The World Healthcare Revenue Cycle Management Market Manufacturers by Revenue, Share, Demand and Forecasts Till 2027

The Global Healthcare Revenue Cycle Management (HRCM) Market owing to the high healthcare revenue, developed technology, adoption of the better management services and the presence of the leading players. North America holds the largest market share in the American healthcare revenue cycle management (HRCM) market.

The World Healthcare Revenue Cycle Management Market treading along an impressive growth path and has entered the ranks of some of the world's leading industries with massive growth prospects in the near future. With applications across the fields of robotics, Internet-of-things, and automation rising at an encouraging pace, the industry is expected to continue its bullish run in the next few years as well, impacting the growth prospects of a number of niche markets it caters to.

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The Healthcare Revenue Cycle Management Market research report explores the market by major key players as Epic Systems Corporation (US), McKesson Corporation (US), Cerner Corporation (US), General Electric Company (US), Allscripts (US), Quest Diagnostic (US), Siemens Healthcare (Germany), AdvantEdge Healthcare Solutions (US), CareCloud (US), Acelerartech (US) and 3M (US). The Healthcare Revenue Cycle Management (HRCM) is software, which manages organization claims processing, payment and revenue generation.

According to the U.S. Census Bureau, in 2015, total hospital care expenditure was USD 831.5 billion. In addition to this, according to the Centers for Medicare & Medicaid Services, in 2014, recovery auditors identified and corrected USD 2.39 billion as overpayment and USD 173.1 million as underpayment.

Integrated care or integrated health is a concept of bringing inputs, delivery, management and organization of services related to diagnosis, treatment, care, rehabilitation and health promotion. Rising healthcare spending has led to an increase in the use of the software, ultimately driving the market’s growth. Moreover, increasing pressure to curb the surmounting healthcare cost, developing healthcare technology and inclination towards integrated healthcare system will also fuel the market’s growth over the forecasted period. However, to operate the RCM software, the staff of the hospital/organization has to coordinate properly. RCM is like a supply chain, if one person does incorrect work, it affects the total outcome. Dearth of well-trained professionals to handle RCM processes, infrastructural loop holes in emerging markets and high cost of deployment may slow the growth of the market.

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Europe is the second largest market of the healthcare revenue cycle management (HRCM), which is followed by Asia Pacific. The presence of well-developed healthcare sector and high healthcare revenue, the healthcare revenue cycle management (HRCM) market in Europe is growing at a CAGR of 12.4%. Asia Pacific is also witnessing a rapid growth in this market due to rapidly increasing awareness regarding the software & services available, increasing patient inflow and rising healthcare expenditure. The Middle East & Africa is expected to experience limited growth. The Middle East is dominating this market by holding the major share of the Middle East & African market owing to the well-developed technology and healthcare sector.

The major role of the software is managing patient revenue cycle of hospital or other healthcare organizations. During the last decade, RCM has got huge attention. Increasing recovery audits, changing government regulations, increasing healthcare revenue and increasing adoption of the RCM software by healthcare organization and growing number of hospital & healthcare services drive the market growth.

Major TOC Healthcare Revenue Cycle Management Market:

1 REPORT PROLOGUE

2 INTRODUCTIONS

1 REPORT PROLOGUE

2 INTRODUCTIONS

2.1 SCOPE OF STUDY

2.2 RESEARCH OBJECTIVE

2.3 ASSUMPTIONS & LIMITATIONS

2.3.1 ASSUMPTIONS

2.3.2 LIMITATIONS

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGIES

…Continued

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