Product Code: 1170
Healthcare Revenue Cycle Management Market is estimated to demonstrate massive growth between 2023 and 2032. The healthcare revenue cycle management platform allows providers to efficiently manage vast amounts of data and significantly reduce the operational costs. The constant advancements in powerful data analytics software and its integration into revenue cycle management is further projected to spur its adoption, thereby bolstering the industry progression.
The recent advancements in integrated and standalone software for managing patient data will increase the need for trained and skilled staff to process and maintain accurate records. However, lack of qualified and trained professionals may hamper market expansion in the foreseeable future.
Nevertheless, ongoing technological developments in HRCM solutions for effective data management are anticipated to positively influence the industry outlook over the foreseeable time.
Overall, the healthcare revenue cycle management market is segmented in terms of product, function, deployment, end-use, and region.
Considering the product, the standalone systems segment is estimated to witness notable growth in the coming years. The growth can be attributed to the rising preference for standalone HRCM solutions amongst healthcare providers as it offers more in-depth reporting capabilities and advanced functions. In addition, standalone systems help streamline the process flow and possess a significant operational efficiency, which is further estimated to propel their adoption in the future.
Based on function, the eligibility verification segment is slated to grow exponentially through 2032. HRCM solutions for eligibility verification play a vital role in the RCM process. Billing errors, delayed payments, and non-payments are some of the critical issues that an eligibility verification process can solve, which is slated to act as a crucial factor driving the expansion in the coming years.
On the basis of deployment, the on-premises segment is estimated to grow considerably over the span of ten years. Several technological advancements and better control offered by the hospital management systems that are located in-house will provide numerous growth opportunities to the segment growth in the future.
Based on end-use, the hospital segment contributed over USD 52 billion in revenue in 2022 and is slated to grow considerably through 2032. The growth can be attributed to the rising adoption of HRCM software across these healthcare settings. In addition, optimized workflow, streamlined processes, enhanced patient experience, better claim scrubbing, and faster collection process are some key benefits that will spur the product demand across hospitals.
Regionally, the Asia Pacific healthcare revenue cycle management market is anticipated to depict over 17.5% CAGR between 2023-2032. The growth can be attributed to the rising adoption of RCM systems in the region. In addition, several initiatives taken by the key market players and increased healthcare expenditure will support the regional market expansion over the analysis timeframe.
Table of Contents
Chapter 1 Methodology
- 1.1 Market definitions
- 1.2 Base estimates & working
- 1.3 Forecast parameters
- 1.4 Data validation
- 1.5 Data sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Unpaid sources
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Healthcare revenue cycle management market industry 360o synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Function trends
- 2.1.4 Deployment trends
- 2.1.5 End-use trends
- 2.1.6 Regional trends
Chapter 3 Healthcare Revenue Cycle Management Industry Insights
- 3.1 Vendor matrix
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing healthcare expenditure in developed as well as developing economies
- 3.2.1.2 Growing demand for health insurance in North America
- 3.2.1.3 High preference for big data analytics
- 3.2.1.4 Technological advancements in HRCM solutions
- 3.2.1.5 Progress in healthcare industry
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Frequent changes in healthcare regulatory compliance
- 3.2.2.2 Lack of trained professionals
- 3.3 Growth potential analysis
- 3.3.1 By product
- 3.3.2 By function
- 3.3.3 By deployment
- 3.3.4 By end-use
- 3.4 COVID-19 impact analysis
- 3.5 Porter's analysis
- 3.5.1 Industry rivalry
- 3.5.2 Buyer power
- 3.5.3 Supplier power
- 3.5.4 Threat of substitutes
- 3.5.5 Threat of new entrants
- 3.6 PESTEL analysis
- 3.6.1 Political
- 3.6.2 Economical
- 3.6.3 Social
- 3.6.4 Technological
- 3.6.5 Environmental
- 3.6.6 Legal
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Competitive analysis of major market players
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Healthcare Revenue Cycle Management Market, By Product
- 5.1 Key product trends
- 5.2 Integrated
- 5.2.1 Market size, by region, 2018 - 2032 (USD Million)
- 5.3 Standalone
- 5.3.1 Market size, by region, 2018 - 2032 (USD Million)
Chapter 6 Healthcare Revenue Cycle Management Market, By Function
- 6.1 Key function trends
- 6.2 Claims & denial management
- 6.2.1 Market size, by region, 2018 - 2032 (USD Million)
- 6.3 Medical coding & billing
- 6.3.1 Market size, by region, 2018 - 2032 (USD Million)
- 6.4 Eligibility verification
- 6.4.1 Market size, by region, 2018 - 2032 (USD Million)
- 6.5 Payment remittance
- 6.5.1 Market size, by region, 2018 - 2032 (USD Million)
- 6.6 Others
- 6.6.1 Market size, by region, 2018 - 2032 (USD Million)
Chapter 7 Healthcare Revenue Cycle Management Market, By Deployment
- 7.1 Key deployment trends
- 7.2 On premise
- 7.2.1 Market size, by region, 2018 - 2032 (USD Million)
- 7.3 Cloud based
- 7.3.1 Market size, by region, 2018 - 2032 (USD Million)
Chapter 8 Healthcare Revenue Cycle Management Market, By End-use
- 8.1 Key end-use trends
- 8.2 Hospitals
- 8.2.1 Market size, by region, 2018 - 2032 (USD Million)
- 8.3 Physician office
- 8.3.1 Market size, by region, 2018 - 2032 (USD Million)
- 8.4 Diagnostic labs and ambulatory surgical centers
- 8.4.1 Market size, by region, 2018 - 2032 (USD Million)
- 8.5 Others
- 8.5.1 Market size, by region, 2018 - 2032 (USD Million)
Chapter 9 Healthcare Revenue Cycle Management Market, By Region
- 9.1 Key regional trends
