Healthcare RCM Outsourcing Market Outlook, Trends, Size, Growth and Forecast Analysis 2022-2027

According to the latest report by IMARC Group, titled "Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global healthcare RCM outsourcing market size reached US$ 20.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 53.5 Billion by 2027, exhibiting at a CAGR of 17.6% during 2022-2027.

COVID-19 Impact Analysis:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Healthcare revenue cycle management (RCM) outsourcing optimizes non-medical services in the healthcare industry. It includes various functions such as registration, scheduling, patient check-in/check-out, billing, as well as final balance payments. The process is an integral part of the healthcare industry as it offers better control and understanding of the revenue cycles. The administrative components comprise services such as front-end and back-end services, which help achieve cost savings. Nowadays, healthcare organizations are rapidly shifting from in-house management to outsourcing RCM processes as it helps in efficiently allocating financial and human resources. It also enables medical professionals to reduce the operation cost of office infrastructure, software, and equipment.

Global Healthcare RCM Outsourcing Market Trends: 

The market is primarily driven by the rising prevalence of lifestyle and cardiovascular diseases. In addition, healthcare organizations are outsourcing their operational functions to RCM partners, which help focus on the actual business of providing quality healthcare and reducing the non-clinical task burden on hospitals. It also maintains tabs on the compliance regulations of the organization. In recent years, there has been a shortage of staff members across hospitals and clinics, which is fueling the growth of the market. Besides this, RCM service providers offer easy scaling up of requirements of the providers, which is creating opportunities for business expansion without any need for either human or infrastructure resources. Furthermore, governments across various countries are implementing stringent regulations to reduce the operating costs of healthcare facilities and medical billing companies, thereby propelling the market growth.

Competitive Landscape With Key Players:

Some of the leading players operating in the market are:

Conifer Health Solutions
Emdeon Business Services
MedAssets
McKesson
Parallon Business Solutions 
The SSI Group

Key Market Segmentation:

Breakup by Type:

Pre-intervention
Intervention
Post-intervention

Breakup by Services:

Back-end 
Middle 
Front-end

Breakup by End-User:

Hospitals
Others

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa 
Latin America

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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