Revenue Cycle Management Market

18 May

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Revenue Cycle Management Market Poised to Grow at a CAGR of 11.7% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Revenue Cycle Management Market. The report presents analysis of global as well as regional markets of revenue cycle management market over the period of 2016 to 2024. Global revenue cycle management market is showing a positive trend of development around the globe. There are many factors which are indicating a positive outlook of market for medium and long term. The growth of the RCM market is majorly driven by growing support from regulatory compliance, increasing healthcare spending, growing demand for cloud-based solutions, and increasing market for outsourced RCM solutions. In addition, growth in healthcare expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced healthcare systems, thereby driving the RCM market growth. Additionally, mouth publicity of advantages any organization got after implementation of revenue cycle management, such as increase in revenue generation, better efficiency in healthcare practices, easier compliance with industry norms and regulations, and greater accuracy and easier access to healthcare IT systems are driving the growth of this market globally.


On the basis of region, revenue cycle management market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is leading player in this market globally, due to it is the house of several RCM service providers companies, and favorable regulatory compliance, support from insurance companies and consumers are helping to grow this market in this region. Asia Pacific region is growing at a highest CAGR due to decreasing reimbursements in the healthcare industry, regulatory mandates for the adoption of electronic health and medical records, government initiatives to boost the adoption of RCM solutions, loss of revenue due to billing errors, and process improvements in healthcare organizations. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global revenue cycle management market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


Get 15% discount for early purchase of global revenue cycle management market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1540

 

The recent report identified that North America dominated the global revenue cycle management market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the revenue cycle management market worldwide.

 

The report segments the global revenue cycle management market on the basis of Product, Deployment, Function and End-use.

 

Global Revenue Cycle Management Market by Product

·          Integrated Solutions 

·          Standalone Solutions

 

Global Revenue Cycle Management Market by Deployment

·         Web-Based 

·          On-Premise 

·          Cloud-Based

 

Global Revenue Cycle Management Market by Function

·          Claims & Denial Management 

·          Medical Coding & Billing 

·          Patient Insurance Eligibility Verification 

·         Payment Remittance 

·          Electronic Health Record (EHR) 

·          Clinical Documentation Improvement (CDI) 

·          Other Functions

 

Global Revenue Cycle Management Market by End-use

·          Physician Clinics

·          Hospitals 

·          Laboratories 

·         Others

 

Companies Profiled in the Report

·         Gebbs Healthcare Solutions 

·          EPIC Systems 

·         Conifer Health Solutions 

·         Eclinicalworks 

·         GE Healthcare 

·         Athenahealth 

·         Allscripts Healthcare Solutions 

·          Quest Diagnostics 

·         Mckesson 

·          Cerner 

 

About Infinium Global Research

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