Revenue Cycle Management Market By Type, By Component, By Deployment Mode, By End-User : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

Revenue cycle management is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.

The growing number of multiple data siloes and unorganized workflows in healthcare settings is paving a path for revenue cycle management market development and growth. Revenue cycle management s(RCM) is a combination of third-party payers, payment models, guidelines, and codes. A practice's existence depends upon obtaining the right assets. As precise payment for medical services becomes increasingly complex, it increases the value of obtaining an efficient RCM solution.

The supportive growth through regulatory compliance and the increase in healthcare spending are the driving factors for the growth of the revenue cycle management market. In addition, the rise in demand for cloud-based solutions has driven the expansion of the worldwide revenue cycle management market. However, high costs associated with RCM deployment and the scarcity of trained professionals are some of the factors that hamper the market growth. On the contrary, the market for revenue cycle management is witnessing regular technological advancements and the industry is constantly evolving. Various healthcare providers and payers are rapidly adopting these innovative and upgraded RCM solutions. For instance, R1 RCM Inc. launched R1 Professional in January 2020, an advanced RCM solution that is being widely used by large hospital-owned medical groups and other groups involved in independent practices.

The revenue cycle management market is segmented into type, component, deployment mode, end user, and region. By type, the market is differentiated into standalone and integrated. By component, the market is segmented into software and services. Depending on deployment mode, it is fragmented into cloud and on-premise. Depending on end user, it is segmented into hospitals, physicians, diagnostic laboratories, and others. Region wise, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.

The revenue cycle management market analysis includes top companies operating in the market such as Athenahealth, Inc., eClinicalWorks, Epic Systems Corporation, Experian Information Solutions, Inc., GeBBS Healthcare Solutions, GE HealthCare, McKesson Corporation, Oracle Cerner, Quest Diagnostics Incorporated, and Veradigm LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the accounting and budgeting software industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides in-depth analysis of the global revenue cycle management market along with current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global revenue cycle management market size are provided in the report.
The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global revenue cycle management market from 2021 to 2031 is provided to determine the market potential.

Key Market Segments

By End-User

Hospitals
Physicians
Diagnostic Laboratories
Others

By Deployment Mode

On-Premise
Cloud

By Type

Integrated
Standalone

By Component

Software
Services

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Quest Diagnostics Incorporated
Athenahealth, Inc.
GE HealthCare
Experian Information Solutions, Inc.
GeBBS Healthcare Solutions
Epic Systems Corporation
eClinicalWorks
McKesson Corporation
Oracle Cerner
Veradigm LLC

Product Code: A01852

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Favorable government regulations
  - 3.4.1.2. Increase in healthcare spending
  - 3.4.1.3. Rise in demand for cloud-based solutions

3.4.2. Restraints
- 3.4.2.1. High costs associated with RCM deployment
- 3.4.2.2. Scarcity of trained professionals

3.4.3. Opportunities
- 3.4.3.1. Rise in the market for outsourced RCM solutions

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: REVENUE CYCLE MANAGEMENT MARKET, BY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Integrated
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Standalone
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: REVENUE CYCLE MANAGEMENT MARKET, BY COMPONENT

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Software
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Services
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: REVENUE CYCLE MANAGEMENT MARKET, BY DEPLOYMENT MODE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. On-Premise
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Cloud
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: REVENUE CYCLE MANAGEMENT MARKET, BY END-USER

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Hospitals
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Physicians
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Diagnostic Laboratories
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Others
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country

