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Revenue Cycle Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Revenue Cycle Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The report on global revenue cycle management market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global revenue cycle management market to grow with a CAGR of 11.7% over the forecast period of 2018-2024. The study on revenue cycle management market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Global revenue cycle management market is showing a positive trend of development around the globe. There are many factors which are indicating a positive outlook of market for medium and long term. The growth of the RCM market is majorly driven by growing support from regulatory compliance, increasing healthcare spending, growing demand for cloud-based solutions, and increasing market for outsourced RCM solutions. In addition, growth in healthcare expenditure in emerging nations and technological advancements for workflow optimization fuel the demand for advanced healthcare systems, thereby driving the RCM market growth. Additionally, mouth publicity of advantages any organization got after implementation of revenue cycle management, such as increase in revenue generation, better efficiency in healthcare practices, easier compliance with industry norms and regulations, and greater accuracy and easier access to healthcare IT systems are driving the growth of this market globally.
On the basis of region, revenue cycle management market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is leading player in this market globally, due to it is the house of several RCM service providers companies, and favorable regulatory compliance, support from insurance companies and consumers are helping to grow this market in this region. Asia Pacific region is growing at a highest CAGR due to decreasing reimbursements in the healthcare industry, regulatory mandates for the adoption of electronic health and medical records, government initiatives to boost the adoption of RCM solutions, loss of revenue due to billing errors, and process improvements in healthcare organizations.
Recent Development:-
HBMA and Healthcare Compliance Pros Launched Healthcare Business Management Compliance Accreditation for Revenue Cycle Management Companies in April 2018
Healthcare Business Management Association (HBMA) collaborated with Healthcare Compliance Pros (HCP) to develop the Healthcare Business Management Compliance Accreditation for revenue cycle management (RCM) companies, medical practice management organizations and healthcare software vendors. Healthcare Business Management Compliance Accreditation would establish standards to help these companies safeguard patients’ protected health information (PHI) by complying with the Health Insurance Portability and Accountability Act (HIPAA) and ensure compliance with Office of Inspector General (OIG) standards.
eClinicalWorks launched Acute Care EHR & Revenue Cycle Management Starting at $599 Per Bed Per Month in February,2018
eClinicalWorks®, a leader in healthcare IT solutions, launched a cloud-based platform for Acute Care EHR and Revenue Cycle Management during HIMSS18, starting at $599 per bed per month, with no capital cost for licensing. eClinicalWorks would help to seamless flow of information between ambulatory and acute care settings. Hamilton Healthcare System, a 42-bed community hospital, expanded its relationship with eClinicalWorks by becoming the first hospital to go live with the Acute Care EHR and Revenue Cycle Management solution in 2018.
Surgical Notes Launcheed SNBilling Revenue Cycle Management Service in January,2017
Surgical Notes, a nationwide provider of revenue cycle solutions including, transcription, coding, revenue cycle management, document management, and electronic health record applications for the ambulatory surgery center (ASC) and surgical hospital markets, announced to launch a new service named SNBilling, its revenue cycle management service. SNBilling is the newest offering of Surgical Notes' complete end-to-end revenue cycle solution offering.
The report on revenue cycle management market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global revenue cycle management market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global revenue cycle management market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global revenue cycle management market is segmented on the basis of product, deployment, function and end-use.

Global Revenue Cycle Management Market by Product
Integrated Solutions
Standalone Solutions
Global Revenue Cycle Management Market by Deployment
Web-Based
On-Premise
Cloud-Based
Global Revenue Cycle Management Market by Function
Claims & Denial Management
Medical Coding & Billing
Patient Insurance Eligibility Verification
Payment Remittance
Electronic Health Record (EHR)
Clinical Documentation Improvement (CDI)
Other Functions
Global Revenue Cycle Management Market by End-use
Physician Clinics
Hospitals
Laboratories
Others

Company Profiles
Gebbs Healthcare Solutions
EPIC Systems
Conifer Health Solutions
Eclinicalworks
GE Healthcare
Athenahealth
Allscripts Healthcare Solutions
Quest Diagnostics
Mckesson
Cerner

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of revenue cycle management market.
2. Complete coverage of all the segments in revenue cycle management market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global revenue cycle management market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.


