Cart 0

MarketsandMarkets

Revenue Cycle Management Market - Global Forecast to 2021

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : Dec-16
No. Of Pages: 161

The global revenue cycle management market is projected to reach USD 80.56 billion by 2021 from USD 45.52 billion in 2016, at a CAGR of 12.1% from 2016 to 2021. Factors such as regulatory compliance encourage the use of RCM solutions, government support, process improvements in health organizations brought about by RCM, and the increasing number of patients and subsequent growth in insurance coverage are expected to drive the growth of the revenue cycle management market.

The Asian market has witnessed significant growth due to the increasing prevalence of chronic diseases showing a subsequent growth in demand for healthcare insurance, increasing demand for better healthcare services in developing economies such as India and China, process improvements in healthcare organizations, and increasing focus of international players on emerging markets.

In this report, the global revenue cycle management market is segmented on the basis of product, component, deployment, end user, and region. On the basis of component, the revenue cycle management market is divided into services and software. The services segment is expected to account for the largest share of the revenue cycle management component market in 2016. Factors such as the dependence of healthcare organizations on consulting, training, maintenance services, and regular updating of software are contributing to the growth of this segment.

On the basis of product, the revenue cycle management market is segmented into integrated RCM and standalone RCM. The integrated segment is expected to account for the largest share of the global revenue cycle management product market in 2016. The shift in the healthcare industry from volume-based payment to value-based payment systems; and streamlined and coordinated multiple financial functions through a single platform with the use of integrated RCM are the factors attributing to the growth of this segment.

Based on deployment, the revenue cycle management market is segmented into web-based, on-premise, and cloud-based systems. The cloud-based segment is expected to account for the largest share of the market in 2016. This growth can be attributed to its affordability and real-time storage of data from remote locations.

Based on end user, the revenue cycle management market is segmented into physicians, hospitals, laboratories and other end users (pharmacies and ambulatory care centers). The physicians segment is expected to account for the largest share of the market in 2016 and is projected to grow at the highest CAGR during the forecast period. Increasing number of geriatric population with chronic diseases leading to a subsequent rise in the insurance coverage has probed the regulatory framework to manage the increasing demand of healthcare insurance with RCM is one of the major factor driving the growth of this segment.

