Healthcare

Asia-Pacific Revenue Cycle Management Market is segmented based on product type, deployment, component, stage and end user.

Asia-Pacific Revenue Cycle Management Market – Trends and Forecast to 2026

Summary: Asia-Pacific Revenue Cycle Management Market

Revenue cycle management (RCM)  Management Market  in healthcare is the software or tool which is administered for financial transactions resulting from the medical encounters between a patient and the care provider usually healthcare organization.

The hospitals and clinics are the place where treating patients with utter care is the primary job. But in recent times, due to increasing patient pool it is almost impossible to keep manual records of all the patients.

Also, due to digitalization in healthcare the revenue cycle management software was developed.

Hospital billing processes are crucial for management of hospitals. Any mistake in financial and claim calculation would lead to billing errors which leads to costly financial losses to the organization.

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Segmentation: Asia-Pacific Revenue Cycle Management Market

Asia-Pacific revenue cycle management market is segmented based on product type, deployment, component, stage and end user.

  • On the basis of product type, the market is segmented into integrated RCM and standalone RCM.
    • In June 2018, Quest Diagnostics, the world’s leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Management Solution. This latest release of Quanum Enterprise Content Solutions incorporates has a different capabilities expected to help health systems better capture, store, access, and share and manage content across an enterprise.
  • On the basis of stage, the market is segmented into front office, mid office and back office.
    • In May 2018, Columbus Regional Healthcare System (CRHS) has chosen Cerner Corporation to implement a latest integrated revenue cycle and electronic health record (EHR) solutions over its acute and ambulatory facilities. This agreement gives the hospital with sophisticated health care technology that will helps CRHS clinicians as they work to streamline operations and develop patient care.
  • On the basis of component, the market is segmented into software and services.
    • In April 2018, Navigant announced the signing of the operating agreement for the creation of a joint venture entity to provide revenue cycle management (RCM) services to healthcare provider organizations. The joint venture will initially manage the revenue cycle operations of Baptist Health South Florida, but plans to expand in the future.
  • On the basis of deployment, the market is segmented into web based, on-premise and cloud-based.
    • In May 2017, Change Healthcare announced that it has been selected by LabPharm Hospital Management Services (HMS) (U.S.). The RCM services in support of a national network of hospitals and independent laboratories that will enhance the company growth rate.
  • On the basis of end user, the market is segmented into hospitals, general physicians and labs.
    • In October 2018, eClinicalWorks, a market leader in ambulatory clinical systems, announced eClinicalWorks Revenue Cycle Management (RCM) to aid medical practices in optimizing billing. This includes the complete electronic health records (EHR) suite by eClinicalWorks, on-site training as well as on support.

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TABLE OF CONTENTS ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET

1 INTRODUCTION

1.1 Objectives Of The Study 1.2 Market Definition 1.3 Overview Of Asia-Pacific Revenue Cycle Management Market 1.4 Currency And Pricing 1.5 Limitations 1.6 Markets Covered

2 MARKET SEGMENTATION

2.1 Markets Covered 2.2 Geographical Scope 2.3 Years Considered For The Study 2.4 Currency And Pricing 2.5 Dbmr Tripod Data Validation Model 2.6 Primary Interviews With Key Opinion Leaders 2.7 Dbmr Market Position Grid 2.8 Dbmr Vendor Share Analysis 2.9 Multivariate Modeling 2.10 Products Lifeline Curve 2.11 Secondary Sources 2.12 Assumptions

3 MARKET OVERVIEW

3.1 Drivers

3.1.1 Rising Demand For Health Insurance 3.1.2 Growing Need To Reduce Healthcare Cost 3.1.3 Growing Awareness And Adoption Of Icd Coding Standards 3.1.4 Loss Of Revenue Due To Billings

3.2 Restraints

3.2.1 High Pricing And Costly Maintenance Of Rcm Solutions 3.2.2 It Infrastructural Constraints In Developing Markets

3.3 Opportunities

3.3.1 Rising Demand For Cloud-Based Rcm Solutions 3.3.2 Increasing Opportunities Of Rcm In Developing Countries

3.4 Challenges

3.4.1 Risk Associated With Data Security And Privacy 3.4.2 Scarcity Of Skilled It Professionals

4 EXECUTIVE SUMMARY 5 PREMIUM INSIGHTS 6 ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET, BY PRODUCT TYPE

6.1 Overview 6.2 Integrated Rcm 6.3 Standalone Rcm

7 ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT

7.1 Overview 7.2 Cloud-Based 7.3 Web-Based 7.4 On-Premise

8 ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT

8.1 Overview 8.2 Software 8.3 Services

9 ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET, BY STAGE

9.1 Overview 9.2 Front Office 9.3 Back Office 9.4 Mid Office

10 ASIA-PACIFIC REVENUE CYCLE MANAGEMENT MARKET, BY END USER

10.1 Overview 10.2 Hospitals 10.3 General Physicians 10.4 Labs

11 ASIA-PACIFIC REVENUE CYCLE MANAGMENT MARKET, BY COUNTRY

11.1 Japan 11.2 China 11.3 South Korea 11.4 Australia 11.5 Singapore 11.6 India 11.7 Malaysia 11.8 Thailand 11.9 Philippines 11.10 Indonesia 11.11 Rest Of Asia-Pacific

