The global revenue cycle management market share is likely to gain momentum from an urgent requirement for systematic revenue management across the world. According to a published report by Fortune Business Insights, titled, “Revenue Cycle Management (RCM): Global RCM Market Analysis, Insights and Forecast, 2019-2026,” the revenue cycle management market size is projected to reach US$ 216,990.6 Mn by 2026, thereby exhibiting a CAGR of 12.4% during the forecast period. Fortune Business Insights also states that the global RCM market size was valued at US$ 86,811.4 Mn in 2018.
“Increasing Patient Population Likely to Favor Growth in Asia Pacific”
The global revenue cycle management market is geographically divided into North America, Latin America, the Middle East, and Africa, Europe, and Asia Pacific. Amongst these regions, in 2018, North America was in the leading position. Fortune Business Insights predicts that the region will exhibit immense revenue cycle management RCM market growth during the forecast period and retain its dominant position.
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Europe, on the other hand, is expected to witness notable growth due to the rising revenue cycle management (RCM) services provided by numerous enterprises. Additionally, increasing trend of outsourcing and rising adoption of revenue cycle management (RCM) services will contribute to the RCM market growth. Furthermore, Asia Pacific has begun witnessing a rise in the number of revenue cycle management (RCM) service start-up companies and rapid growth of patient population. All these factors will in turn, increase the CAGR of this region in the coming years.
“Apprio, Inc.’s Latest RCM Division, ApprioHealth Set to Revolutionize the Patient Enrolling Methods”
Prominent RCM market players functioning in the revenue cycle management market are mainly focusing on innovative product and service launches in order to increase sales and strengthen their position in the market. For instance, Homecare Homebase, LLC., a developer of mobile software solutions for hospice and home health agencies, based in the U.S., announced that it has launched its latest revenue cycle management (RCM) service in June 2019.
The new revenue cycle management (RCM) service aids the agencies in decreasing their billing staff by pushing away the lion’s share of collection tasks and administrative billing to an experienced team that consists of billing experts. It further provides billing through HCHB Analytics and dashboards that offer more transparency.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Fortune Business Insights has profiled some of the renowned RCM market leaders operating in the revenue cycle management market. They are GeBBS Healthcare Solutions, General Electric, Cerner, McKesson Corporation, R1 RCM Inc., Epic Systems Corporation, athenahealth, Inc., Allscripts Healthcare, LLC, eClinicalWorks, Conifer Health Solutions, LLC., and others.
Table of Contents:
1. RCM Industry Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. RCM Industry Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. RCM Industry Key Insights
4.1. Statistical overview of hospital admissions- For key countries,2018
4.2. Technological advancements in revenue cycle management process
4.3. New product launch
4.4. Key start-ups with their funding overview
4.5. Regulatory scenario – For key countries,2018
4.6. Key RCM Industry Developments – Mergers, Acquisitions, and Partnerships, 2018
5. Global Revenue Cycle Management Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. RCM Market Analysis, Insights and Forecast – By Structure
5.2.1. In-house
5.2.2. Outsource
5.3. RCM Industry Analysis, Insights and Forecast – By Function
5.3.1. Claims & Denial Management
5.3.2. Medical Coding & Billing
5.3.3. Clinical Documentation Improvement (CDI)
5.3.4. Insurance
5.3.5. Others
5.4. RCM Industry Analysis, Insights and Forecast – By Type
5.4.1. Software
5.4.2. Services
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Revenue Cycle Management Market Analysis, Insights and Forecast, 2015-2026
6.1. Key Findings / Summary
6.2. RCM Industry Analysis, Insights and Forecast – By Structure
6.2.1. In-house
6.2.2. Outsource
6.3. Market Analysis, Insights and Forecast – By Function
6.3.1. Claims & Denial Management
6.3.2. Medical Coding & Billing
6.3.3. Clinical Documentation Improvement (CDI)
6.3.4. Insurance
6.3.5. Others
6.4. Market Analysis, Insights and Forecast– By Type
6.4.1. Software
6.4.2. Services
6.5. Market Analysis, Insights and Forecast– By Country
6.5.1. U.S.
6.5.2. Canada
