Healthcare RCM Market Forecast to 2027 - Covid-19 Impact and Global Analysis - By Component (Hardware, Software); Product (Integrated, Standalone); Deployment (On-premise, Cloud Based) and Geography
Growing population and the consequent rise in demand for healthcare facilities along with claims to various medical reimbursements have rendered the medical bills to be highly error prone. Furthermore, various government related compliance requirements coupled with increased fraudulence screening are leading to the demands for a more robust solution. Automation in front desk activity and online payments for patients have reduced the number of claim denials. Automated solutions has also helped front desk staff, coders, providers and billers to increase productivity. These benefits are expected to stimulate the Healthcare RCM market.
MARKET DYNAMICS
The healthcare RCM market is anticipated to grow in the forecast period owing to regulatory mandated for adoption of EHR/EMR, government initiatives to boost adoption of RCM solutions, loss of revenue due to billing errors and process improvements in developing markets. Moreover, growing consolidation among vendors for end-to-end solutions, rising demand for cloud-based RCM solutions, as well as potential RCM markets for it vendors is expected to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Healthcare RCM Market Analysis to 2027" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of healthcare RCM market with detailed market segmentation by component, product, deployment and geography. The global healthcare RCM market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading healthcare RCM market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global healthcare RCM market is segmented on the basis of component, product and deployment. Based on component, the market is bifurcated into hardware and software. Based on product, the market is classifies as Integrated and Standalone. Based on deployment the market is categorized as on-premise and cloud based.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global healthcare RCM market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The healthcare RCM market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting healthcare RCM market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the healthcare RCM market in these regions.MARKET PLAYERS
The reports cover key developments in the healthcare RCM market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from healthcare RCM market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare RCM market in the global market. Below mentioned is the list of few companies engaged in the healthcare RCM market.
The report also includes the profiles of key healthcare RCM market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Change Healthcare
- Convergent Outsourcing, Inc.
- Dell
- drchrono Inc.
- GENERAL ELECTRIC COMPANY
- Leidos
- Navigant Consulting, Inc.
- nThrive, Inc.
- R1 RCM Inc.
- Xerox Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare RCM Market - By Component
1.3.2 Healthcare RCM Market - By Product
1.3.3 Healthcare RCM Market - By Deployment
1.3.4 Healthcare RCM Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE RCM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HEALTHCARE RCM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HEALTHCARE RCM MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE RCM - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE RCM - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. HEALTHCARE RCM MARKET - REVENUE AND FORECASTS TO 2027 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. HEALTHCARE RCM MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. INTEGRATED
8.3.1. Overview
8.3.2. Integrated Market Forecast and Analysis
8.4. STANDALONE
8.4.1. Overview
8.4.2. Standalone Market Forecast and Analysis
9. HEALTHCARE RCM MARKET - REVENUE AND FORECASTS TO 2027 - DEPLOYMENT
9.1. OVERVIEW
9.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISE
9.3.1. Overview
9.3.2. On-premise Market Forecast and Analysis
9.4. CLOUD BASED
9.4.1. Overview
9.4.2. Cloud Based Market Forecast and Analysis
10. HEALTHCARE RCM MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Healthcare RCM Market Overview
10.1.2 North America Healthcare RCM Market Forecasts and Analysis
10.1.3 North America Healthcare RCM Market Forecasts and Analysis - By Component
10.1.4 North America Healthcare RCM Market Forecasts and Analysis - By Product
10.1.5 North America Healthcare RCM Market Forecasts and Analysis - By Deployment
10.1.6 North America Healthcare RCM Market Forecasts and Analysis - By Countries
10.1.6.1 United States Healthcare RCM Market
10.1.6.1.1 United States Healthcare RCM Market by Component
10.1.6.1.2 United States Healthcare RCM Market by Product
10.1.6.1.3 United States Healthcare RCM Market by Deployment
10.1.6.2 Canada Healthcare RCM Market
10.1.6.2.1 Canada Healthcare RCM Market by Component
10.1.6.2.2 Canada Healthcare RCM Market by Product
10.1.6.2.3 Canada Healthcare RCM Market by Deployment
10.1.6.3 Mexico Healthcare RCM Market
10.1.6.3.1 Mexico Healthcare RCM Market by Component
10.1.6.3.2 Mexico Healthcare RCM Market by Product
10.1.6.3.3 Mexico Healthcare RCM Market by Deployment
10.2. EUROPE
10.2.1 Europe Healthcare RCM Market Overview
10.2.2 Europe Healthcare RCM Market Forecasts and Analysis
10.2.3 Europe Healthcare RCM Market Forecasts and Analysis - By Component
10.2.4 Europe Healthcare RCM Market Forecasts and Analysis - By Product
