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Global Revenue Cycle Management Market Is Thriving Worldwide | Leading Key players GE Healthcare, DrChrono, Athenahealth, etc.

Industry Research Report On Global Revenue Cycle Management Market – Quantitative And Qualitative Analysis

The latest research report on Global Revenue Cycle Management Market was conducted across a variety of industries in various regions to provide a report that has data surpassing 100+ pages. The report offers a mixture of qualitative and quantifiable information focusing on aspects such as key market developments, industry and competitors’ challenges in gap analysis and new opportunities in the Revenue Cycle Management market. Various leaders along with players that are emerging, have been profiled in this report such as GE Healthcare, DrChrono, Athenahealth, Healthcare Resource Group, AdvantagEdge, McKesson, Conifer Health Solutions, Change Healthcare, MedAssist, Experian Health, Convergent, NextGen Healthcare, NueMD, Ontario Systems that are a major part of the industry.

The unique point that this report includes, is that it contains details about the import and export policies that can have an immediate impact on the global Revenue Cycle Management market. In addition, this study includes EX-IM * related chapters for all relevant companies dealing with the Revenue Cycle Management market and related profiles and provides valuable data in terms of finances, product portfolio, investment planning and marketing and business strategy. Related graphs and tables of key industry data is available through purchase of this report.

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This Free report sample includes:
• A brief introduction to the research report.
• Graphical introduction of the regional analysis.
• Top players in the market with their revenue analysis.
• Selected illustrations of market insights and trends.
• Example pages from the report.

North America accounted for the largest share in the Revenue Cycle Management market in 2020 owing to the increasing collaboration activities by key players over the forecast period

Market Segmentation: Global Revenue Cycle Management Market

– The market is based on type, application, and geographical segments.
– Based on type, the market is segmented into On-premise, Cloud Based.
– Based on application, the market is segmented into Clinical, Operations, Pharmacy and Other .

Quantifiable data:

• Market Data Breakdown by Key Geography, Type & Application / End-User
• By type (past and forecast)
• Revenue Cycle Management Market-Specific Applications Sales and Growth Rates (Historical & Forecast)
• Revenue Cycle Management revenue and growth rate by market (history and forecast)
• Revenue Cycle Management market size and growth rate, application and type (past and forecast)
• Sales revenue, volume and Y-O-Y growth rate (base year) of Revenue Cycle Management market

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Revenue Cycle Management Market
Revenue Cycle Management Market

Key Research: Industry experts from the global Revenue Cycle Management industry, including management organizations, processing organizations, and analytical services providers that address the value chain of industry organizations, were the main source of collection of data. To collect and certify qualitative and quantitative information and to determine future prospects, we interviewed all major sources.

Secondary Research: Critical information about the industrial value chain, core pool of people, and applications, was the primary focus of secondary research. Market segmentation based on the industry’s lowest level of industry, geographical markets and key developments in market and technology-driven core development, has also been done to provide a detailed picture of the current market situation.

Qualitative data: Includes factors affecting or influencing market dynamics and market growth. To list some names in related sections

• Industry overview
• Global Revenue Cycle Management market growth driver
• Global Revenue Cycle Management market trend
• Incarceration
• Revenue Cycle Management Market Opportunity
• Market entropy ** [specially designed to emphasize market aggressiveness]
• Fungal analysis
• Porter Five Army Model

Customized specific regional and country-level reports for the following areas.

North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

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** The market is evaluated based on the weighted average selling price (WASP) and includes the taxes applicable to the manufacturer. All currency conversions used in the creation of this report were calculated using a certain annual average rate of 2020 currency conversion.

Providing separate section of covid-19 crisis which consists:

Description: This section sums up entire research study along with volume forecasts and CAGR value.
Major Segments: This segment provide information about leading segments with important factors like growth potential and share.
Leading Regions: In depth study of major regions in covid-19 pandemic and countries overall growth during this crisis.
Competitors profiling: Accurate study of competitive landscape in affected regions and other studies.
Dynamics: Aspects such as market constraints, prospective supply and demand, barriers, opportunities, etc. of the Revenue Cycle Management market report would be available within the report.

