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Mid-Revenue Cycle Management/Clinical Documentation Improvement Market by Product & Service (Clinical Documentation, Clinical Coding (NLP, Structure Input), Charge Capture, CDI, DRG, Pre-Bill Review), End User, and Region - Global Forecast to 2023

Mid-Revenue Cycle Management/Clinical Documentation Improvement Market by Product & Service (Clinical Documentation, Clinical Coding (NLP, Structure Input), Charge Capture, CDI, DRG, Pre-Bill Review), End User, and Region - Global Forecast to 2023

“The Mid-Revenue Cycle Management/Clinical Documentation Improvement Market is Projected to Grow at a CAGR of 7.9%.”
The mid-revenue cycle management/clinical documentation improvement market is expected to reach USD 4.5 billion by 2023 from USD 3.1 billion in 2018, at a CAGR of 7.9%. Market growth is largely driven by the increasing utilization of mid-RCM solutions to reduce healthcare costs, check the loss of revenue due to medical billing and coding errors, resolve issues raised by the decline in reimbursement rates, manage ever-increasing amounts of unstructured data, and maintain regulatory compliance. On the other hand, IT infrastructural constraints in developing countries, a scarcity of skilled IT professionals, and the risks associated with HCIT solutions in terms of data security & privacy may restrain the growth of this market to a certain extent.

“The solutions segment accounted for the largest share of the market.”
In 2017, solutions accounted for the largest share of the market. The large share of the solutions segment can be attributed to the benefits offered by mid-revenue cycle solutions when they are integrated with EHRs/EMRs, encoder systems, voice/text/speech recognition software, CDI, transcription systems, and other hospital information management systems. Moreover, these solutions also eliminate the duplication of administrative work of entering selected codes into each record. They also decrease the potential for data documentation, charge capture, and coding errors, and improve the overall mid-revenue cycle process.

“The healthcare providers segment is projected to witness the highest growth during the forecast period.”
The healthcare providers segment is projected to grow at the highest rate over the next five years. Growth in the mid-revenue cycle management solutions market for healthcare providers can be attributed to the significant demand for these solutions from healthcare providers for improving data accuracy in clinical documentation, maximizing hospital revenues by minimizing coding errors, and shortening the claims reimbursement cycle. Revenue losses due to medical billing and coding errors, declining reimbursement rates, and the need to reduce the rising healthcare cost are other key factors supporting the growth in the demand for these solutions.

“APAC is projected to witness the highest growth during the forecast period.”
The APAC region is projected to grow at the highest rate over the next five years. The improving healthcare infrastructure and the rising healthcare insurance coverage and medical tourism are supporting the growth of the mid-revenue cycle management solutions market in the APAC.

Break of primary participants was as mentioned below:
By Company Type - Tier 1-30%, Tier 2-50% and Tier 3-20%
By Designation - C-level-45%, Director Level-30%, Others-25%
By Region - North America-65%, Europe-15%, Asia Pacific-10%, Rest of the World-10%

Prominent players in this market are 3M Company (US), Optum (US), Nuance (US), M*Modal (US), nThrive (US), Dolbey Systems (US), Streamline Health (US), Vitalware (US), Chartwise (US), Craneware (US), Epic Systems (US), Cerner (US), eZDI Inc. (US), Iodine Software (US), Flash Code (US), and TruCode (US).

Research Coverage:
The report analyzes and aims at estimating the market size and future growth potential of the mid-revenue cycle management/clinical documentation improvement market for different segments such as product & service, end user, and region. The report also includes an in-depth competitive analysis of key players along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market, which, in turn, could help them garner a greater market share.

