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Revenue Cycle Management Market- Opportunity & Forecast, 2027

Revenue Cycle Management Market Size ByProduct (Integrated Solutions, Standalone), Function (Claim & Denial, Medical Coding, Insurance Verification), Deployment (Web based, on premise, Cloud based), End User (Hospitals, Physicians, Lab),By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2015-2027

Product Overview:

Revenue Cycle Management primarily consists of product such as Integrated Solutions, Standalone Solutions which perform various function in revenue cycle management such as Claim and Denial, Medical coding and insurance verification. These products are mainly deployed on web, on-premise and on cloud, depending upon their end user which are hospitals, physicians and laboratories. Integrated solutions are most widely used across the healthcare facilities around the globe. However, the demand for standalone solutions are gaining popularity but are expected to continue lag behind integrated solutions in terms of market growth.

Marker Overview:

  • Global Revenue Cycle Management Market is projected to expand with a CAGR of 12.4% during the forecast timeline, 2019 to 2027. 
  • The Revenue Cycle Management market valued over USD 50billion in 2019 and is poisedto expand with a CAGR of over 12.4% during the forecast period and will pose to attract increasing investments.
  • Revenue Cycle Management market revenue is largely generated from sales of integrated solutions used worldwide to perform various revenue management functions. In 2018, a large majority of market value was generated from integrated solutions, accounting more than 60% of market share, owing to their multipurpose role, value proposition and cost effectiveness.
  • By deployment, web based revenue cycle management solutions accounted for more than 25% of market share in year 2018, owing to being oldest deployment mode which is widely adopted globally.
  • North America Revenue Cycle Management market accounted for largest market share in 2018 owing U.S Revenue Cycle Management market which dominates the regional market with more than 80% market share. Advance healthcare infrastructure aided with integration IT at various levels of healthcare management and high healthcare sector spending are main reasons behind U.S revenue cycle management market growth.
  • Asia Pacific Revenue Cycle Management market is poised to expand with exponential growth rate owing to developing healthcare sectors and inclusion of IT in healthcare practices in countries such as India and China.
  • IndiaRevenue Cycle Management market accounted for nearly 15% of total Asia Pacific Revenue Cycle Management market value. Rising healthcare spending, improving infrastructure and development of modern state of art hospitals with integrated IT facilities will augment market growth.

Research Scope:

The Revenue Cycle Management Market is segmented into;Product (Integrated Solutions, Standalone), Function (Claim & Denial, Medical Coding, Insurance Verification), Deployment (Web based, on premise, Cloud based), End User (Hospitals, Physicians, Lab). Finally, the market is segmented into region wise which includes North America, Europe, and Asia Pacific, Middle East & Africa and Latin America and their respective countries.

Years considered for this report:

  • Historical Years: 2015 – 2018
  • Base Year: 2019
  • Forecast Period: 2020 – 2027

Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants.

Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the air purifier market across geographies. Primary interviews are usually conducted on an on-going basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding.

Competitive Market Players:

The Revenue Cycle Management Market is dominated by the presence of a few key players operating globally, which includesAllscripts Inc.; Cerner Corporation, NextGen Healthcare, Change Healthcare, Experian Health; Epic Systems Corporation, Information Solution LLC, McKesson Corporation; and CareCloud Corporation. There is presence of other small and medium industry participants striving to gain market share.

Key Questions Answered in this Report:

  • What is the global Revenue Cycle Management market size in terms of revenue from 2014-2027, and what is the expected growth rate during the forecast period 2019-2027? 
  • What is the revenue generated by different types of Revenue Cycle Management at a global and regional level?
  • What is the revenue generated by Revenue Cycle Management based on different segments at a global and regional level?
  • What is the revenue generated by Revenue Cycle Management based on different end users at a global and regional level?
  • What is the market size and what are the various market opportunities of Revenue Cycle Management across different regions?
  • What are the major driving forces that are expected to increase the demand for the Revenue Cycle Management market during the forecast period?
  • What are the major challenges inhibiting the growth of the global Revenue Cycle Management market?
  • Which are the major stakeholders in terms of their contribution and impact in the Revenue Cycle Management ecosystem?
  • What type of new strategies is adopted by the existing market players to expand their market position in the industry?
  • What is the regulatory landscape in different regions for Revenue Cycle Management?
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