ASC Revenue Cycle Management Market Size, Share & Trends Analysis Report By Type (Integrated, Standalone), By Product (Software, Services), By Delivery Mode, By Region, And Segment Forecasts, 2024 - 2030

ASC Revenue Cycle Management Market Size, Share & Trends Analysis Report By Type (Integrated, Standalone), By Product (Software, Services), By Delivery Mode, By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global ASC revenue cycle management market size was estimated at USD 15.36 billion in 2023 and is expected to expand at a grow of 13.76% from 2024 to 2030. This growth is attributed to the increasing patient volume, integration of advanced technologies, and focus on cost containment and operational efficiency. According to the Centers for Medicare & Medicaid Services (CMS), in 2023, the Medicare Fee-for-Service (FFS) estimated improper payment rate was 7.38%, or USD 31.2 billion, highlighting the need for efficient revenue cycle management to minimize claim denials and maximize reimbursements.

The growing trend towards outpatient procedures rather than inpatient hospital stays has led to a higher demand for specialized software solutions for handling the increased volume of patients. Such facilities require efficient revenue cycle management tools to cope with the boost in patient flow and related billing operations. For instance, monitoring month-to-date collections and cases yet to be billed is crucial for these facilities to achieve their financial goals and determine potential issues.

The rapid technological advancements in Revenue Cycle Management (RCM) solutions are contributing to the market growth. Advanced RCM software platforms offer automated coding assistance, predictive analytics for revenue forecasting, real-time claims tracking, and integration with Electronic Health Records (EHR) systems. These technological innovations enhance operational efficiency and enable ambulatory surgery centers (ASC)s to adapt to regulatory requirements and industry standards. The updates aim to enhance operational efficiency and financial performance.

Moreover, the market players are adopting several strategies to increase their market presence, and market share, further contributing to the market’s growth. For instance, in April 2022, HST Pathways, a prominent provider of comprehensive software solutions for the ASC, acquired Simplify ASC. This strategic move signifies HST Pathways’ commitment to enhancing its offerings and expanding its market presence within this sector. Simplify ASC is known for its revenue cycle management solution, which complements HST Pathways’ existing suite of ASC management tools. These tools include scheduling and registration, clinical charting, claims management, inventory management, compliance, and reporting functionalities.

Global Revenue Cycle Management Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global ASC revenue cycle management market report based on type, product, delivery mode and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Integrated
• Standalone
• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Software
• Services
• Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
• On-premise
• Web-based
• Cloud-based
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Denmark
• Sweden
• Norway
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Thailand
• Latin America
• Brazil
• Argentina
• MEA
• South Africa
• Saudi Arabia
• UAE
• Kuwait

Please note The report will be delivered in 4-8 business days upon order notification.