This report provides insights on the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by top players in the market. The report analyzes the global mid-revenue cycle management/clinical documentation improvement market by product & service, end user, and region.
Product Development/Innovation: Detailed insights on upcoming trends and product launches in the market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various mid-revenue cycle management/clinical documentation improvement solutions across regions
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
Competitive Assessment: In-depth assessment of growth strategies and products of leading players in the mid-revenue cycle management/clinical documentation improvement market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • LIMITATIONS
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH APPROACH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
    • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET OVERVIEW
    • NORTH AMERICAN MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET
    • MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET: MAJOR GEOGRAPHIC REGIONS
    • GEOGRAPHIC MIX: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • Table MID-REVENUE CYCLE MANAGEMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
      • KEY MARKET DRIVERS
      • KEY MARKET RESTRAINTS
      • KEY MARKET OPPORTUNITIES
      • KEY MARKET CHALLENGES
  • INDUSTRY INSIGHTS
    • INTRODUCTION
    • CODING GUIDELINES
      • US
      • EUROPE
      • JAPAN
      • AUSTRALIA
    • TRENDS IN NLP-ENABLED DOCUMENTATION & CODING
  • MID-REVENUE CYCLE MANAGEMENT/CLINICAL DOCUMENTATION IMPROVEMENT MARKET, BY PRODUCT & SERVICE
    • INTRODUCTION
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
    • SOLUTIONS
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • CLINICAL DOCUMENTATION
        • Table CLINICAL DOCUMENTATION SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL DOCUMENTATION SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • CLINICAL CODING
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
        • Table NLP CLINICAL CODING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR NLP SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
        • Table STRUCTURED INPUT CLINICAL CODING SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR STRUCTURAL INPUT SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • CHARGE CAPTURE
        • Table CHARGE CAPTURE SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR CHARGE CAPTURE SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • CLINICAL DOCUMENTATION IMPROVEMENT
        • Table CDI SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL DOCUMENTATION IMPROVEMENT SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • DIAGNOSIS-RELATED GROUPING
        • Table DRG SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR DIAGNOSIS-RELATED GROUPING SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
      • PRE-BILL REVIEW
        • Table PRE-BILL REVIEW SOLUTIONS OFFERED BY KEY MARKET PLAYERS
        • Table MID-REVENUE CYCLE MANAGEMENT MARKET FOR PRE-BILL REVIEW SOLUTIONS, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
    • CONSULTING SERVICES
      • CONSULTING SERVICES TO WITNESS THE HIGHEST GROWTH RATE IN THE MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FROM 2018 TO 2023
        • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR CONSULTING SERVICES, BY COUNTRY/REGION, 2016-2023 (USD MILLION)
  • MID-REVENUE CYCLE MANAGEMENT/CLINICAL DOCUMENTATION IMPROVEMENT MARKET, BY END USER
    • INTRODUCTION
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
    • HEALTHCARE PROVIDERS
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY REGION, 2016-2023 (USD MILLION)
      • INPATIENT SETTINGS
        • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR INPATIENT SETTINGS, BY REGION, 2016-2023 (USD MILLION)
      • OUTPATIENT SETTINGS
        • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR OUTPATIENT SETTINGS, BY REGION, 2016-2023 (USD MILLION)
    • HEALTHCARE PAYERS
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PAYERS, BY REGION, 2016-2023 (USD MILLION)
  • MID-REVENUE CYCLE MANAGEMENT/CLINICAL DOCUMENTATION IMPROVEMENT MARKET, BY REGION
    • INTRODUCTION
      • Table MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
      • US
        • Table US: KEY MACROINDICATORS
        • Table US: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
        • Table US: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table US: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
        • Table US: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table US: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: KEY MACROINDICATORS
        • Table CANADA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
        • Table CANADA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
        • Table CANADA: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
        • Table CANADA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table CANADA: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
      • Table EUROPE: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
      • Table EUROPE: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table APAC: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
      • Table APAC: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table APAC: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
      • Table APAC: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
      • Table APAC: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY PRODUCT & SERVICE, 2016-2023 (USD MILLION)
      • Table ROW: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY TYPE, 2016-2023 (USD MILLION)
      • Table ROW: MID-REVENUE CYCLE MANAGEMENT MARKET FOR CLINICAL CODING SOLUTIONS, BY TYPE, 2016-2023 (USD MILLION)
      • Table ROW: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET, BY END USER, 2016-2023 (USD MILLION)
      • Table ROW: MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY TYPE, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
      • Table KEY DEVELOPMENTS IN THE MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET BETWEEN JANUARY 2014 AND NOVEMBER 2018
      • Table GROWTH STRATEGY MATRIX (2014-2018)
    • MARKET LEADERSHIP ANALYSIS
      • Table MARKET POSITION OF LEADING PLAYERS IN MID-REVENUE CYCLE MANAGEMENT SOLUTIONS MARKET
    • COMPETITIVE SCENARIO
      • AGREEMENTS, COLLABORATIONS, & PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, & PARTNERSHIPS, 2014-2018
      • PRODUCT LAUNCHES AND ENHANCEMENTS
        • Table PRODUCT LAUNCHES AND ENHANCEMENTS, 2014-2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2014-2018
      • EXPANSIONS
        • Table EXPANSIONS, 2014-2018
  • COMPANY PROFILES
    • 3M COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • OPTUM, INC. (A SUBSIDIARY OF UNITEDHEALTH GROUP, INC.)
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NUANCE COMMUNICATIONS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • M*MODAL
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DOLBEY SYSTEMS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NTHRIVE, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • STREAMLINE HEALTH SOLUTIONS, LLC
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • VITALWARE, LLC.
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CHARTWISE MEDICAL SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • IODINE SOFTWARE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • MNM VIEW
    • OTHER LEADING PLAYERS
      • CRANEWARE
      • EPIC SYSTEMS CORPORATION
      • CERNER CORPORATION
      • EZDI, INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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