Press release
Healthcare Revenue Cycle Management Market valuation to hit $100 Bn by 2024| Top Players: McKesson, Allscripts, AGS Health, athenahealth
Healthcare Revenue Cycle Management Market
Technological advancements in healthcare revenue cycle management solutions will foster the demand thereby, escalating the HRCM industry growth. Increasing geriatric population in developing countries such as India are susceptible to chronic diseases that will surge the number of hospital admissions. Hospitals and ASC’s largely rely on technologically upgraded healthcare revenue cycle management solutions that will trigger the industry growth in foreseeable future. However, lack of trained professionals may restrain HRCM market growth during forecast timeframe.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1170
Standalone product segment was valued at USD 6.1 billion in 2017 and is expected to have considerable revenue size during the forecast timeframe. Healthcare revenue cycle consists of standalone software that are utilized in streamlining the process flow and possesses considerable amount of operational efficiency that increases its adoption. Also, hospitals and clinics adopt standalone software as it is a type of portable application that can be run without any requirement of installation procedure that will stimulate the segmental growth.
Medical coding and billing segment will experience 11.3% CAGR during the forecast timeframe. Segmental growth is attributed to the availability of upgraded software that enable reduction in errors in data interpretation during the medical coding process. Medical coding essentially requires accurate data collection and translating the codes that are required while reimbursing a particular medical procedure. Key industry players have developed solutions for efficient medical coding and billing that should augment the segment growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• McKesson
• Allscripts
• AGS Health
• athenahealth
• Hexaware Technologies
• MEDITECH
• Accretive Health, INC
• Experian
• Genpact
• GeBBS Healthcare Solutions
• Eurohealth Systems
• Cerner Wellness
• CareCloud
• Conifer Health Solutions
• Emdeon
• Etransmedia
• The Advisory Board Company
• The SSI Group, LLC
Cloud based segment accounted for 76.4% revenue share in 2017. High revenue shares are due to increasing usage of cloud-based software for efficient data processing. Cloud based software are typically utilized in analyzing revenue cycle data such as transactions, charges and accounts receivables. Cloud-based software resolve problems and reduces errors. Also, recently developed cloud-based software provides data security that will boost the segmental growth.
Hospitals segment accounted for 31.3% revenue share in 2017 owing to the increasing adoption of upgraded cloud-based software for storing revenue data. Increasing prevalence of chronic diseases will surge the demand for data analytic software in hospitals for efficient data management stimulating the segmental growth during forecast timeframe. Availability of upgraded solutions utilized by hospitals enable management of patient data such as patient history and payment details should positively influence the segmental growth.
North America healthcare revenue cycle management market dominated the global market with 40% revenue share in 2017 and is estimated to show similar trend in the coming years. High growth is attributed to significant changes in regulations that have largely affected the finances, organization, and delivery of healthcare services. Moreover, increasing number of hospitalizations in the region will fuel the need for healthcare revenue cycle management systems thereby augmenting the regional growth.
Germany healthcare revenue cycle management market witnessed 11.3% CAGR in 2017 and is anticipated to witness robust growth over forecast timeframe. Germany is an economically developed nation and has high healthcare expenditures that proves beneficial for the industry growth. Additionally, growing geriatric population susceptible to chronic infections will increase the number of hospital admissions. Development of upgraded software for processing large patient databases and its high adoption in Germany will propel the country growth in upcoming years.
