Revenue Cycle Management Market Size is Projected to Reach USD 114,519.97 Million by 2025 - Valuates Reports

India - English

News provided by

Sep 04, 2020, 09:30 ET

BANGALORE, India, Sept. 4, 2020 /PRNewswire/ -- The major drivers of Revenue Cycle Management Market size include declining reimbursements in the healthcare sector, regulatory demands for EHR / EMR adoption, government measures to promote RCM solutions, loss of revenue due to billing errors, and process changes in healthcare organizations.

The Global Revenue Cycle Management Market size is expected to grow from USD 57,949.30 Million in 2019 to USD 114,519.97 Million by 2025 at a Compound Annual Growth Rate (CAGR) of 12.02% During the Forecast Period.

This report offers an overview of the patterns, dynamics, drivers, challenges, and opportunities in the global revenue cycle management market.

Get Detailed Analysis of COVID-19 Impact on Revenue Cycle Management Market: https://reports.valuates.com/request/sample/360I-Auto-5W262/The_Global_Revenue_Cycle_Management_Market

TRENDS INFLUENCING THE REVENUE CYCLE MANAGEMENT MARKET SIZE

The Revenue Cycle Management Market size is driven by the implementation of Healthcare Information Technology ( HIT) systems in healthcare settings and the inability of conventional billing systems to provide insights into ongoing billing.

The adoption of cloud-based revenue cycle management solutions is expected to fuel the growth of Revenue Cycle Management Market size as they are quite flexible, secure, and cost-effective.

Growing acceptance and popularity of cloud-based solutions among patient and healthcare applications is expected to further propel Revenue Cycle Management Market size growth. Cloud-based systems store a vast amount of data and allow medical staff to access information about patients from anywhere. This leads to quicker processing of payments, reimbursements, and claims for both patients and physicians.

The regulatory mandates for the adoption of EHR/EMR are, in turn, expected to boost the growth of Revenue Cycle Management Market size. EHRs endorse RCM programs by holding health data for every patient. RCM systems use this data to decide whether the patient is eligible for payment, collects their co-payment after billing claims, monitors claims, and collects payments. RCM systems help to save money by cutting tax loss during the processing of claims. These advantages of RCM systems have increased their demand worldwide in healthcare organizations.

However, factors such as high costs associated with the deployment of RCM and the lack of qualified professionals are expected to be the limiting factors for the RCM market's growth during the forecast period.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-5W262/the-global-revenue-cycle-management

REVENUE CYCLE MANAGEMENT MARKET SHARE ANALYSIS

Based on type, the software segment is expected to hold the largest Revenue Cycle Management Market share. This is due to the launch of advanced solutions to improve RCM management at hospitals, physicians' facilities, and others.

Based on end-users, the hospital segment is expected to hold the largest Revenue Cycle Management Market share. This segment's dominance is attributable to the rising patient admissions resulting in higher hospital revenues. Hospitals are adopting RCM solutions in order to effectively manage the revenue collection process, thus contributing to the segment's growth during the analysis period.

Based on the region, North America accounted for the largest Revenue Cycle Management Market share. North America ranks among the pioneers in creating the healthcare industry's IT system. The U.S. RCM market offers attractive growth opportunities due to the existence of many major hospitals and health systems, favorable legislation, growing geriatric population, and the country's increasing need to reduce costs in healthcare.

Inquire for Regional Report: https://reports.valuates.com/request/regional/360I-Auto-5W262/The_Global_Revenue_Cycle_Management_Market

REVENUE CYCLE MANAGEMENT MARKET SEGMENTATION & COVERAGE:

This research report categorizes the Revenue Cycle Management to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Product, the Revenue Cycle Management Market studied across

Integrated
Standalone

Based on Deployment, the Revenue Cycle Management Market studied across

On-Cloud
On-Premises.

Based on End User, the Revenue Cycle Management Market studied across

Emergency Medical Services,
Laboratories, Physicians,
Hospitals & Care Providers.

THE REPORT ANSWERS QUESTIONS SUCH AS:

What is the market size and forecast of the Global Revenue Cycle Management Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Revenue Cycle Management Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Global Revenue Cycle Management Market?
What is the competitive strategic window for opportunities in the Global Revenue Cycle Management Market?
What are the technology trends and regulatory frameworks in the Global Revenue Cycle Management Market?
What are the modes and strategic moves considered suitable for entering the Global Revenue Cycle Management Market?

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-5W262&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-5W262&lic=enterprise-user

SIMILAR REPORTS :

Healthcare Revenue Cycle Management Market

The global Healthcare Revenue Cycle Management market size is projected to reach USD 79270 Million by 2026, from USD 45140 Million in 2020, at a CAGR of 9.8% during 2021-2026.

The global Healthcare Revenue Cycle Management market is broadly studied on the basis of key factors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by players for the period 2015-2020.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-20N3125/global-healthcare-revenue-cycle-management

Healthcare Revenue Cycle Management Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1E345/healthcare-revenue-cycle-management-software

Back-End Revenue Cycle Management Market

The Global Back-end Revenue Cycle Management Market is expected to grow from USD 7,616.26 Million in 2019 to USD 11,373.38 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.91%.

View Full Report: https://reports.valuates.com/market-reports/360I-Auto-4U125/the-global-back-end-revenue-cycle-management

Revenue Cycle Management Solutions Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-0N2108/global-revenue-cycle-management-solutions

Mid-Revenue Cycle Management and Clinical Documentation Improvement Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-29I953/global-mid-revenue-cycle-management-and-clinical-documentation-improvement

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

CONTACT US:

Valuates Reports
[email protected]

For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

SOURCE Valuates Reports