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Revenue Cycle Management Market To Witness Phenomenal Growth Of $160.3 Billion By 2027 Registering A Healthy CAGR Of 12.1%: Grand View Research Inc.

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Revenue Cycle Management Market To Witness Phenomenal Growth Of $160.3 Billion By 2027 Registering A Healthy CAGR Of 12.1%: Grand View Research Inc.

February 01
16:29 2021
Revenue Cycle Management Market To Witness Phenomenal Growth Of $160.3 Billion By 2027 Registering A Healthy CAGR  Of 12.1%: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report, published by Grand View Research Inc., the revenue cycle management market is largely driven by the growing inclination towards cloud-based solutions in the healthcare settings along with the rise in outsourcing of RCM services.

According to the report, “Revenue Cycle Management Market Size, Share & Trends Analysis Report By Product (Software, Service), By Type (Integrated, Standalone), By Delivery Mode, By Region, And Segment Forecasts, 2020-2027”, the growing use of revenue cycle management for their features such as flexibility, enhanced security, and cost-effective properties are expected to remain pivotal during the market growth. 

The rise in spending on advanced software infrastructure and designs is likely to encourage a significant market growth in the coming years. Moreover, the overheads for outsourcing is likely to result in high adoption for revenue cycle management software. Emergence of IoT technology, blockchain and automation, and demand for competency is more likely to result in market development in the coming years. 

In addition, the launch of improved versions of existing software in healthcare settings according to the consumer needs is further anticipated to enhance the market developments in the coming years. Moreover, the rise in growth of market segments is likely to result in the development of resources and deployment of revenue cycle management. 

U.S. revenue cycle management market size, by product type, 2016 - 2027 (USD Billion)

Revenue Cycle Management Market Report Highlights:

The market is anticipated to be expand significantly owing to increased adoption of RCM systems in healthcare settings.

The software segment accounted for a major share in 2019 with a market size of around USD 39.0 billion due to increasing demand for HIT systems.

Integrated RCM solutions held the largest market share of 69.0% in 2019, as they are cost -effective as compared to standalone solutions.

North America dominated the revenue cycle management market in 2019 owing to the availability of favorable reimbursement policies, presence of well-developed healthcare infrastructure, and growing adoption of RCM solutions and their long – term benefits.

The companies are focusing on strategic collaborations and introduction of new products to survive the market competition.

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/revenue-cycle-management-rcm-market/request/rs1

Grand View Research has segmented the global revenue cycle management market based on product, type, delivery mode, end use, and region:

Revenue Cycle Management Product Type Outlook (Revenue, USD Million, 2016   - 2027)

Software

Services

Revenue Cycle Management Type Outlook (Revenue, USD Million, 2016  - 2027)

Integrated

Standalone

Revenue Cycle Management Delivery Mode Outlook (Revenue, USD Million, 2016  - 2027)

On-premise

Web-based

Cloud-based

Revenue Cycle Management End – use Outlook (Revenue, USD Million, 2016  - 2027)

Physician Offices

Hospitals

Diagnostic Laboratories

Others

Revenue Cycle Management Regional Outlook (Revenue, USD Million, 2016  - 2027)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Spain

Russia

Asia Pacific

China

Japan

India

Singapore

South Korea

Australia

Latin America

Mexico

Brazil

Argentina

MEA

South Africa

Saudi Arabia

UAE

List of Key Players for Revenue Cycle Management Market:

Allscripts Inc;

Cerner Corporation

NextGen Healthcare Information Solution LLC

Epic Systems Corporation

Change Healthcare

McKesson Corporation

CareCloud Corporation

Experian Health

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/4265/ibb

Browse Related Report @

Immunoassay Analyzers Market – https://www.grandviewresearch.com/industry-analysis/immunoassay-instruments-analyzers-market

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

 

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/revenue-cycle-management-rcm-market

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