Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021

  • ID: 4319163
  • Report
  • Region: Global
  • 73 pages
  • TechNavio
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FEATURED COMPANIES

  • Alleviant
  • athenahealth
  • Cerner
  • McKesson
  • MediRevv
  • nThrive
  • MORE
1h Free Analyst Time

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About Healthcare Revenue Cycle Management (RCM) Software
Healthcare service providers deploy automated systems to address the RCM processes and to fill the payment gap that arises from the processes of medical billing and collections. The IT applications, such as hospital information system and EHR, have outdated technology platforms that lack advanced functionalities needed to address RCM issues. Hospitals and health systems prefer to outsource the RCM services due to the issues pertaining to revenue cycle processes and workflows.

The analysts forecast the global Healthcare Revenue Cycle Management (RCM) Software market to grow at a CAGR of 4.50% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global Healthcare Revenue Cycle Management (RCM) Software market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sale of RCM solutions that include software suits, which are standalone and integrated solutions across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors

  • Allscripts
  • Cerner
  • GE Healthcare
  • McKesson

Other prominent vendors

  • Alleviant
  • athenahealth
  • Avadyne Health
  • MedData
  • MediRevv
  • Navigant Cymetrix
  • nThrive
  • OPTUM
  • SourceMed
  • ZirMed

Market drivers

  • Increase in recovery audits due to changing healthcare regulations
  • For a full, detailed list, view the full report

Market challenges

  • Selection of vendors to meet specific needs
  • For a full, detailed list, view the full report

Market trends

  • Strong clinical network connectivity with medical practitioners
  • For a full, detailed list, view the full report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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2 of 5

FEATURED COMPANIES

  • Alleviant
  • athenahealth
  • Cerner
  • McKesson
  • MediRevv
  • nThrive
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
  • Market overview
  • Phases of evolution
PART 05: Revenue leakage in healthcare system

PART 06: Market developments
  • Healthcare industry
  • Major M&A in healthcare RCM market
PART 07: Market size and forecast
  • Global healthcare RCM software market
PART 08: Market segmentation by deployment model
  • Market segmentation by deployment
  • On-premises
  • Cloud-based
PART 09: Market segmentation by end-user
  • Market size and forecast
PART 10: Geographical segmentation
  • Geographical segmentation of global healthcare RCM software market
PART 11: Decision framework

PART 12: Drivers and challenges
  • Market drivers
  • Market challenges
PART 13: Market trends
  • Integration of analytics into healthcare services
  • Strong clinical network connectivity with medical practitioners
  • Increased traction of cloud-based solution among RCM providers
PART 14: Buying criteria
  • Buying criteria
PART 15: Five forces analysis

PART 16: Vendor landscape
  • Competitive landscape
  • Vendor matrix
PART 17: Key vendor profiles
  • Allscripts
  • Cerner
  • GE Healthcare
  • McKesson
  • Other prominent vendors
PART 18: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Possible areas of revenue leakage
Exhibit 02: Major M&A in RCM software industry
Exhibit 03: Global healthcare RCM software market 2016-2021 ($ millions)
Exhibit 04: Segmentation of global healthcare RCM software market by deployment models 2016 (%)
Exhibit 05: Global on-premises healthcare RCM software market 2016-2021 ($ millions)
Exhibit 06: Global cloud-based healthcare RCM software market 2016-2021 ($ millions)
Exhibit 07: Segmentation of global healthcare RCM software market by end-user 2016 (%)
Exhibit 08: Global healthcare RCM software market by physicians 2016-2021 ($ millions)
Exhibit 09: Global healthcare RCM software market by hospitals 2016-2021 ($ millions)
Exhibit 10: Global healthcare RCM software market by medical labs 2016-2021 ($ millions)
Exhibit 11: Geographical segmentation of global healthcare RCM software market 2016 (% share)
Exhibit 12: Geographical segmentation of global healthcare RCM software market 2016-2021 (% share)
Exhibit 13: Healthcare RCM software market in Americas 2016-2021 ($ millions)
Exhibit 14: Healthcare RCM software market in EMEA 2016-2021 ($ millions)
Exhibit 15: ICD-10
Exhibit 16: Healthcare RCM software market in APAC 2016-2021 ($ millions)
Exhibit 17: Buying criteria for RCM
Exhibit 18: Five forces analysis
Exhibit 19: Vendor matrix: Geographical presence
Exhibit 20: Vendor matrix: Solutions and features
Exhibit 21: Allscripts: Recent developments
Exhibit 22: Cerner: Recent developments
Exhibit 23: GE Healthcare: Recent developments
Exhibit 24: McKesson Recent developments
Exhibit 25: Other prominent vendors
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FEATURED COMPANIES

  • Alleviant
  • athenahealth
  • Cerner
  • McKesson
  • MediRevv
  • nThrive
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global healthcare revenue cycle management (RCM) software market: Allscripts, Cerner, GE Healthcare, and McKesson.

Other Prominent Vendors in the market are: Alleviant, Athenahealth, Avadyne Health, MedData, MediRevv, Navigant Cymetrix, nThrive, OPTUM, SourceMed, and ZirMed.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is strong clinical network connectivity with medical practitioners. Clinical integration is the coordination in the healthcare network across functions, people, and activities. Clinical integration with physicians enables the healthcare companies to enhance the efficiency and quality of the healthcare system. Successful clinical integration between physicians and hospitals helps build a payment model as it takes both quality and cost into consideration. Clinical information can be completely integrated with EHR for the transition to new payment models.”

According to the report, one of the major drivers for this market is increase in recovery audits due to changing healthcare regulations. Healthcare service providers are under constant pressure caused by the change in government regulations in the healthcare sector. They are experiencing a rise in the cost of operations and a reduction in revenues. In addition, the revenue of the provider is under continuous scrutiny and audit by recovery audit contractors.

Further, the report states that one of the major factors hindering the growth of this market is selection of vendors to meet specific needs. The availability of RCM software vendors that are not solely focused on the healthcare sector makes the selection of the right vendor difficult. For optimizing RCM, prior experience in the healthcare sector is mandatory. Often, vendors with broad insurance experiences that are not specific to the healthcare sector take up hospital contracts. These service providers are unlikely to grasp the healthcare functions, placing the hospitals at a risk of underperforming or even regulatory compliance violations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Alleviant
  • Allscripts
  • athenahealth
  • Avadyne Health
  • Cerner
  • GE Healthcare
  • McKesson
  • MedData
  • MediRevv
  • Navigant Cymetrix
  • nThrive
  • OPTUM
  • SourceMed
  • ZirMed
Note: Product cover images may vary from those shown
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