Healthcare IT

Revenue Cycle Management Market by RCM Solutions, Loss of Revenue in Healthcare Sector – Recent Developments and Upcoming Technologies to 2024

Press Release

Revenue cycle management market study analyzes competitive developments such as partnerships, agreements, contracts, and joint ventures; mergers & acquisitions; expansions; new product developments; and research & development activities in the packaging printing market. In this report, global revenue cycle management market is segmented on basis of product, component, deployment, end user, and region.

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The global revenue cycle management market is expected to reach USD 90.43 billion by 2022 from USD 51.07 billion in 2017, at a CAGR of 12.1%. Growth in this market can primarily be attributed to factors such as decreasing reimbursements in the healthcare industry, regulatory mandates for the adoption of EHR/EMR, government initiatives to boost the adoption of RCM solutions.

Competitive Landscape

1 Introduction

2 Market Player Ranking

3 Competitive Situation and Trends

4 Agreements, Collaborations, and Partnerships

5 Product & Service Launches

6 Acquisitions

7 Other Developments

In this report, the global revenue cycle management market is segmented on the basis of product, component, deployment, end user, and region. On the basis of component, the revenue cycle management market is divided into services and software. The services segment is expected to account for the largest share of the revenue cycle management component market in 2016.

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Growth in the revenue cycle management market is driven by regulatory compliance encouraging the use of RCM solutions, government support, increasing number of patients, and process improvements in healthcare organizations brought about by RCM. In addition, vendor consolidation to provide end-to-end solutions, cloud-based solutions, and potential RCM markets for IT vendors are expected to offer growth opportunities for market players.

Key Target Stakeholders

  • Healthcare equipment manufacturers
  • Healthcare IT vendors
  • Healthcare IT service providers
  • Healthcare providers
  • Healthcare payers
  • Healthcare consultants
  • Healthcare associations/institutions
  • Business research and consulting service providers

Top players operating in revenue cycle management market include McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.). However, high cost of deployment, dearth of trained IT personnel, and infrastructural loop holes in developing markets are restraining the growth of this market.

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Asia-Pacific region is projected to be fastest-growing market during forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for packaging printing, followed by Japan. China, with its growing food & beverage and healthcare industries, is expected to drive the packaging printing market. Japan, with its growing inclination toward convenient products, is expected to impact the packaging printing market in the Asia-Pacific region.

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