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Revenue Cycle Management Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Type; By Deployment; By End-Use; By Regions; Segment Forecast, 2021 - 2028

  • ID: 5397061
  • Report
  • May 2021
  • Region: Global
  • 118 Pages
  • Polaris Market Research

FEATURED COMPANIES

  • AllScripts Healthcare LLC
  • athenahealth Inc.
  • CareCloud Corporation
  • Epic Systems Corporation
  • Experian Health
  • McKesson Corporation
The global revenue cycle management market size is expected to reach USD 613.45 billion by 2028 according to a new study. The report “Revenue Cycle Management Market Share, Size, Trends, Industry Analysis Report, By Product Type (Software, Services); By Type (Integrated, Standalone); By Delivery Mode (On-premise, Web-based, Cloud based); By End-Use (Physician Offices, Hospitals, Diagnostic Laboratories); By Regions; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Major advantages in outsourcing revenue cycle management services are the availability of skilled professionals, compliance, regulations, and cost-effective services. Owing to such advantages, there is an increasing trend of outsourcing revenue cycle management services over the past few years.

For instance, according to the research done by the Med-USA, around two-thirds of the healthcare facilities are using outsourcing services for their daily workflow management. Hence, increasing adoption of such systems is likely to garner high revenue generation during the revenue cycle management study period.

However, lack of a proper reimbursement system among insurance providers and other stakeholders and lack of trust in government and private insurers is one of the hurdles in the market growth. For instance, according to the research done by the Healthcare Financial Management Association (HFMA), the average time required to reimburse payment by Medicare or Medicaid is around 28 days, while private insurers take twice more time in the processing of claims. Such delay and plausible discrepancies in reimbursement are creating hurdles in the adoption of such services.

Asia Pacific market for revenue cycle management is expected to witness a lucrative growth rate over the market assessment period. Rising healthcare expenditure, unmet medical needs of the population, and supportive government initiatives are the key market factors primarily responsible for the market growth for revenue cycle management.

Moreover, the region comprises of two most populous nations, India, and China, where there is an urgent need to offer necessary medical attention at a reasonable cost for the ever-rising lifestyle-borne chronic conditions. Thus, this high-impact rendering driver is expected to boost market demand for revenue cycle management systems.

Market companies operating in the revenue cycle management industry The SSI Group, Inc., AllScripts Healthcare, LLC, Experian Health, R1 RCM Inc., McKesson Corporation, athenahealth, Inc., Epic Systems Corporation, NXGN Management, LLC, CareCloud Corporation, Quest Diagnostics, Inc., and R1 RCM Inc.

The publisher has segmented the revenue cycle management market report on the basis of product, type, delivery mode, end-use, and region:

Revenue Cycle Management, Product Outlook (Revenue - USD Million, 2016 - 2028)

  • Software
  • Services

Revenue Cycle Management, Type Outlook (Revenue - USD Million, 2016 - 2028)

  • Integrated
  • Standalone

Revenue Cycle Management, Delivery Mode Outlook (Revenue - USD Million, 2016 - 2028)

  • On-premise
  • Web-based
  • Cloud based

Revenue Cycle Management, End Use Outlook (Revenue - USD Million, 2016 - 2028)

  • Physician Offices
  • Hospitals
  • Diagnostic Laboratories
  • Others

Revenue Cycle Management, by Regional Outlook (Revenue - USD Million, 2016 - 2028)

  • North America
  • US
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AllScripts Healthcare LLC
  • athenahealth Inc.
  • CareCloud Corporation
  • Epic Systems Corporation
  • Experian Health
  • McKesson Corporation
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Product Types
3.2.1. Primary Product Types
3.2.2. Secondary Product Types

4. Revenue Cycle Management Market Insights
4.1. Revenue Cycle Management - Industry snapshot
4.2. Revenue Cycle Management Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising need for organizational workflow
4.2.1.2. Technological Advancements
4.2.2. Restraints and Challenges
4.2.2.1. Data feeding issues and plausible errors
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Revenue Cycle Management Market Industry trends

5. Revenue Cycle Management Market Assessment by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Revenue Cycle Management Market, By Product Type, 2016 - 2028 (USD Million)
5.3. Software
5.3.1. Global Revenue Cycle Management Market, by Software, by Region, 2016- 2028 (USD Million)
5.4. Services
5.4.1. Global Revenue Cycle Management Market, by Services, by Region, 2016- 2028 (USD Million)

