Market Overview:
The global revenue cycle management market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for cloud-based RCM solutions and the growing need for automation in revenue cycle management processes. The on-premise RCM segment is expected to dominate the market during the forecast period, owing to its advantages such as security and control over data.
Product Definition:
Revenue cycle management (RCM) is a process that healthcare organizations use to ensure that they are paid for the services they provide. It includes activities such as billing, insurance verification, and collections. The goal of RCM is to get patients to pay their bills in a timely manner, which helps improve cash flow and maintain financial stability.
On-premise:
On-premise software is a type of cloud computing software that provides solutions to manage data and processes. It's an approach where all the applications and data are stored on the server of the service provider which can be used directly by authorized users. The information being managed is completely under control of end-users as there are no third-party accesses or servers involved in its management.
Cloud Based:
Cloud Based is a term used for shared computer resources over the internet. It is an emerging model of providing computing services which are available on-demand, can be accessed from any place and supports mobile devices as well. Cloud based solutions have changed the way businesses operate by streamlining processes and helping to reduce costs significantly.
Application Insights:
The market is segmented by application into clinical, operations, pharmacy and other revenue cycle management applications. The clinical revenue cycle management market is expected to witness the highest growth over the forecast period owing to increasing demand for cost-effective healthcare services across regions.
Revenue cycle management in pharmacy includes processes such as claim settlement and drug preparation that involves multiple parties with various roles involved in processing a transaction from start to finish. The global pharmacy sector has witnessed significant growth due to an increase in population coupled with rising awareness regarding better health outcomes through effective treatment methods at affordable costs.
Regional Analysis:
North America is expected to be the key revenue cycle management market over the forecast period owing to increasing demand for healthcare IT systems and a high number of EHR implementation projects. The U.S. accounted for more than 80% of North America market share in 2017 due to an aggressive government healthcare IT system rollout program, which has resulted in increased demand for revenue cycle management software applications within hospitals and clinics across the country.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising penetration of health information technology infrastructure, increasing patient awareness about their treatment options, growing need for cost containment measures by governments and private players as well as improving access & quality issues within developing countries such as India & China & Indonesia etc.
Growth Factors:
- Increasing demand for better healthcare services and the consequent rise in healthcare spending are expected to drive the growth of the revenue cycle management market.
- The increasing number of mergers and acquisitions in the healthcare industry is also anticipated to propel the growth of this market during the forecast period.
- The growing need to curtail rising medical costs is expected to fuel demand for revenue cycle management solutions over the next few years.
- The increasing use of big data and analytics in revenue cycle management is projected to boost this market’s growth rate in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Revenue Cycle Management Market Research Report
By Type
On-premise, Cloud Based
By Application
Clinical, Operations, Pharmacy, Other
By Companies
GE Healthcare, DrChrono, Athenahealth, Healthcare Resource Group, AdvantagEdge, McKesson, Conifer Health Solutions, Change Healthcare, MedAssist, Experian Health, Convergent, NextGen Healthcare, NueMD, Ontario Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Revenue Cycle Management Market Report Segments:
The global Revenue Cycle Management market is segmented on the basis of:
Types
On-premise, Cloud Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinical, Operations, Pharmacy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- DrChrono
- Athenahealth
- Healthcare Resource Group
- AdvantagEdge
- McKesson
- Conifer Health Solutions
- Change Healthcare
- MedAssist
- Experian Health
- Convergent
- NextGen Healthcare
- NueMD
- Ontario Systems
Highlights of The Revenue Cycle Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud Based
- By Application:
- Clinical
- Operations
- Pharmacy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Revenue Cycle Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Revenue cycle management is a process that helps organizations manage the flow of revenue through their business. Revenue cycle management includes activities such as forecasting future sales, creating and managing customer relationships, and tracking and reporting on revenue.
Some of the major players in the revenue cycle management market are GE Healthcare, DrChrono, Athenahealth, Healthcare Resource Group, AdvantagEdge, McKesson, Conifer Health Solutions, Change Healthcare, MedAssist, Experian Health, Convergent, NextGen Healthcare, NueMD, Ontario Systems.
The revenue cycle management market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Revenue Cycle Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Revenue Cycle Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Revenue Cycle Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Revenue Cycle Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Revenue Cycle Management Market Size & Forecast, 2018-2028
4.5.1 Revenue Cycle Management Market Size and Y-o-Y Growth
4.5.2 Revenue Cycle Management Market Absolute $ Opportunity
Chapter 5 Global Revenue Cycle Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Revenue Cycle Management Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Revenue Cycle Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Revenue Cycle Management Market Size Forecast by Applications
6.2.1 Clinical
6.2.2 Operations
6.2.3 Pharmacy
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Revenue Cycle Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Revenue Cycle Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Revenue Cycle Management Analysis and Forecast
9.1 Introduction
9.2 North America Revenue Cycle Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Revenue Cycle Management Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Revenue Cycle Management Market Size Forecast by Applications
9.10.1 Clinical
9.10.2 Operations
9.10.3 Pharmacy
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Revenue Cycle Management Analysis and Forecast
10.1 Introduction
10.2 Europe Revenue Cycle Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Revenue Cycle Management Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Revenue Cycle Management Market Size Forecast by Applications
10.10.1 Clinical
10.10.2 Operations
10.10.3 Pharmacy
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Revenue Cycle Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Revenue Cycle Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Revenue Cycle Management Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Revenue Cycle Management Market Size Forecast by Applications
11.10.1 Clinical
11.10.2 Operations
11.10.3 Pharmacy
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Revenue Cycle Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Revenue Cycle Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Revenue Cycle Management Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Revenue Cycle Management Market Size Forecast by Applications
12.10.1 Clinical
12.10.2 Operations
12.10.3 Pharmacy
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Revenue Cycle Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Revenue Cycle Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Revenue Cycle Management Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Revenue Cycle Management Market Size Forecast by Applications
13.10.1 Clinical
13.10.2 Operations
13.10.3 Pharmacy
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Revenue Cycle Management Market: Competitive Dashboard
14.2 Global Revenue Cycle Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare
14.3.2 DrChrono
14.3.3 Athenahealth
14.3.4 Healthcare Resource Group
14.3.5 AdvantagEdge
14.3.6 McKesson
14.3.7 Conifer Health Solutions
14.3.8 Change Healthcare
14.3.9 MedAssist
14.3.10 Experian Health
14.3.11 Convergent
14.3.12 NextGen Healthcare
14.3.13 NueMD
14.3.14 Ontario Systems