12 ASIA-PACIFIC REVENUE CYCLE MANAGMENT MARKET, COMPANY LANDSCAPE

12.1 Company Share Analysis: Asia Pacific

13 COMPANY PROFILES

13.1 Quest Diagnostics Incorporated.

13.1.1 Company Snapshot 13.1.2 Revenue Analysis 13.1.3 Geographical Presence 13.1.4 Product Portfolio 13.1.5 Recent Development

13.2 Cerner Corporation.

13.2.1 Company Snapshot 13.2.2 Revenue Analysis 13.2.3 Geographical Presence 13.2.4 Product Portfolio 13.2.5 Recent Developments

13.3 Allscripts

13.3.1 Company Snapshot 13.3.2 Revenue Analysis 13.3.3 Geographical Presence 13.3.4 Product Portfolio 13.3.5 Recent Development

13.4 Navigant Consulting, Inc

13.4.1 Company Snapshot 13.4.2 Revenue Analysis 13.4.3 Geographical Presence 13.4.4 Product Portfolio 13.4.5 Recent Development

13.5 Cognizant

13.5.1 Company Snapshot 13.5.2 Revenue Analysis 13.5.3 Geographical Presence 13.5.4 Product Portfolio 13.5.5 Recent Development

13.6 Athenahealth, Inc.

13.6.1 Company Snapshot 13.6.2 Geographical Presence 13.6.3 Product Portfolio 13.6.4 Recent Development

13.7 Change Healthcare

13.7.1 Company Snapshot 13.7.2 Geographical Presence 13.7.3 Product Portfolio 13.7.4 Recent Development

13.8 Eclinicalworks

13.8.1 Company Snapshot 13.8.2 Geographical Presence 13.8.3 Product Portfolio 13.8.4 Recent Development

13.9 Epic Systems Corporation

13.9.1 Company Snapshot 13.9.2 Geographical Presence 13.9.3 Product Portfolio 13.9.4 Recent Development

13.10 Experian Information Solutions, Inc.

13.10.1 Company Snapshot 13.10.2 Revenue Analysis 13.10.3 Geographical Presence 13.10.4 Poduct Portfolio 13.10.5 Recent Development

13.11 Siemens

13.11.1 Company Snapshot 13.11.2 Revenue Analysis 13.11.3 Geographical Presence 13.11.4 Product Portfolio 13.11.5 Recent Development

13.12 Unitedhealth Group

13.12.1 Company Snapshot 13.12.2 Revenue Analysis 13.12.3 Geographical Presence 13.12.4 Product Portfolio 13.12.5 Recent Development

14 CONCLUSION

15 QUESTIONNAIRE

16 RELATED REPORTS

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Competitive Analysis: Asia-Pacific Revenue Cycle Management Market

Some of the major players operating in this market are :

  1. Quest Diagnostics Incorporated,
  2. Cerner Corporation,
  3. Allscripts,
  4. Navigant Consulting, Inc.,
  5. Cognizant,
  6. Athenahealth, Inc.,
  7. Change Healthcare,
  8. eClinicalWorks,
  9. Epic Systems Corporation,
  10. Experian Information Solutions, Inc.,
  11. UnitedHealthcare,

Product Launch

  • In June 2018, Quest Diagnostics, the world’s leading provider of diagnostic information services, unveiled the newest version of its Quanum Enterprise Content Management Solution. This latest release of Quanum Enterprise Content Solutions incorporates has a different capabilities expected to help health systems better capture, store, access, and share and manage content across an enterprise.
  • In March 2019, Cerner Corporation, planned to further expand into the Alabama rural health care market through a new collaboration with the Escambia County Healthcare Authority. This will cover EHR with a digital record of a patient’s health history which includes financial and clinical information.
  • In January 2016, Navigant announced the acquisition McKinnis Consulting Services (U.S.) which provides revenue cycle assessment, strategy, and optimization assistance for healthcare providers. This acquisition helps Navigant to expand healthcare revenue cycle management capabilities.

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