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The global healthcare RCM outsourcing market was valued at US$ 20.1 Billion in 2021.
We expect the global healthcare RCM outsourcing market to exhibit a CAGR of 17.6% during 2022-2027.
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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