The latest update of “Global Healthcare Revenue Cycle Management Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Healthcare Revenue Cycle Management Market.
Overview of the Healthcare Revenue Cycle Management Market:
Healthcare revenue cycle management is a healthcare financial system used to track patient care episodes from registration and appointment scheduling to the final payment of a balance. Healthcare revenue cycle management integrates the business and clinical aspects of healthcare by combining administrative data, such as the patient's name and other personal information, with the treatment a patient receives and their health-related data. In simple words, healthcare revenue cycle management (RCM) refers to the process of identifying, collecting, and managing a provider's revenue from both payers and patients based on the services provided. RCM is the backbone of the healthcare industry.
Market Drivers:
Growing need to manage unstructured healthcare data and increasing patient volume, as well as subsequent growth in health insurance, is expected to boost the growth of the global healthcare revenue cycle management market during the forecast period. For instance, in January 2020, R1 RCM Inc. announced the launch of its new physician RCM) solution, R1 Professional, to serve large independent practices and hospital-owned medical groups. Hence, such factors are expected to drive the growth of the global healthcare revenue cycle management market during the forecast period. Moreover, technological advancements in HRCM (healthcare revenue cycle management) solutions are expected to propel the global healthcare revenue cycle management market growth over the forecast period.
Market Restraints:
High deployment cost is expected to hamper the growth of the global healthcare revenue cycle management market over the forecast period.
Regional Insights:
Among regions, North America is expected to witness robust growth in the global healthcare revenue cycle management market due to rising incidences of hospitalizations, the growing need to manage unstructured healthcare data, and the growing adoption of RCM solutions in the region. For instance, in March 2021, Greenway Health announced the launch of its new Greenway Revenue Services offering, GRS Select, a customizable RCM designed to meet the unique, individualized needs of healthcare practices as they rebuild and improve the profitability of their practices a year after the onset of the COVID-19 pandemic.
Competitive Section:
Major companies involved in the global healthcare revenue cycle management market are SSI group, McKesson Corporation, Emdeon, Conifer Health Solutions, CareCloud Corporation, Cerner, Accretive Health, Athenahealth, AGS Health, Allscripts Healthcare, and Medical Information Technology Inc., among others.
For instance, in October 2021, Cerner launched Cerner RevElate, the company’s go-forward patient accounting product that will bring new and enhanced capabilities to Cerner’s RCM portfolio. A new product aims to improve consumer-oriented care and advance enterprise-wide management, bringing revenue cycle management technology to the next level.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Healthcare Revenue Cycle Management Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Healthcare Revenue Cycle Management Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Allscripts Healthcare
- AGS Health
- Athenahealth
- Accretive Health
- Cerner
- CareCloud Corporation
- Conifer Health Solutions
- Emdeon
- McKesson Corporation
- Medical Information Technology Inc.
- SSI group
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Healthcare Revenue Cycle Management Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Hospitals
- Physician Office
- Diagnostic Labs & Ambulatory Surgical Centers
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Healthcare Revenue Cycle Management Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Healthcare Revenue Cycle Management Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Healthcare Revenue Cycle Management Market
1.6.1 How the Covid-19 is Affecting the Healthcare Revenue Cycle Management Market
1.6.1.1 Healthcare Revenue Cycle Management Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Healthcare Revenue Cycle Management Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Healthcare Revenue Cycle Management Market Perspective (2015-2027)
2.2 Healthcare Revenue Cycle Management Market Growth Trends by Regions
2.2.1 Healthcare Revenue Cycle Management Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Healthcare Revenue Cycle Management Market Historic Market Share by Regions (2015-2021)
2.2.3 Healthcare Revenue Cycle Management Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Healthcare Revenue Cycle Management Market Growth Strategy
2.3.6 Primary Interviews with Key Healthcare Revenue Cycle Management Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Healthcare Revenue Cycle Management Market Players by Market Size
3.1.1 Global Top Healthcare Revenue Cycle Management Market Players by Revenue (2015-2021)
3.1.2 Global Healthcare Revenue Cycle Management Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Healthcare Revenue Cycle Management Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Healthcare Revenue Cycle Management Market Concentration Ratio
3.2.1 Global Healthcare Revenue Cycle Management Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Healthcare Revenue Cycle Management Market Revenue in 2019
3.3 Healthcare Revenue Cycle Management Market Key Players Head office and Area Served
3.4 Key Players Healthcare Revenue Cycle Management Market Product Solution and Service
3.5 Date of entering into Healthcare Revenue Cycle Management Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Healthcare Revenue Cycle Management Market Historic Market Size by Type (2015-2021)
4.2 Global Healthcare Revenue Cycle Management Market Forecasted Market Size by Type (2021-2027)
5 Healthcare Revenue Cycle Management Market Breakdown Data by Application (2015-2027)
5.1 Global Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
5.2 Global Healthcare Revenue Cycle Management Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Healthcare Revenue Cycle Management Market Size (2015-2021)
6.2 Healthcare Revenue Cycle Management Market Key Players in North America (2019-2021)
6.3 North America Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
6.4 North America Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
7 Europe
7.1 Europe Healthcare Revenue Cycle Management Market Size (2015-2021)
7.2 Healthcare Revenue Cycle Management Market Key Players in Europe (2019-2021)
7.3 Europe Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
7.4 Europe Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
8 China
8.1 China Healthcare Revenue Cycle Management Market Size (2015-2021)
8.2 Healthcare Revenue Cycle Management Market Key Players in China (2019-2021)
