Global Revenue Cycle Management Market Huge Growth by 2026 | Key Players-athenahealth, Inc. (US), CareCloud Corporation (US), Cerner Corporation (US), Conifer Health Solutions LLC (US), eClinicalWorks (US), NXGN Management, LLC. (US)
The Global Revenue Cycle Management Market report could be a comprehensive analysis of the study of trade. This report helps focus you on the additional necessary aspects of the market like what the market recent trends are. The Global Revenue Cycle Management Market report is associate degree analytical assessment of the prime challenges that are to come back within the market in terms of sales, export/import, or revenue.
Market Analysis: Global Revenue Cycle Management Market
Global Revenue Cycle Management Market has accounted to about USD 29.5 billion in 2018, rapidly growing at a CAGR of 12.5% from 2019 to 2026, is expected to reach USD 75.69 billion by 2026.
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Key Market Competitors:
Few of the major competitors currently working in the global revenue cycle management market are-All scripts Healthcare Solutions, Inc. (IN), athenahealth, Inc. (US), CareCloud Corporation (US), Cerner Corporation (US), Conifer Health Solutions LLC (US), eClinicalWorks (US), Epic Systems Corporation (US), Experian Information Solutions, Inc.(US), General Electric Company (US), GeBBS Healthcare Solutions (IN), McKesson Corporation (US), NXGN Management, LLC. (US), nThrive, Inc. (US), Quest Diagnostics Incorporated (US), SSI Group, LLC (US)
Revenue cycle management (RCM) is applied by healthcare organizations to scale and manage the process of healthcare billing and reimbursements. It is done by improving the process of claims management, accelerating 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.
Factors like decrease in reimbursement in healthcare industry, reduction of total healthcare costs, initiatives undertaken by governments for implementation of revenue cycle management solutions, and increasing expenditure by healthcare industry especially made on IT are the major drivers of the global revenue cycle management market.
Key advantage over traditional revenue cycle management.
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Table of Contents:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
By Product Type
Claim & Denial
Medical Billing Coding
Electronic health record
Clinical documentation improvement
Others (scheduling & appointment, referral management, and contract management)
Other end users (pharmacies, emergency medical centers etc.)
Middle East & Africa
Key Developments in the Market:
In June, Quest Diagnostics, the world’s leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Management Solution. This solution will expand the company profile and portfolio.
In October, eClinicalWorks, a market leader in ambulatory clinical systems, announced eClinical Works Revenue Cycle Management (RCM) to aid medical practices in optimizing billing. This solution launch will expand the company growth rate and portfolio.
Reasons to Purchase this Report:
1. Current and future of global revenue cycle management outlook in the developed and emerging markets
2. The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
3. Regions/Countries that are expected to witness the fastest growth rates during the forecast period
4. The latest developments, market shares, and strategies that are employed by the major market players
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Highlights of the Study
1. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
2. To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
3. Key parameters which are driving this market and restraining its growth
4. What all challenges manufacturers will face as well as new opportunities and threats faced by them.
5. Learn about the market strategies that are being adopted by your competitors and leading organizations
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process.
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