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Revenue Cycle Management Market to Grow US$ 135.12 Billion by 2027

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The global Revenue Cycle Management market size is expected to surpass around US$ 135.12 billion by 2027 and the market is expected to garner growth at a CAGR of 12.2% over the forecast period 2021 to 2027.

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Growth Factors

The growth of revenue cycle management (RCM) market is mainly driven by government initiatives to support the adoption of RCM solutions paired with rising need of process improvements in healthcare sectors. In addition, growing complexity in revenue cycle, old technology, and limitations in staffing qualified employees is also predicted to propel the demand for revenue cycle management (RCM) market in years to come. On the contrary, high costs associated with revenue cycle management deployment and shortage of skilled IT professionals may limit the growth of market in years to come. Even so, increasing market for outsourced RCM solutions is expected to open up plenty of opportunities for market participant in near future.

Market Report Scope

Report Highlights Details
Market Size USD 135.12 Billion by 2027
Growth Rate CAGR of 12.2% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Revenue Cycle Management market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Revenue Cycle Management market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Revenue Cycle Management. The study also provides the dynamics that are responsible for influencing the future status of the Revenue Cycle Management market over the forecast period.

A detailed assessment of the Revenue Cycle Management market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Revenue Cycle Management market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • Favorable regulatory compliance, increasing need of process improvements in healthcare sectors and rising spending on healthcare are the major factors estimated to drive the global revenue cycle management market in years to come.
  • Standalone type segment is expected to lose its revenue share in coming years owing to increasing adoption of integrated type revenue cycle management systems by healthcare professional and hospitals.
  • In 2019, On-premise deployment segment of global revenue cycle management market was valued around USD 28,912 million. The growth of this segment is primarily driven by better data security and protecting unauthorized access of user’s server or workstation
  • Asia Pacific is predicted to be the fastest growing region for global revenue cycle management market and is likely to grow at a CAGR of 15.8% in forecast period.

Regional Snapshots

In 2019, North America dominated the global revenue cycle management market and accounted over 41.1% of the revenue share. Rising number of hospital, high spending on healthcare and presence of major market players are some of the key driving factor for the growth of North America region. Furthermore, growing HCIT investments in United and Canada is also shaping the growth of revenue cycle management market. Europe held the second largest market in the revenue cycle management due to enhanced digitization paired with increasing focus on data integration, data quality, data governance and management over the forecast period.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Cerner Corporation
  • McKesson Corporation
  • Quest Diagnostics Incorporated
  • Allscripts Healthcare Solutions
  • Athenahealth
  • CareCloud
  • Emdeon
  • The SSI Group Inc
  • GE Healthcare
  • Eclinicalworks
  • Meditech
  • Epic Systems
  • Conifer Health Solutions
  • Gebbs Healthcare Solutions
  • Constellation Software
  • Experian PLC
  • NextGen Healthcare Information System LLC

Segments Covered in the Report

By Deployment

  • Web-Based
  • On-Premise
  • Cloud-Based

By Offering

  • Services
  • Software

By Type

  • Standalone
  • Integrated

By End User

  • Hospitals
  • Physician Offices
  • Diagnostic Laboratories
  • Others (Pharmacies, academic medical centers etc.)

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Revenue Cycle Management market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Revenue Cycle Management are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Revenue Cycle Management Market, By Deployment

7.1. Revenue Cycle Management Market, by Deployment Type, 2020-2027
7.1.1. Web-Based
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. On-Premise
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Cloud-Based
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Revenue Cycle Management Market, By Offering

8.1. Revenue Cycle Management Market, by Offering, 2020-2027
8.1.1. Services
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Revenue Cycle Management Market, By Type

9.1. Revenue Cycle Management Market, by Type, 2020-2027
9.1.1. Standalone
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Integrated
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Revenue Cycle Management Market, By End-User

10.1. Revenue Cycle Management Market, by End-User, 2020-2027
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Physician Offices
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Diagnostic Laboratories
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Others (Pharmacies, academic medical centers etc.)
10.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Revenue Cycle Management Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.1.2. Market Revenue and Forecast, by Offering (2016-2027)
11.1.3. Market Revenue and Forecast, by Type (2016-2027)
11.1.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Offering (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.2.2. Market Revenue and Forecast, by Offering (2016-2027)
11.2.3. Market Revenue and Forecast, by Type (2016-2027)
11.2.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Offering (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Offering (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Offering (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.3.2. Market Revenue and Forecast, by Offering (2016-2027)
11.3.3. Market Revenue and Forecast, by Type (2016-2027)
11.3.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Offering (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Offering (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Offering (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.4.2. Market Revenue and Forecast, by Offering (2016-2027)
11.4.3. Market Revenue and Forecast, by Type (2016-2027)
11.4.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Offering (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Offering (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Offering (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Offering (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Deployment (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Offering (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 12. Company Profiles

12.1. Cerner Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. McKesson Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Quest Diagnostics Incorporated
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allscripts Healthcare Solutions
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Athenahealth
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CareCloud
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Emdeon
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. The SSI Group Inc
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. GE Healthcare
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Eclinicalworks
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Meditech
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Epic Systems
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Conifer Health Solutions
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Gebbs Healthcare Solutions
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Constellation Software
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Experian PLC
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
12.17. NextGen Healthcare Information System LLC
12.17.1. Company Overview
12.17.2. Product Offerings
12.17.3. Financial Performance
12.17.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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