CHAPTER 8: REVENUE CYCLE MANAGEMENT MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Component
- 8.2.4. Market size and forecast, by Deployment Mode
- 8.2.5. Market size and forecast, by End-User
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Type
  - 8.2.6.1.3. Market size and forecast, by Component
  - 8.2.6.1.4. Market size and forecast, by Deployment Mode
  - 8.2.6.1.5. Market size and forecast, by End-User
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Type
  - 8.2.6.2.3. Market size and forecast, by Component
  - 8.2.6.2.4. Market size and forecast, by Deployment Mode
  - 8.2.6.2.5. Market size and forecast, by End-User
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Component
- 8.3.4. Market size and forecast, by Deployment Mode
- 8.3.5. Market size and forecast, by End-User
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Type
  - 8.3.6.1.3. Market size and forecast, by Component
  - 8.3.6.1.4. Market size and forecast, by Deployment Mode
  - 8.3.6.1.5. Market size and forecast, by End-User
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Type
  - 8.3.6.2.3. Market size and forecast, by Component
  - 8.3.6.2.4. Market size and forecast, by Deployment Mode
  - 8.3.6.2.5. Market size and forecast, by End-User
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Type
  - 8.3.6.3.3. Market size and forecast, by Component
  - 8.3.6.3.4. Market size and forecast, by Deployment Mode
  - 8.3.6.3.5. Market size and forecast, by End-User
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Type
  - 8.3.6.4.3. Market size and forecast, by Component
  - 8.3.6.4.4. Market size and forecast, by Deployment Mode
  - 8.3.6.4.5. Market size and forecast, by End-User
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Type
  - 8.3.6.5.3. Market size and forecast, by Component
  - 8.3.6.5.4. Market size and forecast, by Deployment Mode
  - 8.3.6.5.5. Market size and forecast, by End-User
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Type
  - 8.3.6.6.3. Market size and forecast, by Component
  - 8.3.6.6.4. Market size and forecast, by Deployment Mode
  - 8.3.6.6.5. Market size and forecast, by End-User
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Component
- 8.4.4. Market size and forecast, by Deployment Mode
- 8.4.5. Market size and forecast, by End-User
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Type
  - 8.4.6.1.3. Market size and forecast, by Component
  - 8.4.6.1.4. Market size and forecast, by Deployment Mode
  - 8.4.6.1.5. Market size and forecast, by End-User
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Type
  - 8.4.6.2.3. Market size and forecast, by Component
  - 8.4.6.2.4. Market size and forecast, by Deployment Mode
  - 8.4.6.2.5. Market size and forecast, by End-User
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Type
  - 8.4.6.3.3. Market size and forecast, by Component
  - 8.4.6.3.4. Market size and forecast, by Deployment Mode
  - 8.4.6.3.5. Market size and forecast, by End-User
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Type
  - 8.4.6.4.3. Market size and forecast, by Component
  - 8.4.6.4.4. Market size and forecast, by Deployment Mode
  - 8.4.6.4.5. Market size and forecast, by End-User
  - 8.4.6.5. South Korea
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Type
  - 8.4.6.5.3. Market size and forecast, by Component
  - 8.4.6.5.4. Market size and forecast, by Deployment Mode
  - 8.4.6.5.5. Market size and forecast, by End-User
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Type
  - 8.4.6.6.3. Market size and forecast, by Component
  - 8.4.6.6.4. Market size and forecast, by Deployment Mode
  - 8.4.6.6.5. Market size and forecast, by End-User
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Component
- 8.5.4. Market size and forecast, by Deployment Mode
- 8.5.5. Market size and forecast, by End-User
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Type
  - 8.5.6.1.3. Market size and forecast, by Component
  - 8.5.6.1.4. Market size and forecast, by Deployment Mode
  - 8.5.6.1.5. Market size and forecast, by End-User
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Type
  - 8.5.6.2.3. Market size and forecast, by Component
  - 8.5.6.2.4. Market size and forecast, by Deployment Mode
  - 8.5.6.2.5. Market size and forecast, by End-User
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Type
  - 8.5.6.3.3. Market size and forecast, by Component
  - 8.5.6.3.4. Market size and forecast, by Deployment Mode
  - 8.5.6.3.5. Market size and forecast, by End-User

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1. Veradigm LLC
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
10.2. Athenahealth, Inc.
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Key strategic moves and developments
10.3. Oracle Cerner
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
10.4. eClinicalWorks
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
10.5. Epic Systems Corporation
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
10.6. Experian Information Solutions, Inc.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
10.7. GeBBS Healthcare Solutions
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Key strategic moves and developments
10.8. GE HealthCare
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
10.9. McKesson Corporation
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
10.10. Quest Diagnostics Incorporated
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance