The first class Revenue Cycle Management (RCM) Market report has been crafted after a thorough study of various key market segments like market size, latest trends, market threats & key drivers driving the market. This market report recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market. In addition, it recognizes and analyses the emerging trends along with major driving factors, challenges and opportunities in the market for Healthcare. It also performs the analysis of the global market share, segmentation, revenue growth estimation and geographic regions of the market. An influential Revenue Cycle Management (RCM) Market report utilizes excellent research methodology which focuses on market share analysis and key trend analysis.

Moreover, market analysis in the credible Revenue Cycle Management (RCM) Market report consists of competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis till 2028. A data triangulation method has been utilized for this purpose which has plentiful components such as data mining, analysis of data variable effect on the market, and primary or industry expert validation. Market analysis covered here suits the requirements of small, medium as well as large size of businesses. Large sample sizes have been exploited for the collection of data and info in the wide ranging Revenue Cycle Management (RCM) Market report.

Data Bridge Market Research analyses that the revenue cycle management (RCM) market, which was USD 46.62 billion in 2022, would rise to USD 133 billion by 2030 and is expected to undergo a CAGR of 14% during the forecast period 2023 to 2030.

 

Definition

Revenue cycle management is the management of all administrative and clinical operations that lead to patient service and directly or indirectly to revenue to maximize profits. It allows health providers to increase their income by processing claims. Revenue cycle management includes medical coding, patient registration, payment, A.R. management, insurance eligibility and verification, and claim processing.

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Key Growth Drivers:

  • Increasing Adoption of Cloud-deployed RCM

The delivery mode of RCM being cloud-deployed is increasing due to higher flexibility and increased cost-effectiveness to end-users. Cloud-deployed solutions have made medical data-sharing easy and secure. It automates backend procedures and allows the creation and protection of telehealth apps. Furthermore, cloud-deployed solutions assist healthcare institutes in dealing with electronic medical records, big data analytics, patient portals, and mobile applications to prevent additional costs for maintaining servers. Thus, this factor boosts market growth.

The report emphasizes the participation of key entities, notably:

  • Oracle Corporation (U.S.)
  • SAP SE (Germany)
  • International Business Machines Corporation (U.S.)
  • NetSuite Inc. (U.S.)
  • Workday, Inc. (U.S.)
  • ADP, LLC (U.S.)
  • Cornerstone OnDemand (U.S.)
  • Benefitfocus Inc. (U.S.)
  • BambooHR (U.S)
  • PeopleFluent (U.S)
  • Zoho Corporation (India)
  • WebHR (U.S)
  • CakeHR (U.K)
  • Epicor Software Corporation (U.S)
  • Infor (U.S)
  • Kronos Incorporated (U.S)
  • The Sage Group plc. (U.S)

Key Market Perspectives:

  • Thorough examination of prevailing market tendencies
  • Updates on the latest product advancements and innovations
  • Revenue Cycle Management (RCM)market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
  • Strategies and activities of prominent players and brands in the field
  • Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Product Type (Integrated RCM, Standalone RCM), Function (Claims and Denial Management, Medical Coding, and Billing, Electronic Health Record (EHR), Clinical Documentation Improvement (CDI), Insurance, Others), Deployment (Web-based, On-premise, Cloud-based), Component (Software, Services), End User (Hospitals, General Physicians, Labs, Others)

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