The Global Revenue Management Cycle Market is expected to grow at a CAGR of around 11% from 2021-2027.
A comprehensive overview of the revenue management cycle market is recently added by UnivDatos Market Insights to its humongous database. The revenue management cycle market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the revenue management cycle market. The revenue management cycle market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the revenue management cycle market at the global and regional levels. The Global Revenue Management Cycle Market is expected to grow at a CAGR of around 11% from 2021-2027.
Market Overview
The rapidly growing healthcare data and the increase in revenue lost due to operational leakage are some of the prominent factors that are driving the worldwide demand for more efficient integrated systems augmenting the growth of the revenue cycle management market globally. Furthermore, the surging healthcare expenditure and government support for implementing RCM owing to the surge in geriatric population and thus the rise in the total patient volume across the globe is also expected to boost the market growth. For instance, in 2019, there were more than 36.2 million hospital admissions in the United States alone.
Furthermore, The market is booming due to the government initiatives to promote the use of healthcare IT, the high adoption rate of Electronic Health Records (EHR), and the introduction of artificial intelligence (AI) & big data in the healthcare industry. Furthermore, the rising incidence of chronic diseases leading to the overall increase in the patient volume across the globe is also propelling the revenue management cycle market. For instance, As per the National Diabetes Statistics Report 2020, amongst the overall US population, 34.2 million people of all ages, or 10.5% of the US population had diabetes in 2018.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=14397
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the healthcare industry and has transformed the way healthcare is delivered. The revenue management cycle market has been affected significantly during these times owing to the huge surge in COVID-19 patients across the globe and these revenue cycle management solutions in various medical institutions and hospitals aids in the smooth workflow during the treatment process. Owing to this, many of the industry players are also launching new and advanced revenue cycle management for healthcare during the pandemic.
Global revenue cycle management market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Functions, the market is primarily fragmented into
· Claims & Denial Management
· Medical Coding & Billing
· Clinical Documentation Improvement (CDI)
· Electronic Health Record (EHR)
· Insurance
· Others
Amongst Functions, the claims & denial management segment of the global revenue cycle management market was valued at USD X billion in 2020 and is likely to reach USD X billion by 2027 growing at a CAGR of X% from 2021-2027.
By Delivery Mode, the market is primarily segmented into
· Practice Management
· Patient Management
· E-prescribing
· Referral Management
· Population Health Management
· Others
By Delivery Mode, the web-based segment dominated the global revenue cycle management market and will row at X% CAGR to reach US$ X billion by the year 2027. On the other hand, the cloud-based segment is also projected to grow rapidly during the forthcoming years.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=14397
By Product Type, the market is primarily fragmented into
· Services
· Software
By Product Type, the software segment garners a significant share of the global revenue cycle management market and will row at X% CAGR to reach US$ X billion by the year 2027. However, the services segment is also anticipated to show lucrative growth over the projected timeframe.
By End-Use, the market is primarily segmented into
· Hospitals
· Diagnostic Laboratories
· Physicians Offices
· Others
Amongst End-Users, the physicians office segment of the global revenue cycle management market was valued at USD X billion in 2020 and is likely to reach USD X billion by 2027 growing at a CAGR of X% from 2021-2027. However, the hospitals segment is anticipated to grow at a considerable CAGR during the forecast period.
Revenue Cycle Management Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and Rest of Asia-Pacific)
· Rest of the World
Geographically, the North America region dominated the revenue cycle management market with almost US$ X billion revenue in 2020 owing to the well-established healthcare infrastructure in the region.
Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=14397
The major players targeting the market includes
· Mckesson Corporation
· Cerner Corporation
· Allscripts Healthcare Solutions
· GE Healthcare
· R1 RCM Inc.
· eClinicalWorks
· Epic Systems Corporation
· Athenahealth, Inc.
· Constellation Software
· CareCloud Corporation
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the revenue cycle management market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
For more informative information, please visit us @ https://univdatos.com/report/revenue-cycle-management-market/
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the revenue cycle management market?
• Which factors are influencing the revenue cycle management market over the forecast period?
• What are the global challenges, threats, and risks in the revenue cycle management market?
• Which factors are propelling and restraining the revenue cycle management market?
• What are the demanding global regions of the revenue cycle management market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Table of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL REVENUE CYCLE MANAGEMENT MARKET REVENUE
7 MARKET INSIGHTS BY FUNCTIONS
8 MARKET INSIGHTS BY DELIVERY MODE
9 MARKET INSIGHTS BY PRODUCT TYPE
10 MARKET INSIGHTS BY END-USE
11 MARKET INSIGHTS BY REGION
12 REVENUE CYCLE MANAGEMENT MARKET DYNAMICS
13 REVENUE CYCLE MANAGEMENT MARKET OPPORTUNITIES
14 REVENUE CYCLE MANAGEMENT MARKET TRENDS & INSIGHTS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
