Revenue Cycle Management Market 12.1% CAGR to 2022
RnRMarketResearch.com adds Revenue Cycle Management Market Report is forecast to reach
Browse 104 Market Data Tables and 31 Figures spread through 168 Pages and in-depth TOC on "Revenue Cycle Management Market by Product (Integrated Solutions, Standalone), Function (Claim & Denial, Medical Coding, Insurance Verification), Deployment (Web based, on premise, Cloud based), End User (Hospitals, Physicians, Lab) - Global Forecast to 2022" http://www.rnrmarketresearch.com/revenue-cycle-management-rcm-market-by-product-integrated-revenue-cycle-management-standalone-revenue-cycle-management-by-deployment-on-premise-web-based-cloud-based-by-component-hardware-market-report.html .
The key players in the global revenue cycle management market are McKesson (US), Cerner (US), Quest Diagnostics (US), Allscripts Health Solutions (US), and athenahealth (US).
By geography,
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On the basis of deployment, the revenue cycle management market is segmented into web-based, on-premise, and cloud-based solutions. The web-based market is expected to account for the largest share of the global revenue cycle management market in 2017. The cloud-based market, on the other hand, is expected to witness the highest CAGR during the forecast period. The growing need for accessing patient records from disparate information systems in real time and from remote locations is the major factor driving the growth of the cloud-based solutions segment.
The physicians segment is expected to account for the largest Revenue Cycle Management Market share in 2017. On the basis of end user, the market is broadly segmented into physicians, hospitals, laboratories, and other end users. The physicians segment is expected to account for the largest share of the global revenue cycle management market in 2017 and is projected to register the highest growth rate during the forecast period. The growing adoption of integrated practice management systems among physicians and the mandatory implementation of advanced RCM solutions are the key factors driving the growth of this segment.
Based on function, the claim and denial management segment is accounted for the largest share of the revenue cycle management market in 2017. However, the high pricing and costly maintenance of RCM solutions, scarcity of skilled IT professionals, and IT infrastructural constraints in developing markets are the major factors restraining the growth of this market.
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The revenue cycle management market in this report is segmented by product, deployment, function, end user, and region. The study tracks and analyzes competitive developments such as product launches, collaborations, agreements, partnerships, and acquisitions, and profiles key players and core competencies in the revenue cycle management market.
Break-up profile of primaries:
- By Company Type: Tier 1 - 45%, Tier 2 - 34% and Tier 3 - 21%
- By Designation: C-level - 10%, D-level - 14% and Others - 76%
- By Region:
North America - 40%,Europe - 32%,Asia-Pacific - 20%, and RoW - 8%
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