Market Analysis:
According to Data Bridge Market Research new Market report “Global Revenue Cycle Management (RCM) Market By Product Type (Integrated RCM, Standalone RCM), By Stage (Front Office, Mid Office, Back Office), By End User (Hospitals, General Physicians, Labs, Others), By Deployment (Web-based, On-premise, Cloud-based), By Component (Software, Services), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Trend and Forecast to 2022”, has accounted to USD 45.8 billion in 2015, growing at a CAGR of 12.7% from 2016 to 2022, is expected to reach USD 105.2 billion by 2022.
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Revenue Cycle Management (RCM) Market – Market Segmentation:
The Revenue Cycle Management Market is segmented on the basis of product type, deployment, component, stage, end-user, and geography. The revenue cycle management market is segmented with respect to type into integrated RCM and standalone RCM. The end-users of this market include hospitals, laboratories, and physicians and others. By product type RCM solutions are segmented into standalone and integrated RCM. The integrated RCM solution are generally used by larger organizations where integration with other healthcare IT products such as RIS, LIS, PACS, HER among others to form a more holistic process for billing and claim settlements. However standalone RCM is best used in smaller hospitals and physician offices where they need to manage only one healthcare application.
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Revenue Cycle Management (RCM) Market – Geographical Segmentation
Based on geography the global RCM market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market. With the market in U.S. shifting to value based reimbursements RCM is expected to play a major role to develop this process.
Revenue Cycle Management (RCM) Market – Competitive Landscape:
In-depth profiling of key players has been conducted along with recent developments (new product launches & partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the global RCM market. The key players in the revenue cycle management market are McKesson Corporation, Cerner Corporation, Quest Diagnostics, Athena Health, Inc., Allscripts, EClinicalWorks, CareCloud Corporation, The SSI Groups, Inc., GE Healthcare, Epic Systems, Siemens Healthcare, and Kareo, Inc., among others.
Major Market Competitors
The key players operating in this market are:-
McKesson Corporation,
Cerner Corporation,
Quest Diagnostics,
Athena Health Inc.,
All scripts.,
E Clinical Works,
Care Cloud Corporation,
The SSI Groups Inc.,
GE Healthcare,
Epic Systems,
Siemens Healthcare,
and Kareo Inc., among others.
By Geography
North America,
Europe,
Asia-Pacific,
South America
Rest of the world
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