8.3 China Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
8.4 China Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
9 Japan
9.1 Japan Healthcare Revenue Cycle Management Market Size (2015-2021)
9.2 Healthcare Revenue Cycle Management Market Key Players in Japan (2019-2021)
9.3 Japan Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
9.4 Japan Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Healthcare Revenue Cycle Management Market Size (2015-2021)
10.2 Healthcare Revenue Cycle Management Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
10.4 Southeast Asia Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
11 India
11.1 India Healthcare Revenue Cycle Management Market Size (2015-2021)
11.2 Healthcare Revenue Cycle Management Market Key Players in India (2019-2021)
11.3 India Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
11.4 India Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Healthcare Revenue Cycle Management Market Size (2015-2021)
12.2 Healthcare Revenue Cycle Management Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Healthcare Revenue Cycle Management Market Size by Type (2015-2021)
12.4 Central & South America Healthcare Revenue Cycle Management Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Healthcare Revenue Cycle Management Market Introduction
13.4 Healthcare Revenue Cycle Management Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Healthcare Revenue Cycle Management Market Key Market Segments
Table 2. Key Players Covered: Ranking by Healthcare Revenue Cycle Management Market Revenue
Table 3. Ranking of Global Top Healthcare Revenue Cycle Management Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Healthcare Revenue Cycle Management Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Healthcare Revenue Cycle Management Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Healthcare Revenue Cycle Management Market Players to Combat Covid-19 Impact
Table 10. Global Healthcare Revenue Cycle Management Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Healthcare Revenue Cycle Management Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Healthcare Revenue Cycle Management Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Healthcare Revenue Cycle Management Market Share by Regions (2015-2021)
Table 14. Global Healthcare Revenue Cycle Management Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Healthcare Revenue Cycle Management Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Healthcare Revenue Cycle Management Market Growth Strategy
Table 20. Main Points Interviewed from Key Healthcare Revenue Cycle Management Market Players
Table 21. Global Healthcare Revenue Cycle Management Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Healthcare Revenue Cycle Management Market Share by Players (2015-2021)
Table 23. Global Top Healthcare Revenue Cycle Management Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Healthcare Revenue Cycle Management Market as of 2019)
Table 24. Global Healthcare Revenue Cycle Management Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Healthcare Revenue Cycle Management Market Product Solution and Service
Table 27. Date of entering into Healthcare Revenue Cycle Management Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 30. Global Healthcare Revenue Cycle Management Market Size Share by Type (2015-2021)
Table 31. Global Healthcare Revenue Cycle Management Market Revenue Market Share by Type (2021-2027)
Table 31. Global Healthcare Revenue Cycle Management Market Size Share by Application (2015-2021)
Table 33. Global Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 34. Global Healthcare Revenue Cycle Management Market Size Share by Application (2021-2027)
Table 35. North America Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 37. North America Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 38. North America Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 39. North America Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 40. North America Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 41. Europe Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 43. Europe Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 45. Europe Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 47. China Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 49. China Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 50. China Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 51. China Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 52. China Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 53. Japan Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 55. Japan Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 57. Japan Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 61. Southeast Asia Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 63. Southeast Asia Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 65. India Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 67. India Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 68. India Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 69. India Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 70. India Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Healthcare Revenue Cycle Management Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Healthcare Revenue Cycle Management Market Share (2019-2021)
Table 73. Central & South America Healthcare Revenue Cycle Management Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Healthcare Revenue Cycle Management Market Share by Type (2015-2021)
Table 75. Central & South America Healthcare Revenue Cycle Management Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Healthcare Revenue Cycle Management Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Healthcare Revenue Cycle Management Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Healthcare Revenue Cycle Management Market Share by Type: 2021 VS 2027
Figure 2. Global Healthcare Revenue Cycle Management Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Healthcare Revenue Cycle Management Market Report Years Considered
Figure 8. Global Healthcare Revenue Cycle Management Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Healthcare Revenue Cycle Management Market Share by Regions: 2021 VS 2027
Figure 10. Global Healthcare Revenue Cycle Management Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Healthcare Revenue Cycle Management Market Share by Players in 2019
Figure 13. Global Top Healthcare Revenue Cycle Management Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Healthcare Revenue Cycle Management Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Healthcare Revenue Cycle Management Market Revenue in 2019
Figure 15. North America Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Healthcare Revenue Cycle Management Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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