As per this study the Global Revenue Cycle Management Market was valued USD 275.9 BN (by revenue) in 2022 and is anticipated to reach USD 707.9 BN by 2030 with a CAGR of 12.5%.
Revenue cycle management is a software used for financial processes and medical billing that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. RCM unites business and clinical sides of healthcare by coupling administrative data, such as the patient's general information with the treatment a patient receives and their healthcare data.
Market Dynamics
The growing healthcare expenditure in emerging countries along with growing demand for cloud-based solutions is driving the market growth. Also, increasing technological advancement for workflow optimization is also fuelling market growth. In addition, the increasing adoption of IT in healthcare for generating more revenue and for ensuring efficiency and accuracy are further accelerating the market growth. On the other hand, the high cost associated with the deployment of RCM is expected to hamper market growth in forecast timeframe. Whereas, the increasing focus towards denial management integrated with analytics is expected to offer the opportunity to RCM market in upcoming years.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of revenue cycle management.
Market Segmentation
The broad revenue cycle management market has been sub-grouped into deployment, function and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
By Type
By Delivery Mode
By End-use
By Specialty
By Sourcing
By Function
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for revenue cycle management in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Revenue Cycle Management Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the revenue cycle management market include The SSI Group Inc., Veradigm LLC (AllScripts Healthcare, LLC), Experian Health, R1 RCM Inc, McKesson Corporation, athenahealth Inc, Epic Systems Corporation, NXGN Management LLC, CareCloud Corporation, Quest Diagnostics Inc., Oracle (Cerner Corporation). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . REVENUE CYCLE MANAGEMENT – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Delivery Mode
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Specialty
3.7.6 Market Attractiveness Analysis By Sourcing
3.7.7 Market Attractiveness Analysis By Function
3.7.8 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL REVENUE CYCLE MANAGEMENT MARKET SALES BY PRODUCT
5.1 Overview by Product
5.2 Historical and Forecast Sales Data
5.3 Analysis by Product
5.4 Software Historic and Forecast Sales by Regions
5.5 Services Historic and Forecast Sales by Regions
6 . GLOBAL REVENUE CYCLE MANAGEMENT MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Sales Data
6.3 Analysis by Type
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