The growth of the revenue cycle management market is driven by increasing government spending and initiatives to encourage the adoption of healthcare revenue cycle management solutions. Revenue management for healthcare providers is largely influenced by precisely medical claims processing.
Healthcare organization required to uphold a quality insurance billing and revenue cycle for the improvement in the financial outcome. The team of revenue cycle management needs to well-versed with the accounts receivable management and denial management.
The leading market players mainly include:
The major players operating in the healthcare revenue cycle management market are General Electric Company, Siemens Healthcare, Epic Systems, Allscripts, Cerner Corporation, Quest Diagnostics, McKesson Corporation, 4medica, Abeo, Accenture, Access Healthcare, AccessOne, ACI Worldwide, and Others.
The detailed segments and sub-segment of the market are explained below:
By Delivery Mode:
- Web based
- Cloud based
- Insurance Management
- Electronic Health Record
- Denial and Claims Management
- Billing and Medical Coding
- Clinical Documentation Improvement
- Diagnostic Laboratories
- Office-Based Stetting
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