6. Global Revenue Cycle Management Market, by Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Revenue Cycle Management Market, By Type, 2016 - 2028 (USD Million)
6.3. Integrated
6.3.1. Global Revenue Cycle Management Market, by Integrated, By Region, 2016- 2028 (USD Million)
6.4. Standalone
6.4.1. Global Revenue Cycle Management Market, by Standalone, by Region, 2016- 2028 (USD Million)

7. Global Revenue Cycle Management Market, by Deployment
7.1. Key Findings
7.2. Introduction
7.2.1. Global Revenue Cycle Management Market, By Deployment, 2016 - 2028 (USD Million)
7.3. On-premise
7.3.1. Global Revenue Cycle Management Market, by On-premise, By Region, 2016- 2028 (USD Million)
7.4. Web-based
7.4.1. Global Revenue Cycle Management Market, by Web-based, by Region, 2016- 2028 (USD Million)
7.5. Cloud based
7.5.1. Global Revenue Cycle Management Market, by Cloud based, by Region, 2016- 2028 (USD Million)

8. Revenue Cycle Management Market Assessment by End Use
8.1. Key Findings
8.2. Introduction
8.2.1. Global Revenue Cycle Management Market, By End Use, 2016 - 2028 (USD Million)
8.3. Physician Offices
8.3.1. Global Revenue Cycle Management Market, by Physician Offices, by Region, 2016- 2028 (USD Million)
8.4. Hospitals
8.4.1. Global Revenue Cycle Management Market, by Hospitals, by Region, 2016- 2028 (USD Million)
8.5. Diagnostic Laboratories
8.5.1. Global Revenue Cycle Management Market, by Diagnostic Laboratories, by Region, 2016- 2028 (USD Million)
8.6. Others
8.6.1. Global Revenue Cycle Management Market, by Others, by Region, 2016- 2028 (USD Million)

9. Revenue Cycle Management Market Assessment by Geography
9.1. Key findings
9.2. Introduction
9.2.1. Revenue Cycle Management Market Assessment, By Geography, 2016- 2028 (USD Million)
9.3. Revenue Cycle Management Market - North America
9.3.1. North America: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.3.2. North America: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.3.3. North America: Revenue Cycle Management Market, By Deployment, 2016 - 2028 (USD Million)
9.3.4. North America: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.3.5. Revenue Cycle Management Market - U.S.
9.3.5.1. U.S.: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.3.5.2. U.S.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.3.5.3. U.S.: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.3.5.4. U.S.: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.3.6. Revenue Cycle Management Market - Canada
9.3.6.1. Canada: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.3.6.2. Canada.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.3.6.3. Canada: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.3.6.4. Canada: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4. Revenue Cycle Management Market - Europe
9.4.1. Europe: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.2. Europe.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.3. Europe: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.4. Europe: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.5. Revenue Cycle Management Market - UK
9.4.5.1. UK: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.5.2. UK.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.5.3. UK: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.5.4. UK: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.6. Revenue Cycle Management Market - France
9.4.6.1. France: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.6.2. France.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.6.3. France: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.6.4. France: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.7. Revenue Cycle Management Market - Germany
9.4.7.1. Germany: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.7.2. Germany.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.7.3. Germany: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.7.4. Germany: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.8. Revenue Cycle Management Market - Italy
9.4.8.1. Italy: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.8.2. Italy.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.8.3. Italy: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.8.4. Italy: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.9. Revenue Cycle Management Market - Spain
9.4.9.1. Spain: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.9.2. Spain.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.9.3. Spain: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.9.4. Spain: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.10. Revenue Cycle Management Market - Netherlands
9.4.10.1. Netherlands: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.10.2. Netherlands.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.10.3. Netherlands: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.10.4. Netherlands: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.4.11. Revenue Cycle Management Market - Austria
9.4.11.1. Austria: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.4.11.2. Austria.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.4.11.3. Austria: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.4.11.4. Austria: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5. Revenue Cycle Management Market - Asia-Pacific
9.5.1. Asia Pacific: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.2. Asia Pacific.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.3. Asia-pacific: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.4. Asia-pacific: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.5. Revenue Cycle Management Market - China
9.5.5.1. China: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.5.2. China.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.5.3. China: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.5.4. China: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.6. Revenue Cycle Management Market - India
9.5.6.1. India: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.6.2. India.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.6.3. India: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.6.4. India: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.7. Revenue Cycle Management Market - Malaysia
9.5.7.1. Malaysia: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.7.2. Malaysia.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.7.3. Malaysia: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.7.4. Malaysia: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.8. Revenue Cycle Management Market - Japan
9.5.8.1. Japan: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.8.2. Japan.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.8.3. Japan: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.8.4. Japan: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.9. Revenue Cycle Management Market - Indonesia
9.5.9.1. Indonesia: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.9.2. Indonesia.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.9.3. Indonesia: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.9.4. Indonesia: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.5.10. Revenue Cycle Management Market - South Korea
9.5.10.1. South Korea: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.5.10.2. South Korea.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.5.10.3. South Korea: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.5.10.4. South Korea: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.6. Revenue Cycle Management Market - Middle East & Africa
9.6.1. Middle East & Africa: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.6.2. Middle East & Africa.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.6.3. Middle East & Africa: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.6.4. Middle East & Africa: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.6.5. Revenue Cycle Management Market - Saudi Arabia
9.6.5.1. Saudi Arabia: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.6.5.2. Saudi Arabia.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.6.5.3. Saudi Arabia: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.6.5.4. Saudi Arabia: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.6.6. Revenue Cycle Management Market - UAE
9.6.6.1. UAE: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.6.6.2. UAE.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.6.6.3. UAE: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.6.6.4. UAE: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.6.7. Revenue Cycle Management Market - Israel
9.6.7.1. Israel: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.6.7.2. Israel.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.6.7.3. Israel: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.6.7.4. Israel: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.6.8. Revenue Cycle Management Market - South Africa
9.6.8.1. South Africa: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.6.8.2. South Africa.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.6.8.3. South Africa: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.6.8.4. South Africa: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.7. Revenue Cycle Management Market - Latin America
9.7.1. Latin America: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.7.2. Latin America.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.7.3. Latin America: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.7.4. Latin America: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.7.5. Revenue Cycle Management Market - Mexico
9.7.5.1. Mexico: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.7.5.2. Mexico.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.7.5.3. Mexico: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.7.5.4. Mexico: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.7.6. Revenue Cycle Management Market - Brazil
9.7.6.1. Brazil: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.7.6.2. Brazil.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.7.6.3. Brazil: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.7.6.4. Brazil: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)
9.7.7. Revenue Cycle Management Market - Argentina
9.7.7.1. Argentina: Revenue Cycle Management Market, By Product Type, 2016- 2028 (USD Million)
9.7.7.2. Argentina.: Revenue Cycle Management Market, By Type, 2016- 2028 (USD Million)
9.7.7.3. Argentina: Revenue Cycle Management Market, By Deployment, 2016- 2028 (USD Million)
9.7.7.4. Argentina: Revenue Cycle Management Market, By End Use, 2016- 2028 (USD Million)

