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Global Revenue Cycle Management Market (2023-2028) Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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    Report

  • 190 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5544114

In 2021, more than 66% of healthcare organizations and hospitals already use automation tools for their revenue cycle operations

The Global Revenue Cycle Management Market is estimated to be USD 101.63 Bn in 2023 and is expected to reach USD 187.41 Bn by 2028 growing at a CAGR of 13.02%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Revenue Cycle Management Market is segmented based on Product, Type, Structure, Deployment, Function, End-Users, and Geography.
  • By Product, the market is classified into Integrated and Standalone Solutions.
  • By Type, the market is classified into Software and Services.
  • By Structure, the market is classified into In-house and Outsource.
  • By Deployment, the market is classified into Cloud-Based, Web-Based, and On-Premise Solutions.
  • By Function, the market is classified into Claim And Denial Management, Medical Billing And Coding, Patient Insurance Eligibility Check, Payment Remittance, Electronic Health Record (EHR), and Clinical Documentation Improvement (CDI).
  • By End-Users, the market is classified into Hospitals, Physicians, and Diagnostic & Ambulatory Care Centers.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M Co., Cognizant, GE Healthcare, Mckesson Corp., The SSI Group, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Revenue Cycle Management Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Revenue Cycle Management Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Revenue Cycle Management Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Government Initiatives to Boost the Adoption of RCM Solutions
4.1.2 Increasing Patient Volume and Subsequent Growth in Health Insurance
4.1.3 Loss of Revenue Due to Billing Errors and Declining Reimbursements
4.1.4 Growing Need to Manage Unstructured Healthcare Data
4.2 Restraints
4.2.1 High Deployment Costs
4.3 Opportunities
4.3.1 Growing Consolidation among Vendors for End-to-End Solutions
4.3.2 Increasing Outsourcing Services in Developing Countries
4.3.3 Increasing Demand for Cloud-Based RCM in Healthcare Expenditure
4.4 Challenges
4.4.1 Issues Related to Data Security and Confidentiality
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Revenue Cycle Management Market, By Product
6.1 Introduction
6.2 Integrated
6.3 Standalone Solutions
7 Global Revenue Cycle Management Market, By Type
7.1 Introduction
7.2 Software
7.3 Services
8 Global Revenue Cycle Management Market, By Structure
8.1 Introduction
8.2 In-house
8.3 Outsource
9 Global Revenue Cycle Management Market, By Deployment
9.1 Introduction
9.2 Cloud-based
9.3 Web-based
9.4 On-premise solutions
10 Global Revenue Cycle Management Market, By Function
10.1 Introduction
10.2 Claim and Denial Management
10.3 Medical Billing and Coding
10.4 Patient Insurance Eligibility Check
10.5 Payment Remittance
10.6 Electronic Health Record (EHR)
10.7 Clinical Documentation Improvement (CDI)
11 Global Revenue Cycle Management Market, By End-Users
11.1 Introduction
11.2 Hospitals
11.3 Physicians
11.4 Diagnostic and Ambulatory Care Centers
12 Americas' Revenue Cycle Management Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe's Revenue Cycle Management Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Italy
13.9 Netherlands
13.10 Norway
13.11 Poland
13.12 Russia
13.13 Spain
13.14 Sweden
13.15 Switzerland
13.16 United Kingdom
13.17 Rest of Europe
14 Middle East and Africa's Revenue Cycle Management Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Qatar
14.5 Saudi Arabia
14.6 South Africa
14.7 United Arab Emirates
14.8 Rest of MEA
15 APAC's Revenue Cycle Management Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements
17 Company Profiles
17.1 3M Co.
17.2 AdvantEdge Healthcare Solutions
17.3 Allscripts Healthcare, LLC
17.4 Athenahealth
17.5 CareCloud, Inc.
17.6 Cerner Corp.
17.7 Change Healthcare
17.8 Cognizant
17.9 Conifer Health Solutions, LLC
17.10 Constellation Software, Inc.
17.11 Epic Systems Corp.
17.12 Experian PLC
17.13 GE Healthcare
17.14 Gebbs Healthcare Solutions
17.15 Huron Consulting Group, Inc.
17.16 Mckesson Corp.
17.17 Nthrive Revenue Systems, LLC
17.18 OMH HealthEdge Holdings, Inc.
17.19 Optum, Inc.
17.20 Plutus Health, Inc.
17.21 Quest Diagnostics
17.22 R1 RCM, Inc.
17.23 The SSI Group
17.24 TruBridge
17.25 Vee Technologies Pvt. Ltd.
18 Appendix
18.1 Questionnaire

Companies Mentioned

  • 3M Co.
  • AdvantEdge Healthcare Solutions
  • Allscripts Healthcare, LLC
  • Athenahealth
  • CareCloud, Inc.
  • Cerner Corp.
  • Change Healthcare
  • Cognizant
  • Conifer Health Solutions, LLC
  • Constellation Software, Inc.
  • Epic Systems Corp.
  • Experian PLC
  • GE Healthcare
  • Gebbs Healthcare Solutions
  • Huron Consulting Group, Inc.
  • Mckesson Corp.
  • Nthrive Revenue Systems, LLC
  • OMH HealthEdge Holdings, Inc.
  • Optum, Inc.
  • Plutus Health, Inc.
  • Quest Diagnostics
  • R1 RCM, Inc.
  • The SSI Group
  • TruBridge
  • Vee Technologies Pvt. Ltd.