databridgemarketresearch.com presents " Global Revenue Cycle Management (RCM) Market – Industry Trends and Forecast to 2024”, the global revenue cycle management market has accounted to USD 51.6 billion in 2016, growing at a CAGR of 12.7% from 2017 to 2024, is expected to reach USD 133.6 billion by 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Revenue Cycle Management (RCM) Market By Product Type (Integrated RCM, Standalone RCM), By Stage (Front Office, Mid Office, Back Office), By End User (Hospitals, General Physicians, Labs, Others), By Deployment (Web-based, On-premise, Cloud-based), By Component (Software, Services), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) –Industry Trends and Forecast to 2024
In this report, the revenue cycle management market is segmented on the basis of product type, deployment, component, stage, end-user, and geography.
Based on type the market is further segmented into integrated RCM and standalone RCM.
On the basis of product type RCM solutions are segmented into standalone and integrated RCM. The integrated RCM solution are generally used by larger organizations where integration with other healthcare IT products such as RIS, LIS, PACS, HER among others to form a more holistic process for billing and claim settlements.
Based on end-users the market is segmented into hospitals, laboratories, and physicians and others.
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S.
Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market.
MAJOR PLAYERS OF THE GLOBAL REVENUE CYCLE MANAGEMENT (RCM) MARKET:
- McKesson Corporation
- Cerner Corporation
- Quest Diagnostics
- Athena Health, Inc.
- CareCloud Corporation
- The SSI Groups, Inc.
- GE Healthcare
- Epic Systems
- Siemens Healthcare
- Kareo, Inc.
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