openPR Logo
Press release

Healthcare Revenue Cycle Management Market To Expand At A CAGR Of 12.2% By 2027

02-21-2020 11:38 AM CET | Health & Medicine

Press release from: Market Research Future

Healthcare Revenue Cycle Management Market

Healthcare Revenue Cycle Management Market

Healthcare Revenue Cycle Management Market Research Report, by Product Type (Integrated, Standalone Software) Component (Software, Services) Deployment (On Premise, Cloud Based) End-user (Hospital, Ambulatory Service)- Global Forecast Till 2027

Healthcare Revenue Cycle Management Market Analysis

Healthcare revenue cycle management (HRCM) market is growing leaps and bounds. Considerable advancements in healthcare IT and the proliferating medical sector drive the market growth, predominantly. The aggressively increasing population years by years is prompting the demand for the highest quality, coordinated care. Besides, rising administrative & operational expenses required to keep the show running in healthcare set-ups are demanding cost-effective alternatives.

The pressure to curtail these expenses in healthcare organizations is increasing continually. As a commutative result of these, the adoption of healthcare RCM solutions has increased dramatically, over the recent years and so is rising the healthcare RCM market. According to Market Research Future (MRFR), the global healthcare revenue cycle management market is expected to generate a valuation of USD 175,163.5 MN by 2024.

Avail Free Sample Copy at https://www.marketresearchfuture.com/sample_request/878

In its recently published study, MRFR also asserts that the market would register over 12 % CAGR throughout the assessment period (2017-2024). The emergence of automated revenue cycle management is a major driving force behind the enormous growth of healthcare RCM market. The viable solutions offered by RCM are widening its uptake across the globe.

With the increasing accuracy & efficiency and access to healthcare IT systems, RCM solution further allows increased revenue generation, which acts as a tailwind pushing up the market growth. Additional factors such as the rapidly developing healthcare infrastructures, growing digitization, and the augmenting demand for data integration, data quality, management, and data governance substantiate market growth.

Strong clinical network connectivity with medical practitioners is the latest trend observed in the market, which is projected to continue throughout the review period fostering the market growth.

Healthcare Revenue Cycle Management Market - Segments

The report is segmented into five market dynamics to widen the scope of understanding,

By Deployment: On-cloud, On-premises, and Web-based, others.

By Component: Software and Service, among others.

By Product Type: Standalone and Integrated, among others

By End-users: Hospitals and Ambulatory Services, among others.

By Regions: Asia Pacific, Europe, North America, and Rest-of-the-World.

Healthcare Revenue Cycle Management Market - Geographical Analysis

North America leads the global HRCM market with the largest market share. High per capita healthcare expenditures and well-established healthcare sectors in the region drive the growth of the regional market. Moreover, the rapid adoption of RCM solutions in increasing numbers of healthcare set-ups impacts the market growth in the region, positively.

Favorable government policies and enhanced incentives foster the growth of the regional market. Canada and the US account for the key contributors to the regional market growth due to the successful implementations of IT solutions in their healthcare systems. The presence of well-developed healthcare infrastructures and IT sector and regulatory framework would further boost the market growth in the region.

Europe takes the second lead in the global healthcare RCM market. Factors such as the rapid technological advancements in well-developed healthcare sectors in the region substantiate the regional market growth. Additionally, increased digitization and increasing focus on data integration, data quality, management, and data governance drive the growth in the regional market, predominantly.

The Asia Pacific healthcare revenue cycle management market is growing briskly. Rapid technological advancements and the increasing adoption of RCM tools in healthcare facilities is leading the growth of the regional market. APAC countries such as Japan, China, and India account for the major contributors to the regional market growth due to the wide adoption of HRCM products and services.

Healthcare Revenue Cycle Management Market - Competitive Landscape

The highly competitive Healthcare RCM market appears fragmented due to the several large and small key players along with the new entrants forming a competitive landscape. Key players through strategic partnership, acquisition, expansion, collaboration, product & technology launch try to gain competitive advantage. They make substantial investments in R&D to develop a technology that is unrivaled and is entirely on a different level compared to their competition.

Healthcare Revenue Cycle Management Market Major Players:

Players leading the global HRCM market include Epic Systems (US), General Electric Company (US), Cerner Corporation (US), Quest Diagnostics (US), McKesson Corporation (US), Allscripts (US), and Siemens Healthcare (Germany) among others.

Healthcare Revenue Cycle Management Industry/Innovation/Related News:

September 23, 2019 --- Cerner Corporation (the US), a leading global provider of health information technology solutions, services, devices, and hardware announced its partnership with Simplee (the US), a software-as-a-service company that develops payment software for the health care industry.

The aim is to help improve patient experience through a more consumer-centric experience that lets care recipients better understand the billing process. The partnership would enable Cerner to add Simplee's financial engagement platform to its revenue cycle portfolio and incorporate its billing tools into its consumer-facing technology.

