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  • Revenue Cycle Management Market worth $160.08 billion by 2027

     



    (I-SoftwareNews.Com, January 18, 2020 ) The report "Revenue Cycle Management Market by Product (Integrated Solutions, Standalone), Function (Claim & Denial, Medical Coding, Insurance Verification), Deployment (Web based, On premise, Cloud based), End User (Hospitals, Physicians, Lab) - Global Forecast to 2027", is expected to reach USD 160.08 billion by 2027 from USD 66.81 billion in 2019, at a CAGR of 12.1%. Regulatory mandates for the adoption of EHR/EMR and government initiatives to boost the adoption of RCM solutions are the major factors driving the adoption of RCM solutions.

    Browse 104 market data Tables and 31 Figures spread through 168 Pages and in-depth TOC on "Revenue Cycle Management Market by Product (Integrated Solutions, Standalone), Function (Claim & Denial, Medical Coding, Insurance Verification), Deployment (Web based, On premise, Cloud based), End User (Hospitals, Physicians, Lab) - Global Forecast to 2027"

    View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/revenue-cycle-management-market-153900104.html

    Based on product, the integrated solutions segment is accounted for the largest share of the market in 2019
    On the basis of product, the market is broadly segmented into integrated and standalone solutions. The integrated solutions segment is expected to account for the largest share of the global revenue cycle management market in 2019 and is projected to register the highest CAGR during the forecast period. Growth in this segment can be attributed to the rising adoption of value-based payment systems and the growing demand for cost-saving data management solutions.

    Download PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153900104

    Based on function, the claim and denial management segment is accounted for the largest share of the market in 2019
    On the basis of function, the market is broadly segmented into claim and denial management, medical billing and coding, patient insurance eligibility check, payment remittance, electronic health record (EHR), clinical documentation improvement (CDI), and others. The claim and denial management segment is expected to account for the largest share of the global revenue cycle management market in 2019 and is expected to witness the highest CAGR during the forecast period. The growing demand for claims and denial management due to the dynamic reimbursement structure and the increasing instances of claim denials are the major factors driving the growth of this segment.

    North America is expected to dominate the market in 2019
    In 2019, North America is expected to account for the largest share of the global revenue cycle management market. The large share of this regional segment can be attributed to stringent legislative and accreditation requirements regarding healthcare, high adoption rate of HCIT technologies, and regulatory requirements regarding patient safety. Europe is expected to account for the second-largest share of the revenue cycle management market.

    Read More :- https://www.marketsandmarkets.com/PressReleases/revenue-cycle-management.asp

    The key players in the global revenue cycle management market are McKesson (US), Cerner (US), Quest Diagnostics (US), Allscripts Health Solutions (US), and athenahealth (US).

    Don’t miss out on business opportunities in Revenue Cycle Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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