How big is the global revenue cycle management market?

In 2022, the global revenue cycle management market was valued at USD 269.9 billion. It is projected to reach USD 773.2 billion by 2032.

What is revenue cycle management (RCM)?

Revenue cycle management refers to the software solutions, services, and tools used to manage and optimize the financial aspects of healthcare services.

What are the driving factors for the growth of the revenue cycle management market?

The increasing demand for healthcare services, the growing complexity of reimbursement structures, the adoption of value-based care models, technological advancements like ML and AI, and the focus on patient-centered care are driving the growth of the revenue cycle management market.

Which segment holds the significant share in the revenue cycle management market based on product type?

The software segment holds the significant share of 68.2% in the revenue cycle management market. This includes various software solutions used for managing financial aspects in healthcare.

Which segment is expected to have the fastest growth in the revenue cycle management market based on product type?

The services segment is expected to have the fastest growth with a projected CAGR of 12.8%.

What are the latest trends in the revenue cycle management market?

The adoption of cloud-based solutions, the use of data analytics and artificial intelligence, emphasis on patient-centered care, and the push towards interoperability and data sharing are the latest trends in the revenue cycle management market.

Who are the key players in the Revenue Cycle Management market?

The key players in the Revenue Cycle Management market include The SSI Group Inc., AllScripts Healthcare LLC, Experian Health, R1 RCM Inc., McKesson Corporation, athenahealth Inc., Epic Systems Corporation, NXGN Management LLC, CareCloud Corporation, Quest Diagnostics Inc., and Cerner Corporation.

What are the product types in the Revenue Cycle Management market?

The Revenue Cycle Management market is divided into two main product types: software and services.

Global Revenue Cycle Management Market By Product Type (Software and Services), By Type (Integrated and Standalone), By Delivery, By Function, By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: Nov. 2023
Report ID: 12854
Number of Pages: 259
Format:

Overview
Table of Contents
Major Market Players
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- The SSI Group Inc.
- AllScripts Healthcare LLC
- Experian Health
- R1 RCM Inc.
- McKesson Corporation
- athenahealth Inc.
- Epic Systems Corporation
- NXGN Management LLC
- CareCloud Corporation
- Quest Diagnostics Inc.
- Cerner Corporation