Revenue Cycle Management Market - Global Industry Analysis

Revenue Cycle Management Market by Product (Integrated and Standalone), Components (Services and Software), Deployment (Web-Based, On-Premise, and Cloud-Based), and By End-User (Physician, Hospitals, Medical and Diagnostic Laboratories, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 19-Aug-2021 Category: Medical Device Report Format : PDF Pages: 153 Report Code: ZMR-683 Status : Published

The global Revenue Cycle Management market accounted for USD 35.7 Billion in 2020 and is expected to reach USD 87.6 Billion by 2028, growing at a CAGR of 11.4% from 2021 to 2028.

Description

Revenue Cycle Management Market Overview    

The global Revenue Cycle Management market accounted for USD 35.7 Billion in 2020 and is expected to reach USD 87.6 Billion by 2028, growing at a CAGR of 11.4% from 2021 to 2028.  

Revenue Cycle Management (RCM) is the management of all clinical as well as administrative functions that directly or indirectly contribute to the revenues via patient service to enhance overall profits. It undergoes various processes such as patient eligibility, registration, and verification for insurance, claims processing, medical coding, and payments & AR management. The prominent elements of RCM includes patients, billing company, healthcare provider, and insurance payers.

The leading players across revenue cycle management market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the revenue cycle management market study.

Citing an instance, in July 2018, Optum360 and the U.S. Bank decided to enter into partnership for streamlining and improving revenue cycle management services. Reportedly, the two entities are entering into strategic alliance with an aim towards expanding its set of capabilities in order to assist hospitals and healthcare service providers for efficiently handling their revenue cycle processes.

Global Revenue Cycle Management Market Size

COVID-19 Impact Analysis:

The global Revenue Cycle Management market has witnessed a significant growth during the COVID-19 pandemic. The pandemic is having an unprecedented effect on daily lives and this has impacted every single sector and the global economy. However, the demand for revenue cycle management is growing exponentially during the pandemic, as the value of digital approaches which are designed to help health professionals and the public stay up to date about the disease, allow better strategic planning, and maintain communication are now rapidly being highlighted and adopted. Revenue Cycle Management has become extreme important in the healthcare sector due to the immense resource demands of the ongoing COVID-19 pandemic.

The market would remain bullish in upcoming year.  

Growth Factors

Constant efforts for bringing an improvement in the payment process of the healthcare organizations are likely to drive revenue cycle management market size over the next few years. Apart from this, proliferation in the patient population base along with increase in the number of healthcare insurers is likely to create lucrative avenues for the business in the near future.

The rising deployment costs of revenue cycle management, however, are anticipated to obstruct the growth graph of this revenue cycle management market over the coming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

On the basis of component, software segment dominated the global Revenue cycle management market for revenue cycle management in 2020. This is mainly attributed to the digitalization of processes and streamlining for better patient care. For instance, For instance, as per the study by Health Catalyst, 90% of healthcare organizations uses data and analytical software to improve their quality and revenue cycle management.

However, the services segment is expected to grow at the highest growth rate during the forecast period as the number of market participants offering outsourcing services to healthcare facilities.

Global Revenue Cycle Management Market Share

Regional Analysis Preview  

Geographically, North America has been leading the worldwide revenue cycle management market and is anticipated to continue on the dominant position in the years to come, states the revenue cycle management market study. The implementation of strict legislations promoting the use of revenue cycle management (RCM) tool is the main factor behind the dominance of the North America revenue cycle management market. The high number of market players being headquartered in North America is another significant factor that is supporting the expansion of this regional revenue cycle management market.

Global Revenue Cycle Management Market Regional Analysis

Key Market Players & Competitive Landscape

Some of key players in Revenue Cycle Management Market are Quest Diagnostics, Cerner Corporation, McKesson Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CareCloud Corporation, The SSI Groups Inc., GE Healthcare, Epic Systems, and Siemens Healthcare among others.

