Global Revenue Cycle Management Market latest research report offers a complete analysis of the Global Revenue Cycle Management Market industry influencing driving factors, impacting trends and demand , competitive landscape and factors restraining the growth of the market. This report provides customers with information about their business scenario that helps them stay ahead of the competition in today’s fast-changing business environment. The report also provides insights into the growth of revenues and the sustainability initiative. This global market report for Global Revenue Cycle Management Market includes all of the major players and brands ‘ company profiles.
Market Analysis: Global Revenue Cycle Management Market
Global Revenue Cycle Management Market has accounted to about USD 29.5 billion in 2018, rapidly growing at a CAGR of 12.5% from 2019 to 2026, is expected to reach USD 75.69 billion by 2026.
FREE | Get a Copy of Sample Report Now! @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-revenue-cycle-management-rcm-market
Key Market Competitors:
Few of the major competitors currently working in the global revenue cycle management market are-All scripts Healthcare Solutions, Inc. (IN), athenahealth, Inc. (US), CareCloud Corporation (US), Cerner Corporation (US), Conifer Health Solutions LLC (US), eClinicalWorks (US), Epic Systems Corporation (US), Experian Information Solutions, Inc.(US), General Electric Company (US), GeBBS Healthcare Solutions (IN), McKesson Corporation (US), NXGN Management, LLC. (US), nThrive, Inc. (US), Quest Diagnostics Incorporated (US), SSI Group, LLC (US)
Revenue cycle management (RCM) is applied by healthcare organizations to scale and manage the process of healthcare billing and reimbursements. It is done by improving the process of claims management, accelerating explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and by automating processes. The RCM solution manages the patient’s bills from entering the hospital to reimbursement of claims.
Factors like decrease in reimbursement in healthcare industry, reduction of total healthcare costs, initiatives undertaken by governments for implementation of revenue cycle management solutions, and increasing expenditure by healthcare industry especially made on IT are the major drivers of the global revenue cycle management market.
Key advantage over traditional revenue cycle management
- Lack of training and skills in the staff.
- Lack of technical infrastructure support.
FREE | Request For TOC@ https://databridgemarketresearch.com/toc/?dbmr=global-revenue-cycle-management-rcm-market
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- North America
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
By Product Type
Claim & Denial
Medical Billing Coding
Electronic health record
Clinical documentation improvement
Others (scheduling & appointment, referral management, and contract management)
Other end users (pharmacies, emergency medical centers etc.)
Middle East & Africa
Key Developments in the Market:
In June, Quest Diagnostics, the world’s leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Management Solution. This solution will expand the company profile and portfolio.
In October, eClinicalWorks, a market leader in ambulatory clinical systems, announced eClinical Works Revenue Cycle Management (RCM) to aid medical practices in optimizing billing. This solution launch will expand the company growth rate and portfolio.
Global revenue cycle management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of revenue cycle management market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
FREE | Speak to Analyst and Get Free Customized Information about Report @ https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-revenue-cycle-management-rcm-market
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research