HomeRevenue Cycle Management / RCM Markets: Check Eligibility, Clinical Coding, CDI, Claims Processing, Denial Management, Outsourcing Services, Cloud – Global Outlook to 2026

Revenue Cycle Management / RCM Markets: Check Eligibility, Clinical Coding, CDI, Claims Processing, Denial Management, Outsourcing Services, Cloud – Global Outlook to 2026

Dublin, October 27, 2021– (work wire)–The Revenue Cycle Management / RCM Market by Product and Services (Validation of Eligibility, Clinical Coding, CDI, Claims Processing, Denial Management, Outsourcing Services, Cloud), End User (Taxpayers, Hospitals, Outpatients), Covid-19 Impact Global Outlook for 2026 inches Report added to ResearchAndMarkets.com an offer.

The global revenue cycle management market is expected to reach USD 67.8 billion by 2026 from USD 40.9 billion in 2021, at a compound annual growth rate of 10.6% over the forecast period.

The growth of this market is mainly attributable to the increasing regulatory requirements and government initiatives to promote adoption of RCM solutions, increasing patient volume, and the growing need for unregulated healthcare data management.

However, the deployment of the RCM program and associated infrastructure requires significant investment, and as a result, the adoption of RCM is low among small healthcare institutions. This, along with the scarcity of skilled personnel, is expected to challenge market growth in the coming years.

The outsourcing services sector will grow at the highest rate during the forecast period.

Based on products and services, the revenue cycle management market has been segmented into outsourcing solutions and services. The outsourcing services sector is expected to grow at the highest rate of growth during the forecast period. The large share and high growth of this sector can be attributed to the lack of IT infrastructure and shortage of skilled personnel in HCIT.

By mode of delivery, the domestic segment captured the largest share of the revenue cycle management market in 2020.

On the basis of delivery mode, the global revenue cycle management market is segmented into in-house and cloud-based. The domestic company captured the largest share of the revenue cycle management market. The large share of this segment is attributed to the growing demand for mobile support systems for better customer (patient) engagement platforms.

By the end user, the healthcare providers segment will grow at the highest rate during the forecast period.

Based on the end user, the global revenue cycle management market is segmented into healthcare providers and healthcare payers. Healthcare Providers segment captured the largest share of the Revenue Cycle Management market. A large share of this segment can be attributed to the growing need to automate the process from patient registration to billing and claims processing and to provide better transparency that improves the overall financial health of the serving organization.

The Middle East and Africa market is expected to witness the highest growth rate during the forecast period (2020-2026).

North America captured the largest share of IoT medical devices market in 2020. The large share of North America can be attributed to factors such as strict regulations, increasing volume of claims denials, presence of large number of private healthcare payers as well as – established government agencies, A large number of healthcare IT companies are some of the factors driving the growth of the revenue cycle management market in this region.

The Middle East and Africa market is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period. The high growth in this regional market can be attributed to government initiatives to promote e-health, rise in medical tourism, growing awareness, and a growing demand for quality healthcare.

Competitive scene

R1 RCM (US), Cerner Corporation (US), Optum (US) are the major players in the market. Other players include McKesson Corporation (US), Change Healthcare (US), 3M (US), Experian plc (Ireland), Conifer Health Solutions (US), Allscripts Healthcare Solutions (US), and GE Healthcare (US), Cognizant (US), athenahealth (US), SSI Group LLC (US), AdvantEdge Healthcare (US), Huron Consulting Group (US)

Distinctive insights

  • Increasing regulatory requirements and government initiatives are driving the growth of this market
  • India is expected to record the highest growth rate during the forecast period
  • Middle East Airlines records the highest growth rate during the forecast period (2021-2026)
  • Develop markets to record higher growth during the study period

market dynamics

drivers

  • Increasing regulatory requirements and government initiatives to promote adoption of RCM solutions
  • Increase in patient volume and subsequent growth in health insurance
  • Loss of revenue due to billing errors and lower payments
  • The growing need to manage unstructured healthcare data
  • The growing demand for robust process improvements in healthcare

limitations

chances

Challenges

Patent Analysis

Industry trends

technology trends

  • artificial intelligence platforms
  • cloud computing

end user trends

mentioned companies

  • 3M
  • AdvantEdge Healthcare Solutions
  • Allscripts Healthcare, LLC
  • Athena Health
  • Carecloud
  • Cerner Corporation
  • health care change
  • Aware
  • Coniferous Health Solutions
  • Constellation Software Company
  • Epic Systems
  • Experian plc
  • GE Healthcare
  • Gypsum solutions for healthcare
  • Huron Consulting Group Inc.
  • McKesson Company
  • Nthrive Revenue Systems, LLC
  • Omega Healthcare
  • better
  • Health Plutos
  • Task Diagnostics
  • R1 RCM, Inc.
  • Ssi Group, LLC
  • Trowbridge
  • Vee . Technologies

For more information about this report visit https://www.researchandmarkets.com/r/i4jzru

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005528/en/

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