RCM stands for the revenue cycle management, which is financial process that utilizes the medical billing software. The billing software assists in tracking the patient care episodes right from the registration to the final bill payment. According to the Healthcare Financial Management Association revenue cycle consists of the all the administrative and clinical utilities that contribute to the capture, management and collection of patient service revenue.
MARKET SCOPE
The "Global Healthcare Revenues Cycle Management Market Analysis to 2028" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare revenues cycle management market with detailed market segmentation by product, function, deployment, end user, and geography. The report provides key statistics on the market status of the leading healthcare revenues cycle management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on product, the global healthcare revenues cycle management market is segmented into integrated and standalone.
? On the basis of function, the market is segmented into Claims & Denial Management, Electronic Health Record (EHR), Patient Insurance Eligibility Verification, Clinical Documentation Improvement, Medical Coding & Billing and Others.
? Based on deployment, the market is segmented into web based, on premises & cloud based.
? Based on end user, the market is segmented into physicians, hospitals, laboratories, and other end users.
MARKET DYNAMICS
Drivers
? Rise in the increasing the development in the information technology
? Development in the healthcare facilities and services
Restraints
? High cost of software
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare revenues cycle management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare revenues cycle management market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE REVENUES CYCLE MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
MARKET PLAYERS
The report covers key developments in the healthcare revenues cycle management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare revenues cycle management market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare revenues cycle management in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare revenues cycle management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Cerner
? Quest Diagnostics
? Athenahealth
? Mckesson
? Allscript Healthcare Solutions
? GE Healthcare
? Conifer Health Solutions, LLC
? Gebbs Healthcare Solutions
? Epic Systems
? Experian
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.