Healthcare Revenues Cycle Management Market Estimated to High Growth in 2027 with key players: Cerner, Quest Diagnostics, Athenahealth, Mckesson, Allscript Healthcare Solutions, GE Healthcare, Conifer Health Solutions, LLC
RCM stands for the revenue cycle management, which is financial process that utilizes the medical billing software. The billing software assists in tracking the patient care episodes right from the registration to the final bill payment. According to the Healthcare Financial Management Association revenue cycle consists of the all the administrative and clinical utilities that contribute to the capture, management and collection of patient service revenue.
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The healthcare RCM market is expected to witness significant growth due to the driving factors such as, rise in the increasing the development in the information technology, development in the healthcare facilities and services. The market is likely to create the opportunities to organize and manage the data for the healthcare in the coming years.
Top Companies profiled in Healthcare Revenues Cycle Management Market:
2. Quest Diagnostics
5. Allscript Healthcare Solutions
6. GE Healthcare
7. Conifer Health Solutions, LLC
8. Gebbs Healthcare Solutions
9. Epic Systems
North America accounted for the largest market share of healthcare RCM market due to the faster advancement in the information technology, developed healthcare industry and others. The European market is also likely to owe a good market share in the healthcare RCM market. Asia Pacific is anticipated grow at the fastest pace in the forecasted period.
The global healthcare RCM market is segmented on the basis of product, function, deployment, and end-user. On the basis of the product the segment is classified as integrated and standalone. On the basis of function the market is classified as claims & denial management, electronic health record (EHR), patient insurance eligibility verification, clinical documentation improvement, medical coding & billing and others. On the basis of deployment the market is segmented as web based, on premises & cloud based. And on the basis of the end user the segment is classified as physicians, hospitals, laboratories and others.
The healthcare RCM market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare RCM market based on product, function, deployment, end-user. It also provides market size and forecast till 2027 for overall healthcare RCM market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The healthcare RCM market report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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