Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028

Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A926
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Market Overview:

The global healthcare RCM outsourcing market size reached US$ 23.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 62.4 Billion by 2028, exhibiting a growth rate (CAGR) of 17.4% during 2023-2028.

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. 

 

 
 

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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 2023-2028. Our report has categorized the market based on type, services and end-user.

Breakup by Type:

 

 
 

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  • 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:

On the basis of end-user, hospitals represent the largest segment.

Regional Insights:

 

 
 

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  • 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 2022
Historical Period 2017-2022
Forecast Period 2023-2028
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

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Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028
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