Global Revenue Cycle Management Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: May 7, 2021 |

The global revenue cycle management market size is anticipated to register a significant CAGR of over 11% during the forecast period from 2021 to 2027 and expected to reach around USD 600 billion by 2027. The increasing adoption of RCM tools by the various healthcare providers and rapid growth in technological advancement are some major factors to drive the market growth. The growing need for optimization of organizational workflow coupled with increasing innovation in integrated management software and systems to reduce error is further expected to fuel the market over the forecast period.

The government regulations regarding digital healthcare solution is projected to propel the market growth. Moreover, the up-gradation and development of solutions provided by some major players are further expected to uplift the market. For example, in 2020, R1 RCM, a U.S. based company, announced the launch of R1 Professional to serve large hospital-owned medical groups and groups with independent practices. However, the lack of proper reimbursement scenario is one of the major challenges faced by patients is a major factor to restrain the market growth.

Market Segment Insights:

The global revenue cycle management market is segmented into product, type, delivery mode, end-user, and geography. The product segment is further segmented into software and services. The software segment is accounted to hold the largest market share in 2020 by revenue. In recent years, increasing volumes of data have led to the adoption of solutions due to the digitization of procedures and to organize for better patient care. For example, according to data published by Health Catalyst, around 90% of healthcare organizations use analytical software and data to improve quality and revenue cycle management.

Revenue Cycle Management Market Size & CAGR

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Global revenue cycle management market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The revenue cycle management market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Revenue Cycle Management Market Segmentation:

By Product:

  • Software
  • Services

By Type:

  • Integrated
  • Standalone

By Delivery Mode:

  • On-premise
  • Web-based
  • Cloud-based

By End-User:

  • Physician Offices
  • Hospitals
  • Diagnostic Laboratories
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global revenue cycle management market in 2020 and accounted to hold a major market share of over half of the market. The presence of the various physicians and the early adoption of the new technologies have contributed to the market growth in the region. Furthermore, North America has attractive growth opportunities due to the large established hospitals and healthcare infrastructure, the presence of favorable regulations, and reducing the cost of healthcare. In addition, the Asia Pacific is anticipated to witness the fastest growth rate over the forecast period due to government supportive regulations to improve the quality of healthcare solutions.

Market Competition Assessment:

Key players operating in the global revenue cycle management market are The SSI Group, Inc., AllScripts Healthcare, LLC, Experian Health, R1 RCM Inc., McKesson Corporation, and athenahealth, Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • The SSI Group, Inc.
  • AllScripts Healthcare, LLC
  • Experian Health, R1 RCM Inc.
  • McKesson Corporation
  • athenahealth, Inc.
  • Epic Systems Corporation
  • NXGN Management, LLC
  • CareCloud Corporation
  • Quest Diagnostics, Inc.
  • R1 RCM Inc.

Key Questions Answered by Revenue Cycle Management Market Report:

  • Global revenue cycle management market forecasts from 2021-2027
  • Regional revenue cycle management market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Revenue cycle management submarket forecasts from 2021-2027 covering the market by product, by type, by delivery mode, by end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to revenue cycle management market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level revenue cycle management markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the revenue cycle management market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Revenue Cycle Management Market Portraiture
2.2. Global Revenue Cycle Management Market, by Product, 2020 (USD Mn)
2.3. Global Revenue Cycle Management Market, by Type, 2020 (USD Mn)
2.4. Global Revenue Cycle Management Market, by Delivery Mode, 2020 (USD Mn)
2.5. Global Revenue Cycle Management Market, by End-User, 2020 (USD Mn)
2.6. Global Revenue Cycle Management Market, by Geography, 2020 (USD Mn)

 

3. Global Revenue Cycle Management Market Analysis


3.1. Revenue Cycle Management Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Revenue Cycle Management Market By Product, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Software
4.3. Services

 

5. Global Revenue Cycle Management Market By Type, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Integrated
5.3. Standalone

 

6. Global Revenue Cycle Management Market By Delivery Mode, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. On-premise
6.3. Web-based
6.4. Cloud-based

 

7. Global Revenue Cycle Management Market By End-User, 2018 – 2027 (USD Mn)


7.1. Overview
7.2. Physician Offices
7.3. Hospitals
7.4. Diagnostic Laboratories
7.5. Others

 

8. North America Revenue Cycle Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. North America Revenue Cycle Management Market by Product (2018-2027 USD Mn)
8.1.3. North America Revenue Cycle Management Market by Type (2018-2027 USD Mn)
8.1.4. North America Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
8.1.5. North America Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
8.1.6. North America Revenue Cycle Management Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Revenue Cycle Management Market by Product (2018-2027 USD Mn)
8.1.6.1.2. U.S. Revenue Cycle Management Market by Type (2018-2027 USD Mn)
8.1.6.1.3. U.S. Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
8.1.6.1.4. U.S. Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Revenue Cycle Management Market by Product (2018-2027 USD Mn)
8.1.6.2.2. Canada Revenue Cycle Management Market by Type (2018-2027 USD Mn)
8.1.6.2.3. Canada Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
8.1.6.2.4. Canada Revenue Cycle Management Market by End-User (2018-2027 USD Mn)

