Market research store

Revenue Cycle Management Market to register USD 124.20 Billion growth by 2022

According to the report, the global revenue cycle management market accounted for USD 23.40 billion in 2016 and is expected to reach around USD 43.80 billion by 2022, growing at a CAGR of around 11.0% between 2017 and 2022.

According to the report, the global revenue cycle management market accounted for USD 23.40 billion in 2016 and is expected to reach around USD 43.80 billion by 2022, growing at a CAGR of around 11.0% between 2017 and 2022.

Revenue cycle management in healthcare is a process of managing claim process, payment, and revenue generation. Revenue cycle management helps a medical practice to increase the revenue by proper claim management. The four player which involved in revenue cycle management of healthcare system includes patients, healthcare providers, billing company and insurance player.

Request For Free Sample Report: https://goo.gl/TxyF3E

Increasing awareness regarding revenue cycle management is one of the major driving factors for global revenue cycle management market. Furthermore, the need of improvement in health care organization coupled with increasing government initiatives for implementing RCM solutions are some other factors that are influencing the overall revenue cycle management market.However, the high cost of technology is a major restrain the growth of RCM market. Nonetheless, ongoing research and development and adoption of new and updated versions of RCM solution can create opportunities nearby future.

Based on product, RCM market is segmented into two types: integrated and standalone. An integrated management system integrates all of an organization’s systems and processes into one complete framework, which allows the organization to work as a single unit with unified objectives.

Inquiry more about this report: https://goo.gl/NYJvfz

Based on the component, RCM market is segmented into two types: service and software. The services segment accounted for the largest share of the market in 2016. This growth is attributed due to increasing reliability on maintenance of software. RCM software required yearly updating or annual subscription which considered as the major driving factor for the growth of the services segment in RCM market.

Based on deployment, the global revenue cycle management market is classified into three types: web-based, on-premises and cloud based system. Web-based system accounted for the largest market share in 2016. This growth is attributed due to the wide adoption of mobile support system in healthcare.

Based on end-user, the global revenue cycle management market is classified into four types: physician or consultant, hospital, medical and diagnostic laboratories and others. Physician segment expected to account for the largest share of the market in 2022. This growth is accredited due to increasing number of patients visiting physician or consultants. In addition, rising demand for healthcare insurance are the major factors contributing to the growth of this segment.

Browse the full report at: https://goo.gl/e8u53a

Based on geographies, the global revenue cycle management market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. These regions are further sub-segmented into the U.S., the U.K., Germany, France, China, Japan, India, and Brazil.  North America accounted for the largest share of the global revenue cycle management market, followed by Europe.This growth is attributed due to rising awareness related to health care in this region.Moreover, revenue cycle management market has a huge opportunity in the emerging markets of Asia-Pacific region due to the large pool of patient, development of advance healthcare infrastructure in this region.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global revenue cycle management market include Quest Diagnostics, Cerner Corporation, McKesson Corporation, Athenahealth Inc., Allscripts Healthcare Solutions Inc., eClinicalWorks LLC, CareCloud Corporation, The SSI Groups Inc., GE Healthcare, Epic Systems, and Siemens Healthcare.

About Us: Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: http://www.zionmarketresearch.com

Market research store

Boston, MA,
United States

Newsletter

Powered by PRNEWS.io