US$ 90430 Million Opportunity by 2025 in the Revenue Cycle Management (RCM) System Market: Top Key Players – GE, Quest Diagnostics, Cerner, McKesson, Athenahealth, Allscripts, CareCloud

Overview of Global Revenue Cycle Management (RCM) System Market:

This report provides in-depth study of “Global Revenue Cycle Management (RCM) System Market 2020” using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Revenue Cycle Management (RCM) System Market report also provides an in-depth survey of key players in the market organization.

The Global Revenue Cycle Management (RCM) System Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Revenue Cycle Management (RCM) System Market size to maintain the average annual growth rate of 12.36% from USD 36000 Million in 2015 to USD 51070 Million in 2019, market analysts believe that in the next few years, Revenue Cycle Management (RCM) System Market size will be further expanded, we expect that by 2025, The market size of the Revenue Cycle Management (RCM) System will reach USD 90430 Million.

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The most important key factors driving the growth of the Global Revenue Cycle Management (RCM) System Market are decreasing reimbursements in the healthcare industry, regulatory mandates for the adoption of EHR/EMR, government initiatives to boost the adoption of RCM solutions, loss of revenue due to billing errors, and process improvements in healthcare organizations.

Regional analysis, North American regional segment is expected to account for the largest share of this market, followed by Europe. APAC is estimated to be the fastest-growing segment of the market. North America has been among the leaders in the development of the IT framework for the healthcare industry. Europe is the second-largest Revenue Cycle Management (RCM) System Market. Government initiatives in this region for eHealth and the need to improve overall efficiency in healthcare organizations are driving market growth for Europe.

In the end, the report makes some important proposals for a new project of Revenue Cycle Management (RCM) System Market before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2025 global Revenue Cycle Management (RCM) System market covering all important parameters.

Global Key Vendors:

1 Quest Diagnostics

2 Cerner Corporation

3 McKesson Corporation

4 Athenahealth

5 Allscripts Healthcare Solutions

6 eClinicalWorks LLC

7 CareCloud Corporation

8 The SSI Groups

9 GE Healthcare

10 Epic Systems

11 Siemens Healthcare

12 Kareo and More…………….

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Product Type Segmentation

1 Web-Based

2 On-Premise

3 Cloud-Based

Industry Segmentation

1 Academics

2 Ambulatory Care Solutions

3 Hospitals

4 Medical and Diagnostic Laboratories

5 Office Based Physicians

Top Medical Industry News:

Quest Diagnostics (July 18, 2020) - FDA Authorizes Quest Diagnostics COVID-19 Diagnostic Testing for Specimen Pooling for Emergency Use - Quest Diagnostics, the world's leading provider of diagnostic information services, today announced that it has received emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA) to use specimen pooling with its proprietary molecular diagnostic test for COVID-19. Quest is the first lab provider to receive FDA authorization for the technique for COVID-19 testing in the United States. 

In pooling, specimens must still be collected into individual vials, but then are combined into small batches or pools by the laboratory. A negative result for a batch means that all patients in that pool are considered negative (If a positive result occurs for the batch, each specimen is retested individually). The technique is an efficient way to evaluate patients in regions or populations with low rates of disease. Pooling is used routinely in blood banking to screen donated blood for a variety of viruses, among other applications.

With the new pooling EUA, the Quest Diagnostics SARS-CoV-2 RNA ("Quest SARS-CoV-2 rRT-PCR") test may be used with pooled upper respiratory specimens (nasopharyngeal, mid-turbinate, anterior nares or oropharyngeal swabs). In clinical data presented by Quest to the FDA, none of 3,091 total specimens from a population with a prevalence rate of 1-10 percent, if pooled, would have been incorrectly determined to be negative (95%CI 0.0-0.1%).

The company expects to deploy the technique at its laboratories in Chantilly, VA and Marlborough, Mass., by the end of next week with additional laboratories to follow.

"As COVID-19 continues to spread around the country, access to timely, quality laboratory testing is critical to patients and an effective public health response," said Steve Rusckowski, Chairman, CEO and President, Quest Diagnostics. "Pooled specimen testing is a proven technique that will help us to optimize testing capacity at this critical time for our country."

"We applaud FDA for taking this important step to empower Quest to increase capacity across our national laboratory network," said Jay G. Wohlgemuth, M.D., Senior Vice President and Chief Medical Officer, Quest Diagnostics. "Pooling will help expand testing capacity but it is not a magic bullet, and testing times will continue to be strained as long as soaring COVID-19 test demand outpaces capacity. Each of us can practice behaviors that will reduce COVID-19 infections in our communities, so our national healthcare system can better respond to this crisis."

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Major Points in Table of Contents:

Global Revenue Cycle Management (RCM) System Market Report 2020

1 Revenue Cycle Management (RCM) System Product Definition

2 Global Revenue Cycle Management (RCM) System Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Revenue Cycle Management (RCM) System Shipments

2.2 Global Manufacturer Revenue Cycle Management (RCM) System Business Revenue

2.3 Global Revenue Cycle Management (RCM) System Market Overview

2.4 COVID-19 Impact on Revenue Cycle Management (RCM) System Industry

3 Manufacturer Revenue Cycle Management (RCM) System Business Introduction

3.1 Quest Diagnostics Revenue Cycle Management (RCM) System Business Introduction

3.2 Cerner Corporation Revenue Cycle Management (RCM) System Business Introduction

3.3 McKesson Corporation Revenue Cycle Management (RCM) System Business Introduction

3.4 Athenahealth Revenue Cycle Management (RCM) System Business Introduction

3.5 Allscripts Healthcare Solutions Revenue Cycle Management (RCM) System Business Introduction

3.6 eClinicalWorks LLC Revenue Cycle Management (RCM) System Business Introduction

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