HOME Top Market Reports Revenue Cycle Management Market by Product type (Integrated RCM, Standalone RCM), Component (Services, Software), Deployment (Web-based, on premise, Cloud-based), End-User (Hospital, Physician, Laboratory, Pharmacy), Geography - Global Forecast to 2021

Revenue Cycle Management Market by Product type (Integrated RCM, Standalone RCM), Component (Services, Software), Deployment (Web-based, on premise, Cloud-based), End-User (Hospital, Physician, Laboratory, Pharmacy), Geography - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: HIT 4017

 

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The global revenue cycle management market is projected to reach USD 80.56 Billion by 2021 from USD 45.52 Billion in 2016, at a CAGR of 12.1% from 2016 to 2021.

The global revenue cycle management market is segmented on the basis of product, component, deployment, end user, and region. On the basis of product, the market is segmented into integrated RCM and standalone RCM. In 2016, the integrated RCM segment is expected to account for the largest share of the market and is expected to grow the highest CAGR during the forecast period. Increasing demand for integrated solutions, which play an integral role in improving process efficiency and cost reduction is the major factor driving the growth of the integrated RCM segment.

Based on component, the market is divided into services and software. The services segment is expected to account for the largest share of the market in 2016. Growing reliability on maintenance and yearly updating of advanced software is the major factor driving the growth of the services segment.

Based on deployment, the market is segmented into web-based, on-premise, and cloud-based systems. The web-based segment is expected to account for the largest share of the market in 2016. Increasing demand for mobile support systems for better customer (patient) engagement platforms is the major factor driving the web-based solutions market

Based on end user, the market is segmented into physicians, hospitals, laboratories, and other end users (pharmacies and ambulatory care centers). The physicians segment is expected to account for the largest share as well as the fastest growing segment of the revenue cycle management end user market in 2016. The growing adoption of integrated practice management systems among physicians is a key factor driving the growth of this end-user segment in the RCM market.

The market growth is driven by regulatory compliance probing the use of RCM solutions, increasing number of elderly population, chronic diseases prevalence, growing demand for health insurance, process optimization owing to the use of RCM, and government support for RCM solutions in healthcare organizations. Factors restraining the market include high cost of deployment, dearth of trained software professionals to handle RCM processes, and infrastructural loop holes in emerging markets. Whereas, demand for end-to-end solutions, vendor consolidation, cloud-based solutions, and potential RCM markets are expected to offer a wide range of growth opportunities for players in the market.

The market is dominated by established players such as McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.)

Stakeholders

  • Healthcare equipment manufacturers
  • Healthcare IT vendors
  • Healthcare IT service providers
  • Healthcare providers
  • Healthcare payers
  • Healthcare consultants
  • Healthcare associations/institutions
  • Business research and consulting service providers

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

  • The market study doesn’t cover the market size in terms of volume
  • Some companies in this market are privately owned and their revenues are not available in the public domain. Hence, revenue for those companies are not included in this report
  • Company developments not reported in the public domain are not included in this report

Particular

Scope

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Historical Years

2014

Base Year

2015

Estimated Year

2016-e

Forecast Period

2016-e–2021-p

Revenue Currency

USD

Market Segmentation

This research report categorizes the revenue cycle management market on the basis of product, component, deployment, end user, and region

Global Revenue Cycle Management Market, by Product

  • Integrated
  • Standalone

Global Revenue Cycle Management Market, by Component

  • Services
  • Software

Global Revenue Cycle Management Market, by Deployment

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

Global Revenue Cycle Management Market, by End user

  • Physicians
  • Hospitals
  • Laboratories
  • Other End Users

Global Revenue Cycle Management Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
           2.2.1 Key Data From Secondary Sources
           2.2.2 Key Data From Primary Sources
                    2.2.2.1 Key Industry Insights
           2.2.3 Assumptions for the Study
    2.3 Macroeconomic Factor Analysis
           2.3.1 Introduction
           2.3.2 Demand-Side Analysis
                    2.3.2.1 Regulatory Scenario
           2.3.3 Supply-Side Analysis
                    2.3.3.1 Number of Collaborations and New Product Launch

