U.S. Healthcare Revenue Cycle Management Market to hit $38bn by 2024
Get more details @ http://bit.ly/2p46qDz Some of the notable industry players operating in healthcare revenue cycle management market include Allscripts Healthcare Solutions, Athenahealth, CareCloud, Cerner, Experian, GE Healthcare, McKesson, Quest Diagnostics, and Siemens Healthcare among others.
Get more details @ http://bit.ly/2p46qDz
Some of the notable industry players operating in healthcare revenue cycle management market include Allscripts Healthcare Solutions, Athenahealth, CareCloud, Cerner, Experian, GE Healthcare, McKesson, Quest Diagnostics, and Siemens Healthcare among others.
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Global <strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Market</strong> <strong>to</strong> reach<br />
$100bn <strong>by</strong> <strong>2024</strong>: Frac<strong>to</strong>via.org<br />
The research report “<strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Market</strong> Size By<br />
Product (Integrated, Standalone), By Deployment (On-Premise, Cloud Based),<br />
By Component (Services, Software), By End User (Hospitals, Physicians,<br />
Diagnostic & Ambula<strong>to</strong>ry Care Centers), Industry Analysis Report, Regional<br />
Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan,<br />
Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Competitive<br />
<strong>Market</strong> Share & Forecast, 2016 - <strong>2024</strong>” <strong>by</strong> Global <strong>Market</strong> Insights, Inc. says<br />
<strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Market</strong> size is set <strong>to</strong> register a CAGR of 11%<br />
over the period of 2016-<strong>2024</strong>.<br />
<strong>Healthcare</strong> revenue cycle management market size is poised <strong>to</strong> witness a remarkable<br />
growth over the coming seven years. HRCM is recognized as the most important entity<br />
in the healthcare technology infrastructure. <strong>Revenue</strong> cycle management is a vital part<br />
of any business wherein the organization favors outsourcing of financial accounts. In<br />
this case, HRCM solutions can prove helpful <strong>to</strong> save both time and money, which in<br />
turn is augmenting healthcare revenue cycle management industry. HRCM systems<br />
provide integrated solutions <strong>to</strong> eliminate the billing errors and complex medical coding,<br />
which will significantly boost global industry trends.<br />
The convergence of healthcare sec<strong>to</strong>r with cloud-based systems has come up <strong>to</strong> be a<br />
perfect combination in providing effective management. Cloud-based solutions held<br />
over 75% of the overall industry share and is foreseen <strong>to</strong> surpass USD 80 billion <strong>by</strong><br />
<strong>2024</strong>. In comparison <strong>to</strong> on premise systems, the cloud-based systems are less<br />
expensive, as they eliminate the IT hardware and IT support staff costs.<br />
In 2015, services dominated the component segment of healthcare revenue cycle<br />
management market <strong>by</strong> covering more than 63% of the global revenue contribution<br />
and is likely <strong>to</strong> generate a revenue of USD 70 billion <strong>by</strong> <strong>2024</strong>. Periodic upgradation in<br />
software components will also contribute substantially <strong>to</strong>ward the industry growth over<br />
the coming timeframe.<br />
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Germany <strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Market</strong> Size, By<br />
Component, 2012-<strong>2024</strong> (USD Bn)<br />
Browse key industry insights spread across 110 pages with 104 market data tables &<br />
9 figures & charts from this 2017 report <strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong><br />
<strong>Market</strong> in detail along with the table of contents at:<br />
https://www.frac<strong>to</strong>via.org/news/industry-research-report/healthcare-revenue-cyclemanagement-market<br />
Standalone and integrated are the two prominent products of healthcare revenue cycle<br />
management market. Integrated products led the industry share <strong>by</strong> accounting for 85%<br />
of the <strong>to</strong>tal volume in 2015 and are liable <strong>to</strong> register noticeable growth rate, owing <strong>to</strong><br />
the growing preference for integrated products <strong>by</strong> most of the physicians. Convenient<br />
payment mode options and health care reimbursements <strong>by</strong> the government will spur<br />
healthcare revenue cycle management industry.<br />
Considering the end-use industry, healthcare revenue cycle management industry is<br />
mainly divided in<strong>to</strong> physicians, hospitals, and diagnostic & ambula<strong>to</strong>ry care centers.<br />
Physicians covered over 40% of the global revenue share in 2015 and is poised <strong>to</strong><br />
grow at an annual rate of 12.3% over the period of 2016 <strong>to</strong> <strong>2024</strong>. Fast and smooth<br />
billing processes are likely <strong>to</strong> help physicians focus on quality service and care.<br />
Key players accumulating major healthcare revenue cycle management industry<br />
share include CareCloud, Cerner, Athenahealth, GE <strong>Healthcare</strong>, Allscripts, Experian,<br />
Siemens, McKesson, and Quest Diagnostics.<br />
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The key geographical insights are as mentioned below:<br />
Region<br />
U.S.<br />
Japan<br />
China<br />
<strong>Revenue</strong> forecast over <strong>by</strong><br />
<strong>2024</strong><br />
> USD 38 billion<br />
> USD 6 billion<br />
> USD 5 billion<br />
Drivers<br />
Favorable government norms that will<br />
transform US healthcare systems <strong>to</strong> uplift the<br />
healthcare revenue cycle management industry.<br />
Increasing deployment of cloud-based systems<br />
<strong>by</strong> the medical fraternity <strong>to</strong> propel healthcare<br />
revenue cycle management market growth.<br />
Rising health insurance demand due <strong>to</strong> growing<br />
prevalence of chronic diseases and rising<br />
geriatric population <strong>to</strong> boost the regional<br />
growth<br />
Table of Content of <strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> <strong>Market</strong>:<br />
Chapter 1.<br />
Methodology and Scope<br />
1.1. Methodology<br />
1.1.1. Initial data exploration<br />
1.1.2. Statistical model and forecast<br />
1.1.3. Industry insights and validation<br />
1.1.4. Scope & assumptions<br />
1.2. Data Sources<br />
1.2.1. Primary<br />
1.2.2. Secondary<br />
Chapter 2.<br />
Executive Summary<br />
2.1. <strong>Healthcare</strong> revenue cycle management industry 360 0 synopsis, 2012 -<br />
<strong>2024</strong><br />
2.1.1. Business trends<br />
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2.1.2. Product trends<br />
2.1.3. Deployment trends<br />
2.1.4. End User trends<br />
2.1.5. Regional trends<br />
Chapter 3.<br />
<strong>Healthcare</strong> <strong>Revenue</strong> <strong>Cycle</strong> <strong>Management</strong> Industry Insights<br />
3.1. Industry segmentation<br />
3.2. Industry size and forecast, 2012 - <strong>2024</strong><br />
3.3. Industry impact forces<br />
3.3.1. Growth drivers<br />
3.3.1.1. Increasing healthcare expenditure<br />
3.3.1.2. Increasing demand for health insurance<br />
3.3.1.3. Big data analytics<br />
3.3.1.4. Technological advancements<br />
3.3.2. Industry pitfalls & challenges<br />
3.3.2.1. Frequent changes in healthcare regula<strong>to</strong>ry compliance<br />
3.3.2.2. Limited accessibility <strong>to</strong> patient data<br />
3.3.2.3. Lack of trained professionals<br />
3.4. Growth potential analysis<br />
3.5. Regula<strong>to</strong>ry landscape<br />
3.5.1. U.S.<br />
3.5.2. Europe<br />
3.6. Technology landscape<br />
3.7. Porter’s analysis<br />
3.8. Competitive landscape, 2015<br />
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3.9. PESTEL analysis<br />
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