North America Revenue Cycle Management (RCM) Market – Trends and Forecast to 2024

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North America Revenue Cycle Management (RCM)
Market Trends and Forecast to 2024
North America Revenue Cycle Management (RCM)
Market By Product Type (Integrated RCM,
Standalone RCM), By Stage (Front Office, Mid
Office, Back Office), By End User (Hospitals,
General Physicians, Labs, Others), By Deployment
(Web-based, On-premise, Cloud-based), By
Component (Software, Services), By Country (U.S.,
Canada, Mexico) Trends and Forecast to 2024
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Report Description
The North America Revenue Cycle Management Market
is expected to reach USD 52.7 billion by 2024
from USD 23.1 billion in 2016, growing at a CAGR
of 12.6 from 2017 to 2024, . The new market
report contains data for historic years 2015, the
base year of calculation is 2016 and the forecast
period is 2017 to 2024. Revenue cycle management
(RCM) is used by healthcare providers to scale
and manage the process of healthcare billing and
reimbursements.
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Market Segmentation
The North America revenue cycle management market
is segmented on the basis of product type,
deployment, component, stage, end-user, and
geography. The revenue cycle management market
is segmented with respect to type into integrated
RCM and standalone RCM. The end-users of this
market include hospitals, laboratories, and
physicians and others. By product type RCM
solutions are segmented into standalone and
integrated RCM.
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Market Segmentation
The components sub-category of the RCM market,
the services segment dominates the market, and is
expected to reach USD 11.2 billion by
2022. North American revenue cycle management
market is steadily progressing owing to factors,
such as decreasing reimbursement in healthcare
industry, reduction of overall healthcare costs,
initiatives undertaken by governments for
implementing RCM solutions, and increasing
expenditure by healthcare industry especially
made on information technology. .
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Regional Analysis

• Based on country, the market is segmented into 3
  regions
• U.S.
• Canada
• Mexico
• Based on geography the market is segmented into 3
  countries, U.S., Canada and Mexico. U.S. is
  expected to dominate the market due to the rising
  need to decrease healthcare expenditure which is
  forming the major share of the market.

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Major Key Players

• Major players in the North America Revenue Cycle
  Management (RCM) Market are
• McKesson Corporation
• Cerner Corporation
• Quest Diagnostics
• Athena Health, Inc.
• Allscripts.
• EClinicalWorks

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