Revenue Cycle Management Market

Revenue Cycle Management Market Segment Analysis

By type, the global revenue cycle management market is segmented into standalone and integrated.  The integrated RCM segment dominated revenue cycle management market share during the forecast period. This is due to improved healthcare infrastructure, increased healthcare-related expenditures to cater to untapped markets in developing countries, challenges encountered during accounts receivable (AR) management and claims processing, and a rise in the need to reduce cycle time.

On the basis of component, the revenue cycle management market is categorized into Software and Services. The services segment dominates the growth in the revenue cycle management market. This is due to improvement in healthcare infrastructure and healthcare expenditures to cater to the unmet medical needs in developing regions, which boosts the demand for RCM services. Revenue cycle management (RCM) software unites the business and clinical sides of a health care practice through the automation of administrative tasks, the extraction of data from EHRs and other hospital information management solutions, and the organization of existing RCM processes.

On-premise and cloud is the bifurcation of global revenue cycle management market by deployment. The on premise segment is expected to dominate the market. The growing demand for mobile support systems for better customer (patient) engagement platforms is responsible for this segment's large share. By using machine learning algorithms and predictive analytics to reduce drug discovery times, provide virtual assistance to patients, and reduce the time it takes to diagnose ailments by processing medical images, the combination of data and artificial intelligence (AI) has the potential to improve outcomes and reduce costs. These come under the cloud segment. The use of artificial intelligence (AI) in healthcare is increasing due to its ability to optimize clinical and non-clinical processes, thereby solving a variety of problems for patients, providers, and the healthcare industry as a whole.

Revenue Cycle Management Market Players

The key market players of revenue cycle management market include R1 RCM (US), Cerner Corporation (US), Optum (US). Other prominent players in the market include McKesson Corporation (US), Change Healthcare (US), 3M (US), Experian plc (Ireland), Conifer Health Solutions (US), Allscripts Healthcare Solutions (US), GE Healthcare (US), Cognizant (US), Athenahealth (US), SSI Group LLC (US), AdvantEdge Healthcare (US), and Huron Consulting Group (US).

New strategies such as product launches, enhancements, partnerships, collaborations, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the market.

Who Should Buy? Or Key Stakeholders

• Hospitals
• Physicians
• Diagnostic & Ambulatory Care Centers
• Medical Laboratories

• The global revenue cycle management market is expected to grow at a CAGR of 10.6% during the forecast period.
• Based on type, the integrated RCM segment dominated revenue cycle management market share during the forecast period.
• Based on components, the services segment dominates the growth in the revenue cycle management market.
• Based on deployment, the on premise segment is expected to dominate the market.
• Based on regional market share the market for Middle east and Africa is expected to dominate during the forecast period.
• The major trend in the Revenue Cycle Management Market is the increasing adoption of artificial intelligence and automation to streamline billing processes and improve revenue optimization.

Revenue Cycle Management Market Regional Analysis

Geographically, the revenue cycle management market is segmented into North America, South America, Europe, Asia Pacific and Middle East & Africa (MEA). Middle East & Africa is the fastest-growing market for revenue cycle management market during the forecast period. The rapid growth in this regional market can be attributed to government initiatives to promote digitalization, rising medical tourism, increased awareness, and increased demand for quality healthcare.

• Asia Pacific: includes China, Japan, South Korea, India, Australia, and Rest of APAC
• Europe: includes UK, Germany, France, Italy, Spain, and Rest of Europe
• North America: includes the US, Canada, Mexico
• South America: Brazil and Rest of South America
• Middle East & Africa: includes Saudi Arabia, South Africa, and Rest of MEA

[caption id="attachment_6070" align="alignnone" width="680"] Revenue Cycle Management Market | Exactitude Consultancy[/caption]

Key Market Segments: Global Revenue Cycle Management Market

Revenue Cycle Management Market by Type, 2020-2029 (In USD Million)

• Standalone
• Integrated

Revenue Cycle Management Market by Component, 2020-2029 (In USD Million)

• Services
• Software

Revenue Cycle Management Market by Deployment, 2020-2029 (In USD Million)

• On Premise
• Cloud

Revenue Cycle Management Market by Region, 2020-2029 (In USD Million)

• Asia Pacific
• Europe
• North America
• South America
• Middle East And Africa

Important countries in all regions are covered.

