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Global Technology Spending on Revenue Cycle Management Market (2022-2027) by Platform, Solution, Deployment, End-Users, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 146 Pages
  • October 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5696688

The growing number of multiple data siloes and unorganized workflows in healthcare settings is paving a path for market development and growth

The Global Technology Spending on Revenue Cycle Management Market is estimated to be USD 17.46 Bn in 2022 and expected to reach USD 24.55 Bn by 2027, growing at a CAGR of 7.05%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Technology Spending on Revenue Cycle Management Market 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 Technology Spending on Revenue Cycle Management Market is segmented based on Platform, Solution, Deployment, End-Users, and Geography.
  • By Platform, the market is classified into Integrated and Stand-alone.
  • By Solution, the market is classified into In-house and Out-source.
  • By Deployment, the market is classified into Cloud-based, Web-Based, and On-premise.
  • By End-Users, the market is classified into Provider and Payers.
  • 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 Constellation Software, Inc., Athenahealth, Inc., CareCloud, Inc., Epic Systems Corp., Experian PLC, FinThrive Revenue Systems, LLC, 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 a 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 Technology Spending on 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 analyst analyses the Global Technology Spending on 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 analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Technology Spending on 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 and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is 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 analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the 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
Frequently Asked Questions about the Global Technology Spending on Revenue Cycle Management Market

What is the estimated value of the Global Technology Spending on Revenue Cycle Management Market?

The Global Technology Spending on Revenue Cycle Management Market was estimated to be valued at $17.46 Billion in 2022.

What is the growth rate of the Global Technology Spending on Revenue Cycle Management Market?

The growth rate of the Global Technology Spending on Revenue Cycle Management Market is 7.0%, with an estimated value of $24.55 Billion by 2027.

What is the forecasted size of the Global Technology Spending on Revenue Cycle Management Market?

The Global Technology Spending on Revenue Cycle Management Market is estimated to be worth $24.55 Billion by 2027.

Who are the key companies in the Global Technology Spending on Revenue Cycle Management Market?

Key companies in the Global Technology Spending on Revenue Cycle Management Market include 3M Company, AdvantEdge Healthcare Solutions, Athenahealth, Inc., CareCloud, Inc., Cerner Corp., Change Healthcare, Cognizant Technology Solutions, Conifer Health Solutions, LLC and eClinicalWorks LLC.

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 Simplified and Efficient Accounting and Billing
4.1.2 Key Advantage Over Traditional Revenue Cycle Management
4.1.3 Increase in Outsourcing of Revenue Cycle Management
4.2 Restraints
4.2.1 Stringent Government Regulations
4.3 Opportunities
4.3.1 Increasing Demand for Cloud-based Revenue Cycle Management
4.4 Challenges
4.4.1 Data Security and Privacy Concerns
4.4.2 Increased Mergers & Acquisition in Healthcare Industry
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of COVID-19
5.5 Ansoff Matrix Analysis
6 Global Technology Spending on Revenue Cycle Management Market, By Platform
6.1 Introduction
6.2 Integrated
6.3 Stand-alone
7 Global Technology Spending on Revenue Cycle Management Market, By Solution
7.1 Introduction
7.2 In-house
7.3 Out-source
8 Global Technology Spending on Revenue Cycle Management Market, By Deployment
8.1 Introduction
8.2 Cloud-based
8.3 Web-Based
8.4 On-premise
9 Global Technology Spending on Revenue Cycle Management Market, By End-Users
9.1 Introduction
9.2 Provider
9.3 Payers
10 Americas’ Technology Spending on Revenue Cycle Management Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe’s Technology Spending on Revenue Cycle Management Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa’s Technology Spending on Revenue Cycle Management Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC’s Technology Spending on Revenue Cycle Management Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 3M Company
15.2 AdvantEdge Healthcare Solutions
15.3 Athenahealth, Inc.
15.4 CareCloud, Inc.
15.5 Cerner Corp.
15.6 Change Healthcare
15.7 Cognizant Technology Solutions
15.8 Conifer Health Solutions, LLC
15.9 Constellation Software, Inc.
15.10 eClinicalWorks LLC
15.11 Epic Systems Corp.
15.12 Experian PLC
15.13 FinThrive Revenue Systems, LLC
15.14 GeBBSHealthcare Solutions, Inc.
15.15 Huron Consulting Group, Inc.
15.16 NXGN Management, LLC.
15.17 OMH HealthEdge Holdings, Inc.
15.18 Optum, Inc.
15.19 Plutus Health Inc.
15.20 Quest Diagnostics Inc.
15.21 R1 RCM, Inc.
15.22 Tracxn Technologies Ltd.
15.23 TruBridge LLC
15.24 Vee Technologies Pvt. Ltd.
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • 3M Company
  • AdvantEdge Healthcare Solutions
  • Athenahealth, Inc.
  • CareCloud, Inc.
  • Cerner Corp.
  • Change Healthcare
  • Cognizant Technology Solutions
  • Conifer Health Solutions, LLC
  • Constellation Software, Inc.
  • eClinicalWorks LLC
  • Epic Systems Corp.
  • Experian PLC
  • FinThrive Revenue Systems, LLC
  • GeBBSHealthcare Solutions, Inc.
  • Huron Consulting Group, Inc.
  • NXGN Management, LLC.
  • OMH HealthEdge Holdings, Inc.
  • Optum, Inc.
  • Plutus Health Inc.
  • Quest Diagnostics Inc.
  • R1 RCM, Inc.
  • Tracxn Technologies Ltd.
  • TruBridge LLC
  • Vee Technologies Pvt. Ltd.