The global “revenue cycle management (RCM) market Growth” 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 Market Analysis, Insights and Forecast, 2019-2026,” the global revenue cycle management (RCM) market 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 market was valued at US$ 86,811.4 Mn in 2018.

In recent years, outpatient revenue has grown at a rapid pace and it has led to a sudden surge in the demand for RCM solutions. For example, data released by the American Hospital Association in 2019 shows that net outpatient revenue increased by 5.7% from 2016 to 2017, standing at $472 billion in 2017. This is indicative of the rising preference for outpatient care which has significantly added to healthcare revenue cycles and raised the demand for RCM tools.

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Highlights of the Revenue Cycle Management Market Report Include:

Microscopic study of the various factors driving and restraining the market
Careful classification and research of the market segments
Accurate computation of market figures
Comprehensive analysis of the regional dynamics and competitive landscape
Key Players Operating in The Revenue Cycle Management Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

Conifer Health Solutions, LLC
McKesson Corporation
R1 RCM Inc.
Epic Systems Corporation
GeBBS Healthcare Solutions
eClinicalWorks
Cerner
athenahealth, Inc.
Allscripts Healthcare, LLC
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The report focuses on global major leading industry players of market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Revenue Cycle Management Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Revenue Cycle Management Market Size by analysing historical data and future prospect.

With tables and figures helping analyse worldwide Revenue Cycle Management Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Advent of IT and Analytics in Healthcare Industry Boosts the Market

“Cloud-based solutions are in high demand across the world for seamless data sharing,” stated a lead analyst at Fortune Business Insights. “Several companies are increasingly adopting cloud-based platforms to offer advanced revenue cycle management services,” he added. Robust government initiatives, coupled with decrease in healthcare reimbursements, are likely to drive the RCM market in the coming years. The rising use of analytical tools and IT in the healthcare industry is expected to increase the revenue generated by the RCM market between 2018 and 2025.

Lack of Experts and High Deployment Cost of RCM Solutions May Limit Growth

Certain factors may negatively impact the growth of the RCM market. Dearth of well-trained professionals is the primary reason that may hamper the growth of the market in the coming years. In addition to this, high deployment costs associated with the RCM solutions are likely to restrict the growth of the market. Another challenge hindering the RCM market’s growth is denial identification. According to the Healthcare Information and Management Systems Society or HIMSS, around 31% of the healthcare providers are still using manual claims for denial identification.

Objective of Studies:

To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
To provide insights about factors affecting the market growth. To analyse the Revenue Cycle Management Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Revenue Cycle Management Market.
To provide country level analysis of the market with respect to the current Revenue Cycle Management Market size and future prospective.
To provide country level analysis of the market for segment by application, product type and sub-segments.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the global Revenue Cycle Management Market.
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Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Statistical overview of hospital admissions- For key countries,2018
Technological advancements in revenue cycle management process
New product launch
Key start-ups with their funding overview
Regulatory scenario - For key countries,2018
Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
Global Revenue Cycle Management Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Structure
In-house
Outsource
Market Analysis, Insights and Forecast – By Function
Claims & Denial Management
Medical Coding & Billing
Clinical Documentation Improvement (CDI)
Insurance
Others
Market Analysis, Insights and Forecast – By Type
Software
Services
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Latin America
Middle East & Africa
North America Revenue Cycle Management Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Structure
In-house
Outsource
Market Analysis, Insights and Forecast – By Function
Claims & Denial Management
Medical Coding & Billing
Clinical Documentation Improvement (CDI)
Insurance
Others
Market Analysis, Insights and Forecast– By Type
Software
Services
Market Analysis, Insights and Forecast– By Country
S.
Canada
Continued...

This Report Answers the Following Questions:

What are the Revenue Cycle Management Market trends and growth drivers?
How many segments does the market contain?
What are the opportunities and challenges that the market may face?
How are the key players keeping up with the changing consumer behavior?
What are the latest industry developments?
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