Revenue Cycle Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product (Integrated Solutions, Standalone); Function (Claim and Denial, Medical Coding, Insurance Verification); Deployment (Web based, on premise, Cloud based); End User (Hospitals, Physicians, Lab) Liquid)
Report Code: TIPRE00010467 | No. of Pages: 150 | Category: Healthcare IT | Status: Upcoming
MARKET INTRODUCTION
Revenue cycle management is the process used by healthcare systems to track the revenue from patients, from their initial appointment or encounter with the healthcare system to their final payment of the balance. The cycle can be defined as all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. It is a cycle that describes and explains the life cycle of a patient.
MARKET DYNAMICS
The revenue cycle management market is majorly driven by supportive growth through regulatory compliance, increasing healthcare spending, growing demand for cloud-based solutions, and growing market for outsourced RCM solutions. However, factors such as high costs associated with RCM deployment and scarcity of trained professionals are expected to be the restraining factors for the RCM market growth during the forecast period. Also, an increase in healthcare expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced healthcare systems, thereby driving the RCM market growth.
MARKET SCOPE
The "Revenue Cycle Management Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of in revenue cycle management market with detailed market segmentation by product, function, deployment and end user. The revenue cycle management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading revenue cycle management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The revenue cycle management market is segmented on the basis of product, function, deployment and end user. Based on product the market is segmented as integrated solutions, and standalone. On the basis of function, the market is categorized as claim & denial, medical coding and insurance verification. On the basis of deployment, the market is categorized as web based, on premise, cloud based. On the basis of end user, the market is categorized as hospitals, physicians and lab.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in revenue cycle management market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The revenue cycle management 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 revenue cycle management market from both demand and supply side and further evaluates market dynamics affecting the market during 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 revenue cycle management market in these regions.
The report covers key developments in the in revenue cycle management 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 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 players from in revenue cycle management market are anticipated to have lucrative growth opportunities in the future with the rising demand for in revenue cycle management market in the global market. Below mentioned is the list of few companies engaged in the revenue cycle management market.
The report also includes the profiles of key in revenue cycle management 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.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
Revenue cycle management is the process used by healthcare systems to track the revenue from patients, from their initial appointment or encounter with the healthcare system to their final payment of the balance. The cycle can be defined as all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. It is a cycle that describes and explains the life cycle of a patient.
MARKET DYNAMICS
The revenue cycle management market is majorly driven by supportive growth through regulatory compliance, increasing healthcare spending, growing demand for cloud-based solutions, and growing market for outsourced RCM solutions. However, factors such as high costs associated with RCM deployment and scarcity of trained professionals are expected to be the restraining factors for the RCM market growth during the forecast period. Also, an increase in healthcare expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced healthcare systems, thereby driving the RCM market growth.
MARKET SCOPE
The "Revenue Cycle Management Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of in revenue cycle management market with detailed market segmentation by product, function, deployment and end user. The revenue cycle management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading revenue cycle management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The revenue cycle management market is segmented on the basis of product, function, deployment and end user. Based on product the market is segmented as integrated solutions, and standalone. On the basis of function, the market is categorized as claim & denial, medical coding and insurance verification. On the basis of deployment, the market is categorized as web based, on premise, cloud based. On the basis of end user, the market is categorized as hospitals, physicians and lab.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in revenue cycle management market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The revenue cycle management 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 revenue cycle management market from both demand and supply side and further evaluates market dynamics affecting the market during 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 revenue cycle management market in these regions.
The report covers key developments in the in revenue cycle management 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 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 players from in revenue cycle management market are anticipated to have lucrative growth opportunities in the future with the rising demand for in revenue cycle management market in the global market. Below mentioned is the list of few companies engaged in the revenue cycle management market.
The report also includes the profiles of key in revenue cycle management 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.
- Allscripts Healthcare Solutions, Inc.
- Athenahealth, Inc.
- Cerner Corporation
- Eclinicalworks, LLC
- Epic Systems Corporation
- Experian PLC
- GE Healthcare
- Gebbs Healthcare Solutions
- Mckesson Corporation
- Quest Diagnostics Incorporated
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
The List of Companies
1. Allscripts Healthcare Solutions, Inc.
2. Athenahealth, Inc.
3. Cerner Corporation
4. Eclinicalworks, LLC
5. Epic Systems Corporation
6. Experian PLC
7. GE Healthcare
8. Gebbs Healthcare Solutions
9. Mckesson Corporation
10. Quest Diagnostics Incorporated
1. Allscripts Healthcare Solutions, Inc.
2. Athenahealth, Inc.
3. Cerner Corporation
4. Eclinicalworks, LLC
5. Epic Systems Corporation
6. Experian PLC
7. GE Healthcare
8. Gebbs Healthcare Solutions
9. Mckesson Corporation
10. Quest Diagnostics Incorporated
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