The latest update of “Global Revenue Cycle Management (RCM) Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Revenue Cycle Management (RCM) Market.
Overview of the Revenue Cycle Management (RCM) Market:
The process of revenue cycle management begins with the gathering of information from the patient. Prior authorization and eligibility verification must take place prior to delivering services, to ensure the correct amount is billed to the correct payer. Using a verification checklist helps ensure that vital information is collected, including insurance information and demographics. In addition, the revenue cycle starts before the service is actually rendered, so there is no risk of miscommunication or inaccuracy. The first step of revenue cycle management is preregistration. During this step, a medical practice can gather the necessary information about a patient's insurance coverage. Once the patient has preregistered, the system will inform the provider of the patient's insurance coverage.
Drivers:
The huge generation of unstructured and structured data across the healthcare sector amidst mounting admissions in hospitals is expected to augment the growth of the global revenue cycle management (RCM) market during the forecast period. Furthermore, the growing demand for workflow management solutions for medical appointments is expected to further cushion the growth of the global revenue cycle management (RCM) market over the forecast period. For instance, in November 2021, a major medical coding provider, Nym Health, announced plans to expand its CLU (clinical language understanding) platform’s capabilities in New York City to cater to the growing demand for RCM (revenue cycle management) models within healthcare settings.
Restraints:
The regular problems associated with software compatibility combined with the high deployment cost of this software are expected to limit the growth of the global revenue cycle management (RCM) market.
Regional Insights:
In the territorial breakdown, North America has a commanding position in the global revenue cycle management (RCM) market on the heels of wider acceptance among ambulatory surgical centers (ASCs), the presence of major software providers, and increasing online appointments.
Another noteworthy region is Asia Pacific, which is performing well for the global revenue cycle management (RCM) solutions market due to the flourishing SaaS (Software-as-a-Service) industry, growing adoption of EHRs (electronic health records), and a large patient pool.
Competitive Landscape:
- Major companies contributing to the global revenue cycle management (RCM) market include Conifer Health Solutions, Experian, 3M, Change Healthcare, Optum, McKesson Corporation, R1 RCM, Cerner Corporation, SSI Group LLC, AdvantEdge Healthcare, Athenahealth, Cognizant, GE Healthcare, and Allscripts Healthcare Solutions.
- In December 2021, Omega Healthcare partnered with FelixHealthcare.AI to deliver innovative revenue cycle management (RCM) solutions.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Revenue Cycle Management (RCM) Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Revenue Cycle Management (RCM) Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- R1 RCM (US)
- Cerner Corporation (US)
- Optum (US)
- 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)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Revenue Cycle Management (RCM) Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Patient Access Solutions
- Eligibility Verification Solutions
- Pre-certification & Authorization Solutions
- Other Patient Access Solutions
- Mid-Revenue cycle Solutions
- Clinical Coding Solutions
- Clinical Documentation Improvement Solutions
- Other Mid-revenue cycle Solutions
By Applications, the market is segmented into:
- Healthcare Providers
- Inpatient Facilities
- Hospitals
- Others
- Outpatient Facilities
- Physicians Practices
- Ambulatory Surgical Centers (ASCs)
- Hospital Outpatient Facilities
- Diagnostic & Imaging Centers
- Other Outpatient Facilities
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Revenue Cycle Management (RCM) Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Revenue Cycle Management (RCM) Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Revenue Cycle Management (RCM) Market
1.6.1 How the Covid-19 is Affecting the Revenue Cycle Management (RCM) Market
1.6.1.1 Revenue Cycle Management (RCM) Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Revenue Cycle Management (RCM) Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Revenue Cycle Management (RCM) Market Perspective (2015-2028)
2.2 Revenue Cycle Management (RCM) Market Growth Trends by Regions
2.2.1 Revenue Cycle Management (RCM) Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Revenue Cycle Management (RCM) Market Historic Market Share by Regions (2015-2021)
2.2.3 Revenue Cycle Management (RCM) Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Revenue Cycle Management (RCM) Market Growth Strategy
2.3.6 Primary Interviews with Key Revenue Cycle Management (RCM) Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Revenue Cycle Management (RCM) Market Players by Market Size
3.1.1 Global Top Revenue Cycle Management (RCM) Market Players by Revenue (2015-2021)
3.1.2 Global Revenue Cycle Management (RCM) Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Revenue Cycle Management (RCM) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Revenue Cycle Management (RCM) Market Concentration Ratio
3.2.1 Global Revenue Cycle Management (RCM) Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Revenue Cycle Management (RCM) Market Revenue in 2019
3.3 Revenue Cycle Management (RCM) Market Key Players Head office and Area Served
3.4 Key Players Revenue Cycle Management (RCM) Market Product Solution and Service
3.5 Date of entering into Revenue Cycle Management (RCM) Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Revenue Cycle Management (RCM) Market Historic Market Size by Type (2015-2021)
4.2 Global Revenue Cycle Management (RCM) Market Forecasted Market Size by Type (2021-2028)
5 Revenue Cycle Management (RCM) Market Breakdown Data by Application (2015-2028)
5.1 Global Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
5.2 Global Revenue Cycle Management (RCM) Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Revenue Cycle Management (RCM) Market Size (2015-2021)
6.2 Revenue Cycle Management (RCM) Market Key Players in North America (2019-2021)
6.3 North America Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
6.4 North America Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
7 Europe
7.1 Europe Revenue Cycle Management (RCM) Market Size (2015-2021)
7.2 Revenue Cycle Management (RCM) Market Key Players in Europe (2019-2021)
7.3 Europe Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
