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The U.S. Revenue Cycle Management Market Surges to $272.78 Billion by 2030, Multi-Billion Opportunity Projected in the Coming Years - Arizton

03-27-2025 01:24 AM CET | Associations & Organizations

Press release from: ABNewswire

U.S. Revenue Cycle Management Market

U.S. Revenue Cycle Management Market

According to Arizton's latest research report, the U.S. revenue cycle management market [https://www.focusreports.store/report/united-states-revenue-cycle-management-market-report] is growing at a CAGR of 11.55% during 2024-2030.

Looking for More Information? Click: [https://www.focusreports.store/report/united-states-revenue-cycle-management-market-report]

Report Scope:

Market Size (2030): $272.78 Billion

Market Size (2024): $141.61 Billion

CAGR (2024-2030):11.55%

Historic Year:2021-2023

Base Year: 2024

Forecast Year: 2025-2030

Market Segmentation: Component Type, Delivery Mode, Solution Type, Service Type, and End-User

The U.S. Revenue Cycle Management (RCM) market is growing rapidly, driven by the increasing complexities in healthcare billing, evolving regulations, and the rise of high-deductible health plans. The post-cycle segment is seeing strong growth, fueled by rising insurance claim rejections and cash flow challenges. Cloud-based RCM platforms, which provide real-time access and enhance efficiency, are becoming increasingly popular. Integrated solutions are also in high demand, as they help streamline financial workflows. Both the ambulatory care and hospital sectors, which play a crucial role in managing complex billing processes, are expected to see significant growth due to the need for improved payment and reimbursement management.

Cloud-Based RCM: Transforming Healthcare Operations with Flexibility and Efficiency

Cloud-based Revenue Cycle Management (RCM) solutions are gaining momentum as healthcare organizations in the US shift away from on-premises systems. This move is fueled by the cost-effectiveness, scalability, and enhanced security of cloud platforms. Cloud RCM provides flexibility, allowing healthcare organizations, particularly small and medium-sized practices, to scale operations with ease and avoid costly IT infrastructure. The shift to the cloud also improves interoperability, enabling seamless integration with systems like Electronic Health Records (EHRs) and Practice Management Systems (PMS), streamlining workflows, reducing data silos, and boosting overall efficiency in an evolving healthcare landscape.

Post-Cycle: A High-Growth Segment with a 12.05% CAGR

The post-cycle Revenue Cycle Management (RCM) in the US healthcare system has seen significant shifts in 2024, driven by evolving regulations, technological innovations, and financial pressures on providers. Key trends include the increasing use of automation and Artificial Intelligence (AI) to reduce claim denials, enhance reimbursement rates, and alleviate administrative burdens. Smaller practices are outsourcing RCM services to third-party providers for expertise in billing and coding, ensuring compliance, and improving cash flow. Denial management is another focal point, with automated systems leveraging Machine Learning (ML) to quickly resolve issues, improving revenue recovery and minimizing delays in the claims process. Technology is central to optimizing post-cycle RCM, balancing financial performance and compliance.

Key Market Developments and Activities in the US Revenue Cycle Management Market

The US revenue cycle management (RCM) market features a competitive landscape with both established corporations and emerging players. Dominant companies like Change Healthcare, Oracle, Epic Systems Corp, Experian, R1 RCM, McKesson Corp, Veradigm, and SSI Group lead the market, benefiting from strong product portfolios. Emerging players such as Akasa, Carecloud, Access Healthcare, and Bizmatics are focusing on launching new products to increase their market share. In 2024, CorroHealth, a leading healthcare technology and RCM company, strengthened its position by acquiring Xtend Healthcare's RCM business from Navient, solidifying its leadership in RCM consultancy and technology.

Recent Vendor Activities

* In 2024, leading healthcare technology and RCM company CorroHealth completed the acquisition of Xtend Healthcare's revenue cycle management business from Navient, further strengthening its position as a leader in revenue cycle management consultancy and technology.
* In August 2024, R1 RCM announced its acquisition agreement with private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice in a deal valued at $8.9 billion. The transaction is anticipated to be finalized by the end of 2024.

Market Trends & Drivers in Revenue Cycle Management (RCM)

Shift from Computer-Assisted Coding (CAC) to Autonomous Coding The healthcare industry is increasingly moving from Computer-Assisted Coding (CAC) to Autonomous Coding, driven by advancements in AI and machine learning. Autonomous coding fully automates the process, reducing human involvement and addressing issues like human error and fatigue. This shift aims to enhance efficiency, accuracy, and cost-effectiveness in medical coding. Studies, including a 2023 Frost & Sullivan report, show that over 30% of healthcare organizations are adopting autonomous coding solutions, with systems reducing coding time by up to 50% while improving accuracy. Autonomous coding is set to revolutionize RCM, increasing operational efficiency and revenue collection.

Increasing Adoption of Third-party Managed RCM Solutions The growing financial pressures, regulatory challenges, and shift to value-based care have led to the increasing adoption of third-party managed RCM solutions in the US healthcare market. Outsourcing RCM helps providers streamline operations, improve cash flow, and reduce costs. A 2023 Healthcare IT News survey found that 40% of healthcare providers outsource RCM functions to avoid in-house team costs. Third-party vendors bring specialized expertise in billing, coding, and collections, along with advanced technologies like automation and AI. This trend, highlighted by a KPMG report, reflects the preference for cost-effective solutions that optimize revenue cycles while enabling providers to focus on clinical excellence.

Key Vendors

* Change Healthcare
* Epic Systems Corporation
* Experian
* McKesson Corporation
* Oracle
* R1 RCM
* Veradigm
* SSI Group
* Abax Health
* Access Healthcare
* Acrologic Business Solutions
* AdvancedMD
* Advantum Health
* AdvantEdge Healthcare Solutions
* AKASA
* Bellmedex
* Bizmatics
* Cantata Health Solutions
* CareCloud
* Cognizant
* Cosentus
* Coronis Health
* The Craneware Group
* CorroHealth
* CureMD Healthcare
* Data Marshall
* DrChrono
* EHealthSource
* Greenway Health
* Qualifacts
* IntelliRCM
* Tebra
* Medical Billers and Coders
* MGSI
* MRO Corp
* NextGen Healthcare
* OSP
* Persistent Systems
* PMMC
* Promantra
* Quadax
* QWay Healthcare
* Rectangle Health
* ReMedics
* Revele
* RevenueXL
* Right Medical Billing
* Serbin Medical Billing
* SHOAR
* Synergen Health
* Rectangle Health
* Unified Health Services
* Vee Technologies
* Ventra Health
* Waystar

Segmentation & Forecast

Component Type

* Post-cycle
* Pre-cycle
* Mid-cycle

Delivery Mode

* Cloud-based
* On-premises

Solution Type

* Integrated
* Standalone

Service Type

* Ambulatory Care
* Acute Care
* Post Acute Care

End-User

* Hospitals
* Physician Offices
* Others

What Key Findings Our Research Analysis Reveals?

How big is the U.S. revenue cycle management market?

What is the growth rate of the U.S. revenue cycle management market?

What are the latest trends in the US revenue cycle management market?

Which component has the largest share of the US revenue cycle management market?

Who are the key players in the U.S. revenue cycle management market?

The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the U.S. revenue cycle management market. Request for Free Sample to get a glance of the report now: [https://www.focusreports.store/report/united-states-revenue-cycle-management-market-report]

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About Us:

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-us-revenue-cycle-management-market-surges-to-27278-billion-by-2030-multibillion-opportunity-projected-in-the-coming-years-arizton]
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Website: https://www.focusreports.store/report/united-states-revenue-cycle-management-market-report

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