Global Technology Spending on Revenue Cycle Management Market Size, Dynamics, Regional Market Share, Top Key Players, Latest Trends, Growth Factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Global technology spending on revenue management cycle was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Global Technology Spending on Revenue Cycle Management Market
Revenue cycle management is the management of all clinical and administrative functions. The process for the revenue cycle management include patient registration, eligibility, verification for insurance, medical coding, claim processing, and payments. The process can be done using the software. Major factor in the revenue cycle management include patients, healthcare providers, billing companies, and insurance providers.
Market Dynamics: Global Technology Spending on Revenue Cycle Management Market
Increase in demand for cloud-based solutions coupled with technological advancements in the workflow. Moreover, there is an increase in the revenue of the revenue and the costs of the service Management market over the forecast years. In addition, high cost for the RCM deployment, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed, high-speed deployment.
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Market Scope: Global Technology Spending on Revenue Cycle Management Market
Global technology spending on revenue cycle management is segmented based on software type, deployment, component, and end user
Based on software type, market is segmented into the following:
- Integrated software
- Standalone software
Based on the deployment, market is segmented into the following:
- Cloud-Based
- On-Premise
Based on the component, market is segmented into the following:
- software
- Services
Based on the end users, the market is segmented into the following:
- Hospitals
- Ambulatory Surgical Centers
- Others
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Regional Analysis: Global Technology Spending on Revenue Cycle Management Market
Geographically, global technology spending on revenue cycle management is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America technology spending on revenue cycle management market is set to grow at an unprecedented growth rate due to the presence of huge numbers of industry players, stringent regulatory compliance, and sophisticated healthcare infrastructure. Europe technology spending on revenue cycle management market is driving by high unmet needs to modernized revenue cycle management, development of customized RCM solutions by regional players, and high adoption of cloud-based solutions. HOWEVER, Asia pacific technology is growing in the market for health insurance in China, India, and Japan, and the prevalence of chronic diseases are rising over the forecast timeframe.
Competition Assessment: Global Technology Spending on Revenue Cycle Management Market
Spending on revenue cycle management market include:
- Cerner Corporation (US)
- DST Systems, Inc. (US)
- 3M Company (US)
- Allscripts Healthcare Solutions (US)
- McKesson Corporation (US)
- Athenahealth, Inc. (US)
- Quest Diagnostics Incorporated (US)
- Experian PLC (Ireland)
- Eclinicalworks, LLC (US)
- Xifin, Inc. (US)
- Epic Systems Corporation (US)
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Notable Market Developments: Global Technology Spending on Revenue Cycle Management Market
- In January 2018, Xifin launches Xifin RPM 9, next generation revenue cycle platform with enhanced automated workflows.
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