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Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021

Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021

About Healthcare Revenue Cycle Management (RCM) Software

Healthcare service providers deploy automated systems to address the RCM processes and to fill the payment gap that arises from the processes of medical billing and collections. The IT applications, such as hospital information system and EHR, have outdated technology platforms that lack advanced functionalities needed to address RCM issues. Hospitals and health systems prefer to outsource the RCM services due to the issues pertaining to revenue cycle processes and workflows.

Technavio’s analysts forecast the global Healthcare Revenue Cycle Management (RCM) Software market to grow at a CAGR of 4.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global Healthcare Revenue Cycle Management (RCM) Software market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sale of RCM solutions that include software suits, which are standalone and integrated solutions across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Allscripts
  • Cerner
  • GE Healthcare
  • McKesson
Other prominent vendors
  • Alleviant
  • athenahealth
  • Avadyne Health
  • MedData
  • MediRevv
  • Navigant Cymetrix
  • nThrive
  • OPTUM
  • SourceMed
  • ZirMed
Market driver
  • Increase in recovery audits due to changing healthcare regulations
  • For a full, detailed list, view our report
Market challenge
  • Selection of vendors to meet specific needs
  • For a full, detailed list, view our report
Market trend
  • Strong clinical network connectivity with medical practitioners
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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 Revenue Cycle Management (RCM) Software Market 2017-2021

Technavio recognizes the following companies as the key players in the global healthcare revenue cycle management (RCM) software market: Allscripts, Cerner, GE Healthcare, and McKesson.

Other Prominent Vendors in the market are: Alleviant, Athenahealth, Avadyne Health, MedData, MediRevv, Navigant Cymetrix, nThrive, OPTUM, SourceMed, and ZirMed.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is strong clinical network connectivity with medical practitioners. Clinical integration is the coordination in the healthcare network across functions, people, and activities. Clinical integration with physicians enables the healthcare companies to enhance the efficiency and quality of the healthcare system. Successful clinical integration between physicians and hospitals helps build a payment model as it takes both quality and cost into consideration. Clinical information can be completely integrated with EHR for the transition to new payment models.”

According to the report, one of the major drivers for this market is increase in recovery audits due to changing healthcare regulations. Healthcare service providers are under constant pressure caused by the change in government regulations in the healthcare sector. They are experiencing a rise in the cost of operations and a reduction in revenues. In addition, the revenue of the provider is under continuous scrutiny and audit by recovery audit contractors.

Further, the report states that one of the major factors hindering the growth of this market is selection of vendors to meet specific needs. The availability of RCM software vendors that are not solely focused on the healthcare sector makes the selection of the right vendor difficult. For optimizing RCM, prior experience in the healthcare sector is mandatory. Often, vendors with broad insurance experiences that are not specific to the healthcare sector take up hospital contracts. These service providers are unlikely to grasp the healthcare functions, placing the hospitals at a risk of underperforming or even regulatory compliance violations."



Companies Mentioned

Allscripts, Cerner, GE Healthcare, McKesson

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Market overview
    • Phases of evolution
  • Revenue leakage in healthcare system
    • Table Possible areas of revenue leakage
  • Market developments
    • Healthcare industry
    • Major M&A in healthcare RCM market
      • Table Major M&A in RCM software industry
  • Market size and forecast
    • Global healthcare RCM software market
      • Table Global healthcare RCM software market 2016-2021 ($ millions)
  • Market segmentation by deployment model
    • Market segmentation by deployment
      • Table Segmentation of global healthcare RCM software market by deployment models 2016 (%)
    • On-premises
      • Table Global on-premises healthcare RCM software market 2016-2021 ($ millions)
    • Cloud-based
      • Table Global cloud-based healthcare RCM software market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market size and forecast
      • Table Segmentation of global healthcare RCM software market by end-user 2016 (%)
      • Table Global healthcare RCM software market by physicians 2016-2021 ($ millions)
      • Table Global healthcare RCM software market by hospitals 2016-2021 ($ millions)
      • Table Global healthcare RCM software market by medical labs 2016-2021 ($ millions)
  • Geographical segmentation
    • Geographical segmentation of global healthcare RCM software market
      • Table Geographical segmentation of global healthcare RCM software market 2016 (% share)
      • Table Geographical segmentation of global healthcare RCM software market 2016-2021 (% share)
      • Table Healthcare RCM software market in Americas 2016-2021 ($ millions)
      • Table Healthcare RCM software market in EMEA 2016-2021 ($ millions)
      • Table ICD-10
      • Table Healthcare RCM software market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Integration of analytics into healthcare services
    • Strong clinical network connectivity with medical practitioners
    • Increased traction of cloud-based solution among RCM providers
  • Buying criteria
    • Table Buying criteria for RCM
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
    • Vendor matrix
      • Table Vendor matrix: Geographical presence
      • Table Vendor matrix: Solutions and features
  • Key vendor profiles
    • Allscripts
      • Table Allscripts: Recent developments
    • Cerner
      • Table Cerner: Recent developments
    • GE Healthcare
      • Table GE Healthcare: Recent developments
    • McKesson
      • Table McKesson Recent developments
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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