What is behind the Rise of the Revenue Cycle Management Market?

The global revenue cycle management (RCM) market is set to reach USD 216,990.6 million by 2026, registering a CAGR of 12.4% during the forecast period. Increasing inclination of patients to get outpatient care is one of the main driving factors for this market. Inpatient care, where people stay in a hospital overnight, is an expensive endeavor as it involves multiple costs and taxes that shoot up the hospital bill. Outpatient options are cheaper wherein the patient only needs to pay for consultation and medicines and gets the remaining care outside the hospital, such as in her home. In recent years, outpatient revenue has grown at a rapid pace and it has led to a sudden surge in the demand for RCM solutions. For example, data released by the American Hospital Association in 2019 shows that net outpatient revenue increased by 5.7% from 2016 to 2017, standing at $472 billion in 2017. This is indicative of the rising preference for outpatient care which has significantly added to healthcare revenue cycles and raised the demand for RCM tools.
The report covers:

o Global Revenue Cycle Management Market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast timeframe.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.

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Leading Players operating in the Revenue Cycle Management Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
o Conifer Health Solutions, LLC
o McKesson Corporation
o R1 RCM Inc.
o Epic Systems Corporation
o GeBBS Healthcare Solutions
o eClinicalWorks
o Cerner
o athenahealth, Inc.
o Allscripts Healthcare, LLC

Increasing Investment in Innovation to Energize Market Competition
Investing in research and development to create innovative products is emerging as the dominant being adopted by companies to solidify their presence in the RCM market. For example, in February 2017, McKesson unveiled its new revenue cycle management program, Healthy Hospital, that utilizes advanced analytics to help hospitals to identify areas where revenue generation can be sped up and financial performance optimized. Similarly, Apprio, Inc. inaugurated its specialized RCM division called APPRIOHEALTH in March 2019 with a view to deliver advanced RCM technologies to its clients.

Detailed Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Statistical overview of hospital admissions- For key countries,2018
4.2. Technological advancements in revenue cycle management process
4.3. New product launch
4.4. Key start-ups with their funding overview
4.5. Regulatory scenario - For key countries,2018
4.6. Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
5. Global Revenue Cycle Management Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast - By Structure
5.2.1. In-house
5.2.2. Outsource
5.3. Market Analysis, Insights and Forecast - By Function
5.3.1. Claims & Denial Management
5.3.2. Medical Coding & Billing
5.3.3. Clinical Documentation Improvement (CDI)
5.3.4. Insurance
5.3.5. Others
5.4. Market Analysis, Insights and Forecast - By Type
5.4.1. Software
5.4.2. Services
5.5. Market Analysis, Insights and Forecast - By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Latin America
5.5.5. Middle East & Africa

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