Revenue Cycle Management Market - Projected to Reach $7.09 Billion by 2020, at a CAGR of 11.8%

27 Jan, 2016, 08:10 ET from Research and Markets

DUBLIN, Jan. 27, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/hzr3vc/revenue_cycle) has announced the addition of the "Revenue Cycle Management Market - Global Forecast to 2020" report to their offering.

The global market is projected to reach $7.09 Billion by 2020, at a CAGR of 11.8% from 2015 to 2020.

Revenue cycle management (RCM) is a process, which manages payment and revenue generation, and also entails submitting, processing, and follow-up of claims. RCM encompasses the entire process of payment and customer management. It starts with the initiation of the order, and ends with the client having a zero balance account.

RCM helps in automation and acceleration of the process of gathering the patient's insurance details. The details are sent to the clearinghouse for verification. This further assists in standardizing the entire process of revenue cycle management.

Factors influencing the growth of the global revenue cycle management market include consolidation of healthcare providers, initiatives undertaken by governments for implementing RCM solutions, and decline in reimbursement rates. On the other hand, limited investments made in the healthcare IT sector and high cost of RCM solutions are limiting the growth of the market.

The global revenue cycle management market was led by North America in 2014, followed by Europe, Asia-Pacific, and rest of the world (RoW). The RCM market in Asia-Pacific is expected to grow at the highest CAGR from 2015 to 2020. This growth is mainly attributed to the rise in aging population, increase in healthcare expenditure, and rise in demand of RCM solutions from China and India.

Companies Mentioned:

  • Ajuba International Llc.
  • Allscripts
  • Anthelio Healthcare Solutions Inc
  • Athenahealth, Inc.
  • Carecloud Corporation
  • Cerner Corporation
  • Cognizant Technology Solutions Corporation
  • Conifer Health Solutions, Llc (Th Medical)
  • Eclinicalworks, Llc
  • Emdeon Inc
  • Epic Systems
  • Experian Plc
  • Ge Healthcare
  • Gebbs Healthcare Solutions
  • Genpact Limited
  • Kareo, Inc.
  • Mckesson Corporation
  • Medassets, Inc.
  • Medusind Solutions Inc
  • Omega Healthcare
  • Optum, Inc.
  • Quest Diagnostics
  • Sutherland Healthcare Solutions
  • The Ssi Group, Inc.
  • Transunion, Llc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Revenue Cycle Management Market, By Product Type

6 Revenue Cycle Management Market, By Component

7 Revenue Cycle Management Market, By Deployment

8 Revenue Cycle Management Market, By End-User

9 Revenue Cycle Management Market, By Geography

10 Competitive Landscape 

11 Company Profiles

For more information visit http://www.researchandmarkets.com/research/hzr3vc/revenue_cycle

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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