SDKI Inc. published a new report on the Revenue Cycle Management (RCM) Market-Forecast 2022-2031 on January 25, 2022. This study includes the statistical and analytical approaches needed to grow the Revenue Cycle Management (RCM) market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.
The revenue cycle management (RCM) market is estimated to grow from a market value of US $ 78.59 billion in 2022 to US $ 189.10 billion by 2031, with a CAGR of 11.6% during the 2022-2031 forecast period. It has been.
https://www.sdki.jp/press-details/revenue-cycle-management-rcm-market/631
Revenue cycle management includes medical billing, appointment scheduling, patient enrollment tracking, Software used for medical activities such as tracking final payments. The main purpose of implementing this system in healthcare institutions is to develop effective policies and processes that enable organizations to remain financially sound. The RCM system combines the clinical and business parts of the medical sector. Therefore, it combines management data such as insurance company details and patient names with treatment types.
Favorable government policies play an important role in driving demand for revenue cycle management. The Affordable Care Act (ACA), which is in force in the United States, focuses on expanding the coverage of personal health insurance. The law aims to improve the quality of medical services and reduce the cost of care. Expanding insurance coverage is expected to increase the number of refunds and denials that need to be managed through RCM. In addition, increasing medical costs will increase the number of medical facilities. Therefore, there is a growing demand for solutions such as revenue cycle management systems for managing healthcare services.
However, the lack of skilled professionals who can effectively manage this system can curb the growth of the revenue cycle management (RCM) market.
Revenue Cycle Management (RCM) Market Segment
The Revenue Cycle Management (RCM) market is by type (integrated and stand-alone), product type (software and services), delivery mode (on-premises, web-based, cloud-based), end-use (diagnostic laboratory, doctor's office). Etc.), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Regional Overview of the Revenue Cycle Management (RCM) Market
https://www.sdki.jp/press-details/revenue-cycle-management-rcm-market/631
Revenue cycle management includes medical billing, appointment scheduling, patient enrollment tracking, Software used for medical activities such as tracking final payments. The main purpose of implementing this system in healthcare institutions is to develop effective policies and processes that enable organizations to remain financially sound. The RCM system combines the clinical and business parts of the medical sector. Therefore, it combines management data such as insurance company details and patient names with treatment types.
Favorable government policies play an important role in driving demand for revenue cycle management. The Affordable Care Act (ACA), which is in force in the United States, focuses on expanding the coverage of personal health insurance. The law aims to improve the quality of medical services and reduce the cost of care. Expanding insurance coverage is expected to increase the number of refunds and denials that need to be managed through RCM. In addition, increasing medical costs will increase the number of medical facilities. Therefore, there is a growing demand for solutions such as revenue cycle management systems for managing healthcare services.
However, the lack of skilled professionals who can effectively manage this system can curb the growth of the revenue cycle management (RCM) market.
Revenue Cycle Management (RCM) Market Segment
The Revenue Cycle Management (RCM) market is by type (integrated and stand-alone), product type (software and services), delivery mode (on-premises, web-based, cloud-based), end-use (diagnostic laboratory, doctor's office). Etc.), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Regional Overview of the Revenue Cycle Management (RCM) Market
The Revenue Cycle Management (RCM) market is further subdivided based on region and is evaluated for market growth in each country. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.
Overall, North America and Europe have the largest share of the global revenue cycle management (RCM) market. In 2019, these regions generated US $ 18.3 billion. This is due to the high adoption of revenue cycle management services in the country of residence. In addition, federal agency support policies such as Medicare and the Medicaid EHR Incentive Program for the implementation of RCM systems are also contributing to the growth of the region's Revenue Cycle Management (RCM) market. Meanwhile, the Asia Pacific Revenue Cycle Management (RCM) market is growing at the highest CAGR during the forecast period.
A key player in the revenue cycle management (RCM) market
Key players in the revenue cycle management (RCM) market include Cerner Corporation, NextGen Healthcare, EPIC Systems, eClinicalWorks and Quest Diagnostics. This study includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the Revenue Cycle Management (RCM) market.
Sample URL for the report
https://www.sdki.jp/sample-request-53281
SDKI Inc. Company Profile
SDKI Inc.'s goal is to market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. SDKI has gained trust and a customer base in more than 30 countries and is further focused on expanding its foothold in other pristine economies.
Overall, North America and Europe have the largest share of the global revenue cycle management (RCM) market. In 2019, these regions generated US $ 18.3 billion. This is due to the high adoption of revenue cycle management services in the country of residence. In addition, federal agency support policies such as Medicare and the Medicaid EHR Incentive Program for the implementation of RCM systems are also contributing to the growth of the region's Revenue Cycle Management (RCM) market. Meanwhile, the Asia Pacific Revenue Cycle Management (RCM) market is growing at the highest CAGR during the forecast period.
A key player in the revenue cycle management (RCM) market
Key players in the revenue cycle management (RCM) market include Cerner Corporation, NextGen Healthcare, EPIC Systems, eClinicalWorks and Quest Diagnostics. This study includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the Revenue Cycle Management (RCM) market.
Sample URL for the report
https://www.sdki.jp/sample-request-53281
SDKI Inc. Company Profile
SDKI Inc.'s goal is to market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. SDKI has gained trust and a customer base in more than 30 countries and is further focused on expanding its foothold in other pristine economies.