Key Question Answered

• What is the current scenario of the global revenue cycle management market?
• What are the emerging technologies for the development of revenue cycle management market?
• What are the historical size and the present size of the market segments and their future potential?
• What are the major catalysts for the market and their impact during the short, medium, and long terms?
• What are the evolving opportunities for the players in the market?
• Which are the key regions from the investment perspective?
• What are the key strategies being adopted by the major players to up their market shares?

1. Introduction
   
   
   
   1. Market Definition
   
   
   2. Market Segmentation
   
   
   3. Research Timelines
   
   
   4. Assumptions and Limitations
   
   
   
   


2. Research Methodology
   
   
   
   1. Data Mining
      
      
      
      1. Secondary Research
      
      
      2. Primary Research
      
      
      3. Subject-Matter Experts’ Advice
      
      
      
      
   
   
   2. Quality Checks
      
      
      
      1. Final Review
      
      
      
      
   
   
   3. Data Triangulation
      
      
      
      1. Bottom-Up Approach
      
      
      2. Top-Down Approach
      
      
      3. Research Flow
      
      
      
      
   
   
   4. Data Sources
   
   
   
   


3. Executive Summary


4. Market Overview
   
   
   
   1. Global Revenue Cycle Management Market Outlook
      
      
      
      1. Market Drivers
      
      
      2. Market Restraints
      
      
      3. Market Opportunities
      
      
      
      
   
   
   2. Impact Of Covid-19 On Revenue Cycle Management Market
   
   
   3. Porter’s Five Forces Model
      
      
      
      1. Threat From New Entrants
      
      
      2. Threat From Substitutes
      
      
      3. Bargaining Power Of Suppliers
      
      
      4. Bargaining Power Of Customers
      
      
      5. Degree Of Competition
      
      
      
      
   
   
   4. Industry Value Chain Analysis
   
   
   
   


5. Global Revenue Cycle Management Market By Type
   
   
   
   1. Standalone
   
   
   2. Integrated
   
   
   
   


6. Global Revenue Cycle Management Market By Component
   
   
   
   1. Services
   
   
   2. Software
   
   
   
   


7. Global Revenue Cycle Management Market By Deployment
   
   
   
   1. On Premise
   
   
   2. Cloud
   
   
   
   


8. Global Revenue Cycle Management Market By Region
   
   
   
   1. North America
      
      
      
      1. Us
      
      
      2. Canada
      
      
      3. Mexico
      
      
      
      
   
   
   2. South America
      
      
      
      1. Brazil
      
      
      2. Rest Of South America
      
      
      
      
   
   
   3. Europe
      
      
      
      1. Germany
      
      
      2. UK
      
      
      3. France
      
      
      4. Italy
      
      
      5. Spain
      
      
      6. Rest Of Europe
      
      
      
      
   
   
   4. Asia Pacific
      
      
      
      1. India
      
      
      2. China
      
      
      3. Japan
      
      
      4. South Korea
      
      
      5. Australia
      
      
      6. Rest Of Asia Pacific
      
      
      
      
   
   
   5. Middle East And Africa
      
      
      
      1. Saudi Arabia
      
      
      2. South Africa
      
      
      3. Rest Of Middle East And Africa
      
      
      
      
   
   
   
   


9. Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)


10. 
    
    
    
    1. Cerner Corporation
    
    
    2. eClinicalWorks
    
    
    3. Epic Systems Corporation
    
    
    4. GeBBSHealthcare Solutions
    
    
    5. GE Healthcare
    
    
    6. Experian PLC
    
    
    7. Mckesson Corporation
    
    
    8. Quest Diagnostics Incorporated
    
    
    9. Athenahealth, Inc.
    
    
    10. Allscripts Healthcare Solutions, Inc.
    
    
    
    

*The Company List Is Indicative

 

 

 