Some of the Points cover in Global Revenue Cycle Management Market Research Report is:

Chapter 1: Overview of Global Revenue Cycle Management Market (2014-2026)

• Definition
• Specifications
• Classification
• Applications
• Regions

Chapter 2: Market Competition by Players/Suppliers 2014 and 2018

• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region (2014-2018)

• Sales
• Revenue and market share

Chapter 4, 5 and 6: Global Revenue Cycle Management Market by Type, Application & Players/Suppliers Profiles (2014-2018)

• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information

Continued……..

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Market Reports News

IMPACT OF COVID-19 on Revenue Cycle Management Market 2020 Growth of CAGR with Focusing Key players like – GE Healthcare, Change Healthcare, Healthcare Resource Group, DrChrono, Conifer Health Solutions, Athenahealth, Experian Health

Overview Of Revenue Cycle Management Industry 2020-2028:

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The Revenue Cycle Management Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Revenue Cycle Management Market competition by top manufacturers as follow: GE Healthcare, Change Healthcare, Healthcare Resource Group, DrChrono, Conifer Health Solutions, Athenahealth, Experian Health, McKesson, AdvantagEdge, MedAssist, Convergent, Ontario Systems, NextGen Healthcare, NueMD

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The global Revenue Cycle Management market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are:

On-premise
Cloud Based

Market Segment by Applications, covers:

Clinical
Operations
Pharmacy
Other

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

  • Global Revenue Cycle Management Market summary
  • Economic Impact on the Industry
  • Market Competition in terms of Manufacturers
  • Production, Revenue (Value) by geographical segmentation
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Cost Investigation
  • Industrial Chain, Raw material sourcing strategy and Downstream Buyers
  • Marketing Strategy comprehension, Distributors and Traders
  • Study on Market Research Factors
  • Global Revenue Cycle Management Market Forecast

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The analysis objectives of the report are:

  • To know the Global Revenue Cycle Management Market size by pinpointing its sub-segments.
  • To study the important players and analyse their growth plans.
  • To analyse the amount and value of the Global Revenue Cycle ManagementMarket, depending on key regions
  • To analyse the Global Revenue Cycle Management Market concerning growth trends, prospects and also their participation in the entire sector.
  • To examine the Global Revenue Cycle Management Market size (volume & value) from the company, essential regions/countries, products and application, background information.
  • Primary worldwide Global Revenue Cycle Management Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
  • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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Analysis Forecast Market Price Analysis Market Reports Market Size Market Study

Global revenue cycle management (RCM) market size was USD 86,811.4 Million in 2018 and is projected to reach USD 216,990.6 Million by 2026, exhibiting a CAGR of 12.4% in the forecast period (2019-2026)

Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Revenue Cycle Management market.

Trusted Business Insights presents an updated and Latest Study on Revenue Cycle Management Market 2019-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Revenue Cycle Management market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Get Sample Copy of this Report @ Revenue Cycle Management (RCM) Market Size, Share and Industry Analysis By Structure (In-house Outsource) By Function (Claims & Denial Management, Medical Coding & Billing, Clinical Documentation Improvement (CDI), Insurance, Others) By Type (Software, Services) and Regional Forecast, 2020 – 2029 (Includes COVID-19 Business Impact)

The global revenue cycle management (RCM) market size was USD 86,811.4 Million in 2018 and is projected to reach USD 216,990.6 Million by 2026, exhibiting a CAGR of 12.4% in the forecast period (2019-2026)

We have updated Revenue Cycle Management Market with respect to COVID-19 Impact.
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Todays health systems are facing drastic challenges such as increasing complexity, rising treatment costs, and growing patient consumerism, among others. These market dynamics are placing enormous stress on large hospitals and clinics, driving them to transform into revenue cycle management (RCM) operations. Revenue cycle management is defined as a process that hospital designs and implements to maximize both – the amount of patient revenue and speed of patient revenue collection. It is becoming extremely difficult for the RCM providers today to introduce efficiencies into their systems. Hence, Revenue cycle management is in a state of rapid transition globally promoted by a shift towards minimizing complexity, need for systematic revenue management and increasing patient pool.