The global Revenue Cycle Management Market is segmented as follows:   

By Product

  • Integrated
  • Standalone

By Components

  • Services     
  • Software      

By Deployment

  • Web-Based       
  • On-Premise        
  • Cloud-Based       

By End-User

  • Physician
  • Hospitals
  • Medical and Diagnostic Laboratories
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Components
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Components
        • 2.1.1.3. Market Attractiveness Analysis, By Deployment
        • 2.1.1.4. Market Attractiveness Analysis, By End user
        • 2.1.1.5. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Revenue Cycle Management Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Revenue Cycle Management Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Integrated
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Standalone
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Revenue Cycle Management Market – Components Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Components, 2020 & 2028
    • 5.2. Services
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Software
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Revenue Cycle Management Market – Deployment Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By Service, 2020 & 2028
    • 7.2. Web-Based
      • 7.2.1. Market Size and Forecast, By Region (USD Billion)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. On-Premise
      • 7.3.1. Market Size and Forecast, By Region (USD Billion)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.4. Cloud-Based
      • 7.4.1. Market Size and Forecast, By Region (USD Billion)
      • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8 Revenue Cycle Management Market – End-User Segment Analysis
    • 8.1. Overview
      • 8.1.1. Market Revenue Share, By End-User, 2020 & 2028
    • 8.2. Physician
      • 8.2.1. Market Size and Forecast, By Region (USD Billion)
      • 8.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.3. Hospitals
      • 8.3.1. Market Size and Forecast, By Region (USD Billion)
      • 8.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.4. Medical and Diagnostic Laboratories, Others, and Clinics
      • 8.4.1. Market Size and Forecast, By Region (USD Billion)
      • 8.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.5. Others
      • 8.5.1. Market Size and Forecast, By Region (USD Billion)
      • 8.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8 Revenue Cycle Management Market – Regional Analysis
    • 8.1. Overview
      • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 8.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 8.2. North America
      • 8.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 8.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 8.2.3. North America Market Revenue, By Components, 2016 – 2028
      • 8.2.4. North America Market Revenue, By Deployment, 2016 – 2028
      • 8.2.5. North America Market Revenue, By End-User, 2016 – 2028
      • 8.2.6. U.S.
        • 8.2.6.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 8.2.6.2. U.S. Market Revenue, By Components, 2016 – 2028
        • 8.2.6.3. U.S. Market Revenue, By Deployment, 2016 – 2028
        • 8.2.6.4. U.S. Market Revenue, By End-User, 2016 – 2028
      • 8.2.7. Canada
        • 8.2.7.1. Canada Market Revenue, By Product, 2016 – 2028
        • 8.2.7.2. Canada Market Revenue, By Components, 2016 – 2028
        • 8.2.7.3. Canada Market Revenue, By Deployment, 2016 – 2028
        • 8.2.7.4. Canada Market Revenue, By End-User, 2016 – 2028
      • 8.2.8. Mexico
        • 8.2.8.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 8.2.8.2. Mexico Market Revenue, By Components, 2016 – 2028
        • 8.2.8.3. Mexico Market Revenue, By Deployment, 2016 – 2028
        • 8.2.8.4. Mexico Market Revenue, By End-User, 2016 – 2028
    • 8.3. Europe
      • 8.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 8.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 8.3.3. Europe Market Revenue, By Components, 2016 – 2028
      • 8.3.4. Europe Market Revenue, By Deployment, 2016 – 2028
      • 8.3.5. Europe Market Revenue, By End-User, 2016 – 2028
      • 8.3.6. Germany
        • 8.3.6.1. Germany Market Revenue, By Product, 2016 – 2028
        • 8.3.6.2. Germany Market Revenue, By Components, 2016 – 2028
        • 8.3.6.3. Germany Market Revenue, By Deployment, 2016 – 2028
        • 8.3.6.4. Germany Market Revenue, By End-User, 2016 – 2028
      • 8.3.7. France
        • 8.3.7.1. France Market Revenue, By Product, 2016 – 2028
        • 8.3.7.2. France Market Revenue, By Components, 2016 – 2028
        • 8.3.7.3. France Market Revenue, By Deployment, 2016 – 2028
        • 8.3.7.4. France Market Revenue, By End-User, 2016 – 2028
      • 8.3.8. U.K.
        • 8.3.8.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 8.3.8.2. U.K. Market Revenue, By Components, 2016 – 2028
