Healthcare RCM Outsourcing Market Report by Type (Pre-intervention, Intervention, Post-intervention), Services (Back-end, Middle, Front-end), End-User (Hospitals, and Others), and Region 2024-2032
The global healthcare RCM outsourcing market size reached US$ 27.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 102.9 Billion by 2032, exhibiting a growth rate (CAGR) of 15.2% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 27.8 Billion
Market Forecast in 2032
US$ 102.9 Billion
Market Growth Rate 2024-2032
15.2%
Revenue Cycle Management (RCM) is a financial process which is used for managing payment, claim processing and revenue generation. It is utilised by medical billing companies or healthcare facilities for the purpose of addressing issues and following up the claims process. There are numerous benefits which are offered by RCM outsourcing such as doctors have a better control and understanding of their revenue cycles. It also helps in maintaining billing operations and reducing the operating costs of office infrastructure, software and equipment.
Market Trends:
Governments across various nations have been introducing stringent regulations over the past few years regarding healthcare, due to which there has been a significant rise in the operating costs of healthcare facilities and medical billing companies. This has created opportunities for outsourcing companies to assist them in revenue cycle management which acts as a major factor driving the growth of the global healthcare RCM outsourcing market. In addition to this, healthcare facilities have been facing several issues like rising financial challenges which has resulted in the need for augmented speed of billing. This, in turn, has highly contributed towards a propelling growth in the demand for RCM outsourcing agencies. Moreover, other factors which are bolstering the growth of the market include increasing industrialisation and urbanisation rates as well as a rapid rise in the prevalence of diseases across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare RCM outsourcing market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type, services and end-user.
Breakup by Type:
Pre-intervention
Intervention
Post-intervention
Based on type, the market has been segmented as pre-intervention, intervention and post-intervention.
Breakup by Services:
Back-end
Middle
Front-end
The market has been further segregated on the basis of services which include back-end services, middle services and front-end services. Among these, back-end services hold the majority of the market share.
Breakup by End-User:
Hospitals
Others
On the basis of end-user, hospitals represent the largest segment.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, North America is the leading market owing to the rising adoption of advanced technologies which include electric health record (EHR) systems and hospital information systems.
Competitive Landscape:
Some of the leading players operating in the market are:
Conifer Health Solutions
Emdeon Business Services
MedAssets
McKesson
Parallon Business Solutions
The SSI Group
This report provides a deep insight into the global healthcare RCM outsourcing market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the healthcare RCM outsourcing industry in any manner.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Services, End-User, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered
Conifer Health Solutions, Emdeon Business Services, MedAssets, McKesson, Parallon Business Solutions and The SSI Group
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global healthcare RCM outsourcing market was valued at US$ 27.8 Billion in 2023.
We expect the global healthcare RCM outsourcing market to exhibit a CAGR of 15.2% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for healthcare RCM outsourcing for managing payment, claim processing, and revenue generation to reduce the risk of the transmission of the coronavirus infection upon human intervention.
The rising consumer awareness towards the associated benefits of healthcare RCM outsourcing, such as better control and understanding of their revenue cycles, maintaining billing operations, and reducing the operating costs of office infrastructure, software, and equipment, is primarily driving the global healthcare RCM outsourcing market.
Based on the type, the global healthcare RCM outsourcing market can be categorized into pre-intervention, intervention, and post-intervention. Currently, pre-intervention holds the majority of the total market share.
Based on the services, the global healthcare RCM outsourcing market has been segmented into back-end, middle, and front-end. Among these, back-end services exhibit a clear dominance in the market.
Based on the end-user, the global healthcare RCM outsourcing market can be bifurcated into hospitals and others. Currently, hospitals account for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global healthcare RCM outsourcing market include Conifer Health Solutions, Emdeon Business Services, MedAssets, McKesson, Parallon Business Solutions, The SSI Group, etc.
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