Revenue Cycle Management Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: HE0085

Revenue Cycle Management Market

Revenue Cycle Management market is expected to grow from USD 69.39 billion in 2019 to USD 161.43 billion by 2026 at a CAGR of 12.82% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies
  • News

Revenue cycle management (RCM) is that the financial process, using medical billing software, that healthcare facilities use to trace patient care episodes from registration and appointment scheduling to the ultimate payment of a balance. RCM merges the business and clinical sides of healthcare by coupling administrative data, like a patient's name, insurance provider and other personal information, with the treatment a patient receives and their healthcare data.

To run a productive RCM process, it's authoritative to rent an experienced billing service. When a patient schedules a meeting, the physician's office or the hospital staff typically check the patient's reported coverage before the visit. The major factors driving the development of the global market contain the reducing reimbursements in the healthcare industry, regulatory mandates for the adoption of EHR/EMR, government initiatives to boost the adoption of RCM solutions, loss of revenue due to billing errors, and process improvements in healthcare organizations.

The global Revenue Cycle Management market is segregated on the basis of Function as Claims & Denial Management, Medical Coding & Billing, Patient Insurance Eligibility Verification, Payment Remittance, Electronic Health Record (Ehr), Clinical Documentation Improvement (Cdi), and Other Functions. Based on Product the global Revenue Cycle Management market is segmented in Integrated Solutions and Standalone Solutions.

Based on Offering, the global Revenue Cycle Management market is segmented in Software and Services. The report also bifurcates the global Revenue Cycle Management market based on Deployment in Web-Based, On-Premise, and Cloud-Based. The report also bifurcates the global Revenue Cycle Management the global End User market is segmented in Physicians, Hospitals, Laboratories, and Other End Users.

The global Revenue Cycle Management market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Revenue Cycle Management market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Cerner, Mckesson, Quest Diagnostics, Allscripts Healthcare Solutions, Athenahealth, Ge Healthcare, Eclinicalworks, Conifer Health Solutions, Epic Systems, Gebbs Healthcare Solutions, and others are among the major players in the global Revenue Cycle Management market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Revenue Cycle Management market has been segmented as below:

Revenue Cycle Management Market, By Function

  • Claims & Denial Management
  • Medical Coding & Billing
  • Patient Insurance Eligibility Verification
  • Payment Remittance
  • Electronic Health Record (Ehr)
  • Clinical Documentation Improvement (Cdi)
  • Other Functions

Revenue Cycle Management Market, By Product

  • Integrated Solutions
  • Standalone Solutions

Revenue Cycle Management Market, By Offering

  • Software
  • Services

Revenue Cycle Management Market, By Deployment

  • Web-Based
  • On-Premise
  • Cloud-Based

Revenue Cycle Management Market, By End User

  • Physicians
  • Hospitals
  • Laboratories
  • Other End Users

Revenue Cycle Management Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Revenue Cycle Management Market, By Company

  • Cerner
  • Mckesson
  • Quest Diagnostics
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Ge Healthcare
  • Eclinicalworks
  • Conifer Health Solutions
  • Epic Systems
  • Gebbs Healthcare Solutions

The report covers the below scope:

  • Global Revenue Cycle Management market sizes from 2015 to 2024, along with CAGR for 2018-2024
  • Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
  • Global Revenue Cycle Management market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Revenue Cycle Management market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2018
  • Estimated year - 2019
  • Projected year - 2020
  • Forecast period - 2021 to 2025

Report Scope:

The global Revenue Cycle Management market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Revenue Cycle Management market share. Major industry players with significant revenue share include Cerner, Mckesson, Quest Diagnostics, Allscripts Healthcare Solutions, Athenahealth, Ge Healthcare, Eclinicalworks, Conifer Health Solutions, Epic Systems, Gebbs Healthcare Solutions, and others.

