Global Revenue Cycle Management (RCM) Market Size By Product, By Deployment, By End User and Geographic Scope And Forecast
Revenue Cycle Management (RCM) Market Size And Forecast
Revenue Cycle Management (RCM) Market was valued at USD 93.38 Billion in 2019 and is projected to reach USD 241.93 Billion by 2027, growing at a CAGR of 12.6% from 2020 to 2027.
The Global Revenue Cycle Management (RCM) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Revenue Cycle Management (RCM) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Global Revenue Cycle Management (RCM) Market Overview
Increasing demand comes from the government initiatives which is expected to augment market growth. Technological innovations for the development of cost-effective products are also expected to have a positive impact on growth. In addition, increasing product application scope owing to its advantages, such as reducing billing errors and better process in healthcare management is expected to fuel the demand for revenue cycle management. Cloud-based demand for RCM solutions and increased consolidation between companies offering end-to-end solutions are further boosting a variety of opportunities which will lead to growth in the RCM market over the forecast period.
This report provides an all-inclusive environment of the analysis for the Global Revenue Cycle Management (RCM) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Revenue Cycle Management (RCM) Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Global Revenue Cycle Management (RCM) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Global Revenue Cycle Management (RCM) Market.
Frequently Asked Questions (FAQs)
Global Revenue Cycle Management (RCM) Market Segmentation Analysis
The Global Revenue Cycle Management (RCM) Market is segmented based on Product, Deployment, End User and Geography.
Key Players In Revenue Cycle Management (RCM) Market
The Global Revenue Cycle Management (RCM) Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Cerner Corporation, Eclinicalworks, LLC, Epic Systems Corporation, Gebbs Healthcare Solutions, GE Healthcare, Experian PLC, Mckesson Corporation, Quest Diagnostics Incorporated, Athenahealth, Inc., and Allscripts Healthcare Solutions Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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Revenue cycle management (RCM) is the financial process, utilizing medical billing software, which healthcare facilities use to track patient care episodes from registration and appointment scheduling ...