Revenue Cycle Management Market to Exhibit 13.0% CAGR and Reach $258.16 Billion: Advanced Predictive Analytics offered by RCM to Boost Growth

Key Companies Covered in the Revenue Cycle Management Market Report Are Cerner Corporation, Epic Systems Corporation, McKesson Corporation, MEDHOST, Allscripts Healthcare, LLC, Conifer Health Solutions, LLC, GeBBS Healthcare Solutions, Medical Information Technology Inc., eClinicalWorks and other key market players.

Pune INDIA


Pune, Aug. 18, 2020 (GLOBE NEWSWIRE) -- The global revenue cycle management market size is anticipated to rise at a CAGR of 13.0% between 2020 to 2027 on account of the rising prevalence of various diseases resulting in an increase in patient pool. Revenue cycle management is a method of identifying, managing, and collecting patient service revenue and administering it with revenue generation and claims processing.

According to a published report by Fortune Business Insights titled “Revenue Cycle Management Market Size, Share & Industry Analysis, By Structure (In-house and Outsource), Type (Software and Service), Functions (Claims & Denial Management, Medical Coding & Billing, Clinical Documentation Improvement (CDI), Insurance, and Others), End User (Hospitals, Physicians Office, and Others) and Regional Forecast, 2020-2027,” the value of this market was USD 96.27 billion in 2019 and is projected to reach USD 258.16 billion by the end of 2027.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/revenue-cycle-management-market-100275


Industry Developments:

February 2018 – A cloud-based platform for revenue cycle management called Acute Care was launched by eClinicalWorks

March 2019 – A new RCM division was launched by Apprio Inc., called APPRIOHEALTH for delivering advanced technology solutions and services for healthcare organization.

The Report Answers the Following Questions:

  • What is the nature of the market for revenue cycle management?
  • Who are the key players of this market?
  • What are the key strategies adopted by the players?
  • Which is the leading segment of this market and why?
  • What are the recent industry developments of the market?

The rising prevalence of the COVID-19 has not only impacted the world economy but also led the healthcare sector to face a major crisis. This is attributable to the increasing patient pool for coronavirus positive patients and the lack of proper hospital beds and professionals. The imposition of lockdown by the governments across several countries has resulted in major economic losses for most businesses as it was not possible to operate from homes. However, the ones that did operate from homes barely managed meagre revenue.

We too hope the efforts put in by scientists and researchers reap efficient measures to fight the novel coronavirus pandemic and we can all get back to our normal lives. Fortune Business Insights has analyzed the impact of the COVID-19 pandemic and are offering reports on various markets. These reports will help players and interested candidates study the market both qualitatively and quantitatively and accordingly make future decisions.


Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/revenue-cycle-management-market-100275


Drivers & Restraints-
Increasing Adoption of Electronic Health Records (EHR) will Bolster Growth

The increasing adoption of advanced concepts in the medical sector such as electronic health records and other solutions stands as a key factor boosting the global revenue cycle management market growth. This, coupled with the wide range of IT products such as business intelligence tools, advanced predictive analytics, and automated patient collection systems provided by RCMs, will also aid in expansion of the market.

On the contrary, factors such as the budget constraints associated with the installation of revenue cycle management systems especially for small hospitals and physician’s offices may cause major hindrance to the growth of the market. Nevertheless, the complexities of financial management for end users have fueled the demand for medical coding and billing services, thereby creating new growth opportunities for the market for RCM in the coming years.


Quick Buy -  Revenue Cycle Management Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100275


Regional Analysis-
North America Dominated the Market Owing to increasing Adoption of Innovative Medical Solutions

In 2019, the market in North America was worth USD 52.01 billion and this region emerged dominant. This is due to the presence of many players and the launch of innovative solutions and setting up of new research centers in the U.S. Europe, on the other hand ranks second, the growth of which is attributable to the increasing number of start-ups and development of financial technology.

However, the market in Asia Pacific is expected to emerge as the fastest growing segment owing to the improving healthcare infrastructure and increasing adoption of revenue cycle management as software and services. Furthermore, the market in Latin America and the Middle East and Africa will grow steadily on account of gradual entry of healthcare advanced solutions.

Competitive Landscape-
Players Focusing on Delivering End-to-End Service to Gain Competitive Edge

Currently, Cerner Corporation is holding a dominant share in the market for revenue cycle management. This is attributable to the efficient RCM services provided by the company keeping in mind the production, efficiency, and budget requirements of the organization. The company also focuses on denial management, patient pays or pre-collect, medical billing and coding, and denial management, along with patient access for ensuring quality management services to their clients. The aforementioned factors will further help Cerner Corporation continue dominating the market in the coming years.


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/revenue-cycle-management-market-100275


List of Companies Profiled in the Report:

  • Cerner Corporation (Missouri, U.S.)
  • Epic Systems Corporation (Wisconsin, U.S)
  • McKesson Corporation (Texas, U.S)
  • MEDHOST (Tennessee, U.S)
  • Allscripts Healthcare, LLC (Illinois, U.S.)
  • Conifer Health Solutions, LLC (Texas, U.S)
  • GeBBS Healthcare Solutions (California, U.S)
  • Medical Information Technology Inc. (MEDITECH) (Massachusetts, U.S)
  • eClinicalWorks (Massachusetts, U.S)
  • Others

Revenue Cycle Management Market Segmentation:

By Structure

•              In-house

•              Outsource

By Type

•              Service

•              Software

By Functions

•              Claims & Denial Management

•              Medical Coding & Billing

•              Clinical Documentation Improvement (CDI)

•              Insurance

•              Others

By End User

•              Hospitals

•              Physician’s Office

•              Others

By Geography

•              North America (U.S. and Canada)

•              Europe (U.K., 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 Middle East & Africa)


Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/revenue-cycle-management-market-100275


Have a Look at Related Reports:

Telehealth Market Share and Global Trend By Type (Products, Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, Others), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), Remote Patient Monitoring), By End User (Healthcare Facilities, Homecare, Others), and Geography Forecast till 2026

Clear Aligners Market Share and Global Trend By Patient Age Group (Teenager, Adults), By End-User (Hospitals, Dental & Orthodontic Clinics) and Geography Forecast till 2026

mHealth Market Share & Industry Analysis, By Category (By Apps {Disease & Treatment Management, Wellness Management}, By Wearable {Body & Temperature Monitors, Glucose Monitors}) By Services Type (Monitoring Services, Diagnostic Services, Treatment Services) By Service Provider (mHealth App Companies, Hospitals, Health Insurance) and Regional Forecast, 2019-2026

mHealth Apps Market Share & Industry Analysis, By App Type (Disease & Treatment Management, Wellness Management, Others), By Application (Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, Others), By Operating System Type (Google Play Store, Apple App Store, Others) and Regional Forecast, 2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com 
Fortune Business Insights™
LinkedIn | Twitter | Blogs


Press Release: https://www.fortunebusinessinsights.com/press-release/revenue-cycle-management-market-9252