Why to Buy this Report:

  • Gain detailed insights on the Revenue Cycle Management industry trends
  • Find complete analysis on the market status
  • Identify the Revenue Cycle Management market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted towards the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

 

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. Revenue Cycle Management Market, By Function

            5.1 Introduction

            5.2 Claims & Denial Management

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Medical Coding & Billing

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Patient Insurance Eligibility Verification

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Payment Remittance

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

            5.6 Electronic Health Record (Ehr)

                        5.6.1 Market Overview

                        5.6.2 Market Size and Forecast

            5.7 Clinical Documentation Improvement (Cdi)

                        5.7.1 Market Overview

                        5.7.2 Market Size and Forecast

            5.8 Other Functions

                        5.8.1 Market Overview

                        5.8.2 Market Size and Forecast

  1. Revenue Cycle Management Market, By Product

            6.1 Introduction

            6.2 Integrated Solutions

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Standalone Solutions

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

  1. Revenue Cycle Management Market, By Offering

            7.1 Introduction

            7.2 Software

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Services

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

  1. Revenue Cycle Management Market, By Deployment

            8.1 Introduction

            8.2 Web-Based

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 On-Premise

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

            8.4 Cloud-Based

                        8.4.1 Market Overview

                        8.4.2 Market Size and Forecast

  1. Revenue Cycle Management Market, By End User

            9.1 Introduction

            9.2 Physicians

                        9.2.1 Market Overview

                        9.2.2 Market Size and Forecast

            9.3 Hospitals

                        9.3.1 Market Overview

                        9.3.2 Market Size and Forecast

            9.4 Laboratories

                        9.4.1 Market Overview

                        9.4.2 Market Size and Forecast

            9.5 Other End Users

                        9.5.1 Market Overview

                        9.5.2 Market Size and Forecast

  1. Revenue Cycle Management Market, By Geography

            10.1 Introduction

            10.2 Europe

                        10.2.1 Europe Revenue Cycle Management, By Function

                        10.2.2 Europe Revenue Cycle Management, By Product

                        10.2.3 Europe Revenue Cycle Management, By Offering

                        10.2.4 Europe Revenue Cycle Management, By Deployment

                        10.2.5 Europe Revenue Cycle Management, By End User

            10.3 North America

                        10.3.1 North America Revenue Cycle Management, By Function

                        10.3.2 North America Revenue Cycle Management, By Product

                        10.3.3 North America Revenue Cycle Management, By Offering

                        10.3.4 North America Revenue Cycle Management, By Deployment

                        10.3.5 North America Revenue Cycle Management, By End User

            10.4 Asia Pacific

                        10.4.1 Asia Pacific Revenue Cycle Management, By Function

                        10.4.2 Asia Pacific Revenue Cycle Management, By Product

                        10.4.3 Asia Pacific Revenue Cycle Management, By Offering

                        10.4.4 Asia Pacific Revenue Cycle Management, By Deployment

                        10.4.5 Asia Pacific Revenue Cycle Management, By End User

            10.5 Rest of The World

                        10.5.1 Rest of The World Revenue Cycle Management, By Function

                        10.5.2 Rest of The World Revenue Cycle Management, By Product

                        10.5.3 Rest of The World Revenue Cycle Management, By Offering

                        10.5.4 Rest of The World Revenue Cycle Management, By Deployment

                        10.5.5 Rest of The World Revenue Cycle Management, By End User

  1. Competitive Insights

            11.1 Key Insights

            11.2 Company Market Share Analysis

            11.3 Strategic Outlook

                        11.3.1 Mergers & Acquisitions

                        11.3.2 New Product Development

                        11.3.3 Portfolio/Production Capacity Expansions

                        11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        11.3.5 Others

  1. Company Profiles

(Overview, Key Financials, Recent Developments, Product and Service Offering)

  • Cerner
  • Mckesson
  • Quest Diagnostics
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Ge Healthcare
  • Eclinicalworks
  • Conifer Health Solutions
  • Epic Systems
  • Gebbs Healthcare Solutions

The global Revenue Cycle Management market has been segmented as below:

Revenue Cycle Management Market, By Function

  • Claims & Denial Management
  • Medical Coding & Billing
  • Patient Insurance Eligibility Verification
  • Payment Remittance
  • Electronic Health Record (Ehr)
  • Clinical Documentation Improvement (Cdi)
  • Other Functions

Revenue Cycle Management Market, By Product

  • Integrated Solutions
  • Standalone Solutions

Revenue Cycle Management Market, By Offering

  • Software
  • Services

Revenue Cycle Management Market, By Deployment

  • Web-Based
  • On-Premise
  • Cloud-Based

Revenue Cycle Management Market, By End User

  • Physicians
  • Hospitals
  • Laboratories
  • Other End Users

Revenue Cycle Management Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Revenue Cycle Management Market, By Company

  • Cerner
  • Mckesson
  • Quest Diagnostics
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Ge Healthcare
  • Eclinicalworks
  • Conifer Health Solutions
  • Epic Systems
  • Gebbs Healthcare Solutions

License Options

  • Single 1500 USD
  • Multiple 3000 USD