openPR Logo
Press release

Revenue Cycle Management Market Projection By Top Key Players –Cerner Corporation, Epic Systems Corporation , McKesson Corporation , MEDHOST, Allscripts Healthcare, LLC Market Research Forecast 2028

10-21-2021 02:09 PM CET | Health & Medicine

Press release from: Fortune Business Insights™

Revenue Cycle Management Market Forecast 2021-2028

Revenue Cycle Management Market Forecast 2021-2028

A new market study, titled “Revenue Cycle Management Market Forecast 2021-2028” has been featured on Fortune Business Insights™.



***Get Latest Updated Market Research Report with Free Sample Report

Market Overview:

The global revenue cycle management market size is anticipated to rise at a CAGR of 13.0% between 2020 to 2027 on account of the rising prevalence of various diseases resulting in an increase in patient pool. RCM is a method of identifying, managing, and collecting patient service revenue and administering it with revenue generation and claims processing. According to a published report by Fortune Business Insights titled “Revenue Cycle Management Market Size, Share & Industry Analysis, By Structure (In-house and Outsource), Type (Software and Service), Functions (Claims & Denial Management, Medical Coding & Billing, Clinical Documentation Improvement (CDI), Insurance, and Others), End User (Hospitals, Physicians Office, and Others) and Regional Forecast, 2020-2027,” the value of this market was USD 96.27 billion in 2019 and is projected to reach USD 258.16 billion by the end of 2027.

The rising prevalence of the COVID-19 has not only impacted the world economy but also led the healthcare sector to face a major crisis. This is attributable to the increasing patient pool for coronavirus positive patients and the lack of proper hospital beds and professionals. The imposition of lockdown by the governments across several countries has resulted in major economic losses for most businesses as it was not possible to operate from homes. However, the ones that did operate from homes barely managed meagre revenue.

We too hope the efforts put in by scientists and researchers reap efficient measures to fight the novel coronavirus pandemic and we can all get back to our normal lives. Fortune Business Insights has analyzed the impact of the COVID-19 pandemic and are offering reports on various markets. These reports will help players and interested candidates study the market both qualitatively and quantitatively and accordingly make future decisions.

Request for Free Sample Report PDF @ https://www.fortunebusinessinsights.com/enquiry/sample/revenue-cycle-management-market-100275

The Report Answers the Following Questions:

What is the nature of the market for revenue cycle management?
Who are the key players of this market?
What are the key strategies adopted by the players?
Which is the leading segment of this market and why?
What are the recent industry developments of the market?


Drivers & Restraints-

Increasing Adoption of Electronic Health Records (EHR) will Bolster Growth

The increasing adoption of advanced concepts in the medical sector such as electronic health records and other solutions stands as a key factor boosting the global revenue cycle management market growth. This, coupled with the wide range of IT products such as business intelligence tools, advanced predictive analytics, and automated patient collection systems provided by RCMs, will also aid in expansion of the market.

On the contrary, factors such as the budget constraints associated with the installation of RCM systems especially for small hospitals and physician’s offices may cause major hindrance to the growth of the market. Nevertheless, the complexities of financial management for end users have fueled the demand for medical coding and billing services, thereby creating new growth opportunities for the market for RCM in the coming years.



Segmentation-

Detailed Segmentation of Revenue Cycle Management Market:

In terms of structure, the market is segmented into in-house and outsource sub–segments. Among these, the in-house segment earned the highest market share. This is attributable to the higher adoption of RCM solutions by hospitals and the growing number of patient admissions.



Regional Analysis-

North America Dominated the Market Owing to increasing Adoption of Innovative Medical Solutions

In 2019, the market in North America was worth USD 52.01 billion and this region emerged dominant. This is due to the presence of many players and the launch of innovative solutions and setting up of new research centers in the U.S. Europe, on the other hand ranks second, the growth of which is attributable to the increasing number of start-ups and development of financial technology. However, the market in Asia Pacific is expected to emerge as the fastest growing segment owing to the improving healthcare infrastructure and increasing adoption of revenue cycle management as software and services. Furthermore, the market in Latin America and the Middle East and Africa will grow steadily on account of gradual entry of healthcare advanced solutions.

Ask for Customization @ https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/revenue-cycle-management-market-100275?utm_source=Jiten&utm_medium=PR

Competitive Landscape-

Players Focusing on Delivering End-to-End Service to Gain Competitive Edge

Currently, Cerner Corporation is holding a dominant share in the market for revenue cycle management. This is attributable to the efficient RCM services provided by the company keeping in mind the production, efficiency, and budget requirements of the organization. The company also focuses on denial management, patient pays or pre-collect, medical billing and coding, and denial management, along with patient access for ensuring quality management services to their clients. The aforementioned factors will further help Cerner Corporation continue dominating the market in the coming years.



