Revenue cycle management (RCM) is used by healthcare providers to scale and manage the process of healthcare billing and reimbursements
Global Revenue Cycle Management (RCM) Market By Product Type (Integrated RCM, Standalone RCM), By Stage (Front Office, Mid Office, Back Office), By End User (Hospitals, General Physicians, Labs, Others), By Deployment (Web-based, On-premise, Cloud-based), By Component (Software, Services), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) –Industry Trends and Forecast to 2024”, is projected to reach USD 133.6 billion by 2024, from USD 51.6 billion in 2016, growing at a CAGR of 12.7% in the forecast period 2016 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The global revenue cycle management market has accounted to USD 51.6 billion in 2016, growing at a CAGR of 12.7% from 2017 to 2024, is expected to reach USD 133.6 billion by 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Revenue Cycle Management (RCM) Market – Market Segmentation:
The Revenue Cycle Management Market is segmented on the basis of product type, deployment, component, stage, end-user, and geography.
On the basis of product type, the Revenue Cycle Management Market is segmented into standalone and integrated RCM.
Based on deployment, the revenue cycle management market is segmented into web-based, on-premise, cloud-based.
On the basis of component the market is segmented into software, services.
Based on Stage the market is segmented into front office, mid office, back office.
Based on end-users, the revenue cycle management market is segmented into hospitals, laboratories, and physicians and others..
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Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa.
The geographical regions are further segmented into 29 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.
Some of the major players operating in this market are
- McKesson Corporation
- Cerner Corporation
- Quest Diagnostics
- Athena Health, Inc.
- CareCloud Corporation
- The SSI Groups, Inc.
- GE Healthcare
- Epic Systems
- Siemens Healthcare
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