Revenue Cycle Management (RCM) Market to Witness Growth Due to Improvement in Healthcare Organizations

Revenue Cycle Management (RCM) Market is forecasted to grow at 12.5% for 2019 to 2026 to an estimated value of USD 75.69 billion by 2026 with factors such high maintenance cost and infrastructural limitations hampering the market growth.

Revenue cycle management (RCM) market has shown a significant adoption rate and preferences from the North American region with countries such as U.S. and Canada. Availability of various hospitals & health system and favorable regulations is expected to enhance the market growth in the region.

Revenue Cycle Management (RCM) Market Scenario

According to Data Bridge Market Research the revenue cycle management (RCM) market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing government initiatives to enhance the usage of RCM solutions, improvement in healthcare organizations and increasing revenue loss due to billing errors.

Now the question is which are the regions that behavior revenue cycle management (RCM) market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

Revenue cycle management (RCM) market is becoming more competitive every year with web based currently being the largest market deployment type for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the revenue cycle management (RCM) market.

For more analysis on the revenue cycle management (RCM) market, request for a briefing with our analysts

Revenue Cycle Management (RCM) Market Development

Cognizant announced the acquisition of Bolder Healthcare Solutions in March 2018.This acquisition will help the company to enhance their healthcare consulting and IT and business process services to hospitals, physician practices and specialty care. This will allow them to strengthen their market position and enhance their global reach.

Scope of the Revenue Cycle Management (RCM) Market

Revenue cycle management (RCM) on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

  • All country based analysis of revenue cycle management (RCM) market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into integrated RCM and standalone RCM. Based on stage, the market is segmented into front office, mid office, and back office. The function segment is divided into hospitals, general physicians, labs, and others. Deployment segment is divided into web-based, on premise, and cloud-based. Component segment is divided into software and services.
  • Revenue Cycle Management (RCM) is the financial mechanism that uses medical billing software to monitor episodes of patient care from the enrollment and consultation schedule to the final balance payment. The RCM process allows healthcare facilities to maximize revenue by handling claims. It also has the ability to improve the quality of information and maintains patients’ bills and reimbursement claims.

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Key Pointers Covered in the Revenue Cycle Management (RCM) Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • All scripts Healthcare Solutions, Inc.
  • athenahealth, Inc.
  • CareCloud Corporation
  • Cerner Corporation
  • Conifer Health Solutions LLC
  • eClinicalWorks
  • Epic Systems Corporation
  • Experian Information Solutions, Inc
  • GeBBS Healthcare Solutions
  • McKesson Corporation
  • NXGN Management, LLC.
  • nThrive, Inc.
  • Quest Diagnostics Incorporated
  • SSI Group, LLC

Above are the key players covered in the report, to know about more and exhaustive list of revenue cycle management (RCM) companies, contact us

Research Methodology: Global Revenue Cycle Management (RCM) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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