North American Revenue Cycle Management Market is Projected to Reach $32,236.8 Million by 2019 at a CAGR of 12.0% From 2014 to 2019
PUNE, India, December 14, 2015 /PRNewswire/ --
According to the new Market Research Report "North American Revenue Cycle Management Market by Product, (Integrated RCM, Standalone RCM) by Component by Deployment (Web-based, On-premise, Cloud-based) by Function, by End User - Forecast to 2019", the North American revenue cycle management system report defines and segments the concerned market in North America, with analysis and forecast of revenue. The market was valued at $18,292.1 million in 2014, and is projected to reach $32,236.8 million by 2019, at a CAGR of 12.0% from 2014 to 2019.
Browse through the TOC of North American Revenue Cycle Management Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Revenue Cycle Management (RCM) is a process, which manages payment and revenue generation, and also entails submitting, processing, and follow-up of claims. The growth of the North American revenue cycle management system market is mainly attributed to the consolidation of healthcare providers in North America, reduction of overall healthcare cost, and decreasing reimbursements. Despite this, limited investments made in the healthcare IT sector and heavy expenditure associated with the purchase of RCM systems are restraining factors that have affected the North American revenue cycle management system market. The adoption rate for RCM solutions is low among medical organizations, due to their high costs and significant investments involved in hardware, software, and staff training.
In 2014, about 74.2% of the North American revenue cycle management system market was dominated by U.S., followed by Canada.
The market is primarily segmented on the basis of type, component, deployment, end-user, and geography. According to component, the market gets segmented into hardware, software, and services. With respect to deployment, the revenue cycle management system market is classified into on-premise, cloud-based, and web-based. Similarly, on the basis of geographical segmentation, the market is classified into major countries, such as U.S., Canada, and Mexico.
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This market research study mainly highlights the major market dynamics, such as drivers, restraints, challenges, and opportunities. The report also lays emphasis on market share, supply chain, and value chain analysis of the revenue cycle management system market. In addition to this, it presents a competitive landscape and company profiles of key players in the market, along with detailed overview of company financials, product portfolio, and recent developments.
Key Players of the North American Revenue Cycle Management Market include:
Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks, Inc. (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare (Germany), and Kareo, Inc. (U.S.) among others and so on.
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