Revenue Cycle Management Market is expected to represent Significant CAGR of 11.2% by 2030 | The SSI Group, Inc, Experian Health

The global revenue cycle management market size is expected to reach USD 658.3 billion by 2030, according to a new report by Global Market Vision. The market is expected to expand at a CAGR of 11.2% from 2023 to 2030. Growing digitalization of healthcare is driving organizations to adopt healthcare IT solutions such as revenue cycle management (RCM) systems. Unorganized data siloes generated from multiple healthcare functionalities and the increasing need to streamline workflows to enhance productivity and efficiency are driving the adoption of RCM systems and propelling market growth.

The existing healthcare systems are transitioning and readily adopting electronic processes for claims management, coding, and reimbursements. The growing digital literacy across the globe and increasing healthcare IT spending coupled with technological advancements in healthcare infrastructure are anticipated to boost the market growth. Rising demand for workflow optimization and favorable regulatory support from government bodies is shaping development and growth. Transforming healthcare systems and constant technological advancements are driving key players to focus on their innovative product development strategies to enhance the patient-provider relationship in healthcare facilities.

Get the PDF Sample Copy (Including FULL TOC, Graphs and Tables) of this report: https://globalmarketvision.com/sample_request/128685

Market players are focusing on partnerships and technological collaborations with other players to expand their business footprint and grow their clientele. For instance, in January 2020, Professional Recovery Consultants (PRC) and Continuum Health Technologies entered into a partnership to improve healthcare claims denial management. This partnership includes the combination of PRC's advanced claims services with Continuum Health Technologies' proprietary software-Patient Estimator and Denial Challenger-which automate follow-ups on active receivables, reduce claim denials, and offer pricing transparency during the claim's lifecycle. The partnership is expected to offer healthcare providers a cost-effective and automatic way of managing the collection process, along with providing pricing transparency to patients and the industry as a whole.

The research also offers a thorough analysis of the key market components, including drivers, challenges, opportunities, restrictions, risks, and micro and macroeconomic factors. The next section, which focuses on industry trends, discusses market drivers and major market trends. The research provides production and capacity analysis that takes into account marketing pricing trends, industry capacity, production, and production value. This study examines the market in addition to its primary geographies, market segments, and recent industry trends. The report's thorough SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis are all meant to assist the reader in deftly developing corporate growth strategies. In order to strengthen their financial position in the industry, established market players can benefit from strategic recommendations.

Major Market Players Profiled in the Report include:
• The SSI Group, Inc.
• Veradigm LLC (AllScripts Healthcare, LLC)
• Experian Health
• R1 RCM Inc
• McKesson Corporation
• athenahealth, Inc.
• Epic Systems Corporation
• NXGN Management, LLC
• CareCloud Corporation
• Quest Diagnostics, Inc.
• Oracle (Cerner Corporation)

Global Revenue Cycle Management Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.

Revenue Cycle Management Product Outlook
• Software
• Services

Revenue Cycle Management Type Outlook
• Integrated
• Standalone

Revenue Cycle Management Delivery Mode Outlook
• Web-based
• Cloud-based
• On-premise

Revenue Cycle Management End-use Outlook
• Physician Back Offices
• Hospitals
• Diagnostic Laboratories
• Other

Revenue Cycle Management Specialty Outlook
• Oncology
• Cardiology
• Anesthesia
• Radiology
• Pathology
• Pain Management
• Emergency Service
• Others

Revenue Cycle Management Sourcing Outlook
• In-house
• External RCM Apps/ Software
• Outsourced RCM Services

Revenue Cycle Management Function Outlook
• Product Development
• Member Engagement
• Network Management
• Care Management
• Claims Management
• Risk & Compliances

Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Revenue Cycle Management market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Revenue Cycle Management market's trajectory between forecast periods.

Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
• Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
• Revenue Cycle Management Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter's five forces, supply chain, and value chain analysis
• Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities

Global Revenue Cycle Management Market Research Report 2023
Chapter 1 Revenue Cycle Management Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Revenue Cycle Management Market Forecast

Direct Purchase this Market Research Report Now @ https://globalmarketvision.com/checkout/?currency=USD&type=single_user_license&report_id=128685

If you have any special requirements, please let us know and we will offer you the report at a customized price.
The final report will add the analysis of the Impact of Covid-19 in this report Revenue Cycle Management Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Revenue Cycle Management Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Revenue Cycle Management Market is analyzed and depicted in the report.

Read More- https://globalmarketvision.com/reports/global-revenue-cycle-management-market/128685

Contact Us
Sarah Ivans | Business Development
Phone: +1 617 297 8902
Email: sales@globalmarketvision.com
Global Market Vision
Website: www.globalmarketvision.com

About Global Market Vision
Global Market Vision a legacy of exceptional knowledge, integrated into providing service offers a one-stop solution that surpasses core research processes & industry standards focusing on the client's competency, strategies, growth factors, and business intelligence by creating an algorithm for meaningful data insights and presentations through a unique blend of vast industry coverage, expertise in every domain, professional work ethics & values, data authenticity & privacy.

This release was published on openPR.