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February 18, 2020

Healthcare Revenue Cycle Management Market Size is Set to Hit $208.6 Bn upto 2026

The global Healthcare Revenue Cycle Management Market size is expected to be worth around Us$ 208.6 billion By 2026, With projected to the growth of 6.3% CAGR over the forecast time frame 2019-2026.

North America dominated the global healthcare revenue cycle management market in the year 2018. Different huge purposes behind the predominance of North America are it has been among the leaders within the development of the IT framework for the care business. The RCM market within the US presents remunerative growth opportunities due to the presence of many giant hospitals and health systems, favorable rules, rising geriatric population, and also the increasing have to be compelled to curtail care prices within the country. A variety of key market players are based mostly on the US. The components, for example, severe guidelines from the administration in regards to appropriate charging and expense installment, and defending the clinical information drive the market for human services income cycle the executives.

Usage of Care Act by the U.S. government is the essential driving variable the market of social insurance income burns the executives through the gauge time frame. The rising per capita human services cost is expanding social insurance spending in North America. This outcome in an ascent in the quantity of human services establishments and patient enlistments prompting the age of a great deal measure of information. This is driving the requirement for RCM programming among social insurance specialist co-ops to deal with their tasks effectively. The presence of well-developed health care infrastructure, rising adoption among the end-users, and also the long term edges of revenue cycle management solutions are anticipated to favor its growth over the forecast amount.

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Europe is expected to register the highest CAGR during the forecast period. Europe is the second-largest RCM market. Government initiatives during this region for eHealth and also the have to be compelled to improve overall potency in care organizations are driving the market growth for Europe. The RCM markets in Asia and also the rest of the world are within the growth part. Factors like increasing government initiatives for eHealth, rising medical business, and growing demand for quality care are driving the expansion of the RCM market in these regions.

On the basis of deployment model, the revenue cycle management market has been segmented into cloud-based, web-based, and on premise solutions. In 2018, the web-based deployment section is anticipated to command the most important share of the worldwide market. The big share of this section is attributed to the increasing demand for mobile support systems for higher client (patient) engagement platforms. Cloud-based RCM solutions on the opposite hand can register quickest rate. Cloud-based RCM solutions store and method an oversized volume of knowledge generated within the attention trade, which might be managed effectively victimization cloud technologies. Cloud-based solutions are thought to be reasonable solutions for little and medium-sized attention facilities that don't need to keep up an in-house infrastructure to satisfy their RCM wants. Moreover, cloud-based solutions increase the accessibility to patient records from disparate data systems in time period and from remote locations. This practicality helps in considerably rising the progress potency. One in all the advantages related to the cloud computing setting is that it will simply be adjusted and scaled up or down by service suppliers while not acquisition any cost.

Market Segmentation

Market By Product

  • Integrated Solutions
  • Standalone
  • Others

Market By Function

  • Claim & Denial
  • Medical Coding
  • Insurance Verification
  • Others

Market By End User

  • Hospitals
  • Physicians
  • Lab

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

Related Reports

  • Healthcare Information Systems Market - The global market size is estimated to reach around USD 170.2 billion by 2026, this market is anticipated to grow with 7.8% CAGR during the forecast time period.
  • Healthcare Cloud Computing Market - The global market is expected to grow at noteworthy CAGR around 14 % throughout the forecast period and reach around US$ 40 billion by 2026.
  • Telemedicine Cart Market - The global market is expected to reach the market value of around US$ 1,740 Mn by 2026 and is anticipated to grow at a CAGR of around 22% in terms of revenue during the forecasting period 2019 to 2026.

On the basis of end user, the market is divided into physicians, hospitals, laboratories, and different finish users (including pharmacies, long acute care facilities, and academic medical centers). The physicians section is calculable to account for the biggest share of the world market in 2017 and is projected to register the best CAGR throughout the forecast amount. The growing adoption of integrated follow management systems among physicians is that the key issue driving the expansion of this market.

Some of the key manufacturing companies include in the global healthcare revenue cycle management market are Cerner, Mckesson, Quest Diagnostics, Allscripts Healthcare Solutions, Athenahealth, GE Healthcare, Eclinicalworks, Conifer Health Solutions, EPIC Systems, Gebbs Healthcare Solutions, Experian, R1 RCM, Constellation Software, The SSI Group, Nthrive.

