Major players operating in revenue cycle management market include McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.). The high pricing and costly maintenance of RCM solutions, scarcity of skilled IT professionals, and IT infrastructural constraints in developing markets are the major factors restraining the growth of this market.
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Revenue cycle management market is projected to reach USD 80.56 billion by 2021 from USD 45.52 billion in 2016, at a CAGR of 12.1% from 2016 to 2021. Factors like regulatory compliance encourage use of RCM solutions, government support, process improvements in health organizations brought about by RCM, & increasing number of patients and subsequent growth in insurance coverage are expected to drive growth of revenue cycle management market.
Target Audience of Research is as Follows
- Healthcare equipment manufacturers
- Healthcare IT vendors
- Healthcare IT service providers
- Healthcare providers
- Healthcare payers
- Healthcare consultants
- Healthcare associations/institutions
- Business research and consulting service providers
The integrated segment is expected to account for largest share of the global revenue cycle management product market in 2016. The shift in healthcare industry from volume-based payment to value-based payment systems; and streamlined and coordinated multiple financial functions through a single platform with the use of integrated RCM are factors attributing to the growth of this segment.
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In this report, global revenue cycle management market is segmented on basis of product, component, deployment, end user, & region. Services segment expected to account for largest share of revenue cycle management component market in 2016. Factors like dependence of healthcare organizations on consulting, training, maintenance services, & regular updating of software are contributing to growth of this segment.
#Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Market, By Product
7 Global Market, By Deployment
8 Global Market, By Function
9 Global Market, By End User
10 Global Market, By Region
11 Competitive Landscape
12 Company Profiles
More Details and Information “Revenue Cycle Management Market by Product type (Integrated RCM, Standalone RCM), Component (Services, Software), Deployment (Web-based, on premise, Cloud-based), End-User (Hospital, Physician, Laboratory, Pharmacy), Geography – Global Forecast to 2021” report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=346161 .
Growth in revenue cycle management market is driven by regulatory compliance encouraging the use of RCM solutions, government support, increasing number of patients, and process improvements in healthcare organizations brought about by RCM. In addition, vendor consolidation to provide end-to-end solutions, cloud-based solutions, and potential RCM markets for IT vendors are expected to offer growth opportunities for market players.
2 Market Player Ranking
3 Competitive Situation and Trends
4 Agreements, Collaborations, and Partnerships
5 Product & Service Launches
Revenue cycle management market is segmented on basis of product, component, deployment, end user, and region. In 2016, integrated RCM segment is expected to account for largest share of market and is expected to grow highest CAGR during forecast period. Increasing demand for integrated solutions, which play an integral role in improving process efficiency and cost reduction is major factor driving growth of integrated RCM segment.