10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles
11.1. The SSI Group, Inc.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product & Services Benchmarking
11.1.4. Recent Development
11.2. AllScripts Healthcare
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product & Services Benchmarking
11.2.4. Recent Development
11.3. Experian Health
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product & Services Benchmarking
11.3.4. Recent Development
11.4. McKesson Corporation
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product & Services Benchmarking
11.4.4. Recent Development
11.5. Athenahealth, Inc.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product & Services Benchmarking
11.5.4. Recent Development
11.6. Epic Systems Corporation
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product & Services Benchmarking
11.6.4. Recent Development
11.7. Cerner
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product & Services Benchmarking
11.7.4. Recent Development
11.8. Quest Diagnostics
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product & Services Benchmarking
11.8.4. Recent Development
11.9. GE Healthcare
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product & Services Benchmarking
11.9.4. Recent Development
11.10. Eclinicalworks
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product & Services Benchmarking
11.10.4. Recent Development
11.11. Conifer Health Solutions
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product & Services Benchmarking
11.11.4. Recent Development
11.12. Gebbs Healthcare Solutions
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product & Services Benchmarking
11.12.4. Recent Development
11.13. R1 Rcm
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product & Services Benchmarking
11.13.4. Recent Development
11.14. Constellation Software
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product & Services Benchmarking
11.14.4. Recent Development
11.15. Nthrive
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product & Services Benchmarking
11.15.4. Recent Development
Note: Product cover images may vary from those shown
  • The SSI Group Inc.
  • AllScripts Healthcare LLC
  • Experian Health
  • R1 RCM Inc.
  • McKesson Corporation
  • athenahealth Inc.
  • Epic Systems Corporation
  • NXGN Management LLC
  • CareCloud Corporation
  • Quest Diagnostics Inc.
  • R1 RCM Inc.
Note: Product cover images may vary from those shown