        • 8.3.8.3. U.K. Market Revenue, By Deployment, 2016 – 2028
        • 8.3.8.4. U.K. Market Revenue, By End-User, 2016 – 2028
      • 8.3.9. Italy
        • 8.3.9.1. Italy Market Revenue, By Product, 2016 – 2028
        • 8.3.9.2. Italy Market Revenue, By Components, 2016 – 2028
        • 8.3.9.3. Italy Market Revenue, By Deployment, 2016 – 2028
        • 8.3.9.4. Italy Market Revenue, By End-User, 2016 – 2028
      • 8.3.10. Spain
        • 8.3.10.1. Spain Market Revenue, By Product, 2016 – 2028
        • 8.3.10.2. Spain Market Revenue, By Components, 2016 – 2028
        • 8.3.10.3. Spain Market Revenue, By Deployment, 2016 – 2028
        • 8.3.10.4. Spain Market Revenue, By End-User, 2016 – 2028
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 8.3.11.2. Rest of Europe Market Revenue, By Components, 2016 – 2028
        • 8.3.11.3. Rest of Europe Market Revenue, By Deployment, 2016 – 2028
        • 8.3.11.4. Rest of Europe Market Revenue, By End-User, 2016 – 2028
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 8.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 8.4.3. Asia Pacific Market Revenue, By Components, 2016 – 2028
      • 8.4.4. Asia Pacific Market Revenue, By Deployment, 2016 – 2028
      • 8.4.5. Asia Pacific Market Revenue, By End-User, 2016 – 2028
      • 8.4.6. China
        • 8.4.6.1. China Market Revenue, By Product, 2016 – 2028
        • 8.4.6.2. China Market Revenue, By Components, 2016 – 2028
        • 8.4.5.3. China Market Revenue, By Deployment, 2016 – 2028
        • 8.4.5.4. China Market Revenue, By End-User, 2016 – 2028
      • 8.4.6. Japan
        • 8.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 8.4.6.2. Japan Market Revenue, By Components, 2016 – 2028
        • 8.4.6.3. Japan Market Revenue, By Deployment, 2016 – 2028
        • 8.4.6.4. Japan Market Revenue, By End-User, 2016 – 2028
      • 8.4.7. India
        • 8.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 8.4.7.2. India Market Revenue, By Components, 2016 – 2028
        • 8.4.7.3. India Market Revenue, By Deployment, 2016 – 2028
        • 8.4.7.4. India Market Revenue, By End-User, 2016 – 2028
      • 8.4.8. South Korea
        • 8.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 8.4.8.2. South Korea Market Revenue, By Components, 2016 – 2028
        • 8.4.8.3. South Korea Market Revenue, By Deployment, 2016 – 2028
        • 8.4.8.4. South Korea Market Revenue, By End-User, 2016 – 2028
      • 8.4.9. South-East Asia
        • 8.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 8.4.9.2. South-East Asia Market Revenue, By Components, 2016 – 2028
        • 8.4.9.3. South-East Asia Market Revenue, By Deployment, 2016 – 2028
        • 8.4.9.4. South-East Asia Market Revenue, By End-User, 2016 – 2028
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 8.4.10.2. Rest of Asia Pacific Market Revenue, By Components, 2016 – 2028
        • 8.4.10.3. Rest of Asia Pacific Market Revenue, By Deployment, 2016 – 2028
        • 8.4.10.4. Rest of Asia Pacific Market Revenue, By End-User, 2016 – 2028
    • 8.5. Latin America
      • 8.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 8.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 8.5.3. Latin America Market Revenue, By Components, 2016 – 2028
      • 8.5.4. Latin America Market Revenue, By Deployment, 2016 – 2028
      • 8.5.5. Latin America Market Revenue, By End-User, 2016 – 2028
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 8.5.6.2. Brazil Market Revenue, By Components, 2016 – 2028
        • 8.5.6.3. Brazil Market Revenue, By Deployment, 2016 – 2028
        • 8.5.6.4. Brazil Market Revenue, By End-User, 2016 – 2028
      • 8.5.7. Argentina
        • 8.5.7.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 8.5.7.2. Argentina Market Revenue, By Components, 2016 – 2028
        • 8.5.7.3. Argentina Market Revenue, By Deployment, 2016 – 2028
        • 8.5.7.4. Argentina Market Revenue, By End-User, 2016 – 2028
      • 8.5.8. Rest of Latin America
        • 8.5.8.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 8.5.8.2. Rest of Latin America Market Revenue, By Components, 2016 – 2028
        • 8.5.8.3. Rest of Latin America Market Revenue, By Deployment, 2016 – 2028
        • 8.5.8.4. Rest of Latin America Market Revenue, By End-User, 2016 – 2028
    • 8.6. The Middle-East and Africa
      • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 8.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Components, 2016 – 2028
      • 8.6.3. The Middle-East and Africa Market Revenue, By Deployment, 2016 – 2028
      • 8.6.4. The Middle-East and Africa Market Revenue, By End-User, 2016 – 2028
      • 8.6.5. GCC Countries
        • 8.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 8.6.5.2. GCC Countries Market Revenue, By Components, 2016 – 2028
        • 8.6.5.3. GCC Countries Market Revenue, By Deployment, 2016 – 2028
