Revenue Cycle Management Market to Rise By Top Key Vendors | Conifer Health Solutions, LLC, McKesson Corporation, R1 RCM Inc., Epic Systems Corporation, GeBBS Healthcare Solutions, eClinicalWorks, Cerner, athenahealth, Inc. & others.

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.

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:

Conifer Health Solutions, LLC
McKesson Corporation
R1 RCM Inc.
Epic Systems Corporation
GeBBS Healthcare Solutions
eClinicalWorks
Cerner
athenahealth, Inc.
Allscripts Healthcare, LLC
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Global Revenue Cycle Management Market Highlights:

The Revenue Cycle Management Market report offers an in-depth analysis of the Revenue Cycle Management industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Revenue Cycle Management market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

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.

Advent of IT and Analytics in Healthcare Industry Boosts the Market

“Cloud-based solutions are in high demand across the world for seamless data sharing,” stated a lead analyst at Fortune Business Insights. “Several companies are increasingly adopting cloud-based platforms to offer advanced revenue cycle management services,” he added. Robust government initiatives, coupled with decrease in healthcare reimbursements, are likely to drive the RCM market in the coming years. The rising use of analytical tools and IT in the healthcare industry is expected to increase the revenue generated by the RCM market between 2018 and 2025.

Regional Analysis:

North America (the 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)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Asia-Pacific to Showcase an Impressive CAGR; North America to Dominate

Increasing adoption of RCM software solutions and a widening patient population, mainly in India and China, are expected to boost the market in Asia-Pacific. However, North America is anticipated to dominate the global revenue cycle management market share owing to a well-entrenched healthcare insurance infrastructure and a strong presence of important market players. Europe is expected to grow at a smooth pace, primarily on account of the rising proclivity for outsourcing.

Key questions answered in the report:

What will the market growth rate of Revenue Cycle Management market in 2027?
What are the key factors driving the global Revenue Cycle Management market?
Who are the key manufacturers in Revenue Cycle Management market space?
What are the market opportunities, market risk and market overview of the Revenue Cycle Management market?
What are sales, revenue, and price analysis of top manufacturers of Revenue Cycle Management market?
Who are the distributors, traders and dealers of Revenue Cycle Management market?
What are the Revenue Cycle Management market opportunities and threats faced by the vendors in the global Revenue Cycle Management industry?
What are sales, revenue, and price analysis by types and applications of Revenue Cycle Management market?
What are sales, revenue, and price analysis by regions of Revenue Cycle Management industry?
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Detailed Table of Content:

1 Revenue Cycle Management Market Overview

1.1 Revenue Cycle Management Product Overview

1.2 Revenue Cycle Management Market Segment by Type

1.3 Global Revenue Cycle Management Market Size by Type (2015-2027)

1.3.1 Global Revenue Cycle Management Market Size Overview by Type (2015-2027)

1.3.2 Global Revenue Cycle Management Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Revenue Cycle Management Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Revenue Cycle Management Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Revenue Cycle Management Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Revenue Cycle Management Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Revenue Cycle Management Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Revenue Cycle Management Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Revenue Cycle Management Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Revenue Cycle Management Sales Breakdown by Type (2015-2027)

1.4.2 Europe Revenue Cycle Management Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Revenue Cycle Management Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Revenue Cycle Management Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Revenue Cycle Management Sales Breakdown by Type (2015-2027)

2 Global Revenue Cycle Management Market Competition by Company

2.1 Global Top Players by Revenue Cycle Management Sales (2015-2021)

2.2 Global Top Players by Revenue Cycle Management Revenue (2015-2021)

2.3 Global Top Players Revenue Cycle Management Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Revenue Cycle Management Manufacturing Base Distribution, Sales Area, Product Type

2.5 Revenue Cycle Management Market Competitive Situation and Trends

2.5.1 Revenue Cycle Management Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Revenue Cycle Management Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Revenue Cycle Management as of 2019)

2.7 Date of Key Company Enter into Revenue Cycle Management Market

2.8 Key Company Revenue Cycle Management Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Revenue Cycle Management Status and Outlook by Region (2015-2027)

3.1 Global Revenue Cycle Management Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Revenue Cycle Management Market Size Market Share by Region (2015-2021)

3.2.1 Global Revenue Cycle Management Sales Market Share by Region (2015-2021)

3.2.2 Global Revenue Cycle Management Revenue Market Share by Region (2015-2021)

3.2.3 Global Revenue Cycle Management Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Revenue Cycle Management Market Size Market Share by Region (2021-2027)

3.3.1 Global Revenue Cycle Management Sales Market Share by Region (2021-2027)

3.3.2 Global Revenue Cycle Management Revenue Market Share by Region (2021-2027)

3.3.3 Global Revenue Cycle Management Sales, Revenue, Price and Gross Margin (2021-2027)

Continued...

Reasons to Purchase this Report:

Comprehensive analysis of the Revenue Cycle Management Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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