Healthcare RCM Market in US to grow at a CAGR of 12.89% during the period 2017-2020

ALBANY, NY, May 3, 2017 : Healthcare service providers had deployed automated systems to address the RCM processes and to fill the payment gap, resulting from the complex processes of medical billing and collections. IT applications such as hospital information system and EHR have outdated technology platforms that lack the advanced functionalities needed to address RCM issues. The inefficient manner of medical billing and collections resulted in revenue loss for many healthcare organizations. Given the issues pertaining to revenue cycle processes and workflows, hospitals and health systems considered outsourcing their RCM services. This outsourcing of RCM services can ensure maximum collections in the face of growing challenges and reduce the potential revenue leakage for different RCM processes.

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Technavios analysts forecast the healthcare revenue cycle management market in US to grow at a CAGR of 12.89% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the healthcare revenue cycle management market in US for 2016-2020. To calculate the market size, we considered revenues generated from the sale of RCM solutions that include software suits that are stand-alone and integrated solutions and services (consultation, outsourcing, training, and maintenance).

Technavio's report, Healthcare Revenue Cycle Management Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Allscripts
Cerner
GE Healthcare
McKesson
SSI Group

Other prominent vendors
Adreima
Alleviant
Avadyne Health
Cardon Outreach
Health Systems Management Network
MediRevv
Precyse Solutions
Source Medical Solutions
Sutherland Global Services
Syncordia Technologies and Healthcare Solutions
T-System
Xerox

Market driver
Rise in recovery audits due to changing healthcare regulations
For a full, detailed list, view our report

Market challenge
Frequent changes in healthcare compliance requirements
For a full, detailed list, view our report

Market trend
Strong clinical network connectivity with medical practitioners
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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