“”Shift towards revenue cycle management outsourcing, to tremendously drive the global market growth””
Revenue cycle management by hospitals and clinics are managed by revenue cycle management software solutions provided by revenue cycle management (RCM) software providers. Increasing patient admissions in the hospitals and the complexity of revenue cycle management procedures are forcing the hospitals to outsource the revenue cycle management process.

The outsource segment in the global revenue cycle management market is expected to witness a higher CAGR during the forecast period. This shift from in-house revenue cycle management to outsourcing is anticipated to tremendously drive the RCM market growth. Additionally, developing market expansion, technological advances and rising labor costs are further expected to drive the demand for revenue cycle management during the forecast period. Due to cost and man-power constraints, healthcare providers are now outsourcing RCM. Offshoring RCM can bring in significant value to a provider by reducing cost and improving collection.
Market Segmentation

Based on the structure, the revenue cycle management market segments include in-house and outsource. The in-house segment dominated the global market in 2018. The outsourcing segment is anticipated to witness a higher CAGR owing to the shift of hospitals from in-house RCM to outsource RCM. Based on function, the global market segments include claims & denial management, medical coding & billing, clinical documentation improvement (CDI), insurance and others.

Claims and denial management dominated the global market in 2018 and is expected to dominate throughout the forecast period (2019-2026). Based on type, the market segments include software and services. The services segment is set to witness a higher CAGR owing to adoption and need of RCM services for systematic management of the revenue generated by the hospitals and healthcare organizations.

Regional Analysis

“”The increasing patient population in Asia Pacific, to fuel the revenue cycle management market growth””
Presence of major players, the trend of outsourcing, and higher insurance coverage is anticipated to contribute to the higher market potential of North America. Currently, North America dominates the market in terms of revenue and is expected to dominate during the forecast period. The market in Europe accounts for a significant growth owing to the adoption of revenue cycle management, rising outsourcing trend and increasing services of revenue cycle management provided by the companies.
North America Revenue Cycle Management (RCM) Market Size, 2018

Moreover, Asia Pacific is expected to register a significantly higher CAGR during the forecast period owing to the increasing patient population, higher penetration of revenue cycle management in the regions and rising revenue cycle management service start-ups. Countries such as China and India registered a higher CAGR owing to huge market potential and improved adoption of RCM services and software. The regions of Latin America and Middle East & Africa are also anticipated to reach significant revenue by 2026, owing to penetration of revenue cycle management players and emergence of software & services companies in the regions.
Key Market Players

“”R R1 RCM Inc. to Lead the Global Market Backed by the Production of Technologically Advanced Service””
R1 RCM Inc. is the leading player among others in providing revenue cycle services and physician advisory services to healthcare providers. R1 RCM provides end-to-end revenue cycle management service that focuses on efficiency, production, and budget needs within an organization.

The R1 RCM looks into patient access, denial management, medical coding & billing, and patient pay/pre-collect. This technology-enabled efficient service helps the healthcare organizations to maintain and achieve their revenue goals. Other prominent players operating in the market are GeBBS Healthcare Solutions, Cerner, Allscripts Healthcare, LLC, Conifer Health Solutions, LLC., Epic Systems Corporation, eClinicalWorks, GENERAL ELECTRIC, athenahealth, Inc., McKesson Corporation and others.