        • 8.6.5.4. GCC Countries Market Revenue, By End-User, 2016 – 2028
      • 8.6.6. South Africa
        • 8.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 8.6.6.2. South Africa Market Revenue, By Components, 2016 – 2028
        • 8.6.6.3. South Africa Market Revenue, By Deployment, 2016 – 2028
        • 8.6.6.4. South Africa Market Revenue, By End-User, 2016 – 2028
      • 8.6.7. Rest of Middle-East Africa
        • 8.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 8.6.7.2. Rest of Middle-East Africa Market Revenue, By Components, 2016 – 2028
        • 8.6.7.3. Rest of Middle-East Africa Market Revenue, By Deployment, 2016 – 2028
        • 8.6.7.4. Rest of Middle-East Africa Market Revenue, By End-User, 2016 – 2028
  • Chapter No. 8 Revenue Cycle Management Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Service Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Revenue Cycle Management Market: Company Market Share, 2019
      • 9.1.2. Global Revenue Cycle Management Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Revenue Cycle Management Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Revenue Cycle Management Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10: Company Profiles
    • 10.1. Quest Diagnostics
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. GE Healthcare
    • 10.3. Siemens Healthcare
    • 10.4. McKesson Corporation
    • 10.5. Allscripts Healthcare Sulutions Incorporation
    • 10.6. eClinicalWorks LLC
    • 10.7. CareCloud Corporation
    • 10.8. The SSI Groups Inc.
    • 10.9. Epic Systems
    • 10.10. Athenahealth Inc.
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Components
FIG NO. 3. Market Attractiveness Analysis, By Deployment
FIG NO. 4. Market Attractiveness Analysis, By End-User
FIG NO. 5. Market Attractiveness Analysis, By Region
FIG NO. 6. Global Revenue Cycle Management Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 7. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 8. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 9. Global Revenue Cycle Management Market for Integrated, Revenue (USD Billion) 2016 – 2028
FIG NO.10. Comparative Revenue Analysis of Revenue Cycle Management Market for Integrated, By Country, 2020 & 2028
FIG NO. 11. Global Revenue Cycle Management Market for Standalone, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Revenue Cycle Management Market for Standalone, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Components, 2020 & 2028
FIG NO. 16. Global Revenue Cycle Management Market for Services, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Revenue Cycle Management Market for Services, By Country, 2020 & 2028
FIG NO. 18. Global Revenue Cycle Management Market for Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Revenue Cycle Management Market for Software, By Country, 2020 & 2028
FIG NO. 20. Market Revenue Share, By Deployment, 2020 & 2028
FIG NO. 21. Global Revenue Cycle Management Market for Web-Based, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Revenue Cycle Management Market for Web-Based, By Country, 2020 & 2028
FIG NO. 23. Global Revenue Cycle Management Market for On-Premise, Revenue (USD Billion) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Revenue Cycle Management Market for On-Premise, By Country, 2020 & 2028
FIG NO. 25. Global Revenue Cycle Management Market for Cloud-Based, Revenue (USD Billion) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Revenue Cycle Management Market for Cloud-Based, By Country, 2020 & 2028
FIG NO. 27. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 28. Global Revenue Cycle Management Market for Physician, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Revenue Cycle Management Market for Physician, By Country, 2020 & 2028
FIG NO. 30. Global Revenue Cycle Management Market for Hospitals, Revenue (USD Billion) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Revenue Cycle Management Market for Hospitals, By Country, 2020 & 2028
FIG NO. 32. Global Revenue Cycle Management Market for Medical and Diagnostic Laboratories, Others, and Clinics, Revenue (USD Billion) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Revenue Cycle Management Market for Medical and Diagnostic Laboratories, Others, and Clinics, By Country, 2020 & 2028
FIG NO. 34. Global Revenue Cycle Management Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Revenue Cycle Management Market for Others, By Country, 2020 & 2028
FIG NO. 36. Global Revenue Cycle Management Market Revenue Share, By Region, 2020 & 2028
FIG NO. 37. North America Revenue Cycle Management Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 38. Porter’s Five Forces Analysis for Global Revenue Cycle Management Market
FIG NO. 39. PEST Analysis for Global Revenue Cycle Management Market
FIG NO. 40. Pricing Analysis for Global Revenue Cycle Management Market
