Revenue Cycle Management Market Outlook, Opportunities, Challenges, Trends, Size
and Growth, Competitive Analysis, Major Competitors and Porter Analysis
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Revenue Cycle Management Market
The worldwide revenue cycle management market is witnessing considerable growth due to
increasing regulatory requirements for the usage of revenue cycle management, increase in
recovery audits due to changing healthcare regulations and increasing government support
for revenue cycle management. Moreover, process improvements in healthcare organizations,
increasing prevalence of chronic diseases and growing geriatric population are resulting in
increased demand of revenue cycle management. Increasing number of patients and growth
in demand for health insurance, increasing healthcare delivery cost, and decline in
reimbursement rates are further supporting the market growth. Based on product type, the
market for integrated segment is estimated to increase at the faster rate during the forecast
period, due to increasing demand of integrated solution to achieve process efficiency and cost
reduction. Based on deployment method, the market for web-based segment leads the global
market due to growing demand for mobile support system for better patient engagement
solution.
Revenue Cycle Management Market
Geographically, North America has been the largest market for revenue cycle
management, owing to presence of large number of market players and compliance
encouraging the use of revenue cycle management solution in the region. The U.S.
contributed largest revenue to the North American as well as global revenue cycle
management market. Some of the major trends of the U.S. revenue cycle management
market are revenue cycle management outsourcing, single payer systems, and
declining reimbursement rates promoting value based payment models and predictive
analytics. Increase in recovery audits due to changing healthcare regulations and
increased investment in healthcare IT solution are driving the growth of the U.S.
revenue cycle management market. Globally, the revenue cycle management market is
expected to witness the fastest growth in Asia-Pacific during the forecast period. The
highest growth in the region is attributed to increasing demand for healthcare
insurance, growing geriatric population, increasing prevalence of chronic diseases and
increasing demand for better healthcare in the region.
Revenue Cycle Management Market
Key competitors are introducing new and innovative
products Revenue Cycle Management Market
The key players operating in the global market are Cerner Corporation, McKesson
Corporation, Athenahealth Inc., Eclinicalworks LLC., Quest Diagnostics Incorporated,
Allscripts Healthcare Solutions Inc., GE Healthcare, and Epic Systems Corporation.
Revenue Cycle Management Market
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