Revenue Cycle Management Market Future Trends and Scope Analysis by 2024 by Infinium · August 13 Ryan Nugent-Hopkins Oilers Jersey , 2018
The Infinium Global Research analyzes the report of Revenue Cycle Management Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Revenue Cycle Management Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global markets of Revenue Cycle Management.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Revenue Cycle Management Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Revenue Cycle Management Market are EPIC Systems Oscar Klefbom Oilers Jersey , Conifer Health Solutions , Eclinicalworks , GE Healthcare , Athenahealth , Allscripts Healthcare Solutions , Quest Diagnostics , Mckesson and Cerner . According to report the global revenue cycle management market is projected to grow at a CAGR of 11.7% over the forecast period of 2018-2024.
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Revenue Cycle Management is a specialized branch of management that focuses on the management of the all administrative and clinical functions that directly or indirectly contribute to the revenues through patient service to optimize overall profits of the firm. Revenue cycle management undergoes various processes such as patient registration, eligibility Kailer Yamamoto Oilers Jersey , verification of insurance, medical coding, claims processing, and payments & AR management.
The growth of the RCM market is majorly driven by growing support from regulatory compliance, growing demand for cloud-based solutions, and increasing market for outsourced RCM solutions. In addition, growth in healthcare expenditure in emerging nations and technological advancements for workflow optimization to fuel the demand for advanced healthcare systems, thereby driving the RCM market growth. Additionally Alex Chiasson Oilers Jersey , benefits offered by RCM, such as increase in revenue generation, better efficiency in healthcare practices, easier compliance with industry norms and regulations, and greater accuracy and easier access to healthcare IT systems are driving the growth of this market globally.
On the basis of region, North America is the dominant player in this market globally, owing to presence of several RCM service providers companies, favorable regulatory compliance and support from insurance companies are helping to grow this market in this region. Asia Pacific region is growing at a highest CAGR due to decreasing cash reimbursements in the healthcare industry Cam Talbot Oilers Jersey , improving regulatory mandates for the adoption of electronic health and medical records, government initiatives to boost the adoption of RCM solutions, and process improvements in healthcare organizations.
Segment Covered
The report on global revenue cycle management market covers segments such as, product, deployment, function and end-use. On the basis of product the global revenue cycle management market is categorized into integrated solutions and standalone solutions. On the basis of deployment the global revenue cycle management market is categorized into web-based , on-premise and cloud-based. On the basis of function the global revenue cycle management market is categorized into claims & denial management , medical coding & billing Kyle Brodziak Oilers Jersey , patient insurance eligibility verification , payment remittance , electronic health record (ehr) , clinical documentation improvement (cdi) and other functions. On the basis of end-use the global revenue cycle management market is categorized into physician clinics, hospitals , laboratories and others.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China Milan Lucic Oilers Jersey , Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France Darnell Nurse Oilers Jersey , Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global revenue cycle management market such as, Gebbs Healthcare Solutions , EPIC Systems , Conifer Health Solutions , Eclinicalworks , GE Healthcare , Athenahealth Tobias Rieder Oilers Jersey , Allscripts Healthcare Solutions , Quest Diagnostics , Mckesson and Cerner
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global revenue cycle management market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of revenue cycle management market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the
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