Press release
Revenue Cycle Management Outsourcing Market 2026 to Scale Higher with Implementation of Machine Learning | Exclusive by Fortune Business Insights
The increasing prevalence of chronic diseases and the need for medical attention are increasing burden on healthcare centers such as hospitals for managing patient’s records.
With the advent of advanced technology such as artificial intelligence, machine learning, and block chain technology, the global healthcare revenue cycle management outsourcing market is likely to witness remarkable growth.
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Some of the major companies that are present in the Global Revenue Cycle Management Market are;
• Microsoft
• IBM
• Dell
• McKesson
• Experian
• Allscripts
• Athenahealth
• Greenway Health
• GeBBS Healthcare Solutions
• ZirMed, now part of Waystar
• Epic Systems Corporation
• General Electric Manufacturing Company Cerner Corporation
• AdhereTech.
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The implementation of these systems helps the medical sector maintain records of patients, facilitating automated medical billing, and virtual healthcare. Patient records include appointment scheduling, claim checking, insurance verification, charge entry and others. Such innovations are likely to bode well for the revenue cycle management outsourcing market.
In addition to this, the rise in healthcare expenditure has compelled governments take step towards helping the middle class population by introducing various healthcare schemes. Under such schemes, either healthcare expenditure is reduced or certain treatments for a certain stratum of the society come attached with exclusive reimbursement facilities. Maintaining such detailed information for a number of people is difficult. Also electronically managing revenue cycle requires high speed internet, besides considerable investment on technology. These factors are enabling growth in the global market for healthcare revenue cycle management outsourcing in future.
Segmentation
By Type
· Standalone Systems
· Integrated Systems
By Component
· Software
· Service
By Delivery
· On-premise
· Web-based
· Cloud-based
By End User
· Hospitals
· Clinics
· Ambulatory Surgery Centres
· Others
By Geography
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
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