Press release
Healthcare RCM Outsourcing Market: Projections, Key Drivers and Trends from 2024 to 2029
Increasing Demand for n Specialized Services in Healthcare RCM Outsourcing Driving Global Market GrowthWhat Is The Projected Market Size Of The Global Healthcare RCM Outsourcing Market And Its Growth Rate?
• From $30.52 billion in 2024, the healthcare RCM outsourcing market is projected to grow to $34.67 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%.
• The market is expected to see a further significant increase to $67.35 billion by 2029 with a CAGR of 18.1%.
• The growth can be attributed to several factors such as demand for specialized services, cost containment, and focus on revenue optimization, efficiency and process streamlining, industry consolidation, and increasing healthcare expenditures.
What Is Driving The Growth In The Healthcare RCM Outsourcing Market?
The projected growth in the healthcare RCM outsourcing market can be attributed to the significant increase in healthcare expenditure. The increasing spending on public health, direct expenses on new testing and tracing systems, and indirect pandemic costs have driven up the overall health expenditure. This has lead to a surge in demand for healthcare RCM outsourcing services. As a result, providers are able to maximize their revenue while efficiently managing administrative and other clinical-related activities. For instance, healthcare expenditure in the UK reached approximately $354.88 billion in 2022, according to the Office for National Statistics.
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Who Are the Key Players Driving Healthcare RCM Outsourcing Market Growth?
• Conifer Health Solutions Inc.
• R1 Revenue Cycle Management Inc.
• McKesson Corporation
• Parallon Business Solutions LLC
• The SSI Group Inc.
• Cerner Corporation
• Cognizant Technology Solutions Corporation
• Optum360 Inc.
• Greenway Health LLC
• Medvertex Inc.
• IBM Corporation
• MediRevv Inc.
• Drchrono Inc.
• Pulse Systems Inc.
• edgeMED Healthcare GmbH
• Connvertex Technologies Inc.
• Meridian Management Group Inc.
• Bolder Healthcare Solutions LLC
• Pyramid Healthcare Solutions Inc.
• Navigant Healthcare LLC
• Cymetrix Corporation
• BancTe Inc.
• Etransmedia Technology Inc.
• CCS Revenue Cycle Management LLC
• MediGain Inc.
• CareCloud Inc.
• Change Healthcare Inc.
What Are The Key Trends In The Healthcare RCM Outsourcing Market?
• Increasing complexity in healthcare billing
• Industry-wide focus on cost reduction
• Regulatory changes and compliance
• Shift towards value-based care
• Provider focus on core competencies
What Are The Segments Of The Global Healthcare RCM Outsourcing Market?
• By Type: Pre-intervention, Intervention, Post-intervention
• By Service: Back-end, Middle, Front-end
• By End User: Clinics, Hospitals, Ambulatory Surgery Centers, Other End Users
Which Region Leads The Healthcare RCM Outsourcing Market?
North America held the largest market share for healthcare RCM outsourcing in 2024. The market growth across regions like Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa will also be significant in the period of forecast.
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What Is Covered In The Healthcare RCM Outsourcing Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare RCM Outsourcing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare RCM Outsourcing Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare RCM Outsourcing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare RCM Outsourcing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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