|11-06-2018 09:17 AM CET - IT, New Media & Software||
Europe Revenue Cycle Management (RCM) Market Analysis By 2025: With Prime Players Like Kareo, Cerner Corporation, GE Healthcare, Epic, Quest Diagnostics, athenahealth, Siemens Healthineers, McKesson, CareCloud, eClinicalWorks, The SSI Group, LLC
Press release from: Data Bridge Market Research
Revenue cycle management (RCM) is used by healthcare providers to scale and manage the process of healthcare billing and reimbursements. This is achieved by improving the process of claims management, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and by automating processes. The RCM solution manages the patient’s bills from entering the hospital to reimbursement of claims.
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Europe revenue cycle management market accounted to USD XX.XX billion in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025. Europe revenue cycle management market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. The Key Players in the Europe Revenue Cycle Management Market are:-
1. McKesson Corporation
2. Cerner Corporation
3. Quest Diagnostics
4. Athena Health Inc
6. E Clinical Works,
7. Care Cloud Corporation
8. The SSI Groups Inc.
9. GE Healthcare
10. Epic Systems
11. Siemens Healthcare
12. and Kareo Inc.
Germany is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market.
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The Europe revenue cycle management market is steadily progressing owing to factors, such as decreasing reimbursement in healthcare industry, reduction of overall healthcare costs, initiatives undertaken by governments for implementing RCM solutions, and increasing expenditure by healthcare industry especially made on information technology.
Market Segmentation: Europe Revenue Cycle Management (RCM) Market
· In this report, the Europe revenue cycle management market is segmented on the basis of
1. Product Type
· The revenue cycle management market is segmented with respect to type into
1. Integrated RCM
2. Standalone RCM
· The end-users of this market include
· By product type RCM solutions are segmented into
2. Integrated RCM
The integrated RCM solution are generally used by larger organizations where integration with other healthcare IT products such as
It form a more holistic process for billing and claim settlements. However standalone RCM is best used in smaller hospitals and physician offices where they need to manage only one healthcare application.
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