PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1769081
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1769081
The global revenue cycle management market is projected to reach USD 105.35 billion by 2030 from USD 61.11 billion in 2025, at a CAGR of 11.5% during the forecast period. The RCM market continues to be heavily influenced by evolving coding regulations and classification standards. For instance, CMS implemented major FY 2025 ICD-10 updates, including 395 new codes, 252 deletions, and 13 revisions, effective October 1, 2024, across diagnoses and procedures. These frequent, large-scale updates are driving greater reliance on automated RCM platforms to manage coding complexity and maintain billing accuracy. However, a significant challenge persists in emerging regions, where there is a considerable shortage of trained HCIT personnel and financial limitations on upgrading legacy systems. This gap in skills and infrastructure may hinder the deployment of RCM solutions, which could slightly temper overall market growth.
Scope of the Report | |
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Years Considered for the Study | 2023-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | Offering, Solution Type, Delivery Mode, End User, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
"The outsourcing services segment is expected to be the fastest-growing segment in the revenue cycle management market during the forecast period."
Based on offering, the revenue cycle management market has been divided into product offerings and outsourcing services. Outsourcing services commanded the larger share of the revenue cycle management market in 2024. This segment's significant market share and rapid growth are primarily due to the demand for IT infrastructure and the shortage of skilled healthcare IT personnel. Additionally, the increasing volume of medical billing audits and compliance reporting has made it challenging for in-house teams to keep up, leading many providers to partner with specialized vendors. Outsourcing also assists healthcare organizations in managing seasonal fluctuations in billing volumes, such as during open enrollment or flu season. Moreover, service providers are now increasingly offering bundled revenue cycle management solutions that integrate coding, accounts receivable management, and analytics. This approach reduces operational fragmentation and provides comprehensive visibility into revenue processes.
"The back-end revenue cycle segment is estimated to hold the largest share of the revenue cycle management market in 2024."
Based on product, the revenue cycle management market is segmented into patient access solutions, mid-revenue cycle solutions, and back-end revenue cycle solutions. The back-end revenue cycle solutions segment is expected to hold the largest share in 2024 due to the growing complexity of payer reimbursement models and the increasing volume of denied claims requiring advanced resolution strategies. The increased use of automation in collections, payment posting, and appeals processing has led to greater adoption in this area. Furthermore, the incorporation of predictive analytics into accounts receivable management allows providers to prioritize high-risk accounts and expedite revenue generation.
"The Asia Pacific region is expected to register the highest growth rate in the revenue cycle management market during the forecast period."
The global revenue cycle management market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific is expected to register the highest growth during the forecast period. Several factors are driving the growth of revenue cycle management (RCM) systems in healthcare. The rapid digital transformation of hospital billing systems and increasing investments by private healthcare providers in cloud-based RCM tools are significant contributors. Additionally, government-led healthcare digitization programs, such as India's Ayushman Bharat Digital Mission, are promoting the adoption of RCM platforms. Furthermore, the emergence of regional RCM outsourcing hubs in countries like the Philippines and Malaysia also fuels market expansion.
Key Players
The prominent players in this market are Optum, Inc. (US), R1 RCM Inc. (US), Oracle (US), Medical Information Technology, Inc. (US), McKesson Corporation (US), Solventum (US), Experian Information Solutions, Inc. (Ireland), Conifer Health Solutions. (US), Veradigm LLC (US), eClinicalWorks (US), Cognizant (US), athenahealth, Inc. (US), The SSI Group, LLC (US), Huron Consulting Group Inc. (US), AdvancedMD, Inc. (US), GeBBS (US), Epic Systems Corporation (US), TruBridge (US), CareCloud, Inc. (US), MEDHOST (US), AdvantEdge Healthcare Solutions (US), FinThrive (US), Plutus Health (US), Omega Healthcare Management Services (India), and Vee Healthtek, Inc. (US). Players adopted organic as well as inorganic growth strategies such as product launches and enhancements, investments, partnerships, collaborations, joint ventures, funding, acquisitions, expansions, agreements, contracts, and alliances to increase their offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.
Research Coverage
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