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Revenue Cycle Management Market by Product type, Component, Deployment, End-User, Geography - Global Forecast to 2021

Revenue Cycle Management Market: Global Forecast until 2021

  • December 2016
  • 161 pages
  • ID: 4603853
In this report:
THE U.S. IS THE WORLD'S LARGEST ECONOMY; ACCORDING TO THE U.S. CENSUS BUREAU, THE U.S. HAS THE HIGHEST HEALTHCARE EXPENDITURE (ESTIMATE ##.##% OF GDP IN 2015) AMONG OECD NATIONS.
THE SOFTWARE SEGMENT IS EXPECTED TO COMMAND A SHARE OF ##.##% OF THE GLOBAL REVENUE CYCLE MANAGEMENT COMPONENTS MARKET IN 2016

Summary

Table of Contents

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The overall revenue cycle management market is estimated to grow ~$80.6B by 2021 from ~$45.5B in 2016, at a compound annual growth rate (CAGR) of 12.10 percent from 2016 to 2021. Elements such as regulatory compliance encourage the use of RCM solutions, government support, process improvements in health organizations brought about by RCM, and the growing number of patients and subsequent increase in insurance coverage are forecast to steer the rise of the revenue cycle management market.

The Asian market has witnessed significant increase due to the rising prevalence of chronic diseases showing a subsequent increase in demand for healthcare insurance, growing demand for better healthcare services in developing economies including India and China (CN), process improvements in healthcare organizations, and rising focus of international actors on emerging industries.

In this industry report, the overall revenue cycle management market is broken down on the basis of product, component, deployment, final user, and area. On the basis of component, the revenue cycle management market is detached into services and software. The services segment is envisaged to account for the most important share of the revenue cycle management component market in 2016. Elements such as the dependence of healthcare organizations on consulting, training, maintenance services, and regular updating of software are contributing to the rise of this segment.

On the basis of product, the revenue cycle management market is split into integrated RCM and standalone RCM. The integrated segment is planned to account for the biggest share of the overall revenue cycle management product market in 2016. The shift in the healthcare market 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 increase of this segment.

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

Established on end-user, the revenue cycle management market is broken down into physicians, hospitals, laboratories and other end users (pharmacies and ambulatory care centers). The physicians segment is forecasted to account for the biggest share of the market in 2016 and is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period. Growing number of geriatric population with chronic diseases leading to a subsequent increase in the insurance coverage has probed the regulatory framework to manage the rising demand of healthcare insurance with RCM is one of the main factor driving the increase of this segment.

Alliances, collaborations, and strategic agreements were some of the strategies approved by top competitors operating in the sector.

Segment Research

From a comprehensive perspective, this market report deals with qualitative data, market value, and rise of different segments and sub-segments, opposing landscape, and company analysis. The qualitative data contains several levels of industry analysis including market dynamics (drivers, industry restraints, possibilities, and segment risks), winning imperatives, and burning issues. The analysis also provides market values and info on the increase of different segments in the sector. It focuses on emerging and the high-development segments, high-growth territories, and initiatives of governments. The competitive landscape includes increase strategies approved by sector actors in the last three years. The corporation reviews include basic views on key competitors in the revenue cycle management market and the product types, advancements, and strategies approved by market actors to maintain and rise their market shares in the upcoming future. The abovementioned market research data, current market size, and projection of future trends will facilitate top players and new sector entrants to make the essential decisions regarding product offerings, spatial focus, change in approach, Research and development investments for modernizations in products and technologies, and levels of output in order to remain profitable.

Reasons to Buy This Report:

From an insight prospect, this market research highlights on several levels of analysis - industry and company descriptions, which together comprise and examine the basic overviews on the competitive landscape; coming out and high-growth segments of the RCM market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on products provided by the top actors in the revenue cycle management market

- Product improvement/Innovative products: In-depth understanding on the next technologies, analysis & growth activities, and recent product launches in the revenue cycle management market

- Industry development: Highlighted information about lucrative emerging markets-the report examines the industries for revenue cycle management products across several areas

- Industry diversification: Complete information about recent products, untapped areas, and recent evolutions in the revenue cycle management market

- Opposing assessment: In-depth assessment of market ranking, strategies, products, and manufacturing competences of the key players in the revenue cycle management market

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