Views
11 months ago

Revenue Cycle Management Market

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

Revenue

Revenue Cycle Management Market 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.

Revenue Cycle Management Market 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.

Global IPTV Market to Expand at 18.01% CAGR till 2021
Compression Garments And Stockings Market Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)
Thermoformed Plastics Market
Global Plasticizer Market is Set for Rapid Growth, to Reach Around USD 19.82 Billion by 2020
Global Home Healthcare Market
Food Additives Market
Global Green Energy Market to Expand at 8.5% CAGR till 2020
Propionic Acid Market
Learning Management System Market, 2016 – 2022
Global Green Building Materials Market Is Anticipated To Hit USD 255 Billion by 2020
Global Home Automation Market
Beer Market, 2016 – 2022
Global Medical Waste Management Market will hit USD 16.72 Billion by 2022
Global Telecom API Market to grow at a rate of 22.0 % CAGR during 2015-2021
Global Air Compressors Market, 2016 – 2022
Global Ethyl benzene Market Will Grow at 4.2% CAGR from 2016 to 2021
Global Beer Market Expected to Reach USD 750.00 Billion Tons by 2022
Global Insulation Market to Reach 65.0 billion by 2020, Growing at CAGR of 8% by 2020
Global E-Waste Management Market will reach USD 58.0 Billion by 2021
E. Coli Testing Market Growing at a CAGR of 6.5% between 2016 and 2021
Latex Medical Disposables Market Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)
Global Smartwatches Market to Reach 21.09 billion by 2020, Growing at CAGR of 53.01% by 2020
Global Healthcare Information System Market, 2016 – 2021
Mobile Wallet Market, 2016 – 2022
Global Crop Protection Chemicals Market Rolling at 5.5% CAGR by 2020
Temperature Monitoring Devices Market
Global Home Healthcare Market, 2015 – 2021
Global Fish Oil Market will reach USD 2.93 Billion by 2020
Global Bio Seeds Market Is Anticipated To Hit USD 36.5 Billion by 2021
Global Kombucha Market, 2016 – 2022