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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

Industry Outlook

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 provide a positive boost for the healthcare revenue cycle management market growth. Tasks achieved by installation of revenue cycle management solutions are less error in medical billings, claim remittance, patient access management and revenue recovery.

Market Synopsis

Healthcare Revenue Cycle Management Market

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"Rampant growth of IT industry and high degree of customizability drive the software market"

Currently software solutions are reigning 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 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 by numerous market participants.

Healthcare Revenue Cycle Management Market

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"Increasing adoption by small clinics and less maintenance cost incurred propel the standalone solutions market"

In the present scenario standalone solutions are dominating the type segment for healthcare revenue cycle management market. The major factors responsible for its growth are its increasing adoption by small clinics and low maintenance cost incurred. Integrated solutions will be the fastest growing market during the forecast period owing to its rising popularity in multispecialty hospitals and research centers. Provision of data access to multiple users and ability to streamline administrative efforts and medical billings provide thrust to the integrated solutions market growth.

Healthcare Revenue Cycle Management Market

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"Ease of revenue operations through web browser and supervision by third party to drive the web based delivery mode market"

Web based solutions are dominating the delivery mode segment for healthcare revenue cycle management market. The major attributes responsible for its dominance are ease of revenue operations performed via web browser and complete supervision by third party. Cloud based delivery mode will be the fastest growing market due to the vast storage capacity provided for maintaining electronic health records. Higher accessibility and rising preference for integrated systems propel the clod based delivery mode market. On premise delivery mode usually have high up front cost on account of large initial investment related to installation. However, the ownership cost is negligible with minuscule subscription fee related to software and services related to healthcare revenue cycle management.

Healthcare Revenue Cycle Management Market

"Presence of well-developed healthcare infrastructure to 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 market. The major factors responsible for the impressive growth in North America is the presence of well-developed healthcare infrastructure and IT industry specializing in providing software and services in healthcare domain. Presence of key players such as AthenaHealth, Allscripts Healthcare Solutions, Inc., and GE Healthcare provide 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 growth in Europe. Latin America, Middle East & Africa and Asia Pacific will be showcasing outstanding growth during the forecast period from 2018 to 2026 on account of developing healthcare infrastructure and burgeoning requirement of revenue cycle management software and services to minimize the frequently occurring medical billing errors.

Healthcare Revenue Cycle Management Market

Historical & Forecast Period

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

Report Scope by Segments

Healthcare revenue cycle management market segmentation is as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Product (2016–2026; US$ Mn)
 • Services
 • Software

 By Type (2016–2026; US$ Mn)
 • Integrated
 • Standalone

 By Delivery Mode (2016–2026; US$ Mn)
 • On Premise
 • Web Based
 • Cloud Based

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

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

Key questions answered in this report

  • Who are the key companies specializing in 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 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?
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Published Date:  Dec 2018
Category:  Healthcare-IT
Report ID:   59488
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
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