Market Research Logo

Global Healthcare RCM Outsourcing Market 2015-2019

Global Healthcare RCM Outsourcing Market 2015-2019

About healthcare RCM outsourcing

Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower price to their patients. Increasing healthcare cost is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services. The process starts from gathering information from patients, documentation record, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered as healthcare RCM.

Technavios analysts forecast the global healthcare RCM outsourcing market to grow at a CAGR of 17.55% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global healthcare RCM outsourcing for 2015-2019. To calculate the market size, the report considers revenue generated from level of services which includes:

Front-end services
Middle services
Back-end services
Technavio's report, Global Healthcare RCM Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the landscape of the global healthcare RCM outsourcing and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions

Americas
APAC
EMEA
Key vendors

Conifer Health Solutions
Emdeon Business Services
MedAssets
Parallon Business Solutions
The SSI Group
Other prominent vendors


Account Control Technology
Accretive Health
ACS Healthcare Solutions
Adreima
Alleviant
Avadyne Health
BancTe
Bolder Healthcare Solutions
Cardon Outreach
CCS Revenue Cycle
Cerner
Certive Solutions
Conifer Health Solutions
Constellation Healthcare Technologies
edgeMED Healthcare Solutions
Emdeon
Etransmedia Technology
Experian Healthcare
FirstSource Solutions
Greenway Medical Technologies
Health Systems Management Network
IBM
MediGain
Medirevv
MEDNAX
Meridian Medical Management
Modernizing Medicine
Navigant Healthcare Cymetrix
PracticeMax
Precyse Solutions
Pyramid Healthcare Solutions
Recondo Technology
Source Medical
Sutherland Global Services
Team Health Holdings
TELUS Health Solutions
The Consult
The Corridor Group
The ROI Companies
T-System

Key market driver

Reducing inefficiencies in administrative process
For a full, detailed list, view our report
Key market challenge

Rapid changes in regulatory requirements
For a full, detailed list, view our report
Key market trend

Increased importance of cloud-based systems
For a full, detailed list, view our report
Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors


Press Release

Technavio Announces the Publication of its Research Report Global Healthcare RCM Outsourcing Market 215-2019
Technavio recognizes the following companies as the key players in the Global Healthcare RCM Outsourcing Market: Conifer Health Solutions, Emdeon Business Services, MedAssets, Parallon Business Solutions and The SSI Group
Other Prominent Vendors in the market are: Account Control Technology, Accretive Health, ACS Healthcare Solutions, Adreima, Alleviant, Avadyne Health, BancTe, Bolder Healthcare Solutions, Cardon Outreach, CCS Revenue Cycle, Cerner, Certive Solutions, Conifer Health Solutions, Constellation Healthcare Technologies, edgeMED Healthcare Solutions, Emdeon, Etransmedia Technology, Experian Healthcare, FirstSource Solutions, Greenway Medical Technologies, Health Systems Management Network, IBM, MediGain, Medirevv, MEDNAX, Meridian Medical Management, Modernizing Medicine, Navigant Healthcare Cymetrix, PracticeMax, Precyse Solutions, Pyramid Healthcare Solutions, Recondo Technology, Source Medical, Sutherland Global Services, Team Health Holdings, TELUS Health Solutions, The Consult, The Corridor Group, The ROI Companies and T-System
Commenting on the report, an analyst from Technavios team said: Revenue management analytics is gaining traction in the healthcare industry due to its ability to align the activities and documentation of front-end physician practice managers and administrators and the back-end central billing office. Analytics is helping in delivering insightful results and streamlining operations as well as improving patient collections, workflows, and patient care.
According to the report, redundant data and revising claims submissions due to errors in manual processing are some of the factors that put hospitals under pressure to design robust RCM systems. Unnecessary administrative complexities create inefficiencies in the healthcare delivery system and also incur additional cost. Owing to complexities in the system, 50% of physicians encounter problems in claim management. These inefficiencies ultimately incur healthcare cost.
Further, the report states that rapid changing regulations are leading to the requirement for more documentation to supplement each healthcare claim. This creates issues with respect to claim production, acceptance, and approval. This additional documentation also interferes with the smooth running of the revenue cycle workflow.

Companies Mentioned

Conifer Health Solutions, Emdeon Business Services, MedAssets, Parallon Business Solutions, The SSI Group, Account Control Technology, Accretive Health, ACS Healthcare Solutions, Adreima, Alleviant, Avadyne Health, BancTe, Bolder Healthcare Solutions, Cardon Outreach, CCS Revenue Cycle, Cerner, Certive Solutions, Conifer Health Solutions, Constellation Healthcare Technologies, edgeMED Healthcare Solutions, Emdeon, Etransmedia Technology, Experian Healthcare, FirstSource Solutions, Greenway Medical Technologies, Health Systems Management Network, IBM, MediGain, Medirevv, MEDNAX, Meridian Medical Management, Modernizing Medicine, Navigant Healthcare Cymetrix, PracticeMax, Precyse Solutions, Pyramid Healthcare Solutions, Recondo Technology, Source Medical, Sutherland Global Services, Team Health Holdings, TELUS Health Solutions, The Consult, The Corridor Group, The ROI Companies, T-System

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Traditional revenue cycle model in healthcare industry
      • Table Revenue cycle model and phases of service delivery in healthcare industry
    • Market size and forecast
      • Table Global healthcare RCM outsourcing market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by services
    • Global healthcare RCM outsourcing market by services
      • Table Global healthcare RCM outsourcing market by Services 2014 and 2019
    • Global healthcare RCM outsourcing market for front-end services
      • Table Global healthcare RCM outsourcing market for front-end services 2014-2019 ($ billions)
    • Global healthcare RCM outsourcing market for middle services
      • Table Global healthcare RCM outsourcing market for middle services ($ billions)
    • Global healthcare RCM outsourcing market for back-end services
      • Table Global healthcare RCM outsourcing market for back-end services ($ billions)
  • Market segmentation by end-user
    • Table Global healthcare RCM outsourcing market by end-user 2014
  • Geographical segmentation
    • Table Healthcare RCM outsourcing market by geography 2014 Global
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Conifer Health Solutions
      • Table Conifer Health Solutions: Business segmentation
    • Emdeon Business Services
      • Table Emdeon Business Services: Business segmentation
    • MedAssets
      • Table MedAssets: Business segmentation by revenue 2014
      • Table MedAssets: Business segmentation by revenue 2013 and 2014 ($ millions)
    • McKesson
      • Table McKesson: Business segmentation by revenue 2015
      • Table McKesson: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table McKesson: Geographical segmentation by revenue 2014
    • Parallon Business Solutions
      • Table Parallon Business Solutions: Key solutions
    • The SSI Group
      • Table The SSI Group: Service segmentation 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report