- 9.2 North America
- 9.2.1 Market size, by country, 2018 - 2032 (USD Million)
- 9.2.2 Market size, by product, 2018 - 2032 (USD Million)
- 9.2.3 Market size, by function, 2018 - 2032 (USD Million)
- 9.2.4 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.2.5 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.2.6 U.S.
- 9.2.6.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.2.6.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.2.6.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.2.6.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.2.7 Canada
- 9.2.7.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.2.7.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.2.7.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.2.7.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3 Europe
- 9.3.1 Market size, by country, 2018 - 2032 (USD Million)
- 9.3.2 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.3 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.4 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.5 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.6 UK
- 9.3.6.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.6.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.6.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.6.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.7 Germany
- 9.3.7.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.7.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.7.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.7.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.8 France
- 9.3.8.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.8.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.8.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.8.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.9 Spain
- 9.3.9.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.9.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.9.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.9.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.10 Italy
- 9.3.10.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.10.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.10.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.10.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.3.11 Russia
- 9.3.11.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.3.11.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.3.11.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.3.11.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4 Asia Pacific
- 9.4.1 Market size, by country, 2018 - 2032 (USD Million)
- 9.4.2 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.3 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.4 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.5 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4.6 China
- 9.4.6.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.6.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.6.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.6.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4.7 India
- 9.4.7.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.7.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.7.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.7.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4.8 Japan
- 9.4.8.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.8.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.8.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.8.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4.9 South Korea
- 9.4.9.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.9.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.9.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.9.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.4.10 Australia
- 9.4.10.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.4.10.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.4.10.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.4.10.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.5 Latin America
- 9.5.1 Market size, by country, 2018 - 2032 (USD Million)
- 9.5.2 Market size, by product, 2018 - 2032 (USD Million)
- 9.5.3 Market size, by function, 2018 - 2032 (USD Million)
- 9.5.4 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.5.5 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.5.6 Brazil
- 9.5.6.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.5.6.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.5.6.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.5.6.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.5.7 Mexico
- 9.5.7.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.5.7.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.5.7.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.5.7.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.5.8 Argentina
- 9.5.8.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.5.8.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.5.8.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.5.8.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.6 Middle East & Africa
- 9.6.1 Market size, by country, 2018 - 2032 (USD Million)
- 9.6.2 Market size, by product, 2018 - 2032 (USD Million)
- 9.6.3 Market size, by function, 2018 - 2032 (USD Million)
- 9.6.4 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.6.5 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.6.6 South Africa
- 9.6.6.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.6.6.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.6.6.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.6.6.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.6.7 Saudi Arabia
- 9.6.7.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.6.7.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.6.7.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.6.7.4 Market size, by end-use, 2018 - 2032 (USD Million)
- 9.6.8 UAE
- 9.6.8.1 Market size, by product, 2018 - 2032 (USD Million)
- 9.6.8.2 Market size, by function, 2018 - 2032 (USD Million)
- 9.6.8.3 Market size, by deployment, 2018 - 2032 (USD Million)
- 9.6.8.4 Market size, by end-use, 2018 - 2032 (USD Million)
Chapter 10 Company Profiles
- 10.1 R1 RCM, Inc.
