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Healthcare Revenue Cycle Management Market By Product (Services, Software), By Type (Integrated, Standalone), By Delivery Mode (On Premise, Web Based, Cloud Based) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published: | Report ID: 7263 | Report Format : PDF

Market Insights

The healthcare revenue cycle management market is set to grow at a compounded annual growth rate of 11.8% during the forecast period from 2018 to 2026. Rapid growth in the healthcare domain and IT segment provides a positive boost for the healthcare revenue cycle management market’s growth. Tasks achieved by the installation of revenue cycle management solutions include fewer errors in medical billings, claim remittance, patient access management, and revenue recovery.

Market Synopsis

The software market is driven by rapid growth in the IT industry and a high degree of customization.

Currently, software solutions are reigning in the product segment for healthcare revenue cycle management. The major parameters for its magnificent growth are rampant growth in the IT healthcare segment in the last decade and a high degree of customization provided to perform daily operations related to revenue cycle management. Services solutions are gaining popularity on account of the impressive growth pertaining to outsourcing services in revenue cycle management among numerous market participants.

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Increasing adoption by small clinics and lower maintenance costs propel the standalone solutions market.

In the present scenario, standalone solutions are dominating the type segment of the healthcare revenue cycle management market. The major factors responsible for its growth are its increasing adoption by small clinics and the low maintenance costs incurred.

Integrated solutions will be the fastest-growing market during the forecast period owing to their rising popularity in multispecialty hospitals and research centers. The ability to streamline administrative efforts and medical billings, as well as provide data access to multiple users, drive the growth of the integrated solutions market.

Ease of revenue operations through a web browser and supervision by a third party will drive the web-based delivery mode market.

Web-based solutions are dominating the delivery mode segment of the healthcare revenue cycle management market. The major attributes responsible for its dominance are the ease of revenue operations performed via web browser and complete supervision by third parties. Cloud-based delivery will be the fastest-growing market due to the vast storage capacity provided for maintaining electronic health records.

Higher accessibility and a rising preference for integrated systems propel the CDM-based delivery mode market. On-premises delivery modes usually have a high up-front cost on account of the large initial investment related to installation. However, the ownership cost is negligible, with a minuscule subscription fee related to software and services related to healthcare revenue cycle management.

The presence of a well-developed healthcare infrastructure will drive the healthcare revenue cycle management market in North America.

In the present scenario, North America is leading the geographical segment for healthcare revenue cycle management. The major factors responsible for the impressive growth in North America are the presence of a well-developed healthcare infrastructure and an IT industry specializing in providing software and services in the healthcare domain. The presence of key players such as AthenaHealth, Allscripts Healthcare Solutions, Inc., and GE Healthcare provides impetus to the healthcare revenue cycle management market in North America.

Proactive government initiatives regarding the adoption of revenue cycle management by healthcare agencies and stringent norms sanctioned for maintaining electronic health records (EHR) of patients drive the market’s growth in Europe. Latin America, the Middle East & Africa, and Asia Pacific will showcase outstanding growth during the forecast period from 2018 to 2026 on account of developing healthcare infrastructure and a burgeoning requirement for revenue cycle management software and services to minimize the frequently occurring medical billing errors.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Healthcare revenue cycle management market segmentation is as follows:

Companies providing services and software related to the healthcare revenue cycle management market are Allscripts Healthcare Solutions, Inc., Vizient, Inc., AthenaHealth, Care Cloud Corporation, Cerner Corporation, GE Healthcare, EPIC Systems Corporation, Gibbs Healthcare Solutions, McKesson Corporation, NextGen Healthcare Information Solution LLC.

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Key questions are answered in this report.

  • Who are the key companies specializing in the healthcare revenue cycle management market?
  • What services and software are currently being employed in the healthcare revenue cycle management market?
  • Which is the leading and fastest-growing product segment in the market?
  • Which is the leading and fastest-growing type of segment in the market?
  • Which delivery mode is the leading and fastest-growing in the market?
  • Which is the leading and fastest-growing geographical region in the market?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global HRCM Market Portraiture
2.2. Global HRCM Market, by Product, 2017 (US$ Mn)
2.3. Global HRCM Market, by Type, 2017 (US$ Mn)
2.4. Global HRCM Market, by Delivery Mode, 2017 (US$ Mn)
2.5. Global HRCM Market, by Geography, 2017 (US$ Mn)

Chapter 3. Healthcare Revenue Cycle Management (HRCM) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global HRCM Market, by Key Players, 2017

Chapter 4. Global Healthcare Revenue Cycle Management (HRCM) Market, by Product
4.1. Overview
4.2. Services
4.3. Software

Chapter 5. Global Healthcare Revenue Cycle Management (HRCM) Market, by Type
5.1. Overview
5.2. Integrated
5.3. Standalone

Chapter 6. Global Healthcare Revenue Cycle Management (HRCM) Market, by Delivery Mode
6.1. Overview
6.2. On Premise
6.3. Web Based
6.4. Cloud Based