FIG NO. 41. Value Chain Analysis for Global Revenue Cycle Management Market
FIG NO. 42. Company Share Analysis, 2019
FIG NO. 43. Radar Determinant Chart, 2019
FIG NO. 44. Company Strategic Developments – Heat Map Analysis
FIG NO. 45. QUEST DIAGNOSTICS Business Segment Revenue Share, 2020 (%)
FIG NO. 46. QUEST DIAGNOSTICS Geographical Segment Revenue Share, 2020 (%)
FIG NO. 47. Market Channels
FIG NO. 48. Marketing Channel Development Trend
FIG NO. 49. Growth in World Gross Product, 2008-2018
FIG NO. 50. Research Methodology – Detailed View
FIG NO. 51. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Revenue Cycle Management Market: Snapshot
TABLE NO. 2. Quarterly Revenue Cycle Management Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Revenue Cycle Management Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Revenue Cycle Management Market for Integrated, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Revenue Cycle Management Market for Standalone, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Revenue Cycle Management Market for Services, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Revenue Cycle Management Market for Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Revenue Cycle Management Market for Web-Based, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Revenue Cycle Management Market for On-Premise, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Revenue Cycle Management Market for Cloud-Based, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Revenue Cycle Management Market for Physician, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Revenue Cycle Management Market for Hospitals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Revenue Cycle Management Market for Medical and Diagnostic Laboratories, Others, and Clinics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Revenue Cycle Management Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global Revenue Cycle Management Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Revenue Cycle Management Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Revenue Cycle Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 21. North America Revenue Cycle Management Market Revenue, By Components, 2016 – 2028 (USD Billion)
TABLE NO. 22. North America Revenue Cycle Management Market Revenue, By Deployment, 2016 – 2028 (USD Billion)
TABLE NO. 23. North America Revenue Cycle Management Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 24. U.S. Revenue Cycle Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 25. U.S. Revenue Cycle Management Market Revenue, By Components, 2016 – 2028 (USD Billion)
TABLE NO. 26. U.S. Revenue Cycle Management Market Revenue, By Deployment, 2016 – 2028 (USD Billion)
TABLE NO. 27. U.S. Revenue Cycle Management Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 28. Canada Revenue Cycle Management Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 29. Canada Revenue Cycle Management Market Revenue, By Components, 2016 – 2028 (USD Billion)
TABLE NO. 30. Canada Revenue Cycle Management Market Revenue, By Deployment, 2016 – 2028 (USD Billion)
TABLE NO. 31. Canada Revenue Cycle Management Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 32. Mexico Revenue Cycle Management Market Revenue, By Product, 2016 – 2028 (USD Billion) 
TABLE NO. 33. Mexico Revenue Cycle Management Market Revenue, By Components, 2016 – 2028 (USD Billion) 
TABLE NO. 34. Mexico Revenue Cycle Management Market Revenue, By Deployment, 2016 – 2028 (USD Billion)
TABLE NO. 35. Mexico Revenue Cycle Management Market Revenue, By End-User, 2016 – 2028 (USD Billion)
TABLE NO. 36. Drivers for the Revenue Cycle Management Market: Impact Analysis 
TABLE NO. 37. Restraints for the Revenue Cycle Management Market: Impact Analysis
TABLE NO. 38. Major Buyers of Beverage Packaging  
TABLE NO. 39. Distributors/Traders List of Beverage Packaging 
TABLE NO. 40. Global Revenue Cycle Management Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 41. Global Revenue Cycle Management Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Revenue Cycle Management market. Zion Research has collected and analyzed key data belong to the global Revenue Cycle Management market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Revenue Cycle Management across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Revenue Cycle Management industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Revenue Cycle Management market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Revenue cycle management in healthcare is a process of managing claim process, payment, and revenue generation. Revenue cycle management helps a medical practice to increase the revenue by proper claim management. The four player which involved in revenue cycle management of healthcare system includes patients, healthcare providers, billing company and insurance player.