 

9. Europe Revenue Cycle Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Europe Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.3. Europe Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.4. Europe Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.5. Europe Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
9.1.6. Europe Revenue Cycle Management Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.6.1.2. Germany Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.6.1.3. Germany Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.6.1.4. Germany Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.6.2.2. U.K. Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.6.2.3. U.K. Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.6.2.4. U.K. Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.6.3.2. France Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.6.3.3. France Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.6.3.4. France Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.6.4.2. Italy Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.6.4.3. Italy Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.6.4.4. Italy Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Revenue Cycle Management Market by Product (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Revenue Cycle Management Market by Type (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Revenue Cycle Management Market by End-User (2018-2027 USD Mn)

 

10. Asia Pacific Revenue Cycle Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Asia Pacific Revenue Cycle Management Market by Product (2018-2027 USD Mn)
10.1.3. Asia Pacific Revenue Cycle Management Market by Type (2018-2027 USD Mn)
10.1.4. Asia Pacific Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
10.1.5. Asia Pacific Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
10.1.6. Asia Pacific Revenue Cycle Management Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Revenue Cycle Management Market by Product (2018-2027 USD Mn)
10.1.6.1.2. China Revenue Cycle Management Market by Type (2018-2027 USD Mn)
10.1.6.1.3. China Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
10.1.6.1.4. China Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Revenue Cycle Management Market by Product (2018-2027 USD Mn)
10.1.6.2.2. Japan Revenue Cycle Management Market by Type (2018-2027 USD Mn)
10.1.6.2.3. Japan Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
10.1.6.2.4. Japan Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Revenue Cycle Management Market by Product (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Revenue Cycle Management Market by Type (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Revenue Cycle Management Market by End-User (2018-2027 USD Mn)

 

11. Latin America (LATAM) Revenue Cycle Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. Latin America Revenue Cycle Management Market by Product (2018-2027 USD Mn)
11.1.3. Latin America Revenue Cycle Management Market by Type (2018-2027 USD Mn)
11.1.4. Latin America Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
11.1.5. Latin America Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
11.1.6. Latin America Revenue Cycle Management Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Revenue Cycle Management Market by Product (2018-2027 USD Mn)
11.1.6.1.2. Brazil Revenue Cycle Management Market by Type (2018-2027 USD Mn)
11.1.6.1.3. Brazil Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
11.1.6.1.4. Brazil Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Revenue Cycle Management Market by Product (2018-2027 USD Mn)
11.1.6.2.2. Mexico Revenue Cycle Management Market by Type (2018-2027 USD Mn)
11.1.6.2.3. Mexico Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
11.1.6.2.4. Mexico Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Revenue Cycle Management Market by Product (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Revenue Cycle Management Market by Type (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Revenue Cycle Management Market by End-User (2018-2027 USD Mn)

 

12. Middle East and Africa Revenue Cycle Management Market Analysis and Forecast, 2018 – 2027 (USD Mn)


12.1.1. Overview
12.1.2. MEA Revenue Cycle Management Market by Product (2018-2027 USD Mn)
12.1.3. MEA Revenue Cycle Management Market by Type (2018-2027 USD Mn)
12.1.4. MEA Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
12.1.5. MEA Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
12.1.6. Middle East and Africa Revenue Cycle Management Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Revenue Cycle Management Market by Product (2018-2027 USD Mn)
12.1.6.1.2. GCC Revenue Cycle Management Market by Type (2018-2027 USD Mn)
12.1.6.1.3. GCC Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
12.1.6.1.4. GCC Revenue Cycle Management Market by End-User (2018-2027 USD Mn)
12.1.6.2. Rest of MEA
12.1.6.2.1. Rest of MEA Revenue Cycle Management Market by Product (2018-2027 USD Mn)
12.1.6.2.2. Rest of MEA Revenue Cycle Management Market by Type (2018-2027 USD Mn)
12.1.6.2.3. Rest of MEA Revenue Cycle Management Market by Delivery Mode (2018-2027 USD Mn)
12.1.6.2.4. Rest of MEA Revenue Cycle Management Market by End-User (2018-2027 USD Mn)

 

13. Company Profiles


13.1. The SSI Group, Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. AllScripts Healthcare, LLC.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Experian Health, R1 RCM Inc.
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. McKesson Corporation
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. athenahealth, Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Epic Systems Corporation
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. NXGN Management, LLC
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. CareCloud Corporation
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Quest Diagnostics, Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. R1 RCM Inc.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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