Micro Market Monitor : European Revenue Cycle Management System (RCM) Market
NEW YORK, Sept. 24, 2014 /PRNewswire/ -- Revenue cycle management system (RCM) for healthcare providers enables healthcare organizations of all sizes to accelerate their revenue cycles. This is achieved by reducing the number of denied insurance claims, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and automating processes. The RCM solution starts when a patient enters the hospital. It automates business process leading to speedy patient and payer follow-up.
Globally, Europe is the second-largest revenue cycle management market, and is expected to reach a value of $1,198.6 million by 2018. It is projected to grow at a CAGR of 6.3%, from 2013 to 2018. This growth is attributed to the rise in the adoption of new and updated versions of RCM solutions. New projects have been initiated to meet the huge demand of the new versions of RCM solutions. Healthcare providers in Europe are now undergoing consolidation to improve purchasing capacity of RCM solutions.
The key players in the market include, Quest diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts (U.S.), GE Healthcare (U.K.), eClinicalWorks (U.S.), CareCloud Corporation (U.S.), The SSI Group, Inc. (U.S.), Kareo (U.S.)
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Audience for This Report
Healthcare Provider IT Companies
Hospital & Emergency Care Units
Market that Influence the Growth of this Market
U.K. Non-Clinical Information System Market
Germany Non-Clinical Information System Market
France Non-Clinical Information System Market
Italy Non-Clinical Information System Market
Spain Non-Clinical Information System Market
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