The report on revenue cycle management market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global revenue cycle management market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Revenue Cycle Management Market Highlights
2.2. Revenue Cycle Management Market Projection
2.3. Revenue Cycle Management Market Regional Highlights
3. Global Revenue Cycle Management Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Product
3.4.2. IGR-Growth Matrix Analysis by Deployment
3.4.3. IGR-Growth Matrix Analysis by Function
3.4.4. IGR-Growth Matrix Analysis by End-user
3.4.5. IGR-Growth Matrix Analysis by Region
3.5. Value chain revenue cycle management market
4. Revenue Cycle Management Market Macro Indicator Analysis
5. Global Revenue Cycle Management Market by Product
5.1. Integrated Solutions
5.2. Standalone Solutions
6. Global Revenue Cycle Management Market by Deployment
6.1.Web-Based
6.2. On-Premise
6.3. Cloud-Based
7. Global Revenue Cycle Management Market by Function
7.1. Claims & Denial Management
7.2. Medical Coding & Billing
7.3. Patient Insurance Eligibility Verification
7.4. Payment Remittance
7.5. Electronic Health Record (EHR)
7.6. Clinical Documentation Improvement (CDI)
7.7. Others
8. Global Revenue Cycle Management Market by End-user
8.1. Physician Clinics
8.2. Hospitals
8.3. Laboratories
8.4. Others
9. Global Revenue Cycle Management Market by Region 2018-2024
9.1. North America
9.1.1. North America Revenue Cycle Management Market by Product
9.1.2. North America Revenue Cycle Management Market by Deployment
9.1.3. North America Revenue Cycle Management Market by Function
9.1.4. North America Revenue Cycle Management Market by End-user
9.1.5. North America Revenue Cycle Management Market by Country
9.2. Europe
9.2.1. Europe Revenue Cycle Management Market by Product
9.2.2. Europe Revenue Cycle Management Market by Deployment
9.2.3. Europe Revenue Cycle Management Market by Function
9.2.4. Europe Revenue Cycle Management Market by End-user
9.2.5. Europe Revenue Cycle Management Market by Country
9.3. Asia-Pacific
9.3.1. Asia-Pacific Revenue Cycle Management Market by Product
9.3.2. Asia-Pacific Revenue Cycle Management Market by Deployment
9.3.3. Asia-Pacific Revenue Cycle Management Market by Function
9.3.4. Asia-Pacific Revenue Cycle Management Market by End-user
9.3.5. Asia-Pacific Revenue Cycle Management Market by Country
9.4. RoW
9.4.1. RoW Revenue Cycle Management Market by Product
9.4.2. RoW Revenue Cycle Management Market by Deployment
9.4.3. RoW Revenue Cycle Management Market by Function
9.4.4. RoW Revenue Cycle Management Market by End-user
9.4.5. RoW Revenue Cycle Management Market by Sub-region
10. Company Profiles and Competitive Landscape
10.1. Competitive Landscape in the Global Revenue Cycle Management Market
10.2. Companies Profiles
10.2.1. Gebbs Healthcare Solutions
10.2.1.1. Overview
10.2.1.2. Company Snapshot
10.2.1.3. Financial Snapshot
10.2.1.4. Product portfolio
10.2.1.5. Recent developments
10.2.2. Epic Systems
10.2.2.1. Overview
10.2.2.2. Company Snapshot
10.2.2.3. Financial Snapshot
10.2.2.4. Product portfolio
10.2.2.5. Recent developments
10.2.3. Conifer Health Solutions
10.2.3.1. Overview
10.2.3.2. Company Snapshot
10.2.3.3. Financial Snapshot
10.2.3.4. Product portfolio
10.2.3.5. Recent developments
10.2.4. Eclinicalworks
10.2.4.1. Overview
10.2.4.2. Company Snapshot
10.2.4.3. Financial Snapshot
10.2.4.4. Product portfolio
10.2.4.5. Recent developments
10.2.5. Ge Healthcare
10.2.5.1. Overview
10.2.5.2. Company Snapshot
10.2.5.3. Financial Snapshot
10.2.5.4. Product portfolio
10.2.5.5. Recent developments
10.2.6. Athenahealth
10.2.6.1. Overview
10.2.6.2. Company Snapshot
10.2.6.3. Financial Snapshot
10.2.6.4. Product portfolio
10.2.6.5. Recent developments
10.2.7. Allscripts Healthcare Solutions
10.2.7.1. Overview
10.2.7.2. Company Snapshot
10.2.7.3. Financial Snapshot
10.2.7.4. Product portfolio
10.2.7.5. Recent developments
10.2.8. Quest Diagnostics
10.2.8.1. Overview
10.2.8.2. Company Snapshot
10.2.8.3. Financial Snapshot
10.2.8.4. Product portfolio
10.2.8.5. Recent developments
10.2.9. Mckesson
10.2.9.1. Overview
10.2.9.2. Company Snapshot
10.2.9.3. Financial Snapshot
10.2.9.4. Product portfolio
10.2.9.5. Recent developments
10.2.10. Cerner
10.2.10.1. Overview
10.2.10.2. Company Snapshot
10.2.10.3. Financial Snapshot
10.2.10.4. Product portfolio
10.2.10.5. Recent developments
11. Appendix
11.1. Primary research findings and questionnaire

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