Sun, 20 Sep 2020

The ' Revenue Cycle Management market' research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Revenue Cycle Management derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Revenue Cycle Management market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

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Recovery - Opening of Economy extended till Q4 2020 / Q1 2021

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The revenue cycle management market is estimated to grow at a CAGR of 12.9% in the forecasting period, from a base value of $71.11 billion in 2020 to $147.27 billion in 2026.

The key players in the market of Revenue cycle management are Cerner, Mckesson, Quest Diagnostics, Allscripts Healthcare Solutions, Athenahealth, Ge Healthcare, ECLINICALWORKS, Conifer Health Solutions, Epic Systems, Gebbs Healthcare Solutions, Experian, Agilent Technologies, Inc, Constellation Software, The Ssi Group, and Nthrive.

Revenue Cycle Management Market by Function .Claims & Denial Management, Consumables, Medical Coding & Billing, Patient Insurance Eligibility Verification, Payment Remittance, Electronic Health Record, Clinical Documentation Improvement and Other Functions) Offering .Software and Services), Product .Integrated Solutions and Standalone Solutions), End-User .Physicians, Hospitals, Laboratories, and Other End Users), Geography .North America, Europe, Asia Pacific and Rest of the World)

Revenue cycle management is the financial process of the medical bills and utilized by the healthcare systems, mostly in developed countries such as the United States, Europe, and other parts the world. This process helps to track the revenue generated from the healthcare services by registering all the payment processes on the revenue cycle management platform. The revenue cycle management is a complex process; hence, healthcare providers can outsource their revenue cycle management process to other companies to handle the complex process with the help of professional agents. The major factors boosting the market growth is decreased reimbursements in the healthcare industry, electronic medical record, or electronic health records became mandatory in the healthcare industry. Somehow, the lack of skilled IT professionals in the revenue cycle management is hindering the market growth. The revenue cycle management market is estimated to grow at a CAGR of 12.9% in the forecasting period, from a base value of $71.11 billion in 2020 to $147.27 billion in 2026.

The scope of the study on the revenue cycle management market has been defined based on function, offering, product, end-user, and geography.

Based on Function:

Claims & Denial Management

Medical Coding & Billing

Patient Insurance Eligibility Verification

Payment Remittance

Electronic Health Record

Clinical Documentation Improvement

Other Functions

Based on Offering:

Software

Services

Based on Product:

Integrated Solutions

Standalone Solutions

Based on End User:

Physicians

Hospitals

Laboratories

Other End Users

Based on Geography:

North America

Europe

Asia Pacific

Rest of the World

On the basis of function, the claim and denial management segment is expected to lead the market share due to the increasing progress in the reimbursement structure, and the growing prevalence of claim denials or errors in the medical claims are the reasons for the great demand for claim and denial management.

Based on the offering, the service segment is expected to exhibit the highest market share in the market due to the lack of skilled resources in the financial process in the healthcare industry resulted in increasing adoption of outsourcing the revenue cycle management process to the outsourced party.

In the market, based on the product categorization, the integrated solution is expected to have the largest share in the market with the growing demand for value-based payment systems and the rising adoption of cost-effective data management solutions.

Further market based on the end-user is segmented by physicians, hospitals, laboratories, and other end-users. The physicians segment is expected to have the largest share in the market because adoption management systems such as consolidated practice among the physicians boost the market growth in this segment.

In the revenue cycle management market, North America accounted for the largest share due to the developed IT framework in the healthcare industry, the large numbers of hospitals, and efficient healthcare systems in this region. Europe accounted the second largest market share in the market due to the government initiatives for e-health and improved overall efficient healthcare organizations system in this region.

The key players in the market of Revenue cycle management are Cerner, Mckesson, Quest Diagnostics, Allscripts Healthcare Solutions, Athenahealth, Ge Healthcare, ECLINICALWORKS, Conifer Health Solutions, Epic Systems, Gebbs Healthcare Solutions, Experian, Agilent Technologies, Inc, Constellation Software, The Ssi Group, and Nthrive.

Globally, the demand for the revenue cycle management is increasing, and the major factors affecting the market growth are apprised regulatory mandates for the adoption of the electronic health records of the patients in the healthcare organizations and government is also taking the initiative towards the adoption of the revenue cycle management solutions in the healthcare industry. However, the risk in data security and privacy is a challenging factor for the market growth.

Moreover, the revenue cycle management process has a great impact on the healthcare industry for the easy management of healthcare services bills and fewer occurrence of errors in the revenue management process. The qualitative and quantitative analysis of the market enables users to develop effective strategies to solidify their presence in the market.

The competitive landscape includes the analysis of leading players strategic initiatives including product innovations, joint ventures, collaborations, and mergers and acquisitions

This report also provides the portfolio analysis and capability analysis of the leading players

Quantitative analysis of the market enables users to understand the actual facts of the market across four major regions

A systematic step framework for How to Tackle The Situation... "MITIGATE" | "SUSTAIN" | "GROW": Business Strategy Recovery, Scenario and Planning

Key Segments Studied in the Global Revenue Cycle Management Market

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Changing Forecasts in a Time of Crisis: explores key issues, including:

  • The heavy economic impacts of social distancing measures
  • Future changes in consumer behavior
  • The urgent need for high-frequency economic data
  • Mapping Out a Potential Recovery
  • Business Strategies During COVID-19
  • Near & Long Term Risk Outlook, Risk Assessment and Opportunities

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

  • Market size and growth rate during forecast period.
  • Key factors driving the Market.
  • Key market trends cracking up the growth of the Market.
  • Challenges to market growth.
  • Key vendors of Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.
  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is market chain analysis by upstream raw materials and downstream industry?
  • What is industry considering capacity, production and production value? What will be the estimation of cost and profit? What will be market share, supply and consumption? What about import and export?
  • What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
  • What were capacity, production value, cost and profit?
  • Who are the global key players in this industry? What are their company profile, their product information, and contact information?
  • Which manufacturing technology is used, what are their company profile, their product information, and contact information?

