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Global healthcare revenue cycle management market trends to 2022 explored in latest research

Healthcare service providers deploy automated systems to address the RCM processes and to fill the payment gap that arises from the processes of medical billing and collections.

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The IT applications, such as hospital information system and EHR, have outdated technology platforms that lack advanced functionalities needed to address RCM issues.

Hospitals and health systems prefer to outsource the RCM services due to the issues pertaining to revenue cycle processes and workflows.

This report studies the global Healthcare Revenue Cycle Management market, analyzes and researches the Healthcare Revenue Cycle Management development status and forecast in United States, EU, Japan, China, India and Southeast Asia.

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This report focuses on the top players in global market, like

GE Healthcare

Meditech

Allscripts Healthcare Solutions

Cerner

Carecloud

AGS health

Conifer Health Solutions

Accretive Health

Genpac

Athenahealth

Dell

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Integrated healthcare revenue cycle management market size was valued at over USD 34 billion grabbing over 85% of revenue share in 2015 due to the increasing shift in the healthcare business from volume based payment to value based systems. Majority of physicians prefer integrated software in order to cope with declining profitability owing to inefficient standalone billing technologies, and diminishing reimbursements.

Physicians anticipate practice dissolution to large physician groups in case of not using upgraded, and integrated revenue cycle management products. Most of the buyers are interested in purchasing integrated revenue cycle management solutions comprising of electronic health records, medical billing, and patient scheduling applications among others.

Cloud-based revenue cycle management solution is the major industry shareholder, with target market size slated to exceed USD 80 billion by 2024, due to increasing demand for better consumer platforms at affordable costs. The number of application service providers has recently increased in response to the growing trend for revenue cycle management outsourcing.

Cloud-based solutions are relatively less expensive in comparison to the on-premise systems, and allow businesses to avoid IT hardware and support IT staff costs. Thus, the affordable costs and convenience of implementation should make cloud deployment as a popular deployment model over the forecast period.

Download sample pages of this report: goo.gl/1dtBjp

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