Global Revenue Cycle Management System Market is Estimated to Grow at a CAGR of 6.9%

Date: 2015-07-22

The global revenue cycle management system (RCM) market is estimated to grow at a CAGR of 6.9% from 2014 to 2019. North America holds the highest market share of 52.6% in 2014, followed by Europe. The global revenue cycle management system (RCM) market holds a high growth potential owing to a number of factors favoring this market. The consolidation of healthcare providers, initiative taken by governmental bodies for implementing RCM solutions, and decrease in reimbursements are significant factors driving this market. However, limited investments in healthcare IT, fragmented end-user market, and high costs, act as major market inhibitors. 

In this report, the revenue cycle management system market is segmented on the basis of type, deployment, component, applications, end-user, and geography. With respect to type, the market is categorized into integrated RCM systems and standalone RCM systems. On the basis of deployment, the market is classified into on-premise, web-based, and cloud-based. The revenue cycle management system market by component comprises hardware, software, and services. Major applications of this market are biller鈥檚 dashboard, claims attachment rules, claims remittance updates, direct payer claims, EMR documentation for claims, eligibility transaction with payer, and medical necessity alert at registration among others. End-users of this market include academics, ambulatory care solutions, hospitals, medical and diagnostic laboratories, and office based physicians.

Geographically the market is sub-divided into four main regions, such as North America, Europe, Asia, and rest of the world. 
The report has profiled leading players of this market, along with developments (new product launches and partnerships, agreements, collaborations, and joint ventures) done by the companies over the past few years, and strategies adopted by them to sustain and strengthen their position in the global revenue cycle management system (RCM) market. Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc.  (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks, Inc. (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare (Germany), and Kareo, Inc. (U.S.) are some of the key players operating in this market.


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