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Revenue Cycle Management (RCM) Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5701176
Major players in the revenue cycle management (RCM) market are The SSI Group LLC, Allscripts Healthcare Solutions Inc, Experian Health, R1 RCM Inc, McKesson Corporation, Athenahealth Inc., Epic Systems Corporation, Quest Diagnostics Inc., Cerner Corporation, Constellation Software, GE Healthcare, eClinicalWorks, NXGN Management LLC, CareCloud Corporation, AdvantEdge Healthcare Solutions, Huron Consulting Group, Optum Inc, 3M, Cognizant, GeBBSHealthcare Solutions, Infosys Limited, Oracle Corporation, Accenture plc, and Conifer Health Solutions LLC.

The global revenue cycle management market is expected to grow from $90.24 billion in 2021 to $102.32 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The revenue cycle management market is expected to grow to $163.45 billion in 2026 at a CAGR of 12.4%.

The revenue cycle management market includes revenues earned by entities by providing utilization review, medical coding, denial management, referral verification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The revenue cycle management refers to the services used by healthcare providers to be financially viable and to continue providing their patients high-quality treatment through the process of locating, obtaining, and managing the practice's revenue from payers based on the services rendered. This helps providers prevent delayed or lost money. These are useful in tracking patient care episodes from registration to the final payment of a balance.

North America was the largest region in the revenue cycle management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the revenue cycle management (RCM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types products in revenue cycle management are integrated, and standalone RCM. Standalone RCM refers to complete in itself. The different components include software and services that involve several functions such as claims and denial management, medical coding and billing, electronic health record (EHR), clinical documentation improvement (CDI), insurance, and other functions. The various deployment types include web-based, cloud-based, and on-premises. The various end-users involved are hospitals, general physicians, labs, and others.

Increasing healthcare expenditures is expected to propel the growth of the revenue cycle management market going forward. Health expenditure will include all expenditures for the provision of health services, family planning activities, nutrition activities, and emergency aid that have been designated for health. Healthcare facilities are adopting advanced solutions such as revenue cycle management for managing the administrative and clinical functions due to the rise in healthcare expenditure. These solutions are associated with claims processing, payment, and revenue generation. For instance, according to the U.S. Centres for Medicare & Medicaid Services, a US-based federal agency, in 2019, US healthcare spending increased by 4.6% reaching $3.8 trillion or $11,582 per person. This growth rate is substantially higher than in 2019 (4.3 %). Therefore, the increasing healthcare expenditure is driving the growth of the revenue cycle management market.

Technological advancements are a key trend gaining popularity in the revenue cycle management market. Major companies operating in the revenue cycle management market are focused on developing new technological solutions to strengthen their position. For instance, in June 2022, Olive, a US-based healthcare automation company launched its Autonomous Revenue Cycle (ARC) management suite of solutions that allows healthcare organizations to handle time-consuming administrative tasks using artificial intelligence in the revenue cycle and get paid quicker while reducing the uncompensated care risk. It integrates practice management systems and existing electronic health records.

In August 2020, R1 RCM Inc., a US-based company operating in revenue cycle management acquired Cerner’s revenue cycle business for an amount of $30 million. With this acquisition, R1 and RevWorks are expected to provide enhanced revenue cycle capabilities and expertise to the clients and new prospects, helping drive sustainable financial improvements for providers while improving their patients’ overall experience. Cerner is a US-based company operating in revenue cycle management.

The countries covered in the revenue cycle management (RCM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The revenue cycle management market research report is one of a series of new reports that provides revenue cycle management market statistics, including revenue cycle management industry global market size, regional shares, competitors with a revenue cycle management market share, detailed revenue cycle management market segments, market trends and opportunities, and any further data you may need to thrive in the revenue cycle management industry. This revenue cycle management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Revenue Cycle Management Market

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

The Global Revenue Cycle Management Market was estimated to be valued at $102.32 billion in 2022.

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

The growth rate of the Global Revenue Cycle Management Market is 12.4%, with an estimated value of $163.45 billion by 2026.

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

The Global Revenue Cycle Management Market is estimated to be worth $163.45 billion by 2026.

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

Key companies in the Global Revenue Cycle Management Market include The SSI Group LLC, Allscripts Healthcare Solutions Inc., Experian Health, R1 RCM Inc., McKesson Corporation, Athenahealth Inc., Epic Systems Corporation, Quest Diagnostics Inc. and Constellation Software.

