Global Revenue Cycle Management (RCM) Market – Industry Trends and Forecast to 2024

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Global Revenue Cycle Management (RCM) Market
Global Revenue Cycle Management (RCM) Market
accounted value of 12.7 from 2016 to 2022
Global 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 Geography (North America, Europe, Asia
Pacific, South America, Middle East Africa)
Industry Trends and Forecast to 2024
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Report Description
The Global Revenue Cycle Management market has
accounted to USD 51.6 billion in 2016, growing at
a CAGR of 12.7 from 2017 to 2024, is expected to
reach USD 133.6 billion by 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.
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Key Drivers
The 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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Market Segmentation

• In this report, the revenue cycle management
  market is segmented on the basis of product type,
  deployment, component, stage, end-user, and
  geography.
• Based on type the market is further segmented
  into integrated RCM and standalone RCM.
• On the basis of product type RCM solutions are
  segmented into standalone and integrated RCM.
  Based on end-users the market is segmented into
  hospitals, laboratories, and physicians and
  others.

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Competitive Landscape

• In-depth profiling of key players has been
  conducted along with recent developments (new
  product launches partnerships, agreements,
  collaborations, and joint ventures) and
  strategies adopted by them to sustain and
  strengthen their position in the global RCM
  market.
• The key players in the revenue cycle management
  market are McKesson Corporation, Cerner
  Corporation, Quest Diagnostics, Athena Health,
  Inc., Allscripts, EClinicalWorks, CareCloud
  Corporation, The SSI Groups, Inc., GE Healthcare,
  Epic Systems, Siemens Healthcare, and Kareo,
  Inc., among others.

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