The Revenue Cycle Management (RCM) Global Market Report 2023, provides comprehensive information on the revenue cycle management (RCM) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Revenue Cycle Management (RCM) Global Market Report 2023, the market size grew from $102.95 billion in 2022 to $117.15 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global revenue cycle management (RCM) is expected to grow to $193.64 billion in 2027 at a CAGR of 13.4%.
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Technological advancements are a key trend gaining popularity in the revenue cycle management market. Major companies operating in the revenue cycle management market are focused on developing new technological solutions to strengthen their position. For instance, in June 2022, Olive, a US-based healthcare automation company launched its Autonomous Revenue Cycle (ARC) management suite of solutions that allows healthcare organizations to handle time-consuming administrative tasks using artificial intelligence in the revenue cycle and get paid quicker while reducing the uncompensated care risk. It integrates practice management systems and existing electronic health records.
The revenue cycle management (RCM) market is segmented:
1) By Product:
Integrated,
Standalone
2) By Component:
Software,
Services
3) By Function:
Claims And Denial Management,
Medical Coding and Billing,
Electronic Health Record (EHR),
Clinical Documentation Improvement (CDI),
Insurance, Other Functions
4) By Deployment:
Web-Based,
Cloud-Based,
On-Premises
5) By End User:
Hospitals,
General Physicians,
Labs,
Other End Users
Top 5 Major Players:
- The SSI Group LLC
- Allscripts Healthcare Solutions Inc
- Experian Health
- R1 RCM Inc
- McKesson Corporation
North America was the largest region in the revenue cycle management (RCM) market in 2022.
Table of contents :
1. Executive Summary
2. Revenue Cycle Management Market Characteristics
3. Revenue Cycle Management Market Trends And Strategies
4. Revenue Cycle Management Market – Macro Economic Scenario
5. Revenue Cycle Management Market Size And Growth
…..
26. Africa Revenue Cycle Management Market
27. Revenue Cycle Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Revenue Cycle Management Market
29. Revenue Cycle Management Market Future Outlook and Potential Analysis
30. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Revenue Cycle Management Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Revenue Cycle Management Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Revenue Cycle Management Market, Segmentation By Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…
Table 48: The SSI Group LLC Financial Performance
Table 49: Allscripts Healthcare Solutions Inc Financial Performance
Table 50: Experian Health Financial Performance
Table 51: R1 RCM Inc Financial Performance
Table 52: McKesson Corporation Financial Performance
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