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Healthcare Revenue Cycle Management Market size to Witness High Growth in near future: Leading Key Players like Allscripts Healthcare Solutions, AGS health, Athenahealth, Accretive Health, Cognizant Technology Solutions, Cerner, Carecloud Corporation, Con

02-27-2019 05:56 AM CET | Health & Medicine

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Healthcare Revenue Cycle Management Market size to Witness High

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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The report presenting a comprehensive exploration of the global Healthcare Revenue Cycle Management encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Healthcare Revenue Cycle Management in the near future. It also includes the major contributing factors to the growth of the global Healthcare Revenue Cycle Management as well as the dominating players in the market coupled with their market share.

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.

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.

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.

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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Further in the Healthcare Revenue Cycle Management Market research reports, following points are included along with in-depth study of each point:

Production Analysis – Production of the Healthcare Revenue Cycle Management is analyzed with respect to different regions, types and applications. Here, price analysis of various Healthcare Revenue Cycle Management Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Healthcare Revenue Cycle Management Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Healthcare Revenue Cycle Management Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Healthcare Revenue Cycle Management industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Healthcare Revenue Cycle Management Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

Key questions answered in the Healthcare Revenue Cycle Management Market report:
 What will the Healthcare Revenue Cycle Management Market Size and the Growth rate be in 2025?
 What are the key market trends impacting the growth of the Healthcare Revenue Cycle Management market?
 Who are the key manufacturers of Healthcare Revenue Cycle Management industry: Company Introduction, Product Specification and Major Types Analysis, Production Market Performance, Sales Market Performance, Contact Information?
 What are the types and applications of Healthcare Revenue Cycle Management? What is the market share of each type and application: production, revenue, price, Market Size (Sales) Market Share by Type?
 What are the upstream raw materials and manufacturing equipment of Healthcare Revenue Cycle Management Market? Up Stream Industries Analysis, Raw Material and Suppliers, Equipment and Suppliers, Manufacturing Analysis, Manufacturing Process, Manufacturing Cost Structure, Manufacturing Plants Distribution Analysis, Industry Chain Structure Analysis
 What is the (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Healthcare Revenue Cycle Management?
 What are the Healthcare Revenue Cycle Management market opportunities and threats faced by the vendors in the Healthcare Revenue Cycle Management Industry?
Report Content

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

5.1. Key segment trends

5.2. Claims & denial management

5.2.1. Market size, by region, 2013 - 2024

5.3. Medical coding & billing

5.3.1. Market size, by region, 2013 - 2024

5.4. Eligibility verification

5.4.1. Market size, by region, 2013 - 2024

5.5. Payment remittance

5.5.1. Market size, by region, 2013 - 2024

5.6. Others

5.6.1. Market size, by region, 2013 - 2024

Chapter 6. Healthcare Revenue Cycle Management Market, By Deployment

6.1. Key segment trends

6.2. On-premise

6.2.1. Market size, by region, 2013 - 2024

6.3. Cloud-based

6.3.1. Market size, by region, 2013 - 2024

Complete report titled at https://www.marketstudyreport.com/reports/healthcare-revenue-cycle-management-market-size-by-product-integrated-standalone-by-deployment-on-premise-cloud-based-by-component-services-software-by-end-user-hospitals-physicians-diagnostic-ambulatory-care-centers-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-spain-italy-china-india-japan-brazil-mexico-south-africa-saudi-arabia-growth-potential-competitive-market-share-forecast-2016-2024

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