Table of Contents

1. Executive Summary2. Revenue Cycle Management Market Characteristics3. Revenue Cycle Management Market Trends And Strategies
4. Revenue Cycle Management Market - Macro Economic Scenario
4.1. COVID-19 Impact On Revenue Cycle Management Market
4.2. Ukraine-Russia War Impact On Revenue Cycle Management Market
4.3. Impact Of High Inflation On Revenue Cycle Management Market
5. Revenue Cycle Management Market Size And Growth
5.1. Global Revenue Cycle Management Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Revenue Cycle Management Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Revenue Cycle Management Market Segmentation
6.1. Global Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Integrated
  • Standalone
6.2. Global Revenue Cycle Management Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Software
  • Services
6.3. Global Revenue Cycle Management Market, Segmentation By Function, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Claims And Denial Management
  • Medical Coding And Billing
  • Electronic Health Record (EHR)
  • Clinical Documentation Improvement (CDI)
  • Insurance
  • Other Functions
6.4. Global Revenue Cycle Management Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Web-Based
  • Cloud-Based
  • On-Premises
6.5. Global Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hospitals
  • General Physicians
  • Labs
  • Other End Users
7. Revenue Cycle Management Market Regional And Country Analysis
7.1. Global Revenue Cycle Management Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Revenue Cycle Management Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Revenue Cycle Management Market
8.1. Asia-Pacific Revenue Cycle Management 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 Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Revenue Cycle Management Market
9.1. China Revenue Cycle Management Market Overview
9.2. China Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Revenue Cycle Management Market
10.1. India Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Revenue Cycle Management Market
11.1. Japan Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Revenue Cycle Management Market
12.1. Australia Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Revenue Cycle Management Market
13.1. Indonesia Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Revenue Cycle Management Market
14.1. South Korea Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Revenue Cycle Management Market
15.1. Western Europe Revenue Cycle Management Market Overview
15.2. Western Europe Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Revenue Cycle Management Market
16.1. UK Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Revenue Cycle Management Market
17.1. Germany Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Revenue Cycle Management Market
18.1. France Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Revenue Cycle Management Market
19.1. Eastern Europe Revenue Cycle Management Market Overview
19.2. Eastern Europe Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Revenue Cycle Management Market
20.1. Russia Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Revenue Cycle Management Market
21.1. North America Revenue Cycle Management Market Overview
21.2. North America Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Revenue Cycle Management Market
22.1. USA Revenue Cycle Management Market Overview
22.2. USA Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Revenue Cycle Management Market
23.1. South America Revenue Cycle Management Market Overview
23.2. South America Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Revenue Cycle Management Market
24.1. Brazil Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Revenue Cycle Management Market
25.1. Middle East Revenue Cycle Management Market Overview
25.2. Middle East Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Revenue Cycle Management Market
26.1. Africa Revenue Cycle Management Market Overview
26.2. Africa Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Revenue Cycle Management Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Revenue Cycle Management Market Competitive Landscape And Company Profiles
27.1. Revenue Cycle Management Market Competitive Landscape
27.2. Revenue Cycle Management Market Company Profiles
27.2.1. The SSI Group LLC
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. Allscripts Healthcare Solutions Inc
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. Experian Health
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. R1 RCM Inc
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. McKesson Corporation
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 Market29. Revenue Cycle Management Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Revenue Cycle Management (RCM) Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global revenue cycle management (rcm) market.

This report focuses on revenue cycle management (rcm) market which is experiencing strong growth. The report gives a guide to the revenue cycle management (rcm) 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.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • 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

Description:

Where is the largest and fastest growing market for the revenue cycle management (rcm)? 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 (RCM) 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 (rcm) 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.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • 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 (rcm) market section of the report gives context. It compares the revenue cycle management (rcm) market with other segments of the revenue cycle management (rcm) market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, revenue cycle management (rcm) indicators comparison.

Scope

Markets Covered:

1) By Product: Integrated; Standalone
2) By Component: Software; Services
3) By Function: Claims And Denial Management; Medical Coding and Billing; Electronic Health Record (EHR); Clinical Documentation Improvement (CDI); Insurance; Other Functions
4) By Deployment: Web-Based; Cloud-Based; On-Premises
5) By End User: Hospitals; General Physicians; Labs; Other End Users

Companies Mentioned: The SSI Group LLC; Allscripts Healthcare Solutions Inc.; Experian Health; R1 RCM Inc.; McKesson Corporation

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.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • The SSI Group LLC
  • Allscripts Healthcare Solutions Inc.
  • Experian Health
  • R1 RCM Inc.
  • McKesson Corporation
  • Athenahealth Inc.
  • Epic Systems Corporation
  • Quest Diagnostics Inc.
  • Cerner Corporation
  • Constellation Software
  • GE Healthcare
  • eClinicalWorks
  • NXGN Management LLC
  • CareCloud Corporation
  • AdvantEdge Healthcare Solutions
  • Huron Consulting Group
  • Optum Inc.
  • 3M
  • Cognizant
  • GeBBSHealthcare Solutions
  • Infosys Limited
  • Oracle Corporation
  • Accenture plc
  • Conifer Health Solutions LLC.-

Methodology

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