Partnerships, collaborations, and agreements were some of the strategies adopted by key players operating in the market.
Research Coverage:
From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and initiatives of governments. The competitive landscape covers growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the revenue cycle management market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The abovementioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends) and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the RCM market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products offered by the top players in the revenue cycle management market
• Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the revenue cycle management market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for revenue cycle management products across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the revenue cycle management market
• Competitive Assessment: In-depth assessment of market ranking, strategies, products, and manufacturing capabilities of the leading players in the revenue cycle management market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 17
1.3 MARKETS COVERED 17
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 18
1.6 LIMITATIONS 18
1.7 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 MARKET SIZE ESTIMATION 20
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.2.1 KEY DATA FROM SECONDARY SOURCES 24
2.2.2 KEY DATA FROM PRIMARY SOURCES 24
2.2.2.1 Key industry insights 25
2.2.3 ASSUMPTIONS FOR THE STUDY 25
2.3 MACROECONOMIC FACTOR ANALYSIS 26
2.3.1 INTRODUCTION 26
2.3.2 DEMAND-SIDE ANALYSIS 26
2.3.2.1 Regulatory scenario 26
2.3.3 SUPPLY-SIDE ANALYSIS 27
2.3.3.1 Number of collaborations and new product launch 27
3 EXECUTIVE SUMMARY 28
3.1 INTRODUCTION 28
3.2 CONCLUSION 32
4 PREMIUM INSIGHTS 33
4.1 REVENUE CYCLE MANAGEMENT: MARKET OVERVIEW 33
4.2 NORTH AMERICA: REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT 34
4.3 REVENUE CYCLE MANAGEMENT MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 35
4.4 REVENUE CYCLE MANAGEMENT MARKET, BY END USER 36
4.5 REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 Regulatory compliance encouraging the use of RCM 39
5.2.1.2 Government support for RCM solutions 40
5.2.1.3 Process improvements in healthcare organizations 40
5.2.1.4 Increasing number of patients and subsequent growth in the demand for health insurance 41
5.2.2 RESTRAINTS 41
5.2.2.1 High cost of deployment 41
5.2.2.2 Dearth of trained IT personnel 41
5.2.2.3 Infrastructural loop holes in developing markets 41
5.2.3 OPPORTUNITIES 42
5.2.3.1 Vendor consolidation to provide end-to-end solutions 42
5.2.3.2 Rising demand for Cloud-based RCM solutions 42
5.2.3.3 Potential RCM markets for IT vendors 43
5.2.4 CHALLENGES 43
5.2.4.1 Integration of RCM solutions within healthcare organizations 43
5.2.4.2 Data security 43
5.3 CURRENT TRENDS IN THE U.S. 44
5.3.1 DECLINING REIMBURSEMENT RATES PROMOTING VALUE-BASED PAYMENT MODELS 44
5.3.2 RCM OUTSOURCING 44
5.3.3 SINGLE-PAYER SYSTEMS 45
5.3.4 PREDICTIVE ANALYTICS 45
6 REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE 46
6.1 INTRODUCTION 47
6.2 INTEGRATED 47
6.3 STANDALONE 49
7 REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT 51
7.1 INTRODUCTION 52
7.2 SERVICES 53
7.3 SOFTWARE 54
8 REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT 56
8.1 INTRODUCTION 57
8.2 WEB-BASED 58
8.3 ON-PREMISE 59
8.4 CLOUD-BASED 61
9 REVENUE CYCLE MANAGEMENT MARKET, BY END USER 63
9.1 INTRODUCTION 64
9.2 PHYSICIANS 65
9.3 HOSPITALS 67
9.4 LABORATORIES 68
9.5 OTHER END USERS 70
10 GLOBAL REVENUE CYCLE MANAGEMENT MARKET, BY REGION 72
10.1 INTRODUCTION 73
10.2 NORTH AMERICA 75
10.2.1 U.S. 78
10.2.2 CANADA 80
10.2.3 MEXICO 83
10.3 EUROPE 85
10.3.1 GERMANY 87
10.3.2 U.K. 89
10.3.3 FRANCE 91
10.3.4 ITALY 93
10.3.5 SPAIN 94
10.3.6 REST OF EUROPE (ROE) 97
10.4 ASIA 99
10.4.1 JAPAN 102
10.4.2 CHINA 104
10.4.3 INDIA 106
10.4.4 REST OF ASIA (ROA) 108
10.5 REST OF THE WORLD (ROW) 110
11 COMPETITIVE LANDSCAPE 113
11.1 INTRODUCTION 113
11.2 MARKET PLAYER RANKING 114
11.3 COMPETITIVE SITUATION AND TRENDS 115
11.3.1 AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS 116
11.3.2 PRODUCT & SERVICE LAUNCHES 117
11.3.3 ACQUISITIONS 118
11.3.4 OTHER DEVELOPMENTS 118
12 COMPANY PROFILES 119
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.1 INTRODUCTION 119
12.2 ATHENAHEALTH, INC. 120
12.3 CERNER CORPORATION 123
12.4 ECLINICALWORKS, LLC 128
12.5 MCKESSON CORPORATION 130
12.6 QUEST DIAGNOSTICS INCORPORATED 134
12.7 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. 136
12.8 CONIFER HEALTH SOLUTIONS, LLC. 139
12.9 EPIC SYSTEMS CORPORATION 141
12.10 GEBBS HEALTHCARE SOLUTIONS 143
12.11 GE HEALTHCARE 144
12.12 EXPERIAN PLC 146

*Details on MarketsandMarkets view, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments might not be captured in case of unlisted companies.
13 APPENDIX 149
13.1 INSIGHTS FROM INDUSTRY EXPERTS 149
13.2 DISCUSSION GUIDE 150
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 153
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 155
13.5 AVAILABLE CUSTOMIZATIONS 157
13.6 RELATED REPORTS 158
13.7 AUTHOR DETAILS 159

* indicates required information

* indicates required information


Share this Product


More from this collection