 million in 2016, and is projected to reach at $85,008 million by 2023, growing at a CAGR of 13.7% from 2017 to 2023. Integrated revenue cycle management represents the most attractive market segment that is expected to create lucrative opportunities for industry players.

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Revenue cycle management (RCM) incorporates a comprehensive range of practices, tools, solutions, and techniques interrelated closely to information and operational healthcare services. This method uses preventive & responsive methods to deliver improved healthcare services while optimizing profits for healthcare facilities. Moreover, the process of RCM enable healthcare facilities to optimize revenues through claims processing that incorporates patients, healthcare providers, billing companies, and insurance payers.

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The integrated RCM segment dominated in 2016, with around 62% revenue share of the global market. This is attributed to the improved healthcare infrastructure, increased healthcare-related expenditures to cater to the untapped markets among the developing nations, challenges faced during accounts receivable (AR) management & claims processing, and rise in need to reduce cycle time.

Key Players Profiled in the Report
• Cerner Corporation
• Eclinicalworks, LLC
• Epic Systems Corporation
• Gebbs Healthcare Solutions
• GE Healthcare
• Experian PLC
• Mckesson Corporation
• Quest Diagnostics Incorporated
• Athenahealth, Inc.
• Allscripts Healthcare Solutions, Inc.

There is an increase in the adoption of revenue cycle management (RCM) solutions among hospitals, physicians, and diagnostic & ambulatory care centers. Rise in demand for application-specific RCM solutions and increase in market for outsourced RCM solutions contribute to the RCM market growth. However, high costs associated with RCM deployment and lack of trained professionals limit the RCM market growth.

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LIST OF TABLES:
TABLE 1. REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 2. GLOBAL REVENUE CYCLE MANAGEMENTS MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 3. STANDALONE REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. INTEGRATED REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL REVENUE CYCLE MANAGEMENTS MARKET REVENUE, BY COMPONENT TYPE, 2016-2023 ($MILLION)
TABLE 6. SOFTWARE MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 7. SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. GLOBAL REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY DEPLOYMENT, 2016-2023 ($MILLION)
TABLE 9. CLOUD BASED REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 10. ON-PREMISE REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 11. GLOBAL REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 12. REVENUE CYCLE MANAGEMENT MARKET REVENUE FOR HOSPITAL, BY REGION, 2016-2023 ($MILLION)
TABLE 13. REVENUE CYCLE MANAGEMENT MARKET REVENUE FOR PHYSICIAN, BY REGION, 2016-2023 ($MILLION)
TABLE 14. REVENUE CYCLE MANAGEMENT MARKET REVENUE FOR DIAGNOSTIC AND AMBULATORY CARE CENTERS, BY REGION, 2016-2023 ($MILLION)
TABLE 15. GLOBAL REVENUE CYCLE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
Key players in the RCM market are involved in the introduction of new features and capabilities to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. In this regard, GeBBS Healthcare Solutions, Inc., an outsourced RCM service provider, opened a global delivery center in Aurangabad, India in 2017 to provide comprehensive RCM services.

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