September 19, 2019 --- Zotec Partners LLC (the US), one of the largest revenue cycle management (RCM) providers announced that it has been selected to Transform the healthcare financial experience in the recently launched Walmart Health Center, a largest in-store clinic in Dallas (the US). Zotec with its end-to-end RCM technology and services, would simplify its healthcare processes and provide its customers with more access & control over their healthcare experiences, including primary care, dental, vision, and mental health services.

Browse Complete Report with TOC at https://www.marketresearchfuture.com/reports/healthcare-revenue-cycle-management-market-878

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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 To Expand At A CAGR Of 12.2% By 2027 here

News-ID: 1940742 • Views: 244

More Releases from Market Research Future

Autism Disorder and Treatment Market Pipeline Review and Industry Trend Analysis …
The global autism disorder and treatment market is expected to exhibit a CAGR of 4.37% over the forecast period from 2017 to 2023, according to a new report from Market Research Future (MRFR). The global autism disorder and treatment market was valued at USD 5,143.6 million in 2016 and is likely to exhibit rapid growth over the forecast period due to the rising awareness about autism spectrum disorders (ASD) and
Neurorehabilitation Devices Market Analysis By Top Companies : Hocoma AG, Ekso B …
Neurorehabilitation Devices Market Analysis The neurorehabilitation devices market is anticipated to touch USD 2.25 billion between 2013-2022, states the latest Market Research Future (MRFR) report. Neurorehabilitation devices are therapeutic devices that are utilized in rehabilitation programs. It deals with daunting challenges to learn to live with different neurological conditions including amyotrophic lateral sclerosis, peripheral nervous disorders, spinal cord injuries, brain tremor, multiple sclerosis, Parkinson's disease, epilepsy, ADHD, and Alzheimer's disease. Besides,
Microfluidics Devices Market Technology Improvements, Industry Share, Global Tre …
Detail Analysis of Global Microfluidics Devices Market with respect to region specific market growth and competitive analysis on the basis of major players present in the market. Detail analysis on possible segments and sub segments of the market. Along with this regional analysis of the market which includes America, Europe, Asia Pacific and Middle East and Africa. Forecast till 2023 The Microfluidics Devices Market is continually growing mainly due to the
Clear Aligners Market Size 2020, Share, Industry Growth, Global Analysis, Resear …
Global Clear Aligners Market Research Report: Information by Product Type (Hard, Medium and Soft), Age (Adult and Teenager), Distribution Channel (Direct Sales and Laboratories) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2025 Clear Aligners Market Overview Global Clear Aligners Market size is expected to register 20.80% CAGR and is anticipated to reach USD 7019.96 Million by 2025, according to the latest market research report from

All 5 Releases


More Releases for RCM

Revenue Cycle Management (RCM) Market grow aggressive over 2025
Global Revenue Cycle Management (RCM) Market: Snapshot Revenue cycle management is seeing rising uptake in healthcare centers in the US and in other countries across the world as well. It is leveraged to track the revenue from their patients by managing claims processing, payment and revenue generation. A medical billing software or practice management software is needed for it and the overall process includes determining everything from eligibility of patients, collecting
Healthcare RCM Outsourcing Market sizes and predictions for growth
MarketResearchReports.Biz adds “Global Healthcare RCM Outsourcing Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Healthcare RCM Outsourcing and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous
Global Healthcare RCM Outsourcing Market Challenges and Frontiers of Growth
Qyresearchreports include new market research report Global Healthcare RCM Outsourcing Market Size,Status and Forecast 2025 to its huge collection of research reports. This report on the global Healthcare RCM Outsourcing market has been compiled by research analysts of the industry, with a primary aim to offer relevant information on the current market conditions for the global Healthcare RCM Outsourcing. Its objective is to talk about the growth prospects of the market
Revenue Cycle Management (RCM) Market Report 2017 Analysis & Research 2025
Global Revenue Cycle Management (RCM) Market: Overview Revenue cycle management solutions can be very beneficial to business and healthcare organizations across the world. Revenue cycle management implies the refinement of a billing process. To do so, the revenue cycle management can make use of an organization’s medical billing software. This can be very valuable in larger healthcare organizations, where they can be used to track patient care and statuses between a
Healthcare Revenue Cycle Management (RCM) Market Emerging Opportunities & Future …
Market Research Future Publish a New Report on - “Healthcare Revenue Cycle Management (RCM) Market Research Report - Forecast To 2027” Exclusive Summery About Report: The meaning of Revenue Cycle Management (RCM) in healthcare is the procedure of dealing with your office's cases, installment and revenue generation processes. In order to efficiently manage the patient revenue cycle of any organization, institute or office. In this era it is required or essential to
Develop business strategies Of Global RCM Outsourcing Industry
MarketResearchReports.Biz presents this most up-to-date research on "Global RCM Outsourcing Industry 2017, Trends and Forecast Report" View Full Report at: https://www.marketresearchreports.biz/reports/1011437/global-rcm-outsourcing-industry-2017-trends-and-forecast-report-market-research-reports Description RCM Outsourcing Report by Material, Application, and Geography Global Forecast to 2021 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report