Healthcare Revenue Cycle Management Market, By Product (USD Million)
1 Integrated
2 Standalone
Healthcare Revenue Cycle Management Market, By Function (USD million)
1 Claims & Denial Management
2 Medical Coding & Billing
3 Eligibility Verification
4 Payment Remittance
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1170
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 3600 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 healthcare expenditure in developed as well as developing economies
3.3.1.2. Growing demand for health insurance in North America
3.3.1.3. High preference for big data analytics
3.3.1.4. Technological advancements in HRM solutions
3.3.2. Industry pitfalls and challenges
3.3.2.1. Frequent changes in healthcare regulatory compliance
3.3.2.2. Lack of trained professionals
Chapter 8. Healthcare Revenue Cycle Management Market, By Region
8.1. Key regional trends
8.2. North America
8.2.1. Market size, by country 2013 – 2024
8.2.2. Market size, by product, 2013 – 2024
8.2.3. Market size, by function, 2013 – 2024
8.2.4. Market size, by deployment, 2013 – 2024
8.2.5. Market size, by end-use, 2013 – 2024
8.3. Europe
8.3.1. Market size, by country 2013 – 2024
8.3.2. Market size, by product, 2013 – 2024
8.3.3. Market size, by function, 2013 – 2024
8.3.4. Market size, by deployment, 2013 – 2024
8.3.5. Market size, by end-use, 2013 – 2024
8.4. Asia Pacific
8.4.1. Market size, by country 2013 – 2024
8.4.2. Market size, by product, 2013 – 2024
8.4.3. Market size, by function, 2013 – 2024
8.4.4. Market size, by deployment, 2013 – 2024
8.4.5. Market size, by end-use, 2013 – 2024
Browse Full Report Details @ https://www.gminsights.com/industry-analysis/healthcare-revenue-cycle-management-market
Data Tables
TABLE 1 Healthcare revenue cycle management industry 360º synopsis, 2013 – 2024
TABLE 2 Healthcare revenue cycle management market, 2013-2017 (USD Million)
TABLE 3 Healthcare revenue cycle management market, 2018-2024 (USD Million)
TABLE 4 Healthcare revenue cycle management market, by product, 2013-2017 (USD Million)
TABLE 5 Healthcare revenue cycle management market, by product, 2018-2024 (USD Million)
TABLE 6 Healthcare revenue cycle management market, by function, 2013-2017 (USD Million)
TABLE 7 Healthcare revenue cycle management market, by function, 2018-2024 (USD Million)
TABLE 8 Healthcare revenue cycle management market, by deployment, 2013-2017 (USD Million)
TABLE 9 Healthcare revenue cycle management market, by deployment, 2018-2024 (USD Million)
TABLE 10 Healthcare revenue cycle management market, by end-use, 2013-2017 (USD Million)
TABLE 11 Healthcare revenue cycle management market, by end-use, 2018-2024 (USD Million)
TABLE 12 Healthcare revenue cycle management market, by region, 2013-2017 (USD Million)
TABLE 13 Healthcare revenue cycle management market, by region, 2018-2024 (USD Million)
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
Global Market Insights, Inc.
4 North Main Street
Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:sales@gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Healthcare Revenue Cycle Management Market valuation to hit $100 Bn by 2024| Top Players: McKesson, Allscripts, AGS Health, athenahealth here
News-ID: 1753015 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for Health
Digital Therapeutics Market Research 2025 Leading Key Players - Proteus Digital …
An exclusive Digital Therapeutics Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Digital Therapeutics Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report…
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, …
ReportsWeb.com has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification.
This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market,…
Digital Therapeutics Market Outlook to 2025 - Propeller Health, CANARY HEALTH, N …
The global digital therapeutics market is segmented on the basis of application, distribution channel, and geography. The application segment includes, respiratory diseases, central nervous system disease, smoking cessation, medication adherence, cardiovascular diseases, musculoskeletal diseases, and other applications. Based on distribution channel, the digital therapeutics market is segmented as, B2B and B2C.
Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and…
Digital Therapeutics Market Analysis 2018 | Growth by Top Companies: Proteus Dig …
Global Digital Therapeutics Market to 2025
This report "Digital Therapeutics Market Analysis to 2025" provides an in-depth insight of medical device industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis.
Digital therapeutics, a subset of digital health, is a health discipline and treatment option that utilizes a digital and often online health technologies to treat a medical or psychological condition. The treatment relies on behavioral and…
Digital Therapeutics Market 2018 Global Key Player Analysis - Omada Health, Twin …
New Intelligence Report on “Digital Therapeutics Market to 2025” is recently published by The Insight Partners. The report aims to provide leading industry players with information such as company profiles, products and services offered, financial information of last 3 yesars, key development in past five years
North America is estimated to contribute to the largest share in the digital therapeutics market in the coming years, owing to factors such as, improved…
Digital Therapeutics Market Global Outlook to 2025 - Proteus Digital Health, Wel …
“Digital Therapeutics Market" covers a detailed research on the industry with financial analysis of the major players. The report provides key information and detailed study relating to the industry along with the Economic Impact and Regulatory and Market Support. The report examines the industry synopsis, strategic investments, Industry Surveys, Economic Impact, etc.
The market of digital therapeutics market is anticipated to grow with a significant rate in the coming years, owing…