LIST OF TABLES

TABLE 1                GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 2                GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 3                GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 4                US REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 5                US REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 6                US REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 7                CANADA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 8                CANADA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 9                CANADA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 10              MEXICO REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 11              MEXICO REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 12              MEXICO REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 13              BRAZIL REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 14              BRAZIL REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 15              BRAZIL REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 16              ARGENTINA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 17              ARGENTINA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 18              ARGENTINA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 19              COLOMBIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 20              COLOMBIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 21              COLOMBIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 22              REST OF SOUTH AMERICA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 23              REST OF SOUTH AMERICA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 24              REST OF SOUTH AMERICA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 25              INDIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 26              INDIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 27              INDIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 28              CHINA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 29              CHINA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 30              CHINA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 31              JAPAN REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 32              JAPAN REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 33              JAPAN REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 34              SOUTH KOREA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 35              SOUTH KOREA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 36              SOUTH KOREA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 37              AUSTRALIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 38              AUSTRALIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 39              AUSTRALIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 40              SOUTH-EAST ASIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 41              SOUTH-EAST ASIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 42              SOUTH-EAST ASIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 43              REST OF ASIA PACIFIC REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 44              REST OF ASIA PACIFIC REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 45              REST OF ASIA PACIFIC REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 46              GERMANY REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 47              GERMANY REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 48              GERMANY REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 49              UK REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 50              UK REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 51              UK REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 52              FRANCE REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 53              FRANCE REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 54              FRANCE REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 55              ITALY REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 56              ITALY REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 57              ITALY REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 58              SPAIN REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 59              SPAIN REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 60              SPAIN REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 61              RUSSIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 62              RUSSIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 63              RUSSIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 64              REST OF EUROPE REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 65              REST OF EUROPE REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 66              REST OF EUROPE REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 67              UAE REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 68              UAE REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 69              UAE REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 70              SAUDI ARABIA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 71              SAUDI ARABIA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 72              SAUDI ARABIA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 73              SOUTH AFRICA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 74              SOUTH AFRICA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 75              SOUTH AFRICA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

TABLE 76              REST OF MIDDLE EAST AND AFRICA REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT (USD MILLIONS) 2020-2029

TABLE 77              REST OF MIDDLE EAST AND AFRICA REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT (USD MILLIONS) 2020-2029

TABLE 78              REST OF MIDDLE EAST AND AFRICA REVENUE CYCLE MANAGEMENT MARKET BY TYPE (USD MILLIONS) 2020-2029

 

LIST OF FIGURES

 

FIGURE 1             MARKET DYNAMICS

FIGURE 2             MARKET SEGMENTATION

FIGURE 3             REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4             DATA TRIANGULATION

FIGURE 5             BOTTOM-UP APPROACH

FIGURE 6             TOP-DOWN APPROACH

FIGURE 7             RESEARCH FLOW

FIGURE 8             GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9             GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY COMPONENT, USD MILLION, 2020-2029

FIGURE 10           GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY DEPLOYMENT, USD MILLION, 2020-2029

FIGURE 11           GLOBAL REVENUE CYCLE MANAGEMENT MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 12           PORTER’S FIVE FORCES MODEL

FIGURE 13           MARKET SHARE ANALYSIS

FIGURE 14           CERNER CORPORATION: COMPANY SNAPSHOT

FIGURE 15           ECLINICALWORKS: COMPANY SNAPSHOT

FIGURE 16           EPIC SYSTEMS CORPORATION: COMPANY SNAPSHOT

FIGURE 17           GEBBSHEALTHCARE SOLUTIONS: COMPANY SNAPSHOT

FIGURE 18           GE HEALTHCARE: COMPANY SNAPSHOT

FIGURE 19           EXPERIAN PLC: COMPANY SNAPSHOT

FIGURE 20           MCKESSON CORPORATION: COMPANY SNAPSHOT

FIGURE 21           QUEST DIAGNOSTICS INCORPORATED: COMPANY SNAPSHOT

FIGURE 22           ATHENAHEALTH, INC.: COMPANY SNAPSHOT

FIGURE 23           ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.: COMPANY SNAPSHOT