Increasing awareness regarding revenue cycle management is one of the major driving factors for global revenue cycle management market. Furthermore, the need of improvement in health care organization coupled with increasing government initiatives for implementing RCM solutions are some other factors that are influencing the overall revenue cycle management market.However, the high cost of technology is a major restrain the growth of RCM market. Nonetheless, ongoing research and development and adoption of new and updated versions of RCM solution can create opportunities nearby future.

Global-Revenue-Cycle-Management-Market

Based on product, RCM market is segmented into two types: integrated and standalone. An integrated management system integrates all of an organization’s systems and processes into one complete framework, which allows the organization to work as a single unit with unified objectives.

Based on the component, RCM market is segmented into two types: service and software. The services segment accounted for the largest share of the market in 2016. This growth is attributed due to increasing reliability on maintenance of software. RCM software required yearly updating or annual subscription which considered as the major driving factor for the growth of the services segment in RCM market.

Based on deployment, the global revenue cycle management market is classified into three types: web-based, on-premises and cloud based system. Web-based system accounted for the largest market share in 2016. This growth is attributed due to the wide adoption of mobile support system in healthcare.

Based on end-user, the global revenue cycle management market is classified into four types: physician or consultant, hospital, medical and diagnostic laboratories and others. Physician segment expected to account for the largest share of the market in 2022. This growth is accredited due to increasing number of patients visiting physician or consultants. In addition, rising demand for healthcare insurance are the major factors contributing to the growth of this segment.

Based on geographies, the global revenue cycle management market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. These regions are further sub-segmented into the U.S., the U.K., Germany, France, China, Japan, India, and Brazil.  North America accounted for the largest share of the global revenue cycle management market, followed by Europe.This growth is attributed due to rising awareness related to health care in this region.Moreover, revenue cycle management market has a huge opportunity in the emerging markets of Asia-Pacific region due to the large pool of patient, development of advance healthcare infrastructure in this region.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global revenue cycle management market include Quest Diagnostics, Cerner Corporation, McKesson Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CareCloud Corporation, The SSI Groups Inc., GE Healthcare, Epic Systems, and Siemens Healthcare.

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FrequentlyAsked Questions

The global Revenue Cycle Management Market was valued at USD 35.7 Billion in 2020.

The global Revenue Cycle Management Market is expected to reach USD 87.6 Billion by 2028, growing at a CAGR of 11.4% between 2021 to 2028.

The key factor driving the global Revenue Cycle Management Market growth is huge demand for medical insurance.

North America ruled the Revenue Cycle Management with more than 30% share for the year 2020 in terms of income followed by Asia Pacific and Europe.  

Some of the major companies operating in Revenue Cycle Management Market are Quest Diagnostics, Cerner Corporation, McKesson Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CareCloud Corporation, The SSI Groups Inc., GE Healthcare, Epic Systems, and Siemens Healthcare.among others.

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