List of Companies Profiled

  • R1 RCM Inc.
  • GeBBS Healthcare Solutions
  • Cerner
  • Allscripts Healthcare, LLC
  • Conifer Health Solutions, LLC.
  • Epic Systems Corporation
  • eClinicalWorks
  • GENERAL ELECTRIC
  • athenahealth, Inc.
  • McKesson Corporation
  • Others

Report Coverage

Revenue cycle management has become the utmost need of the hour for healthcare organizations to effectively manage the return of investment through treatment delivery. Revenue cycle management offers advanced software and technologically developed services to healthcare organizations. The complexity of the process has forced the hospitals to outsource the revenue cycle management process. This, in turn, is expected to drive the revenue cycle management industry in the forecast period owing to adoption of the process and development of software.
The report provides qualitative and quantitative insights on the revenue cycle management industry trends and detailed analysis of market size and growth rate for all possible segments in the market. The market segment includes structure, function, type, and geography. Based on structure, the revenue cycle management market segments include in-house and outsource.

In terms of function, the global market segments include claims & denial management, medical coding & billing, clinical documentation improvement (CDI), insurance and others. Based on type, the global revenue cycle management market segments include software and services. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regions are further categorized into countries.

Along with this, the report analysis includes the revenue cycle management market dynamics and competitive landscape. Various key insights provided in the report are the statistical overview of hospital admissions – For key countries, 2018, Key start-ups with their funding overview, new product launch, technological advancements, regulatory scenario for key countries, recent industry developments such as mergers & acquisitions, and others.

Segmentation

 By Structure

  • In-house
  • Outsource

 By Function

  • Claims & Denial Management
  • Medical Coding & Billing
  • Clinical Documentation Improvement (CDI)
  • Insurance
  • Others

By Type

  • Software
  • Services

 By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Key Industry Developments

In June 2019, Homecare Homebase, LLC. announced the launch of revenue cycle management (RCM) service to eliminate the burden associated with revenue generation.

In March 2019, Apprio, Inc. launched revenue cycle management division APPRIOHEALTH. The business will deliver services and advanced technology solutions for healthcare organizations revenue cycle management (RCM) needs.

In February 2018, eClinicalWorks launched cloud-based platform for revenue cycle management (RCM).

 

Looking for more? Check out our repository for all available reports on Revenue Cycle Management in related sectors.

Quick Read Table of Contents of this Report @ Revenue Cycle Management (RCM) Market Size, Share and Industry Analysis By Structure (In-house Outsource) By Function (Claims & Denial Management, Medical Coding & Billing, Clinical Documentation Improvement (CDI), Insurance, Others) By Type (Software, Services) and Regional Forecast, 2020 – 2029 (Includes COVID-19 Business Impact)

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COVID-19 Industry Impact

Business Impacts of COVID-19 on Revenue Cycle Management Market. Strategies of Major Industry Competitors

The worldwide revenue cycle management market is witnessing considerable growth due to increasing regulatory requirements for the usage of revenue cycle management, increase in recovery audits due to changing healthcare regulations and increasing government support for revenue cycle management. Moreover, process improvements in healthcare organizations, increasing prevalence of chronic diseases and growing geriatric population are resulting in increased demand of revenue cycle management.

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Increasing number of patients and growth in demand for health insurance, increasing healthcare delivery cost, and decline in reimbursement rates are further supporting the market growth. Based on product type, the market for integrated segment is estimated to increase at the faster rate during the forecast period, due to increasing demand of integrated solution to achieve process efficiency and cost reduction. Based on deployment method, the market for web-based segment leads the global market due to growing demand for mobile support system for better patient engagement solution.

The increasing demand for cloud based revenue cycle solution and vendor consolidation to provide end-to-end solution are expected to create opportunities for the players in the market. In addition, immense unexplored market in developing economies are creating abundant opportunities for the revenue cycle management market to grow at a significant rate in the coming years. However, high cost of deployment, lack of data security, limited trained IT personnel, and infrastructural loop holes in developing countries are the key factors hampering the growth of the global market.

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The key players operating in the global market are Cerner Corporation, McKesson Corporation, Athenahealth Inc., Eclinicalworks LLC., Quest Diagnostics Incorporated, Allscripts Healthcare Solutions Inc., GE Healthcare, and Epic Systems Corporation.

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of segments
  • Highlights the competitive scenario of the market and major competitors