The Revenue Cycle Management Market size is forecast to exceed US$ 135.12 billion by 2027 and is expected to post a CAGR of close to 12.2% during the period of 2020 to 2027. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, and the overall market environment.
Growing demand for cloud-based revenue cycle management solutions paired with loss of revenue due to billing mistakes are emerged as major driving factors for the growth of revenue cycle managements (RCM) market in near future. Revenue cycle management is the backbone of the healthcare sector and operates at the well-designed core of a healthcare association ranging from small practice to huge hospital.
A recent study by Precedence Research on the Revenue Cycle Management market offers a 7-year forecast from 2020 to 2027. The study offers a comprehensive analysis of the current state of the global Revenue Cycle Management market, as well as projections for overall growth prospects and key factors in major regional markets.
The research report includes a detailed study of regions of North America, Europe, Asia Pacific, and Rest of the World. For these regions, primary variables such as production volume, price analysis, and gross margin analysis are provided. This research report presents the market status, import-export data, and consumption ratio for each region. The SWOT analysis, pricing structures, and gross margin are all analyzed by region.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. These analyses will help the reader to understand the potential worth of investment in a particular region.
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Revenue Cycle Management Market: Scope
A recent study by Precedence Research on the Revenue Cycle Management market offers a forecast for 2020 and 2027. The global Revenue Cycle Management market report covers the following areas:
- Revenue Cycle Management Market Size
- Revenue Cycle Management Market Share
- Revenue Cycle Management Market Growth
- Revenue Cycle Management Market Trends
- Revenue Cycle Management Market Industry Analysis
Market Sizing and Forecast
There has been a thoughtful approach for estimating the market size and forecast. The primary and secondary research conducted from both, supply and demand side has resulted in high accuracy of data. Logical explanation for the year over year and compound average growth makes it easy for the reader to know the largest revenue generating source and the future potential. The research methodology is a blend of secondary and primary research with more emphasis on the latter. Country level trends were tracked to implement bottom-up method of market size estimation.
Secondary research occupies approximately 25% of data sources, such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
Revenue Cycle Management Market: Key Players Analysis
The Revenue Cycle Management market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the significant players in the Revenue Cycle Management market include:
- Cerner Corporation
- McKesson Corporation
- Quest Diagnostics Incorporated
- Allscripts Healthcare Solutions
- The SSI Group Inc
- GE Healthcare
- Epic Systems
- Conifer Health Solutions
- Gebbs Healthcare Solutions
- Constellation Software
- Experian PLC
- NextGen Healthcare Information System LLC
This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Market Segmentation as below:
By End User
- Physician Offices
- Diagnostic Laboratories
- Others (Pharmacies, academic medical centers etc.)
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and among different ventures present globally.
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