Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Healthcare RCM Outsourcing Market
Global Healthcare RCM Outsourcing Market to Grow at 17.4% During 2023-2028, Bolstered by the Growing Prevalence of Chronic Diseases
January 04, 2022
| Healthcare
The latest report by IMARC Group, titled “Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global healthcare RCM outsourcing market reached a value of US$ 23.7 Billion in 2022. Healthcare revenue cycle management (RCM) outsourcing optimizes non-medical services in the healthcare industry. It includes various functions such as registration, scheduling, patient check-in/check-out, billing, as well as final balance payments. The process is an integral part of the healthcare industry as it offers better control and understanding of the revenue cycles. The administrative components comprise services such as front-end and back-end services, which help achieve cost savings. Nowadays, healthcare organizations are rapidly shifting from in-house management to outsourcing RCM processes as it helps in efficiently allocating financial and human resources. It also enables medical professionals to reduce the operation cost of office infrastructure, software, and equipment.
Global Healthcare RCM Outsourcing Market Trends:
The market is primarily driven by the rising prevalence of lifestyle and cardiovascular diseases. In addition, healthcare organizations are outsourcing their operational functions to RCM partners, which help focus on the actual business of providing quality healthcare and reducing the non-clinical task burden on hospitals. It also maintains tabs on the compliance regulations of the organization. In recent years, there has been a shortage of staff members across hospitals and clinics, which is fueling the growth of the market. Besides this, RCM service providers offer easy scaling up of requirements of the providers, which is creating opportunities for business expansion without any need for either human or infrastructure resources. Furthermore, governments across various countries are implementing stringent regulations to reduce the operating costs of healthcare facilities and medical billing companies, thereby propelling the market growth. Looking forward, the market is expected to grow at a CAGR of 17.4% during the forecast period (2023-2028).
Market Summary:
- Based on the type, the market has been segmented into pre-intervention, intervention, and post-intervention.
- On the basis of the services, the market has been classified into back-end, middle, and front-end. Among these, back-end services hold the majority of the market share.
- The market has been categorized based on the end-user into hospitals and others. Currently, hospitals represent the largest segment.
- Region-wise, the market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Currently, North America is the leading position in the market.
- The competitive landscape of the market has been examined, with some of the key players being Conifer Health Solutions, Emdeon Business Services, MedAssets, Inc., McKesson Corporation, Parallon Business Solutions, and The SSI Group.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More