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Revenue Cycle Management Software Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5321384
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Accretive Health
  • Athenahealth
  • Cerner Corporation
  • GE Healthcare
  • McKesson Corporation
  • Patient Billing

Revenue Cycle Management Software Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global revenue cycle management software market.This report focuses on the revenue cycle management software market which is experiencing strong growth. The report gives a guide to the revenue cycle management software market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.







Reasons to Purchase


  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:

Where is the largest and fastest growing market for the revenue cycle management software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Revenue Cycle Management Software market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider revenue cycle management software market, and compares it with other markets.


  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The revenue cycle management software market section of the report gives context. It compares the revenue cycle management software market with other segments of the revenue cycle management software market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, revenue cycle management software indicators comparison.

Scope

Markets Covered:

1) By Product: Integrated; Standalone 2) By Function: Claim and Denial; Medical Billing and Coding; Patient Insurance Eligibility Check; Payment Remittance; Electronic Health Record (EHR); Clinical Documentation Improvement (CDI); Others 3) By Deployment: Web based; On premise; Cloud based

Companies Mentioned: Accretive Health; Billing Blues; 3M Health Information Systems; QWay Health; MedSecretery

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


Frequently Asked Questions about the Global Revenue Cycle Management Software Market

What is the estimated value of the Global Revenue Cycle Management Software Market?

The Global Revenue Cycle Management Software Market was estimated to be valued at $71.8 billion in 2021.

What is the growth rate of the Global Revenue Cycle Management Software Market?

The growth rate of the Global Revenue Cycle Management Software Market is 16.1%, with an estimated value of $130.3 billion by 2025.

What is the forecasted size of the Global Revenue Cycle Management Software Market?

The Global Revenue Cycle Management Software Market is estimated to be worth $130.3 billion by 2025.

Who are the key companies in the Global Revenue Cycle Management Software Market?

Key companies in the Global Revenue Cycle Management Software Market include Accretive Health, Billing Blues, 3M Health Information Systems, QWay Health, MedSecretery, Medserv, Medical Accounting Services, Patient Billing and Australian Medical Billing Service.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accretive Health
  • Athenahealth
  • Cerner Corporation
  • GE Healthcare
  • McKesson Corporation
  • Patient Billing

1. Executive Summary

2. Revenue Cycle Management Software Market Characteristics

3. Revenue Cycle Management Software Market Trends and Strategies

4. Impact of COVID-19 on Revenue Cycle Management Software

5. Revenue Cycle Management Software Market Size and Growth
5.1. Global Revenue Cycle Management Software Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Revenue Cycle Management Software Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Revenue Cycle Management Software Market Segmentation
6.1. Global Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion


  • Integrated
  • Standalone

6.2. Global Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion


  • Claim and Denial
  • Medical Billing and Coding
  • Patient Insurance Eligibility Check
  • Payment Remittance
  • Electronic Health Record (EHR)
  • Clinical Documentation Improvement (CDI)
  • Others

6.3. Global Revenue Cycle Management Software Market, Segmentation By Deployment, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion


  • Web based
  • On premise
  • Cloud based

7. Revenue Cycle Management Software Market Regional and Country Analysis
7.1. Global Revenue Cycle Management Software Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Revenue Cycle Management Software Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Revenue Cycle Management Software Market
8.1. Asia-Pacific Revenue Cycle Management Software Market Overview


  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Revenue Cycle Management Software Market
9.1. China Revenue Cycle Management Software Market Overview
9.2. China Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Revenue Cycle Management Software Market
10.1. India Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Revenue Cycle Management Software Market
11.1. Japan Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Revenue Cycle Management Software Market
12.1. Australia Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Revenue Cycle Management Software Market
13.1. Indonesia Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Revenue Cycle Management Software Market
14.1. South Korea Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Revenue Cycle Management Software Market
15.1. Western Europe Revenue Cycle Management Software Market Overview
15.2. Western Europe Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Revenue Cycle Management Software Market
16.1. UK Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Revenue Cycle Management Software Market
17.1. Germany Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Revenue Cycle Management Software Market
18.4. France Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Revenue Cycle Management Software Market
19.1. Eastern Europe Revenue Cycle Management Software Market Overview
19.2. Eastern Europe Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Revenue Cycle Management Software Market
20.1. Russia Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Revenue Cycle Management Software Market
21.1. North America Revenue Cycle Management Software Market Overview
21.2. North America Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Revenue Cycle Management Software Market
22.1. USA Revenue Cycle Management Software Market Overview
22.2. USA Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Revenue Cycle Management Software Market
23.1. South America Revenue Cycle Management Software Market Overview
23.2. South America Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Revenue Cycle Management Software Market
24.1. Brazil Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Revenue Cycle Management Software Market
25.1. Middle East Revenue Cycle Management Software Market Overview
25.2. Middle East Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Revenue Cycle Management Software Market
26.1. Africa Revenue Cycle Management Software Market Overview
26.2. Africa Revenue Cycle Management Software Market, Segmentation By Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Revenue Cycle Management Software Market, Segmentation By Function, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Revenue Cycle Management Software Market Competitive Landscape and Company Profiles
27.1. Revenue Cycle Management Software Market Competitive Landscape
27.2. Revenue Cycle Management Software Market Company Profiles
27.2.1. Accretive Health
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Billing Blues
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. 3M Health Information Systems
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. QWay Health
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. MedSecretery
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Revenue Cycle Management Software Market

29. Revenue Cycle Management Software Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer


Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accretive Health
  • Athenahealth
  • Cerner Corporation
  • GE Healthcare
  • McKesson Corporation
  • Patient Billing
Major players in the revenue cycle management software market are Accretive Health, Billing Blues, 3M Health Information Systems, QWay Health, MedSecretery, Medserv, Medical Accounting Services, Patient Billing, R1 RCM, and Australian Medical Billing Service.

The global revenue cycle management software market is expected to grow from $63.392 billion in 2020 to $71.77 billion in 2021 at a compound annual growth rate (CAGR) of 13.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $130.258 billion in 2025 at a CAGR of 16%.

The revenue cycle management software market consists of sales of revenue cycle management software services by entities (organizations, sole traders and partnerships) that provide revenue cycle management, which is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. Only goods and services traded between entities or sold to end consumers are included.

In June 2020, R1 RCM, a Chicago-based healthcare revenue management cycle company serving hospitals and physician groups, agreed to acquire Cerner RevWorks for a deal amount of $30 million. The acquisition is expected to extend the comprehensive revenue cycle capabilities of R1 and help driving sustainable financial improvements for healthcare providers and to enhance their patients' overall experience. RevWorks is a revenue cycle management-outsourcing division of Cerner.

The revenue cycle management software market covered in this report is segmented by product into integrated; standalone. It is also segmented by function into claim and denial; medical billing and coding; patient insurance eligibility check; payment remittance; electronic health record (EHR); clinical documentation improvement (CDI); others and by deployment into web based; on premise; cloud based.

Incorporating artificial intelligence (AI) in revenue cycle management software is shaping the revenue cycle management software market. Major healthcare analytics leaders are actively implementing or planning to execute an AI strategy that will help make decisions faster and reduce operational expenses. For instance, in April 2019, VisiQuate, Inc., a leader in healthcare business analytics, has announced a formal partnership with Etyon Health to integrate the business analytics platform and deep machine-learning algorithms to improve performance continuously through enhanced operational insights and automate the claim decisions based on complex data science. Etyon Health is a developer of AI-driven RCM solutions.

The rise in the number of hospital and outpatient visits is expected to drive the revenue cycle management software market. Surging healthcare expenditure from an increase in patient visits to the hospital urges the service providers to provide hassle-free services during payment and keep a record of patients’ payments. According to the National Health Expenditure Projections 2018-2027, the USA national healthcare expenditure is expected to reach nearly $6.0 trillion by 2027, growing at an average rate of 5.5% annually, during the period. The increase in the number of patient visits impels the healthcare service providers to adopt revenue cycle management software in healthcare facilities that will provide faster and more accurate claims transmission allowing flexibility in arranging patient care.

The lower adoption rate of automated systems due to the shortage of skilled professionals limits the growth of the revenue cycle management software market. An inefficient revenue cycle management system leads to loss of revenues and productivity. The providers are facing issues in leveraging the technology to drive long-term process improvement. For instance, it was estimated that only 14% of healthcare providers use advanced modeling tools to predict patients’ ability to pay. This limits the ability of front-office staff to have financial discussions at the point of service. Many service providers have not upgraded their technology due to lack of technical knowledge, awareness, and resources restraining the revenue cycle management software market.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Accretive Health
  • Billing Blues
  • 3M Health Information Systems
  • QWay Health
  • MedSecretery
  • Medserv
  • Medical Accounting Services
  • Patient Billing
  • R1 RCM
  • Australian Medical Billing Service
  • Epic Systems
  • General Electric Company
  • McKesson Corporation
  • Cerner Corporation
  • Allscripts
  • Quest Diagnostics
  • Waystar
  • Kareo
  • AthenaCollector
  • DrChrono
  • Availity
  • AdvanceBilling
  • Optum 360
  • Care Cloud Concierge
  • Trizetto
  • Mckesson
  • Allscripts Healthcare Solutions
  • Athenahealth
  • Eclinicalwork
  • GE Healthcare
Note: Product cover images may vary from those shown

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