Revenue Cycle Management (RCM) Market Trends & Analysis 2024: McKesson, Cerner Corporation, Quest Diagnostics, athenahealth, Allscripts, eClinicalWorks, CareCloud & More

The Exhaustive Study for “Global Revenue Cycle Management (RCM) Market” Research Report is added on databridgemarketresearch.com database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Revenue Cycle Management (RCM) Market report offers a comprehensive valuation of the market. It does so via in-depth comprehensions, appreciative market growth by following past developments, and analyzing the present situation and future forecasts based on progressive and likely states.

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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.

Revenue Cycle Management Market report is a comprehensive study on how the current state is for Healthcare IT market. This report provides a thorough synopsis for the Revenue Cycle Management industry. It includes detailed market definition, classifications, applications and for most important the industry chain structure along with market trends and uses SWOT analysis.

Top Companies:

• McKesson Corporation,
• Cerner Corporation,
• Quest Diagnostics,
• Athena Health, Inc.,
• Allscripts,
• Eclinicalworks LLC,
• CareCloud Corporation,
• The SSI Groups, Inc.,
• GE Healthcare,
• Epic Systems,
• Siemens Healthcare,
• Kareo, Inc., Among Others

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The report gives a deep knowledge about Revenue Cycle Management Market and shows the important product developments and tracks recent acquisitions, merges and research in the Healthcare IT industry. This report provides the forecast for the years 2017 to 2024.

Market Key Drivers:

The North American 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.

“Global Revenue Cycle Management Market” has accounted to USD 51.6 billion in 2016, growing at a CAGR of 12.7% from 2017 to 2024, is expected to reach USD 133.6 billion by 2024.

Competitive Analysis:

In the components sub-category of the RCM market, the services segment dominates the market, and is expected to reach $50.9 billion by 2022. Similarly, in the deployments sub-category of the market, the web-based segment dominates the market, and is expected account a market share of 43.1% of the global RCM market. The physicians segment dominates the market among end-users, and is accounted to $21.1billion in 2015.

Revenue cycle management market report is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market. With the market in U.S. shifting to value based reimbursements RCM is expected to play a major role to develop this process.

Market Overview:

Based on type
• Integrated RCM
• Standalone RCM

On the basis of product type

• RCM solution are generally used by larger organizations where integration with other healthcare IT products such as RIS, LIS, PACS, HER among others to form a more holistic process for billing and claim settlements.
• Standalone RCM is best used in smaller hospitals and physician offices where they need to manage only one healthcare application.

Based on end-users
• Hospitals,
• Laboratories,
• Physicians and others.

Based on geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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