Global Revenue Cycle Management (RCM) Market by Product, Type, Delivery Mode, End-use and Region - Forecast to 2026 - ResearchAndMarkets.com

DUBLIN--()--The "Revenue Cycle Management (RCM) Market Size, Share & Trends Analysis By Product (Software, Service), By Type (Integrated & Standalone), By Delivery Mode, By End Use, And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global revenue cycle management market size is expected to reach USD 73.2 billion by 2026. It is anticipated to register a CAGR of 12% during the forecast period.

In recent years, revenue cycle departments of private and community hospitals have received greater attention as an important driver to their revenue streams. The use of next-generation technology and data analytics tools enabled hospitals in tracking costs and identify cost-saving strategies, reducing denial management cases and optimizing financial performance.

Increase in cloud-based solutions, rising denial management cases, and strong government initiatives are expected to contribute to the growth in demand for Revenue Cycle Management (RCM) over the forecast period. According to the U.S based research firm Black Book, in the past six years, 400 out of 522 hospitals surveyed, implemented RCM systems. In January 2019, hospitals who have not systems in place, which is approximately 82%), said they are planning to have a revenue cycle management system in place.

However, the revenue cycle management market is facing stiff challenges such as lack of trained professionals and high deployment costs. Denial identification is another challenge for these systems. According to a study conducted by the Healthcare Information and Management Systems Society (HIMSS), it is estimated that approximately 31% of the providers are still using manual claims for the denial identification.

Further key findings from the report suggest:

  • Service segment is expected to showcase the highest CAGR of over 12% during the forecast period. Accounts receivable and denial management are expected to be the most outsourced services over the forecast period.
  • Integrated solutions is expected to be the fastest growing segment. The systems are used with various other software to increase efficiency and communication in-between different departments. The web-based segment is projected to lead the market in 2026. These services are more affordable than cloud-based solutions.
  • North America held the leading market share in 2018, owing to regulatory requirements in this region. Asia Pacific followed by Latin America are expected to report the fastest CAGR, over the forecast period, owing to the growth in IT infrastructure.
  • Some of the players operating in the revenue cycle management market include McKesson Corp.; Cerner Corporation; Greenway Health, LLC, CareCloud Corporation; Epic Systems, Kareo, Inc.; The SSI Group, LLC; NextGen Healthcare, Quest Diagnostics, Inc.; eClinicalWorks; and Allscripts.

Key Topics Covered

Chapter 1 Methodology and Scope

1.1 Market segmentation & scope

1.2 Information procurement

1.2.1 Purchased database

1.2.2 Internal database

1.2.3 Secondary sources & third party perspectives

1.2.4 Primary research

1.3 Information analysis

1.3.1 Data analysis models

1.4 Market formulation & data visualization

1.5 Data validation & publishing

Chapter 2 Executive Summary

2.1 Market Outlook

2.2 Segment Outlook

2.3 Competitive Insights

Chapter 3 Revenue Cycle Management Market Variables, Trends & Scope

3.1 Market Lineage outlook

3.1.1 Parent market outlook

3.1.2 Related/ancillary market outlook

3.2 Penetration & Growth Prospect Mapping

3.3 Product Pipeline Analysis, by Stage

3.4 User perspective analysis

3.4.1 Consumer Behavior Analysis

3.4.2 Market Influencer Analysis

3.5 List of Key End-users, by region / by product / by country

3.6 Regulatory Framework

3.6.1 Reimbursement framework

3.6.2 Standards & Compliances

3.7 Market Dynamics

3.7.1 Market Driver Analysis

3.7.2 Market Restraint Analysis

3.7.3 Industry Challenges

3.8 Revenue Cycle Management: Market Analysis Tools

3.8.1 Industry Analysis - Porter's

3.8.2 PESTEL Analysis

3.8.3 Major Deals & Strategic Alliances Analysis

3.8.4 Market Entry Strategies

Chapter 4 Revenue Cycle Management Market: Segment Analysis, By Product, 2015 - 2026 (USD Million)

4.1 Definitions & Scope

4.2 Product type market share analysis, 2018 & 2026

4.3 Segment Dashboard

4.4 Global Revenue Cycle Management Market, by product, 2015 to 2026

4.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

4.5.1 Software

4.5.2 Services

Chapter 5 Revenue Cycle Management Market: Segment Analysis, By Type, 2015 - 2026 (USD Million)

5.1 Definitions & Scope

5.2 Type market share analysis, 2018 & 2026

5.3 Segment Dashboard

5.4 Global Revenue Cycle Management Market, by Type, 2015 to 2026

5.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

5.5.1 Integrated

5.5.2 Standalone

Chapter 6 Revenue Cycle Management Market: Segment Analysis, By Delivery Mode, 2015 - 2026 (USD Million)

6.1 Global Revenue Cycle Management Market, by Delivery Mode, 2015 to 2026

6.2 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

6.2.1 On-premise

6.2.2 Web-based

6.2.3 Cloud-based

Chapter 7 Revenue Cycle Management Market: Segment Analysis, By End Use, 2015 - 2026 (USD Million)

7.1 Global Revenue Cycle Management Market, by Delivery Mode, 2015 to 2026

7.2 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

7.2.1 Physician Offices

7.2.2 Hospitals

7.2.3 Diagnostic Laboratories

7.2.4 Others

Chapter 8 Revenue Cycle Management Market: Segment Analysis, Product by Delivery Mode, 2015 - 2026 (USD Million)

8.1 Global Revenue Cycle Management Market, by Product by Delivery Mode, 2015 to 2026

8.2 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following

8.2.1 Software

8.2.2 Services

Chapter 9 Revenue Cycle Management Market: Regional Market Analysis, 2015 - 2026 (USD Million)

9.1 Definitions & Scope

9.2 Regional market share analysis, 2018 & 2026

9.3 Regional Market Dashboard

9.4 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends)

9.5 Regional Market Share and Leading Players, 2018

9.6 SWOT Analysis, by Factor (Political & Legal, Economic And Technological)

9.7 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2025:

9.8 North America

9.9 Europe

9.10 Asia Pacific

9.11 Latin America

Chapter 10 Revenue Cycle Management Market - Competitive Analysis

10.1 Recent developments & impact analysis, by key market participants

10.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)

10.3 Vendor Landscape

10.3.1 List of key distributors and channel partners

10.3.2 Key customers

10.3.3 Key company market share analysis, 2018

10.4 Public Companies

10.4.1 Company market position analysis (Revenue, geographic presence, product portfolio, key serviceable industries, key alliances)

10.4.2 Company Market Share/Ranking, by region

10.4.3 Competitive Dashboard Analysis

10.5 Private Companies

10.5.1 List of key emerging companies' /technology disruptors/innovators

10.5.2 Funding Outlook (Optional)

10.5.3 Regional network map

10.5.4 Company market position analysis (geographic presence, product portfolio, key alliance, industry experience)

10.6 Supplier Ranking

10.7 Key companies profiled

10.7.1 The SSI Group, Inc.

10.7.2 Allscripts Healthcare Solutions, Inc.

10.7.3 Cerner Corporation

10.7.4 McKesson Corporation

10.7.5 athenaHealth, Inc.

10.7.6 EPIC Systems

10.7.7 eClinicalWorks LLC

10.7.8 NextGen Healthcare Information System LLC

10.7.9 CareCloud

10.7.10 Quest Diagnostics, Inc.

Chapter 11 KOL Commentary

Chapter 12 Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/1utkyc

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Related Topics: Managed Care

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Managed Care