- 10.1.1 Business overview
- 10.1.2 Financial data
- 10.1.3 Product landscape
- 10.1.4 Strategic outlook
- 10.1.5 SWOT analysis
- 10.2 AGS Health Inc.
- 10.2.1 Business overview
- 10.2.2 Financial data
- 10.2.3 Product landscape
- 10.2.4 Strategic outlook
- 10.2.5 SWOT analysis
- 10.3 Allscripts Healthcare, LLC
- 10.3.1 Business overview
- 10.3.2 Financial data
- 10.3.3 Product landscape
- 10.3.4 Strategic outlook
- 10.3.5 SWOT analysis
- 10.4 Athenahealth
- 10.4.1 Business overview
- 10.4.2 Financial data
- 10.4.3 Product landscape
- 10.4.4 Strategic outlook
- 10.4.5 SWOT analysis
- 10.5 CareCloud, Inc.
- 10.5.1 Business overview
- 10.5.2 Financial data
- 10.5.3 Product landscape
- 10.5.4 Strategic outlook
- 10.5.5 SWOT analysis
- 10.6 Cerner Corporation
- 10.6.1 Business overview
- 10.6.2 Financial data
- 10.6.3 Product landscape
- 10.6.4 Strategic outlook
- 10.6.5 SWOT analysis
- 10.7 Conifer Health Solutions, LLC.
- 10.7.1 Business overview
- 10.7.2 Financial data
- 10.7.3 Product landscape
- 10.7.4 Strategic outlook
- 10.7.5 SWOT analysis
- 10.8 Change Healthcare
- 10.8.1 Business overview
- 10.8.2 Financial data
- 10.8.3 Product landscape
- 10.8.4 Strategic outlook
- 10.8.5 SWOT analysis
- 10.9 Experian Information Solutions, Inc.
- 10.9.1 Business overview
- 10.9.2 Financial data
- 10.9.3 Product landscape
- 10.9.4 Strategic outlook
- 10.9.5 SWOT analysis
- 10.10 Formativ Health
- 10.10.1 Business overview
- 10.10.2 Financial data
- 10.10.3 Product landscape
- 10.10.4 Strategic outlook
- 10.10.5 SWOT analysis
- 10.11 Cognizant
- 10.11.1 Business overview
- 10.11.2 Financial data
- 10.11.3 Product landscape
- 10.11.4 Strategic outlook
- 10.11.5 SWOT analysis
- 10.12 Dell Technologies
- 10.12.1 Business overview
- 10.12.2 Financial data
- 10.12.3 Product landscape
- 10.12.4 Strategic outlook
- 10.12.5 SWOT analysis
- 10.13 McKesson Corporation
- 10.13.1 Business overview
- 10.13.2 Financial data
- 10.13.3 Product landscape
- 10.13.4 Strategic outlook
- 10.13.5 SWOT analysis
- 10.14 Medical Information Technology, Inc.
- 10.14.1 Business overview
- 10.14.2 Financial data
- 10.14.3 Product landscape
- 10.14.4 Strategic outlook
- 10.14.5 SWOT analysis
- 10.15 Optum (The Advisory Board Company)
- 10.15.1 Business overview
- 10.15.2 Financial data
- 10.15.3 Product landscape
- 10.15.4 Strategic outlook
- 10.15.5 SWOT analysis
- 10.16 SSI group
- 10.16.1 Business overview
- 10.16.2 Financial data
- 10.16.3 Product landscape
- 10.16.4 Strategic outlook
- 10.16.5 SWOT analysis