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Key Points Covered in Revenue Cycle Management Market Report: COVID 19 Impact Analysis

Table of Contents

  • Executive Summary
  • Industry Outlook
  • 2.1. Industry Overview

    2.2. Industry Trends

  • Market Snapshot
  • 3.1. Total Adressable Market

    3.2. Segment Addressable Market

    3.2.1. PEST Analysis

    3.2.2. Porter Five Forces

    3.3. Related Markets

    3.4. Ecosystem

  • Market Outlook
  • 4.1. Overview

    4.1.1. Market Evolution

    4.2. Market Trends and Impact

    4.3. Pricing Analysis

    4.4. Market Segmentation

    4.5. Market Dynamics

    4.5.1. Drivers

    4.5.2. Restraints

    4.5.3. Opportunities

    4.6. DRO - Impact Analysis

  • Function: Market Size & Analysis
  • 5.1. Overview

    5.2. Claims & Denial Management

    5.3. Medical Coding & Billing

    5.4. Patient Insurance Eligibility Verification

    5.5. Payment Remittance

    5.6. Electronic Health Record

    5.7. Clinical Documentation Improvement

    5.8. Other Functions

  • Offering: Market Size & Analysis
  • 6.1. Overview

    6.2. Software

    6.3. Services

  • Product: Market Size & Analysis
  • 7.1. Overview

    7.2. Integrated Solutions

    7.3. Standalone Solutions

  • End-user: Market Size & Analysis
  • 8.1. Overview

    8.2. Physicians

    8.3. Hospitals

    8.4. Laboratories

    8.5. Other End Users

  • Geography: Market Size & Analysis
  • 9.1. Overview

    9.2. North America

    9.3. Europe

    9.4. Asia Pacific

    9.5. Rest of the World

  • Competitive Landscape
  • 10.1. Competitor Comparison Analysis

    10.2. Market Developments

    10.3. Mergers and Acquisitions, Legal, Awards, Partnerships

    10.4. Product Launches and execution

  • Vendor Profiles
  • 11.1. Cerner

    11.1.1. Overview

    11.1.2. Business Units

    11.1.3. Geographic Revenue

    11.1.4. Product Offerings

    11.1.5. Developments

    11.1.6. Business Strategy

    11.2. Mckesson

    11.2.1. Overview

    11.2.2. Business Units

    11.2.3. Geographic Revenue

    11.2.4. Product Offerings

    11.2.5. Developments

    11.2.6. Business Strategy

    11.3. Quest Diagnostics

    11.3.1. Overview

    11.3.2. Business Units

    11.3.3. Geographic Revenue

    11.3.4. Product Offerings

    11.3.5. Developments

    11.3.6. Business Strategy

    11.4. Allscripts Healthcare Solutions

    11.4.1. Overview

    11.4.2. Business Units

    11.4.3. Geographic Revenue

    11.4.4. Product Offerings

    11.4.5. Developments

    11.4.6. Business Strategy

    11.5. Athenahealth

    11.5.1. Overview

    11.5.2. Business Units

    11.5.3. Geographic Revenue

    11.5.4. Product Offerings

    11.5.5. Developments

    11.5.6. Business Strategy

    11.6. Ge Healthcare

    11.6.1. Overview

    11.6.2. Business Units

    11.6.3. Geographic Revenue

    11.6.4. Product Offerings

    11.6.5. Developments

    11.6.6. Business Strategy

    11.7. ECLINICALWORKS

    11.7.1. Overview

    11.7.2. Business Units

    11.7.3. Geographic Revenue

    11.7.4. Product Offerings

    11.7.5. Developments

    11.7.6. Business Strategy

    11.8. Conifer Health Solutions

    11.8.1. Overview

    11.8.2. Business Units

    11.8.3. Geographic Revenue

    11.8.4. Product Offerings

    11.8.5. Developments

    11.8.6. Business Strategy

    11.9. Epic Systems

    11.9.1. Overview

    11.9.2. Business Units

    11.9.3. Geographic Revenue

    11.9.4. Product Offerings

    11.9.5. Developments

    11.9.6. Business Strategy

    11.10. Gebbs Healthcare Solutions

    11.10.1. Overview

    11.10.2. Business Units

    11.10.3. Geographic Revenue

    11.10.4. Product Offerings

    11.10.5. Developments

    11.10.6. Business Strategy

  • Companies to Watch
  • 12.1. Experian

    12.1.1. Overview

    12.1.2. Market

    12.1.3. Business Strategy

    12.2. Agilent Technologies, Inc

    12.2.1. Overview

    12.2.2. Market

    12.2.3. Business Strategy

    12.3. Constellation Software

    12.3.1. Overview

    12.3.2. Market

    12.3.3. Business Strategy

    12.4. The Ssi Group

    12.4.1. Overview

    12.4.2. Market

    12.4.3. Business Strategy

    12.5. Nthrive

    12.5.1. Overview

    12.5.2. Market

    12.5.3. Business Strategy

  • Analyst Opinion
  • Annexure
  • 14.1. Report Scope

    14.2. Market Definitions

    14.3. Research Methodology

    14.3.1. Data Collation and In-house Estimation

    14.3.2. Market Triangulation

    14.3.3. Forecasting

    14.4. Report Assumptions

    14.5. Declarations

    14.6. Stakeholders

    14.7. Abbreviations

    Continued....

    ........and view more in complete table of Contents

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