Revenue Cycle Management Market Insights 2019, Global and Chinese Scenario is a professional & in-depth study on current state of Revenue Cycle Management industry with a focus on Chinese market.
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%. Report explores the international & Chinese major industry players in detail. In this part, report presents company profile, product specifications, capacity, production value, 2015-2019 market shares for each company. Total market further divided by company, by country, and by application/type for the competitive landscape analysis.
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Revenue cycle management (RCM) is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. This can be attributed to increasing patient population, rising demand for centralized and cost-effective financial management solutions, and growing use of electronic insurance medical claims in countries such as Japan, China, India, and Singapore.
“The web-based segment and physicians segment is expected to account for the largest share in 2024.”
Report provides key statistics on market status of Healthcare Revenue Cycle Management manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Healthcare Revenue Cycle Management market covering all important parameters.
The integrated segment is expected to account for largest share of the global revenue cycle management product market in 2016. The shift in healthcare industry from volume-based payment to value-based payment systems; and streamlined and coordinated multiple financial functions through a single platform with the use of integrated RCM are factors attributing to the growth of this segment.
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In this report, global revenue cycle management market is segmented on basis of product, component, deployment, end user, & region. Services segment expected to account for largest share of revenue cycle management component market in 2019. Factors like dependence of healthcare organizations on consulting, training, maintenance services, & regular updating of software are contributing to growth of this segment.
The study objectives of this report are:
- To analyze global Revenue Cycle Management status, future forecast, growth opportunity, key market and key players.
- To present the Revenue Cycle Management development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
Major 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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Growth in 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.
Reasons to buy this report:
Revenue cycle management market is segmented on basis of product, component, deployment, end user, and region. In 2016, integrated RCM segment is expected to account for largest share of market and is expected to grow highest CAGR during forecast period. Increasing demand for integrated solutions, which play an integral role in improving process efficiency and cost reduction is major factor driving growth of integrated RCM segment.