Global Revenue Cycle Management/RCM Market report from Global Insight Services is the single authoritative source of intelligence on Revenue Cycle Management/RCM Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Revenue Cycle Management (RCM) is a term used to describe the process that a company uses to manage its income and expenses. The goal of RCM is to optimize the company’s cash flow and profitability. RCM begins with creating accurate invoices and ends with collecting payment from the customer. In between, there are many steps and tasks that must be completed in order for the process to run smoothly.
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Key Trends
There are several key trends in Revenue Cycle Management (RCM) technology. One is the move toward cloud-based solutions. This is in part due to the fact that cloud-based solutions are generally more cost-effective than on-premise solutions. They are also easier to implement and manage. Another key trend is the use of artificial intelligence (AI) and machine learning. These technologies are being used to automate various tasks in the RCM process, such as claims processing and denials management. AI and machine learning can help reduce the time and cost associated with these tasks.
Key Drivers
There are several key drivers of the Revenue Cycle Management (RCM) market. The first driver is the need for healthcare organizations to improve their financial performance. In order to do this, they need to optimize their revenue cycle management processes. This includes improving claims management, denial management, and collections. Another driver of the RCM market is the increasing complexity of the healthcare system. This complexity is due to the increasing number of payers, providers, and patients. This complexity makes it difficult for healthcare organizations to manage their revenue cycles effectively.
Market Segmentation
By Product
• Integrated
• Standalone RCM
By Deployment
• Web-Based
• Cloud-Based
• On-Premises
By End User
• Hospitals
• General Physicians
• Labs
• Others
By Region
- North America
- The U.S.
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Key Players
- Cerner Corporation
- Eclinicalworks
- LLC
- Epic Systems Corporation
- Gebbs Healthcare Solutions
- GE Healthcare
- Experian PLC
- Mckesson Corporation
- Quest Diagnostics Incorporated
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