Revenue Cycle Management Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
Revenue cycle management is a software used for medical activities such as medical billing, scheduling of appointments, keeping a track of the patient's registration and tracking final payments. Primary objective to implement this system in a healthcare organization is to develop effective policies and processes that enable organizations to stay financially fit.
The RCM system combines the clinical part of the medical sector to the business part of it and thus combining administrative data like insurance provider details, and patient name with the treatment type.
The Revenue Cycle Management (RCM) market is estimated to represent a global market of USD 27.2 billion by 2017 with growth rate of 11.6%.
Top Companies Covered in this report:
Cerner Corporation, NextGen Healthcare, EPIC Systems, eClinicalWorks, and Quest Diagnostics
Request sample copy at: www.reportsweb.com/inquiry…160/sample
Favorable government policies play an important role in stimulating the demand for revenue cycle management. For instance, the Affordable Care Act (ACA) implemented in the U.S., focuses on expanding health insurance coverage to individuals.
The act is aimed to improve the quality of healthcare services and reduce the cost of care. The expanding insurance coverage is anticipated to increase the number of reimbursements as well as denials that need to be managed through RCM.
Additionally, rising healthcare spending will increase the number of medical facilities thus the demand for solutions such as revenue cycle management systems to manage healthcare services. However, the dearth of skilled professionals who can efficiently manage this system hampers the overall industry growth.
Based on product types, the industry is categorized as Software and Services. Services segment is the largest market and it appears to be growing at a strong rate during the study period.
Services are particularly focused on billing & administrative function of the organization. Services such as clinical documentation, patient health information entry, medical coding, charge capture, and patient accounts management are mostly outsourced to medical facilities.
Have any query? Enquire about report at: www.reportsweb.com/inquiry…160/buying
Fundamentals of Table of Content:
Section 1 Revenue Cycle Management Definition
Section 2 Global Revenue Cycle Management Market Major Player Share And Market Overview
Section 3 Major Player Revenue Cycle Management Business Introduction
Section 4 Global Revenue Cycle Management Market Segmentation (Region Level)
Section 5 Global Revenue Cycle Management Market Segmentation (Type Level)
Section 6 Global Revenue Cycle Management Market Segmentation (Industry Level)
Section 7 Global Revenue Cycle Management Market Segmentation (Channel Level)
Section 8 Revenue Cycle Management Market Forecast 2018-2022
Section 9 Revenue Cycle Management Segmentation Type
Section 10 Revenue Cycle Management Segmentation Industry
Section 11 Revenue Cycle Management Cost Analysis
Section 12 Conclusion
Get complete report at: www.reportsweb.com/inquiry…0/discount
Category: Market Research Publishers and RetailersCompany about: ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
For more information:Make an Inquiry about this report HERE!