Europe Revenue Cycle Management Market, By Product Type (Integrated RCM, Standalone RCM), Deployment (Web-Based, On-Premise, Cloud-Based), Component (Software, Service), Stage (Front Office, Mid Office, Back Office), Function (Claim and Denial Management, Medical Billing and Coding, Electronic Health Record (EHR), Remittance, Patient Insurance Eligibility Check, Clinical Documentation Improvement (CDI), Others), End User (Hospitals, General Physicians, Labs), Country (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey Ukraine & Rest of Europe) Industry Trends and Forecast to 2027
Revenue cycle management market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to grow at a CAGR of 12.55% in the above-mentioned forecast period. The increasing regulatory mandates for the adoption of EHR/EMR drive the revenue cycle management market.
Revenue cycle management is the type of process of managing claims process, payment and revenue generation. It helps a medical practice to escalate their revenue by proper claim management and also helps in improving access management, enhance payer performance and escalating cash collection. It is also helpful in providing real time access to claim management and allows hospitals and companies to manage their work in proper channel during scheduling, registration and payment and claim processing.
The rising government initiatives to boost the adoption of Rcm solutions is the vital factor escalating the market growth, also loss of revenue due to billing errors, increasing process improvements in healthcare organizations, increasing supportive growth through regulatory compliance, rising healthcare spending and hiking demand for cloud-based solutions are the major factors among others driving the revenue cycle management market. Moreover, rising consolidation among vendors for end-to-end solutions, rising demand for cloud-based Rcm solutions and increasing potential Rcm markets for it vendors will further create new opportunities for revenue cycle management market in the forecasted period of 2020-2027.
However, high pricing and costly maintenance of Rcm solutions, rising scarcity of skilled IT professionals and It infrastructural constraints in developing markets are the major factors among others which will obstruct the market growth. The rising integration of Rcm solutions within healthcare organizations and risks associated with data security and privacy will further challenge the growth of revenue cycle management market in the forecast period mentioned above.
This revenue cycle management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on revenue cycle management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Revenue Cycle Management Market Scope and Market Size
Revenue cycle management market is segmented on the basis of product type, deployment, component, stage, function and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the revenue cycle management market is segmented into integrated RCM and standalone RCM.
- Based on deployment, the revenue cycle management market is segmented into web based, on premise and cloud based.
- Based on component, the revenue cycle management market is segmented into software and services.
- Based on stage, the revenue cycle management market is segmented into front office, mid office and back office.
- Based on function, the revenue cycle management market is segmented into claim and denial management, medical billing and coding, electronic health record (EHR), remittance, patient insurance eligibility check, clinical documentation improvement (CDI) and others. Others has been further segmented into scheduling and appointment referral management, and contract management.
- The revenue cycle management market is also segmented on the basis of end-user into hospitals, general physicians and labs.
Revenue Cycle Management Market Country Level Analysis
Revenue cycle management market is analysed and market size insights and trends are provided by country, product type, deployment, component, stage, function and end-user as referenced above.
The countries covered in revenue cycle management market report are Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, Ukraine & Rest of Europe.
The country section of the revenue cycle management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Revenue cycle management market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for revenue cycle management market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the revenue cycle management market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Revenue Cycle Management Market Share Analysis
Revenue cycle management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to revenue cycle management market.
The major players covered in the revenue cycle management market report are Varian Medical Systems, Inc, Mevion Medical Systems., VIEWRAY TECHNOLOGIES, INC., Siemens Healthcare Private Limited, Elekta AB, Accuray Incorporated, IBA Worldwide, Eckert & Ziegler BEBIG, Koninklijke Philips N.V., GE Healthcare, Hitachi, Ltd. and Sumitomo Heavy Industries, Ltd among other domestic players. Market share data is available for Europe only. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Europe Revenue Cycle Management Market
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