Healthcare Revenue Cycle Management Market Increasing the Growth Worldwide| By Top Leading Players: Emdeon, Experian, AGS Health, Athenahealth, Gebbs Healthcare Solutions, Cerner, Conifer Health Solutions

The Healthcare Revenue Cycle Management market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

U.S. healthcare revenue management market contributed 90.7% of total North America industry revenue in 2017. U.S. healthcare has experienced significant changes in regulations that have largely affected the finances, organization, and delivery of healthcare services. Various changes in laws and regulations including introduction of the Affordable Care Act (ACA) and a transition in coding system will augment country growth in forthcoming years.

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Integrated revenue cycle management system segment was valued at USD 40,843.4 million in 2017 and is projected to grow significantly over the forecast timeframe. Integrated systems provide efficient tracking management capabilities that helps to reduce cost of auditing. The integrated systems comprising of AR management Denials management and business analytics technology helps to identify and address the key issues driving denials. These integrated software help in optimizing operational performance and subsequent financial results that will help in favoring growth of healthcare revenue management industry over the coming years.

Healthcare revenue cycle management (HRCM) will exceed USD 100 billion by 2024; as per a new research report. Increase in healthcare expenditure and rapidly growing geriatric population are the major impact rendering factors for healthcare revenue management industry growth. As per World Bank Data 2015, the estimated healthcare expenditure in U.S. was 16.9% of GDP that is comparatively higher than other countries. Increasing healthcare expenditure ultimately increases the need of revenue management systems to manage these expenditures thereby stimulating HRCM business growth.

Rising demand for health insurance will drive the healthcare revenue management market growth in upcoming years. Healthcare providers typically carry large balances and struggle to receive timely and accurate reimbursement from government programs such as Medicare and Medicaid as well as commercial insurance payors. As per Centers for Medicare & Medicaid Services (CDC) Actuary Releases 2017, the private health insurance spending is projected to average 4.7% over 2017-2026. Increase in demand for healthcare insurance is set to drive the adoption of HRCM solutions.

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Medical coding and billing segments are anticipated to show lucrative market growth of 11.3% during the forecast timeframe. The growth of the segment is attributed to rising incidence of insurance issues related with misinterpretation of medical documents. In addition, rising adoption of coding and billing procedures in hospitals, is expected to generate growth opportunities during the projected timeframe.

Hospital end-user segment will witness 11.6% CAGR during the forecast timeframe and is expected to witness robust growth during the projected timeframe. The growth of the segment is attributed to increasing patient base as well as cash flow in hospitals. The number of patients that are unwilling or unable to pay is growing, that again compels healthcare providers to implement efficient revenue cycle management system to collect from patient at all points of service. Hospital revenue cycle management consists of generation, management and collection of patient care revenue.

China healthcare revenue management market was valued at USD 2,490.6 million in 2017 owing to rapidly increasing healthcare spending, increased government initiatives on healthcare sector and developments in healthcare IT. Moreover, emerging technologies in Healthcare IT like mobility, cloud, analytics/ big data and social business create efficiency and sustainability in healthcare sector thereby contributing healthcare revenue management business expansion.

Some of the prominent competitors operating in healthcare revenue management business include Allscripts Healthcare Solutions, AGS health, Athenahealth, Accretive Health, Cognizant Technology Solutions, Cerner, Carecloud Corporation, Conifer Health Solutions, Dell, Emdeon, Etransmedia and Experian. Industry competitors are mainly focusing on inorganic strategies such as partnership, merger and acquisitions to garner higher revenue share in the industry.

Table of Contents:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Healthcare revenue cycle management industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Function trends

2.1.4. Deployment trends

2.1.5. End-use trends

2.1.6. Regional trends

Chapter 3. Healthcare Revenue Cycle Management Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Increasing R&D expenditure worldwide

3.3.1.2. Rising number of clinical trials in emerging economies

3.3.1.3. Growing outsourcing of R&D activities

3.3.1.4. Rising technological advancements

3.3.2. Industry pitfalls and challenges

3.3.2.1. Intellectual property rights issues

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By function

3.4.3. By deployment

3.4.4. By end-use

3.5. Porter's analysis

3.6. Competitive landscape, 2017

3.6.1. Strategy dashboard

3.7. PESTEL analysis

Chapter 4. Healthcare Revenue Cycle Management Market, By Product

4.1. Key segment trends

4.2. Integrated

4.2.1. Market size, by region, 2013 - 2024

4.3. Stand alone

4.3.1. Market size, by region, 2013 - 2024

Chapter 5. Healthcare Revenue Cycle Management Market, By Function

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Related Report:

Global Healthcare Revenue Cycle Management Market Size, Status and Forecast 2025

This report studies the global Healthcare Revenue Cycle Management market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Healthcare Revenue Cycle Management market by companies, region, type and end-use industry.

https://www.marketstudyreport.com/reports/global-healthcare-revenue-cycle-management-market-size-status-and-forecast-2025/?utm_source=RR-SP

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