DUBLIN--(BUSINESS WIRE)--The "Mid-Revenue Cycle Management/Clinical Documentation Improvement Market by Product & Service (Clinical Documentation, Clinical Coding (NLP, Structure Input), Charge Capture, CDI, DRG, Pre-Bill Review), End User, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global mid-revenue cycle management solutions market is projected to reach USD 4,539.4 million by 2023 from USD 3,102.5 million in 2018, at a CAGR of 7.9% during the forecast period.
Mid-revenue management solutions are used in the healthcare industry to improve the accuracy of charge capturing processes, review bills, and prevent fraudulent claims. These solutions significantly minimize paperwork, reduce the need for manual operations, and increase the efficiency of organizations while ensuring compliance with healthcare laws.
Market growth is largely driven by the increasing utilization of mid-RCM solutions to reduce healthcare costs, check the loss of revenue due to medical billing and coding errors, resolve issues raised by the decline in reimbursement rates, manage ever-increasing amounts of unstructured data, and maintain regulatory compliance.
On the other hand, IT infrastructural constraints in developing countries, a scarcity of skilled IT professionals, and the risks associated with HCIT solutions in terms of data security & privacy may restrain the growth of this market to a certain extent.
In this report, the mid-revenue cycle management solutions market is segmented on the basis of products & services, end users, and regions.
Although there are numerous players entering the mid-revenue cycle management solutions market, some of the prominent players in this market are 3M Company (US), Optum (US), Nuance (US), and M*Modal (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Mid-Revenue Cycle Management/Clinical Documentation Improvement Market, By Product & Service
8 Mid-Revenue Cycle Management/Clinical Documentation Improvement Market, By End User
9 Mid-Revenue Cycle Management/Clinical Documentation Improvement Market, By Region
10 Competitive Landscape
11 Company Profiles
- 3M Company
- Cerner Corporation
- Chartwise Medical Systems, Inc.
- Dolbey Systems
- EPIC Systems Corporation
- EZDI, Inc.
- Iodine Software
- Nthrive, Inc.
- Nuance Communications, Inc.
- Optum, Inc. (A Subsidiary of Unitedhealth Group, Inc.)
- Streamline Health Solutions, LLC
- Vitalware, LLC.
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