Healthcare Revenue Cycle Management (RCM) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

Healthcare Revenue Cycle Management Market size exceeded USD 98.3 billion in 2020 and is anticipated to grow at a CAGR of over 12% from 2022 to 2028. 

Healthcare Revenue Cycle Management is a financial process facility used to manage administrative and clinical functions related to claim processing, payment, and revenue generation. This process consists of identifying, managing, and collecting patient service revenue. Financial processes are important to ensure that health care organizations continue to operate to treat patients. Facilities use healthcare revenue cycle management to collect revenue and keep up with costs. Healthcare revenue cycle management begins when a patient makes an appointment for medical care. The process ends when the organization collects all claims and patient payments. However, the life of a patient account is not as simple as you might think.

Market Segments

By Type

• Integrated Software
• Standalone Software

By Component

• Software
• Services

By Function

• Claims & Denial Management 
• Medical Coding & Billing
• Eligibility Verification
• Payment Remittance

Key Players

• General Electric Company (U.S.)
• Epic Systems (U.S.)
• Cerner Corporation (U.S.)
• McKesson Corporation (U.S.)
• Quest Diagnostics (U.S.)
• Allscripts (U.S.)
• Siemens Healthcare (Germany)

Scope of the Report

The research study analyzes the global Healthcare Revenue Cycle Management (RCM) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Healthcare Revenue Cycle Management (RCM) Market Report

1. What was the Healthcare Revenue Cycle Management (RCM) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Healthcare Revenue Cycle Management (RCM) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Healthcare Revenue Cycle Management (RCM) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.