Revenue Cycle Management (RCM) Industry Trend 2018: Overview by End User are Hospitals, General Physicians, Labs, Others with Top Key Players GE Healthcare, Epic Systems, Siemens Healthcare

Global Revenue Cycle Management (RCM) Market
Data Bridge Market Research added new report of Global Revenue Cycle Management Market Report provides a exclusive tool for appraising the market, highlighting opportunities, and supporting tactical and strategic decision-making.

Revenue cycle management (RCM) is used by healthcare providers to scale and manage the process of healthcare billing and reimbursements. This is achieved by improving the process of claims management, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and by automating processes. The RCM solution manages the patient’s bills from entering the hospital to reimbursement of claims.

Newly added Report of “Global Revenue Cycle Management Market” has accounted to USD 51.6 billion in 2016, growing at a CAGR of 12.7% from 2017 to 2024, is expected to reach USD 133.6 billion by 2024.

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Competitive Analysis:

In the components sub-category of the RCM market, the services segment dominates the market, and is expected to reach $50.9 billion by 2022. Similarly, in the deployments sub-category of the market, the web-based segment dominates the market, and is expected account a market share of 43.1% of the global RCM market. The physicians segment dominates the market among end-users, and is accounted to $21.1billion in 2015.

Segmentation:

In this report, the revenue cycle management market is segmented on the basis of product type, deployment, component, stage, end-user, and geography.

Based on type the market is further segmented into integrated RCM and standalone RCM.

On the basis of product type RCM solutions are segmented into standalone and integrated RCM. The integrated RCM solution are generally used by larger organizations where integration with other healthcare IT products such as RIS, LIS, PACS, HER among others to form a more holistic process for billing and claim settlements. However standalone RCM is best used in smaller hospitals and physician offices where they need to manage only one healthcare application.

Based on end-users the market is segmented into hospitals, laboratories, and physicians and others.

Based on geography the revenue cycle management market report is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market. With the market in U.S. shifting to value based reimbursements RCM is expected to play a major role to develop this process.

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Top Companies:

Some of the major players in this market are McKesson Corporation, Cerner Corporation, Quest Diagnostics, Athena Health, Inc., Allscripts, Eclinicalworks LLC, CareCloud Corporation, The SSI Groups, Inc., GE Healthcare, Epic Systems, Siemens Healthcare, Kareo, Inc., Among Others

Reasons to Purchase this Report

  • Current and future of global revenue cycle management market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
  • Regions/countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

Demand Side: Industrial Professionals, OEM Manufacturers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters and Investors among others.

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