Industry Developments:

February 2018 – A cloud-based platform for revenue cycle management called Acute Care was launched by eClinicalWorks

March 2019 – A new RCM division was launched by Apprio Inc., called APPRIOHEALTH for delivering advanced technology solutions and services for healthcare organization.



List of Companies Profiled in the Report:



Cerner Corporation (Missouri, U.S.)
Epic Systems Corporation (Wisconsin, U.S)
McKesson Corporation (Texas, U.S)
MEDHOST (Tennessee, U.S)
Allscripts Healthcare, LLC (Illinois, U.S.)
Conifer Health Solutions, LLC (Texas, U.S)
GeBBS Healthcare Solutions (California, U.S)
Medical Information Technology Inc. (MEDITECH) (Massachusetts, U.S)
eClinicalWorks (Massachusetts, U.S)
Others


Speak To Analyst @ https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/dermal-fillers-market-100939

NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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 Revenue Cycle Management Market Projection By Top Key Players –Cerner Corporation, Epic Systems Corporation , McKesson Corporation , MEDHOST, Allscripts Healthcare, LLC Market Research Forecast 2028 here

News-ID: 2436916 • Views: 484

More Releases from Fortune Business Insights™

Household Cleaning Products Market to Reach USD 320.82 Billion by 2028| Top lead …
The global household cleaning products market size is expected to gain momentum by reaching USD 320.82 billion by 2028 while exhibiting a CAGR of 4.5% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Household Cleaning Products Market, 2021-2028.” The report further mentions that the market stood at USD 221.32 billion in 2020. The increasing demand for organic cleaning products, coupled with the
Glycerine Market to Reach USD 2.53 Billion by 2028 |Top Leading players Wilmar I …
The global glycerine market size is expected to reach USD 2.53 billion by 2028, exhibiting a CAGR of 5.3% during the forecast period. The increasing demand for bio-based fuels, such as biodiesel backed by rapid industrialization and urbanization, will aid the expansion of this market. This information is given by Fortune Business Insights™ in a report titled, “Glycerine Market, 2021-2028.” The report further states that the market size was
Global Marine Sensors Market Trends, Share, Size, Demand, Growth Opportunities, …
The global marine sensors market is set to gain impetus from their increasing usage in measuring the properties of seawater in the field of oceanography. Fortune Business Insights™ presented this information in an upcoming report, titled, “Marine Sensors Market Size, Share & Industry Analysis, By Component (Acoustic, Sensors, Magnetic Sensors, Sonars, Pressure Sensors, Temperature Sensors, Flow and Level Sensors), By Application (Intelligence & Reconnaissance, Target Recognition, Command & Control) and
Space Rover Market Size, Future Trends, Growth Key Factors, Demand, Share, Appli …
The increasing R&D investment in space operations is expected to enable healthy growth of the market, states Fortune Business Insights, in a report, titled “Space Rover Market Size, Share & Industry Analysis, By Application (Lunar Surface Exploration, Mars Surface Exploration, Asteroids Surface Exploration) and Regional Forecast, 2021-2028.” The demand for fully autonomous robotic space vehicles can have an excellent impact on the market. The report on the space rover market

All 5 Releases


More Releases for Management

Risk Management at Change
Germany/Europe - 10/30/2018 The recent political turmoils in terms of globalization versus patriotism is baffling business stakeholders worldwide about business risks and chances, especially in the framework of investments abroad. Handling perils like sudden travel advises, updated sanction lists and the likeliness of a global trade war can be a rather challenging and demanding for private individuals, enterprises and company groups alike. This makes cooperating with a specialised, internationally positioned
CBF Management, Canada
'''CBF Management''' is the doing-business-as name of CBF Management/CBF and currently a non-franchisor selling and supporting post construction cleaning services, janitorial, commercial, residential, and floor care services through the [[Canada]], and 2 other countries using the “CBF Management” trademarks and systems to commercial services. Company History and Key Dates *2006 – CBF Management Company founded in Vancouver, British Columbia, as a floor care company by Harpreet Sandhu, a former track athlete. *2008 –
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail. Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of
Obesity Management Congress 2018
Obesity can be managed by combination of lifestyle change, exercise and healthy diet plans. In case of severe Obesity bariatric surgery and medications will be employed. People who have gone through bariatric surgery which have suppressed hunger and the mechanism for which causes obesity based type 2 diabetes is reversed and it also causes sixty to eighty percent weight loss for a long term. But it has it cons
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said
Oakmere Wealth Management Advisors - Investment Management Approac
St. James's Place Wealth Management recognizes that no single investment house has a monopoly on investment expertise, and St. James's Place do not employ in-house investment managers. Instead we carefully select a number of external managers of outstanding ability to manage our range of funds. This has a number of advantages: • It gives us the freedom to select first-class managers from the global investment market to manage our funds on behalf