Healthcare RCM Outsourcing Market Global Briefing and Future Outlook 2019 to 2024: optum360, GeBBS Healthcare, Change Healthcare (Emdeon), McKesson RelayHealth and More..

Healthcare RCM Outsourcing Market

Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower price to their patients. Increasing healthcare cost is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services.

Some of the leading Companies incorporated in this Research are Conifer Health Solutions, nthrive (Medassets + Precyse), optum360, GeBBS Healthcare, Change Healthcare (Emdeon), McKesson RelayHealth, Parallon (HCA), MedData (Cardon Outreach), MedAssist (Firstsource), Availity, The SSI Group, Accretive Health (R1 RCM Inc), Cerner.

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The global Healthcare RCM Outsourcing market is valued at 13200 million USD in 2018 and is expected to reach 22100 million USD by the end of 2024, growing at a CAGR of 10.9% between 2019 and 2024.

The process starts from gathering information from patients, documentation record, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered as healthcare RCM. Revenue cycle management (RCM) is the fundamental process that enables a company to be paid for providing their services. For most healthcare providers, RCM includes everything from pre-registering a patient all the way through the final zero balance invoicing for a particular visit.

Scope of the Report:

The global Healthcare RCM Outsourcing industry was 11713.04 million USD in 2017 and is projected to reach USD 22101.11 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 11.16% between 2017 and 2023. The market is driven by various end-users, such as small/rural hospitals, community hospitals, large hospitals & academic medical centers. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Healthcare RCM Outsourcing.

Market Segment by Type, covers
Pre-intervention
Intervention
Post-intervention

Market Segment by Applications, can be divided into
Small/Rural Hospitals
Community Hospitals
Large Hospitals & Academic Medical Centers

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