Healthcare RCM Outsourcing Market in the US 2018-2022
About Healthcare RCM Outsourcing
Healthcare revenue cycle management (RCM) encompasses and integrates all the activities from the pre-registration of a patient to the final invoicing and follow-up activities pertaining to a visit to a hospital or an individual doctor.
Technavio’s analysts forecast the healthcare RCM outsourcing market in the US to grow at a CAGR of 13.07% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the healthcare RCM outsourcing market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Healthcare RCM Outsourcing Market in the US 2018-2022, 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.
Technavio Announces the Publication of its Research Report – Healthcare RCM Outsourcing Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the healthcare RCM outsourcing market in the US: Allscripts, Change Healthcare, Conifer Health Solutions, and MEDNAX Services.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing consolidation in the healthcare RCM outsourcing market. One of the significant trends in the healthcare RCM outsourcing market in the US is the increasing number of M&A that is taking place in the market. However, this pattern is not restricted to the healthcare RCM outsourcing market. The entire healthcare industry in the US has witnessed an increasing number of M&As in 2017.”
According to the report, one driver in the market is improvement in healthcare administrative processes. The key driver for the healthcare RCM outsourcing market in the US is the improvement in healthcare administrative processes, optimization, and operational efficiency. Manual processes result in data redundancies and errors, creating a complex and inefficient system.
Further, the report states that one challenge in the market is offshore outsourcing intensifying competition in the market. The primary challenge for the healthcare RCM outsourcing market in the US is the growing offshore outsourcing opportunities for the healthcare providers in the US. This competition is mostly provided by countries such as India and China with their massive IT services sector and low labor cost.
Allscripts, Change Healthcare, Conifer Health Solutions, and MEDNAX Services.
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