Top players operating in revenue cycle management market include McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.). Global revenue cycle management market is projected to reach USD 80.56 Billion by 2021 from USD 45.52 Billion in 2016, at a CAGR of 12.1% from 2016 to 2021.
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Global revenue cycle management market is segmented on the basis of product, component, deployment, end user, and region. In 2016, the integrated RCM segment is expected to account for the largest share of the market and is expected to grow the highest CAGR during the forecast period.
Increasing demand for integrated solutions, which play an integral role in improving process efficiency and cost reduction is the major factor driving the growth of the integrated RCM segment.
Stakeholders Included in This Research
- Healthcare equipment manufacturers
- Healthcare IT vendors
- Healthcare IT service providers
- Healthcare providers
- Healthcare payers
- Healthcare consultants
- Healthcare associations/institutions
- Business research and consulting service providers
Global revenue cycle management market is segmented on the basis of product, component, deployment, end user, and region. On the basis of component, the revenue cycle management market is divided into services and software.
The services segment is expected to account for the largest share of the revenue cycle management component market in 2016.
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Revenue cycle management market is segmented into integrated RCM and standalone RCM. The integrated segment is expected to account for largest share of revenue cycle management product market in 2016.
Shift in healthcare industry from volume-based payment to value-based payment systems; and streamlined & coordinated multiple financial functions through a single platform with use of integrated RCM are factors attributing to growth of this segment.
1 Revenue Cycle Management: Market Overview
2 North America: Market, By Deployment
3 Market: Geographic Growth Opportunities
4 Market, By End User
5 Market, By Component
Growth in revenue cycle management market is driven by regulatory compliance encouraging the use of RCM solutions, government support, increasing number of patients, and process improvements in healthcare organizations brought about by RCM. In addition, vendor consolidation to provide end-to-end solutions, cloud-based solutions, and potential RCM markets for IT vendors are expected to offer growth opportunities for market players.
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2 Market Player Ranking
3 Competitive Situation and Trends
4 Agreements, Collaborations, and Partnerships
5 Product & Service Launches
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