Revenue Cycle Management Market Analysis

  • Report ID: 4849
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Revenue Cycle Management Market Analysis

Deployment Model (On-Premise, Cloud-Based)

The revenue cycle management market is segmented and analyzed for demand and supply by deployment model into on-premise and cloud-based. Out of the two types of deployment models of revenue cycle management, the cloud-based segment is estimated to gain the largest market share of about ~70% in the year 2035. The growth of the segment can be attributed to the growing reliability of the healthcare sector on cloud-based services and cloud computing owing to their flexibility and increased performance and efficiency that helps to lower overall IT costs. According to a survey, more than 82% of healthcare organizations were already using cloud services worldwide and these cloud infrastructure services are surging with each passing year.

End-user (Hospitals, Specialty Clinics, Laboratories)

The global revenue cycle management market is also segmented and analyzed for demand and supply by end-user into hospitals, specialty clinics, laboratories, and others. Amongst these given segments, the hospital segment is expected to garner a significant share of around ~54% in the year 2035. The growth of the segment can be attributed to the radically expanding global healthcare infrastructure with the burgeoning pool of patients worldwide. Moreover, the increasing focus of hospitals to improve financial viability, transparency, and profitability together with the provision of advanced medical facilities to their patients is expected to boost the market growth within this segment. On the other hand, the specialty clinic segment is projected to witness a massive CAGR during the forecast period, owing to the growing popularity of these clinics with supporting factors like increasing disposable income and rising demand for convenient and better treatment. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global revenue cycle management market includes the following segments:

    By Deployment Model

  • On-Premises
  • Cloud-Based

    By Service

  • Claims and Denial Management
  • Medical Coding and Billing
  • Electronic Health Records (EHR)
  • Clinical Documentation Improvement (CDI)
  • Insurance
  • Others

    By End-User

  • Hospitals
  • Specialty Clinics
  • Laboratories
  • Others
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma

  • Report ID: 4849
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising trend of outsourcing financial processes as well as the increasing adoption of medical billing software besides growing digitalization in the healthcare industry are the major factors driving the market growth.

The market size of revenue cycle management is anticipated to attain a CAGR of 13.60% over the forecast period, i.e., 2023-2035.

Lack of technical know-how and poor IT infrastructure is estimated to be the growth-hindering factors for market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are R1 RCM Inc., Experian Information Solutions, Inc., athenahealth, Inc., AllScripts Healthcare, LLC, Epic Systems Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by deployment model, service, end-user, and by region.

The cloud-based segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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