Some of the key observations regarding global healthcare revenue cycle management industry include:

  • In November 2018, Allscripts announced Veradigm as the new branding for life science division. Veradigm is a leading data driven health insights and analytical solution providing company. This partnership will allow Allscripts to enhance existing solutions and widen its customer base.
  • In November 2018, Carecloud announced that company has expanded its revenue cycle management service for more accurate billing and faster payments. This will allow company to enhance its business growth.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Healthcare Revenue Cycle Management
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Healthcare Revenue Cycle Management Market By Product
1.2.2.1. Global Healthcare Revenue Cycle Management Market Revenue and Growth Rate Comparison By Product(2015-2026)
1.2.2.2. Global Healthcare Revenue Cycle Management Market Revenue Share By Product in 2018
1.2.2.3. Integrated Solutions
1.2.2.4. Standalone
1.2.3. Healthcare Revenue Cycle Management Market By Function
1.2.3.1. Global Healthcare Revenue Cycle Management Market Revenue and Growth Rate Comparison By Function (2015-2026)
1.2.3.2. Global Healthcare Revenue Cycle Management Market Revenue Share By Function in 2018
1.2.3.3. Claim & Denial
1.2.3.4. Medical Coding
1.2.3.5. Insurance Verification
1.2.4. Healthcare Revenue Cycle Management Market By End-User
1.2.4.1. Global Healthcare Revenue Cycle Management Market Revenue and Growth Rate Comparison By End-User(2015-2026)
1.2.4.2. Global Healthcare Revenue Cycle Management Market Revenue Share By End-User in 2018
1.2.4.3. Hospitals
1.2.4.4. Physicians
1.2.4.5. Lab
1.2.5. Healthcare Revenue Cycle Management Market By Deployment
1.2.5.1. Global Healthcare Revenue Cycle Management Market Revenue and Growth Rate Comparison By Deployment (2015-2026)
1.2.5.2. Global Healthcare Revenue Cycle Management Market Revenue Share By Deployment in 2018
1.2.5.3. Web Based
1.2.5.4. On Premise
1.2.5.5. Cloud Based
1.2.6. Healthcare Revenue Cycle Management Market by Geography
1.2.6.1. Global Healthcare Revenue Cycle Management Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Healthcare Revenue Cycle Management Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Healthcare Revenue Cycle Management Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Healthcare Revenue Cycle Management Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Healthcare Revenue Cycle Management Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA)Healthcare Revenue Cycle Management Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING HEALTHCARE REVENUE CYCLE MANAGEMENT ANALYSIS
3.1. Capacity and Commercial Production Date of Global Healthcare Revenue Cycle Management Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Healthcare Revenue Cycle Management Major Manufacturers in 2018
3.3. R&D Status and Product End-User of Global Healthcare Revenue Cycle Management Major Manufacturers in 2018
3.4. Raw Materials End-Users Analysis of Global Healthcare Revenue Cycle Management Major Manufacturers in 2018

CHAPTER 4. HEALTHCARE REVENUE CYCLE MANAGEMENT MARKET BY PRODUCT
4.1. Global Healthcare Revenue Cycle Management Revenue By Product
4.2. Integrated Solutions
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Standalone
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. HEALTHCARE REVENUE CYCLE Management Market BY FUNCTION
5.1. Global Healthcare Revenue Cycle Management Revenue By Function
5.2. Claim & Denial
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Medical Coding
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Insurance Verification
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. HEALTHCARE REVENUE CYCLE MANAGEMENT MARKET BY END-USER
6.1. Global Healthcare Revenue Cycle Management Revenue By End-User
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Physicians
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Lab
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. HEALTHCARE REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT
7.1. Global Healthcare Revenue Cycle Management Revenue By Deployment
7.2. Web Based
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. On Premise
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Cloud Based
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 8. NORTH AMERICA HEALTHCARE REVENUE CYCLE MANAGEMENT MARKET BY COUNTRY
8.1. North America Healthcare Revenue Cycle Management Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Healthcare Revenue Cycle Management Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S.Healthcare Revenue Cycle Management Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)

CHAPTER 9. EUROPE HEALTHCARE REVENUE CYCLE Management Market BY COUNTRY
9.1. Europe Healthcare Revenue Cycle Management Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Healthcare Revenue Cycle Management Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million
9.6. Spain
9.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)

CHAPTER 10. ASIA-PACIFIC HEALTHCARE REVENUE CYCLE Management Market BY COUNTRY
10.1. Asia-Pacific Healthcare Revenue Cycle Management Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Healthcare Revenue Cycle Management Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)

CHAPTER 11. LATIN AMERICA HEALTHCARE REVENUE CYCLE Management Market BY COUNTRY
11.1. Latin America Healthcare Revenue Cycle Management Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Healthcare Revenue Cycle Management Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)

CHAPTER 12. MIDDLE EAST & AFRICA HEALTHCARE REVENUE CYCLE MANAGEMENT MARKET BY COUNTRY
12.1. Middle East Healthcare Revenue Cycle Management Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East Healthcare Revenue Cycle Management Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Function, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)

CHAPTER 13. COMPANY PROFILE
13.1. Cerner
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Mckesson
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Quest Diagnostics
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Allscripts Healthcare Solutions
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Athenahealth
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. GE Healthcare
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Eclinicalworks
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Conifer Health Solutions
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. EPIC Systems
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Gebbs Healthcare Solutions
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Others
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Product Portfolio
13.11.5. Key Developments
13.11.6. Strategies

CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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