Asia-Pacific revenue cycle management market is growing at a healthy CAGR in the forecast period of 2019 to 2026. The years considered for study are mentioned below.
The revenue cycle management market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to growth in demand for revenue cycle management in various hospital track record application, increase in acceptance of web-based, on-premise, cloud-based, and growth in demand for revenue cycle management. The emerging markets & changing hospital need which offers healthcare benefits is also posing as an opportunity for the market.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In March 2019, Cerner Corporation, planned to further expand into the Alabama rural health care market through a new collaboration with the Escambia County Healthcare Authority. This will cover HER with a digital record of a patient’s health history which includes financial and clinical information.
Quest Diagnostics dominated Asia-Pacific revenue cycle management market and accounts for the highest market share in 2018 which is followed by Cerner Corporation, Allscripts, Navigant Consulting, Inc, Cognizant, Athenahealth, Change Healthcare, eClinicalWorks, Epic Systems Corporation, Experian Information Solutions, Inc, UnitedHealthcare, Siemens., and others.
Quest Diagnostics Incorporated
Quest Diagnostics Incorporated was founded in 1967 and headquartered in New Jersey, U.S. The company is engaged in the development of innovative, ground-breaking tests, products and tools to boost patient care, provide value to their clients and develop information into intelligence and insights. The company has businesses in diagnostic information services (routine clinical testing services, gene-based and esoteric (including advanced diagnostics) testing services, anatomic pathology testing services), and diagnostic solutions. The company has various product categories such as patients, physicians & hospital, companies & organization. The products and services offered by Quest Diagnostics Incorporated in revenue cycle management is Quanum Revenue Cycle Management.
In June 2018, Quest Diagnostics, the world's leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Solutions. This latest release of Quanum Enterprise Content Solutions incorporates has a different capabilities expected to help health systems better capture, store, access, and share and managed content across an enterprise.
It has its global networks through direct sales representatives and distributors in the North America, Asia-Pacific, and Europe. The company has various subsidiaries such as Celera Corporation (U.S.), Dermpath Diagnostics (U.S.), ReproSource, Inc. (U.S.), Quest Diagnostics Nichols Institute (U.S.), Cleveland HeartLab, Inc. (U.S.), and others.
Cerner Corporation Company founded in 1979 and headquartered in Missouri, U.S. The Cerner is a leading supplier of health care information technology ("HCIT") solutions and tech-enabled services. The company has business segment and they are Analytics, Population Health Management, Clinical Solutions, Open & Interoperable, Revenue Cycle Management, and Services & Technology. The Population Health Management segment offers a wide range of products for care management and medical billing. The analytics offers technical, administrative, financial control and reporting systems. The products offered by the segment are provided to hospitals, general physicians, labs, others.
It has its global networks through direct sales representatives and distributors in the North America, Asia-Pacific, Europe, South America and Middle East & Africa. The company has various subsidiaries such as Clairvia Incorporated (U.S.), Cerner MultumInc (U.S.), Cerner Lingologix Inc (U.S.), The Health Exchange, Inc (U.S.), Cerner Health Connections, Inc (U.S.), and others.
Allscripts Company was founded in 1986 and headquartered in Chicago, U.S. The company provides software, services, information and connectivity solutions to physician practices, and others. The company has business segments and they are clinical and financial solutions, population health. The Clinical and Financial Solutions segment offers a wide range of products for track record for financial revenue management. The population health management offers the precision medicine and consumer solutions which is Built on an open integrated platform.
It has its global networks through direct sales representatives and distributors in the North America, Europe, and Asia-Pacific. The company has various subsidiaries such as Extended Care Information Network Inc. (U.S.), Practice Fusion (U.S.), Eclipsys (U.S.), dbMotion (U.S.), CHMB Inc. (U.S.), and among others.
North America Revenue Cycle Management (RCM) Market – Industry Trends and Forecast to 2027
Europe Revenue Cycle Management Market - Industry Trends and Forecast to 2026
Asia-Pacific Revenue Cycle Management Market – Trends and Forecast to 2026