Revenue Cycle Management (RCM) Industry: 2017 Global Market Size, Share, Growth, Trends and 2024 Fut

The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Revenue cycle management (RCM) is used by healthcare providers to scale and manage the process of healthcare billing and reimbursements.

In this report, the revenue cycle management market is segmented on the basis of product type, deployment, component, stage, end-user, and geography.

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Based on type the market is further segmented into integrated RCM and standalone RCM.

On the basis of product type RCM solutions are segmented into standalone and integrated RCM. The integrated RCM solution are generally used by larger organizations where integration with other healthcare IT products such as RIS, LIS, PACS, HER among others to form a more holistic process for billing and claim settlements.

Based on end-users the market is segmented into hospitals, laboratories, and physicians and others.

Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market. With the market in U.S. shifting to value based reimbursements RCM is expected to play a major role to develop this process.

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The key players in the revenue cycle management market are McKesson Corporation, Cerner Corporation, Quest Diagnostics, Athena Health, Inc., Allscripts, EClinicalWorks, CareCloud Corporation, The SSI Groups, Inc., GE Healthcare, Epic Systems, Siemens Healthcare, and Kareo, Inc., among others.

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