Market Overview:
The global revenue cycle management market reached a value of US$ 106.93 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 211.51 Billion by 2027, exhibiting a CAGR of 11.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Revenue cycle management (RCM) is a financial process that assists healthcare facilities in collecting payments for medical bills. It also helps minimize costs, manage time, improve patient outcomes, and reduce human error in claim submission processes. It includes registration, pricing, compliance, data analytics, cover scheduling, financial clearance, patient collection, medical coding, claims processing, contract management, payment posting and accounts receivable (A/R) follow-up, and reporting and benchmarking. At present, healthcare providers worldwide are increasingly relying on RCM solutions to centralize billing and coding systems and enable reliable reimbursement and compliance processes.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Revenue Cycle Management Market Trends:
The rising focus on improving patient care while simultaneously lowering healthcare costs represents one of the major factors encouraging healthcare organizations to outsource RCM solutions. These solutions combine administrative data, such as the personal information, insurer name, and treatment codes of a patient, along with financial billing information. They also provide insurance verification and point-of-service (POS) to overcome reimbursement complexities. Apart from this, the ongoing coronavirus disease (COVID-19) pandemic has increased the need for electronic health record (EHR) systems to enable effective data sharing, which is further contributing to the market growth. Other factors, such as the growing adoption of remote healthcare, the rising medical costs, and the increasing prevalence of chronic illnesses, are also presenting lucrative opportunities to market players across the globe. Moreover, these players are incorporating artificial intelligence (AI) technology and focusing on merger and acquisition (M&A) activities to enhance RCM capabilities, which is anticipated to stimulate the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global revenue cycle management market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, deployment and end user.
Breakup by Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Component:
Breakup by Deployment:
- Web-based
- Cloud-based
- On-premises
Breakup by End User:
- Hospitals
- Physicians
- Diagnostic and Ambulatory Care Centers
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allscripts Healthcare LLC, Athenahealth, CareCloud Inc, Cerner Corporation, Cognizant, EClinicalWorks, Epic Systems Corporation, Experian Information Solutions Inc, GeBBs Healthcare Solutions, General Electric, McKesson Corporation, Oracle Corporation and Quest Diagnostics.
Report Coverage:
Report Features |
Details |
---|
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Billion |
Segment Coverage |
Type, Component, Deployment, End User, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Allscripts Healthcare LLC, Athenahealth, CareCloud Inc, Cerner Corporation, Cognizant, EClinicalWorks, Epic Systems Corporation, Experian Information Solutions Inc, GeBBs Healthcare Solutions, General Electric, McKesson Corporation, Oracle Corporation and Quest Diagnostics. |
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) |
Key Questions Answered in This Report:
- How has the global revenue cycle management market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global revenue cycle management market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global revenue cycle management market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Revenue Cycle Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Standalone
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Integrated
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Software
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Services
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Deployment
8.1 Web-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 On-premises
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End User
9.1 Hospitals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Physicians
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Diagnostic and Ambulatory Care Centers
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allscripts Healthcare LLC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Athenahealth
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 CareCloud Inc
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Cerner Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Cognizant
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 EClinicalWorks
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Epic Systems Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 Experian Information Solutions Inc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 GeBBs Healthcare Solutions
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 General Electric
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 McKesson Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Oracle Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Quest Diagnostics
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
List of Figures
Figure 1: Global: Revenue Cycle Management Market: Major Drivers and Challenges
Figure 2: Global: Revenue Cycle Management Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Revenue Cycle Management Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Revenue Cycle Management Market: Breakup by Type (in %), 2021
Figure 5: Global: Revenue Cycle Management Market: Breakup by Component (in %), 2021
Figure 6: Global: Revenue Cycle Management Market: Breakup by Deployment (in %), 2021
Figure 7: Global: Revenue Cycle Management Market: Breakup by End User (in %), 2021
Figure 8: Global: Revenue Cycle Management Market: Breakup by Region (in %), 2021
Figure 9: Global: Revenue Cycle Management (Standalone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Revenue Cycle Management (Standalone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Revenue Cycle Management (Integrated) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Revenue Cycle Management (Integrated) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Revenue Cycle Management (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Revenue Cycle Management (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Revenue Cycle Management (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Revenue Cycle Management (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Revenue Cycle Management (Web-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Revenue Cycle Management (Web-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Revenue Cycle Management (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Revenue Cycle Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Revenue Cycle Management (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Revenue Cycle Management (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Revenue Cycle Management (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Revenue Cycle Management (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Revenue Cycle Management (Physicians) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Revenue Cycle Management (Physicians) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Revenue Cycle Management (Diagnostic and Ambulatory Care Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Revenue Cycle Management (Diagnostic and Ambulatory Care Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Revenue Cycle Management Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Revenue Cycle Management Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Revenue Cycle Management Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Revenue Cycle Management Industry: SWOT Analysis
Figure 79: Global: Revenue Cycle Management Industry: Value Chain Analysis
Figure 80: Global: Revenue Cycle Management Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Revenue Cycle Management Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Revenue Cycle Management Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Revenue Cycle Management Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Revenue Cycle Management Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 5: Global: Revenue Cycle Management Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Revenue Cycle Management Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Revenue Cycle Management Market: Competitive Structure
Table 8: Global: Revenue Cycle Management Market: Key Players