10.2.5 Europe Healthcare RCM Market Forecasts and Analysis - By Deployment
10.2.6 Europe Healthcare RCM Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Healthcare RCM Market
10.2.6.1.1 Germany Healthcare RCM Market by Component
10.2.6.1.2 Germany Healthcare RCM Market by Product
10.2.6.1.3 Germany Healthcare RCM Market by Deployment
10.2.6.2 France Healthcare RCM Market
10.2.6.2.1 France Healthcare RCM Market by Component
10.2.6.2.2 France Healthcare RCM Market by Product
10.2.6.2.3 France Healthcare RCM Market by Deployment
10.2.6.3 Italy Healthcare RCM Market
10.2.6.3.1 Italy Healthcare RCM Market by Component
10.2.6.3.2 Italy Healthcare RCM Market by Product
10.2.6.3.3 Italy Healthcare RCM Market by Deployment
10.2.6.4 Spain Healthcare RCM Market
10.2.6.4.1 Spain Healthcare RCM Market by Component
10.2.6.4.2 Spain Healthcare RCM Market by Product
10.2.6.4.3 Spain Healthcare RCM Market by Deployment
10.2.6.5 United Kingdom Healthcare RCM Market
10.2.6.5.1 United Kingdom Healthcare RCM Market by Component
10.2.6.5.2 United Kingdom Healthcare RCM Market by Product
10.2.6.5.3 United Kingdom Healthcare RCM Market by Deployment
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Healthcare RCM Market Overview
10.3.2 Asia-Pacific Healthcare RCM Market Forecasts and Analysis
10.3.3 Asia-Pacific Healthcare RCM Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Healthcare RCM Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific Healthcare RCM Market Forecasts and Analysis - By Deployment
10.3.6 Asia-Pacific Healthcare RCM Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Healthcare RCM Market
10.3.6.1.1 Australia Healthcare RCM Market by Component
10.3.6.1.2 Australia Healthcare RCM Market by Product
10.3.6.1.3 Australia Healthcare RCM Market by Deployment
10.3.6.2 China Healthcare RCM Market
10.3.6.2.1 China Healthcare RCM Market by Component
10.3.6.2.2 China Healthcare RCM Market by Product
10.3.6.2.3 China Healthcare RCM Market by Deployment
10.3.6.3 India Healthcare RCM Market
10.3.6.3.1 India Healthcare RCM Market by Component
10.3.6.3.2 India Healthcare RCM Market by Product
10.3.6.3.3 India Healthcare RCM Market by Deployment
10.3.6.4 Japan Healthcare RCM Market
10.3.6.4.1 Japan Healthcare RCM Market by Component
10.3.6.4.2 Japan Healthcare RCM Market by Product
10.3.6.4.3 Japan Healthcare RCM Market by Deployment
10.3.6.5 South Korea Healthcare RCM Market
10.3.6.5.1 South Korea Healthcare RCM Market by Component
10.3.6.5.2 South Korea Healthcare RCM Market by Product
10.3.6.5.3 South Korea Healthcare RCM Market by Deployment
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Healthcare RCM Market Overview
10.4.2 Middle East and Africa Healthcare RCM Market Forecasts and Analysis
10.4.3 Middle East and Africa Healthcare RCM Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Healthcare RCM Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa Healthcare RCM Market Forecasts and Analysis - By Deployment
10.4.6 Middle East and Africa Healthcare RCM Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Healthcare RCM Market
10.4.6.1.1 South Africa Healthcare RCM Market by Component
10.4.6.1.2 South Africa Healthcare RCM Market by Product
10.4.6.1.3 South Africa Healthcare RCM Market by Deployment
10.4.6.2 Saudi Arabia Healthcare RCM Market
10.4.6.2.1 Saudi Arabia Healthcare RCM Market by Component
10.4.6.2.2 Saudi Arabia Healthcare RCM Market by Product
10.4.6.2.3 Saudi Arabia Healthcare RCM Market by Deployment
10.4.6.3 U.A.E Healthcare RCM Market
10.4.6.3.1 U.A.E Healthcare RCM Market by Component
10.4.6.3.2 U.A.E Healthcare RCM Market by Product
10.4.6.3.3 U.A.E Healthcare RCM Market by Deployment
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Healthcare RCM Market Overview
10.5.2 South and Central America Healthcare RCM Market Forecasts and Analysis
10.5.3 South and Central America Healthcare RCM Market Forecasts and Analysis - By Component
10.5.4 South and Central America Healthcare RCM Market Forecasts and Analysis - By Product
10.5.5 South and Central America Healthcare RCM Market Forecasts and Analysis - By Deployment
10.5.6 South and Central America Healthcare RCM Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Healthcare RCM Market
10.5.6.1.1 Brazil Healthcare RCM Market by Component
10.5.6.1.2 Brazil Healthcare RCM Market by Product
10.5.6.1.3 Brazil Healthcare RCM Market by Deployment
10.5.6.2 Argentina Healthcare RCM Market
10.5.6.2.1 Argentina Healthcare RCM Market by Component
10.5.6.2.2 Argentina Healthcare RCM Market by Product
10.5.6.2.3 Argentina Healthcare RCM Market by Deployment
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HEALTHCARE RCM MARKET, KEY COMPANY PROFILES
12.1. CHANGE HEALTHCARE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CONVERGENT OUTSOURCING, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DELL
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DRCHRONO INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GENERAL ELECTRIC COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. LEIDOS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NAVIGANT CONSULTING, INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NTHRIVE, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. R1 RCM INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. XEROX CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Change Healthcare
2. Convergent Outsourcing, Inc.
3. Dell Inc.
4. drchrono Inc.
5. GENERAL ELECTRIC COMPANY
6. Leidos
7. Navigant Consulting, Inc.
8. nThrive, Inc.
9. R1 RCM Inc.
10. Xerox Corporation