Healthcare revenue cycle management market to register commendable proceeds during 2020–2025
Category: #headlines  By Ronak Bora  Date: 2020-07-13
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Healthcare revenue cycle management market to register commendable proceeds during 2020–2025

According to the latest research report, the global healthcare revenue cycle management market is expected to record 12.3% CAGR during the forecast period 2019-2025.

Driven by rising healthcare expenditure and fast paced technological advancements in the medical fraternity, healthcare revenue cycle management market is expected to witness massive gains through 2025. Worldwide HRCM market share is projected to surpass USD 110 billion by 2025.

With the increasing hospital admissions, there has been a rising need for efficient data management to ensure accurate revenue management. This in turn has led to high adoption of software systems to manage vast amount of healthcare data. The integrated software manages billing data through the patient’s admission process till his recovery making it an efficient and accurate approach towards healthcare revenue data management.

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In fact, the worldwide HRCM market is forecast to derive major gains from the hospital segment. The market valuation from this segment stood at USD 16 billion in 2018. Software upgradation, government support, and rising demand to efficiently handle clinical and financial data will drive the industry trends.

Japan is slated to be one of the major regions where demand for HRCM will surge rapidly from the hospital segment. The presence of large geriatric patient base and the consequently higher rate of hospital admissions will influence the regional healthcare revenue cycle management market outlook. As per the research study, Japan HRCM market share is poised to witness a y-o-y growth rate of 14% over 2019-2025.

Speaking of the product landscape, industry experts forecast integrated revenue cycle management to witness considerable demand in the coming years. In terms of revenue, integrated revenue cycle management market share is expected to grow at a CAGR of 12% over 2019-2025.The approach is widely being used by healthcare professional to facilitate billing and coding processes.

It is prudent to mention that medical billing and coding is deemed to be one of the major functions of HRCM. In fact, HRCM market share for medical and billing processes was valued at USD 11 billion in 2018. The segment is further projected to witness substantial gains through 2025.

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Speaking of the competitive landscape, some of the key players in HRCM market include Allscripts Healthcare Solutions, Athenahealth, AGS Health, Cognizant Technology Solutions, Accretive Health, Cerner, Conifer Health Solutions, CareCloud, Dell, and Emdeon. M&As, product innovations, and collaborations & partnerships to enhance the technological portfolio are some of the major strategies slated to underline the industry terrain through 2025.

Partial Chapter of the Table of Content

Chapter 2.  Executive Summary

2.1. Healthcare revenue cycle management industry 3600 synopsis, 2014 - 2025

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Function trends

2.1.4.  Deployment trends

2.1.5.  End-use trends

2.1.6.  Regional trends

Chapter 3.    Healthcare Revenue Cycle Management Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Increasing healthcare expenditure in developed as well as developing economies

3.3.1.2.  Growing demand for health insurance in North America

3.3.1.3.  High preference for big data analytics

3.3.1.4.  Technological advancements in HRM solutions

3.3.2.  Industry pitfalls and challenges

3.3.2.1.  Intellectual property rights issues

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By function

3.4.3.  By deployment

3.4.4.  By end-use

3.5. Regulatory landscape

3.6. Porter’s analysis

3.7. Competitive landscape, 2018

3.7.1.   Strategy dashboard

3.8. PESTEL analysis

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/healthcare-revenue-cycle-management-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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