7.4 Europe Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
8 China
8.1 China Revenue Cycle Management (RCM) Market Size (2015-2021)
8.2 Revenue Cycle Management (RCM) Market Key Players in China (2019-2021)
8.3 China Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
8.4 China Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
9 Japan
9.1 Japan Revenue Cycle Management (RCM) Market Size (2015-2021)
9.2 Revenue Cycle Management (RCM) Market Key Players in Japan (2019-2021)
9.3 Japan Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
9.4 Japan Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Revenue Cycle Management (RCM) Market Size (2015-2021)
10.2 Revenue Cycle Management (RCM) Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
10.4 Southeast Asia Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
11 India
11.1 India Revenue Cycle Management (RCM) Market Size (2015-2021)
11.2 Revenue Cycle Management (RCM) Market Key Players in India (2019-2021)
11.3 India Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
11.4 India Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Revenue Cycle Management (RCM) Market Size (2015-2021)
12.2 Revenue Cycle Management (RCM) Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Revenue Cycle Management (RCM) Market Size by Type (2015-2021)
12.4 Central & South America Revenue Cycle Management (RCM) Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Revenue Cycle Management (RCM) Market Introduction
13.4 Revenue Cycle Management (RCM) Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Revenue Cycle Management (RCM) Market Key Market Segments
Table 2. Key Players Covered: Ranking by Revenue Cycle Management (RCM) Market Revenue
Table 3. Ranking of Global Top Revenue Cycle Management (RCM) Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Revenue Cycle Management (RCM) Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Revenue Cycle Management (RCM) Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Revenue Cycle Management (RCM) Market Players to Combat Covid-19 Impact
Table 10. Global Revenue Cycle Management (RCM) Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Revenue Cycle Management (RCM) Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Revenue Cycle Management (RCM) Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Revenue Cycle Management (RCM) Market Share by Regions (2015-2021)
Table 14. Global Revenue Cycle Management (RCM) Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Revenue Cycle Management (RCM) Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Revenue Cycle Management (RCM) Market Growth Strategy
Table 20. Main Points Interviewed from Key Revenue Cycle Management (RCM) Market Players
Table 21. Global Revenue Cycle Management (RCM) Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Revenue Cycle Management (RCM) Market Share by Players (2015-2021)
Table 23. Global Top Revenue Cycle Management (RCM) Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Revenue Cycle Management (RCM) Market as of 2019)
Table 24. Global Revenue Cycle Management (RCM) Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Revenue Cycle Management (RCM) Market Product Solution and Service
Table 27. Date of entering into Revenue Cycle Management (RCM) Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 30. Global Revenue Cycle Management (RCM) Market Size Share by Type (2015-2021)
Table 31. Global Revenue Cycle Management (RCM) Market Revenue Market Share by Type (2021-2028)
Table 31. Global Revenue Cycle Management (RCM) Market Size Share by Application (2015-2021)
Table 33. Global Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 34. Global Revenue Cycle Management (RCM) Market Size Share by Application (2021-2028)
Table 35. North America Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 37. North America Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 38. North America Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 39. North America Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 40. North America Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 41. Europe Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 43. Europe Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 45. Europe Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 47. China Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 49. China Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 50. China Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 51. China Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 52. China Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 53. Japan Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 55. Japan Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 57. Japan Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 61. Southeast Asia Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 63. Southeast Asia Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 65. India Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 67. India Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 68. India Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 69. India Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 70. India Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Revenue Cycle Management (RCM) Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Revenue Cycle Management (RCM) Market Share (2019-2021)
Table 73. Central & South America Revenue Cycle Management (RCM) Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Revenue Cycle Management (RCM) Market Share by Type (2015-2021)
Table 75. Central & South America Revenue Cycle Management (RCM) Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Revenue Cycle Management (RCM) Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Revenue Cycle Management (RCM) Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Revenue Cycle Management (RCM) Market Share by Type: 2021 VS 2028
Figure 2. Global Revenue Cycle Management (RCM) Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Revenue Cycle Management (RCM) Market Report Years Considered
Figure 8. Global Revenue Cycle Management (RCM) Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Revenue Cycle Management (RCM) Market Share by Regions: 2021 VS 2028
Figure 10. Global Revenue Cycle Management (RCM) Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Revenue Cycle Management (RCM) Market Share by Players in 2019
Figure 13. Global Top Revenue Cycle Management (RCM) Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Revenue Cycle Management (RCM) Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Revenue Cycle Management (RCM) Market Revenue in 2019
Figure 15. North America Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Revenue Cycle Management (RCM) Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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