Healthcare Revenue Cycle Management Market Size analysis, by Product Type (Integrated, Standalone Software) Component (Software, Services) Deployment (On Premise, Cloud Based) End-user (Hospital, Ambulatory Service)- Global Forecast Till 2027
Market Scenario
Market Research Future Published a Cooked Research Report on Healthcare Revenue Cycle Management Market Research Report – Forecast to 2027.
Market Research Future Published a Cooked Research Report on Healthcare Revenue Cycle Management Market Research Report – Forecast to 2027.
Healthcare revenue cycle management (RCM) is a software that manages and simplifies all administrative and clinical functions including claims process, payment, revenue generation, patient registration, medical documentation, insurance verification, and accounts receivable & collections. Healthcare revenue cycle management software has gained profound importance in the healthcare sector in recent years. The global healthcare revenue cycle management market is anticipated to register a CAGR of 12.2% over the forecast period of 2017-2027, asserts Market Research Future (MRFR) in a detailed research report.
Towering costs of surgeries and overall healthcare has prompted hospitals to resort to technologies to reduce burden. Simplification of financial transactions is a key growth motivator which has spurred the adoption of RCM software among hospitals. In addition, expansion of healthcare budget and increase in a number of hospital chains and healthcare services across the globe fares well for the market. RCM software allows healthcare institutions to not only increase accuracy and timeliness but also helps them adhere to continuously evolving regulatory norms. RCM software can be applied to every aspect of the revenue cycle and is gaining traction among healthcare institutions.
On the downside, the growth of the global healthcare revenue cycle management market might be deterred by a dearth of trained healthcare professionals to operate the software. The global healthcare revenue cycle management market is anticipated to reach USD 1,75,163.5 Mn by the end of 2027.
Key Players for Global Healthcare Revenue Cycle Management (RCM) Market
- Epic Systems Corporation (US),
- McKesson Corporation (US),
- Cerner Corporation (US),
- General Electric Company (US),
- Allscripts (US),
- Quest Diagnostic (US),
- Siemens Healthcare (Germany),
- AdvantEdge Healthcare Solutions (US),
- CareCloud (US),
- Acelerartech (US),
- 3M (US).
Intended Audience
- Healthcare Revenue Cycle Management (RCM) Products Manufacturers
- Healthcare Revenue Cycle Management (RCM) Products Providers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
Segmentation
The global healthcare RCM market is segmented on the basis of deployment, component, product types, and end users.
On the basis of deployment, the market is segmented into on-premises, and cloud-based.
On the basis of component, the market is categorized into services, and software.
On the basis of product types, the market is divided into integrated software, and standalone software.
On the basis of end users, the market is shared into hospitals, ambulatory services and others.
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