Europe Revenue Cycle Management Market - Industry Trends and Forecast to 2026

  • Healthcare IT
  • Published Report
  • Apr 2019
  • Europe
  • 123 Pages
  • No of Tables: 26
  • No of Figures: 69

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 (Scheduling & Appointment Referral Management, and Contract Management), End User (Hospitals, General Physicians, Labs), Country (Germany, France, Italy, Spain, U.K., Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe) - Industry Trends and Forecast to 2026

Revenue cycle management (RCM) in healthcare is the software or tool which is administered for financial transactions resulting from the medical encounters between a patient and the care provider usually healthcare organization. The hospitals and clinics are the place where treating patients with utter care is the primary job. But in recent times, due to increasing patient pool it is almost impossible to keep manual records of all the patients. Also, due to digitalization in healthcare the revenue cycle management software were developed. Hospital billing processes are crucial for management of hospitals. Any mistake in financial and claim calculation would lead to billing errors which leads to costly financial losses to the organization.

Europe revenue cycle management market is expected to register a healthy CAGR of 12.6% in the forecast period of 2019 to 2026.

Segmentation: Europe Revenue Cycle Management Market

Europe revenue cycle management market is segmented based on product type, deployment, Function, component, stage and end user.

  • On the basis of product type, the market is segmented into integrated RCM and standalone RCM. In 2019, integrated RCM segment is expected to dominate the Europe revenue cycle management market.
    • In February 2018, XIFIN and Siemens Healthineers (Germany) announced the partnership to help laboratories maximize reimbursement. This partnership is enhancing the innovation based solution that will improve the company growth rate by offering cloud based RCM solution which will maximize the efficiency and improve the cash collection hence delivering authentic business intelligence

  • On the basis of stage, the market is segmented into front office, mid office and back office. In 2019, integrated RCM segment is expected to dominate the Europe revenue cycle management market.
    • In April 2017, Experian Health announced the launch of Patient Schedule which is an innovative solution which allows real time integration across the organization to streamline a patients self-service appointment scheduling.

  • On the basis of component, the market is segmented into software and services. In 2019, front office segment is expected to dominate the market Europe revenue cycle management market.

    • In June 2016, Experian Health announced the launch of its new product Coverage Discovery which is an on demand tool in integration with Epic’s EMR environment. This tool enables Experian Health clients to reclassify the uncompensated care for altering the patients care across the government and commercial payers by the use of advanced analytics.

  • On the basis of deployment, the market is segmented into web based, on premise and cloud based. In 2019, cloud based segment is expected to dominate the Europe revenue cycle management market.

    • In October 2018, eClinicalWorks, a market leader in ambulatory clinical systems, announced eClinicalWorks Revenue Cycle Management (RCM) to aid medical practices in optimizing billing. This includes the complete electronic health records (EHR) suite by eClinicalWorks, on-site training as well as on support.

  • On the basis of function, the market is segmented into claim and denial management, medical billing and coding, electronic health record (EHR), payment remittance, patient insurance eligibility check, clinical documentation improvement (CDI), others (scheduling & appointment, referral management, and contract management). In 2019, claim and denial management segment is expected to dominate the Europe revenue cycle management market.

    • In March 2018, Cognizant announced the acquisition of Bolder Healthcare Solutions (U.S.) RCM software which automate and integrate medical and administrative data ensuring benefits for accurate billing and collections enhancing the company growth rate.

  • On the basis of end user, the market is segmented into hospitals, general physicians and labs. In 2019, hospitals segment is expected to dominate the Europe revenue cycle management market.

    • In May 2017, Change Healthcare announced that it has been selected by LabPharm Hospital Management Services (HMS) (U.S.). Their RCM services supported national network of hospitals and independent laboratories.

Competitive Analysis: Europe Revenue Cycle Management Market

Some of the major players operating in this market are Quest Diagnostics Incorporated, Cerner Corporation, Allscripts, Navigant Consulting, Inc., Cognizant, McKesson Corporation, Inc., Change Healthcare, eClinicalWorks, Epic Systems Corporation, Experian Information Solutions, Inc., UnitedHealthcare, Siemens.

Product Launch

  • In June 2018, Quest Diagnostics, the world's leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Management Solution. 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 manage content across an enterprise.
  • 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 EHR with a digital record of a patient’s health history which includes financial and clinical information.
  • In January 2016, Navigant announced the acquisition McKinnis Consulting Services (U.S.) which provides revenue cycle assessment, strategy, and optimization assistance for healthcare providers. This acquisition helps Navigant to expand healthcare revenue cycle management capabilities.
  • In October 2018, eClinicalWorks, a market leader in ambulatory clinical systems, announced eClinicalWorks Revenue Cycle Management (RCM) to aid medical practices in optimizing billing. This includes the complete electronic health records (EHR) suite by eClinicalWorks, on-site training as well as on support.
  • In April 2017, Experian Health announced the launch of Patient Schedule which is an innovative solution which allows real time integration across the organization to streamline a patients self-service appointment scheduling. This product was launched in collaboration with MyHealthDirect.
  • In June 2016, Experian Health announced the launch of its new product Coverage Discovery which is an on demand tool in integration with Epic’s EMR environment. This tool enables Experian Health clients to reclassify the uncompensated care for altering the patients care across the government and commercial payers by the use of advanced analytics.

Research Methodology: Europe Revenue Cycle Management Market

Primary Respondents: Key Opinion Leaders (KOL’s): Manufacturer, Healthcare Professionals, Industrialist, Distributors and suppliers. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers.


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LIST OF TABLES EUROPE REVENUE CYCLE MANAGEMENT (RCM) MARKET

TABLE 1 EUROPEAN HEALTH CLAIMS (2008-2017) TABLE 2 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 3 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 4 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026 (USD MILLION) TABLE 5 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY STAGE , 2017-2026 (USD MILLION) TABLE 6 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026 (USD MILLION) TABLE 7 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026 (USD MILLION) TABLE 8 EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY COUNTRY, 2017-2026 (USD MILLION) TABLE 9 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 10 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 11 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 12 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 13 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 14 GERMANY REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 15 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 16 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 17 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 18 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 19 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 20 FRANCE REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 21 U.K. REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 22 U.K. REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 23 U.K. REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 24 U.K. REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 25 U.K REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 26 U.K. REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 27 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 28 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 29 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 30 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 31 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 32 ITALY REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 33 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 34 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 35 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 36 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 37 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 38 SWITZERLAND REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 39 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 40 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 41 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 42 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 43 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 44 SPAIN REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 45 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 46 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 47 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 48 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 49 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 50 NETHERLANDS REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 51 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 52 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 53 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 54 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 55 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 56 BELGIUM REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 57 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 58 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 59 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 60 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 61 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 62 TURKEY REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 63 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION) TABLE 64 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT, 2017-2026 (USD MILLION) TABLE 65 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT, 2017-2026, (USD MILLION) TABLE 66 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY STAGE, 2017-2026, (USD MILLION) TABLE 67 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY FUNCTION, 2017-2026, (USD MILLION) TABLE 68 RUSSIA REVENUE CYCLE MANAGEMENT MARKET, BY END USER, 2017-2026, (USD MILLION) TABLE 69 REST OF EUROPE REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE, 2017-2026 (USD MILLION)
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