Key players in the North American Revenue Cycle Management System (RCM) Market are McKesson Corporation, Cerner Corporation, Siemens Healthcare, GE Healthcare, Allscripts, Epic Systems, Quest Diagnostics, Athenahealth & others.
(PRWEB) August 28, 2014
The North American revenue cycle management report defines and segments the concerned market in North America with analysis and forecast of revenue. The revenue cycle management market in North America was valued at $2,235.6 million in 2013, and is estimated to grow to $3,161.5 million by 2018, at a CAGR of 7.2% from 2013 to 2018.
Browse through the TOC of the North American revenue cycle management market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the revenue cycle management market in the same region, and is supported by various tables and figures.
The demand for revenue cycle management solutions in the North America is anticipated to increase in the future because of decreasing reimbursements in the healthcare industry, reduction of the overall healthcare costs, and growing expenditure by the healthcare industry on information technology. Improvement in the quality of care and clinical outcomes and the gradual transformation in the healthcare segment such as changes in ICD (International Classification of Diseases) (ICD) guidelines are also some of the factors that will help this market grow. However, high costs of healthcare IT solutions and limited investments by healthcare providers in information technology are some of the factors that may hinder the growth of this market in the coming years.
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In 2013, the U.S. dominated about 92% of the North American revenue cycle management market. This market is segmented and forecast based on components and deployments of the revenue cycle management market in North America. The components segment comprises hardware, software, and services, while the deployments segment includes are on-premise, cloud-based, web-based. The market is further segmented and forecast based on major countries, such as the U.S., Canada, and Mexico. The market is also segmented and analyzed based on the end-users.
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This report includes market share and value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
European Revenue Cycle Management System (RCM) Market
Revenue cycle management system (RCM) for healthcare providers enables healthcare organizations of all sizes to accelerate their revenue cycles. This is achieved by reducing the number of denied insurance claims, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and automating processes. The RCM solution starts when a patient enters the hospital. It automates business process leading to speedy patient and payer follow-up.
Globally, Europe is the second-largest revenue cycle management market, and is expected to reach a value of $1,198.6 million by 2018. It is projected to grow at a CAGR of 6.3%, from 2013 to 2018. This growth is attributed to the rise in the adoption of new and updated versions of RCM solutions. New projects have been initiated to meet the huge demand of the new versions of RCM solutions. Healthcare providers in Europe are now undergoing consolidation to improve purchasing capacity of RCM solutions.
Asia Revenue Cycle Management System (RCM) Market
Revenue Cycle Management System (RCM) of Asian market can be segmented on the basis of different Components, Endusers, Companies and Deployments.Different components of this particular market are Hardware (Healthcare IT), Software (Healthcare IT) and Services (Healthcare IT). Revenue Cycle Management System (RCM) is used by various endusers in Asian market such as Hospitals, Academics, Office based Physicians, Medical & Diagnostic Laboratories and Ambulatory care solutions.
This report provides a competitive landscape of the top players. Under the strategic benchmarking section, we will provide you with their key developments along with the impacts that include new product developments, M&A, a strategic focus on any specific application, technology, and geography. Under the Financials section, we will provide you with details that span Capex (Investments), revenues, EBITDA, etc. Under the operational insights section, we will provide you with the new capacities added, new centers, and new key employments. Under the sales and marketing section, we will provide you with insights on new contracts (available on the public domain), new distribution channels added, new marketing initiatives, etc.
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