Chapter 7. Global Healthcare Revenue Cycle Management (HRCM) Market, by Geography
7.1. Overview
7.2. North America HRCM Market Analysis, 2016 – 2026
7.2.1. North America HRCM Market, by Product, 2016 – 2026 (US$ Mn)
7.2.2. North America HRCM Market, by Type, 2016 – 2026 (US$ Mn)
7.2.3. North America HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
7.2.4. North America HRCM Market, by Country, 2016 – 2026 (US$ Mn)
7.2.4.1. U.S.
7.2.4.2. Canada
7.3. Europe HRCM Market Analysis, 2016 – 2026
7.3.1. Europe HRCM Market, by Product, 2016 – 2026 (US$ Mn)
7.3.2. Europe HRCM Market, by Type, 2016 – 2026 (US$ Mn)
7.3.3. Europe HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
7.3.4. Europe HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.3.4.1. U.K.
7.3.4.2. Germany
7.3.4.3. Rest of Europe
7.4. Asia Pacific HRCM Market Analysis, 2016 – 2026
7.4.1. Asia Pacific HRCM Market, by Product, 2016 – 2026 (US$ Mn)
7.4.2. Asia Pacific HRCM Market, by Type, 2016 – 2026 (US$ Mn)
7.4.3. Asia Pacific HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
7.4.4. Asia Pacific HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.4.4.1. China
7.4.4.2. Japan
7.4.4.3. Rest of Asia Pacific
7.5. Latin America HRCM Market Analysis, 2016 – 2026
7.5.1. Latin America HRCM Market, by Product, 2016 – 2026 (US$ Mn)
7.5.2. Latin America HRCM Market, by Type, 2016 – 2026 (US$ Mn)
7.5.3. Latin America HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
7.5.4. Latin America HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.5.4.1. Brazil
7.5.4.2. Mexico
7.5.4.3. Rest of Latin America
7.6. Middle East and Africa HRCM Market Analysis, 2016 – 2026
7.6.1. MEA HRCM Market, by Product, 2016 – 2026 (US$ Mn)
7.6.2. MEA HRCM Market, by Type, 2016 – 2026 (US$ Mn)
7.6.3. MEA HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
7.6.4. MEA HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
7.6.4.1. GCC
7.6.4.2. Rest of MEA

Chapter 8. Company Profiles
8.1. Allscripts Healthcare Solutions, Inc.
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. News Coverage
8.2. Athenahealth
8.3. Care Cloud Corporation
8.4. Cerner Corporation
8.5. EPIC Systems Corporation
8.6. GE Healthcare
8.7. Gebbs Healthcare Solutions
8.8. Mckesson Corporation
8.9. NextGen Healthcare Information Solution LLC
8.10. Vizient, Inc.

List of Figures

FIG. 1 Healthcare Revenue Cycle Management (HRCM) Market: Research Methodology
FIG. 2 HRCM Market Segmentation
FIG. 3 Global HRCM Market, by Product, 2017 (US$ Mn)
FIG. 4 Global HRCM Market, by Type, 2017 (US$ Mn)
FIG. 5 Global HRCM Market, by Delivery Mode, 2017 (US$ Mn)
FIG. 6 Global HRCM Market, by Geography, 2017 (US$ Mn)
FIG. 7 Attractive Investment Proposition: by Geography, 2017
FIG. 8 Competitive Analysis: Global HRCM Market, by Key Players, 2017
FIG. 9 Global Services in HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 10 Global Software in HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 11 Global Integrated HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 12 Global Standalone HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 13 Global On Premise HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 14 Global Web Based HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 15 Global Cloud Based HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 16 U.S. HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 17 Canada HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 18 U.K. HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 19 Germany HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 20 Rest of Europe HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 21 China HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 22 Japan HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 23 Rest of Asia Pacific HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 24 Brazil HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 25 Mexico HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 26 Rest of Latin America HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 27 GCC HRCM Market, 2016 – 2026 (US$ Mn)
FIG. 28 Rest of MEA HRCM Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Healthcare Revenue Cycle Management (HRCM) Market Portraiture
TABLE 2 Global HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 3 Global HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 4 Global HRCM Market , by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 5 Global HRCM Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 6 North America HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 7 North America HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 8 North America HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 9 North America HRCM Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 10 Europe HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 11 Europe HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 12 Europe HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 13 Europe HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 14 Asia Pacific HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 15 Asia Pacific HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 16 Asia Pacific HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 17 Asia Pacific HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 18 Latin America HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 19 Latin America HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 20 Latin America HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 21 Latin America HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 22 Middle East and Africa HRCM Market, by Product, 2016 – 2026 (US$ Mn)
TABLE 23 Middle East and Africa HRCM Market, by Type, 2016 – 2026 (US$ Mn)
TABLE 24 Middle East and Africa HRCM Market, by Delivery Mode, 2016 – 2026 (US$ Mn)
TABLE 25 Middle East and Africa HRCM Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 26 Allscripts Healthcare Solutions, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 27 Athenahealth: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 28 Care Cloud Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 29 Cerner Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 30 EPIC Systems Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 31 GE Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 32 Gebbs Healthcare Solutions: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 33 Mckesson Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 34 NextGen Healthcare Information Solution LLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 35 Vizient, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

Frequently Asked Question:

What is the size of Healthcare Revenue Cycle Management Market?

The market for Healthcare Revenue Cycle Management Market is expected to reach USD$ XX Mn in 2026.

What is the Healthcare Revenue Cycle Management Market CAGR?

The Healthcare Revenue Cycle Management Market is expected to see significant CAGR growth over the coming years, at 11.8%.

What is the Forecast period considered for Healthcare Revenue Cycle Management Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Healthcare Revenue Cycle Management Market?

The base year of this report is 2017.

Who are the major players in this market?

Healthcare Solutions, Inc., Vizient, Inc., AthenaHealth, Care Cloud Corporation, Cerner Corporation, GE Healthcare, EPIC Systems Corporation. are some of the major players in the global market.

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