Press release
Revenue Cycle Management Market Grow Steady at 12.1% to 2021 Rear Excessive Growth Estimated by Claim & Denial, Medical Coding, Insurance Verification Functions for Healthcare and Medical Sectors
Download Free PDF Brochure on Revenue Cycle Management Market Now available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=346161 .Growth in revenue cycle management market is driven by regulatory compliance encouraging the use of RCM solutions, government support, increasing number of patients, and process improvements in healthcare organizations brought about by RCM. In addition, vendor consolidation to provide end-to-end solutions, cloud-based solutions, and potential RCM markets for IT vendors are expected to offer growth opportunities for market players.
Global revenue cycle management market is projected to reach USD 80.56 billion by 2021 from USD 45.52 billion in 2016, at a CAGR of 12.1% from 2016 to 2021. Major players operating in revenue cycle management market include McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.). However, high cost of deployment, dearth of trained IT personnel, and infrastructural loop holes in developing markets are restraining the growth of this market. Revenue cycle management market is segmented on basis of product, component, deployment, end user, and region. In 2016, integrated RCM segment is expected to account for largest share of market and is expected to grow highest CAGR during forecast period. Increasing demand for integrated solutions, which play an integral role in improving process efficiency and cost reduction is major factor driving growth of integrated RCM segment.
Target Audience of Research is as Follows
• Healthcare equipment manufacturers
• Healthcare IT vendors
• Healthcare IT service providers
• Healthcare providers
• Healthcare payers
• Healthcare consultants
• Healthcare associations/institutions
• Business research and consulting service providers
Integrated segment is expected to account for largest share of revenue cycle management product market in 2016. Shift in healthcare industry from volume-based payment to value-based payment systems; and streamlined and coordinated multiple financial functions through a single platform with the use of integrated RCM are factors attributing to the growth of this segment.
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In global revenue cycle management market report segmented on basis of product, component, deployment, end user, & region. Services segment expected to account for largest share of revenue cycle management component market in 2016. Factors like dependence of healthcare organizations on consulting, training, maintenance services, & regular updating of software are contributing to growth of this segment.
#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Market, By Deployment
8 Global Market, By Function
9 Global Market, By End User
10 Competitive Landscape
11 Company Profiles
12 Appendix
The revenue cycle management market in this report is segmented by product, deployment, function, end user, and region. The study tracks and analyzes competitive developments such as product launches, collaborations, agreements, partnerships, and acquisitions, and profiles key players and core competencies in the revenue cycle management market.
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The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on portfolios offered by the top players in the global revenue cycle management market. The report analyzes the market byproduct, deployment, function, end user, and region
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product launches in the global revenue cycle management market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for revenue cycle management products across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global revenue cycle management market
• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the key players in the global revenue cycle management market
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