3 Executive Summary (Page No. - 28)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 33)
    4.1 Revenue Cycle Management: Market Overview
    4.2 North America: Market, By Deployment
    4.3 Market: Geographic Growth Opportunities
    4.4 Market, By End User
    4.5 Market, By Component

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Regulatory Compliance Encouraging the Use of RCM
                    5.2.1.2 Government Support for RCM Solutions
                    5.2.1.3 Process Improvements in Healthcare Organizations
                    5.2.1.4 Increasing Number of Patients and Subsequent Growth in the Demand for Health Insurance
           5.2.2 Restraints
                    5.2.2.1 High Cost of Deployment
                    5.2.2.2 Dearth of Trained IT Personnel
                    5.2.2.3 Infrastructural Loop Holes in Developing Markets
           5.2.3 Opportunities
                    5.2.3.1 Vendor Consolidation to Provide End-To-End Solutions
                    5.2.3.2 Rising Demand for Cloud-Based RCM Solutions
                    5.2.3.3 Potential RCM Markets for IT Vendors
           5.2.4 Challenges
                    5.2.4.1 Integration of RCM Solutions Within Healthcare Organizations
                    5.2.4.2 Data Security
    5.3 Current Trends in the U.S.
           5.3.1 Declining Reimbursement Rates Promoting Value-Based Payment Models
           5.3.2 RCM Outsourcing
           5.3.3 Single-Payer Systems
           5.3.4 Predictive Analytics

6 Revenue Cycle Management Market, By Product Type (Page No. - 46)
    6.1 Introduction
    6.2 Integrated
    6.3 Standalone

7 Revenue Cycle Management Market, By Component (Page No. - 51)
    7.1 Introduction
    7.2 Services
    7.3 Software

8 Revenue Cycle Management Market, By Deployment (Page No. - 56)
    8.1 Introduction
    8.2 Web-Based
    8.3 On-Premise
    8.4 Cloud-Based

9 Revenue Cycle Management Market, By End User (Page No. - 63)
    9.1 Introduction
    9.2 Physicians
    9.3 Hospitals
    9.4 Laboratories
    9.5 Other End Users

10 Global Revenue Cycle Management Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe (RoE)
     10.4 Asia
             10.4.1 Japan
             10.4.2 China
             10.4.3 India
             10.4.4 Rest of Asia (RoA)
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 113)
     11.1 Introduction
     11.2 Market Player Ranking
     11.3 Competitive Situation and Trends
             11.3.1 Agreements, Collaborations, and Partnerships
             11.3.2 Product & Service Launches
             11.3.3 Acquisitions
             11.3.4 Other Developments

12 Company Profiles (Page No. - 119)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 Introduction
     12.2 Athenahealth, Inc.
     12.3 Cerner Corporation
     12.4 Eclinicalworks, LLC
     12.5 Mckesson Corporation
     12.6 Quest Diagnostics Incorporated
     12.7 Allscripts Healthcare Solutions, Inc.
     12.8 Conifer Health Solutions, LLC.
     12.9 Epic Systems Corporation
     12.10 Gebbs Healthcare Solutions
     12.11 GE Healthcare
     12.12 Experian PLC

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 149)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (115 Tables)

Table 1 Organizations That Opted for RCM Outsourcing in 2016
Table 2 Global Revenue Cycle Management Market Size, By Product Type, 2014-2021 (USD Million)
Table 3 Global Integrated Revenue Cycle Management Market Size, By Region, 2014-2021 (USD Million)
Table 4 North America: Integrated Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 5 Europe : Integrated Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 6 Standalone Revenue Cycle Management Market Size, By Region, 2014–2021 (USD Million)
Table 7 North America: Standalone Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 8 Europe : Standalone Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 9 Global Market Size, By Component, 2014-2021 (USD Million)
Table 10 Global Revenue Cycle Management Services Market Size, By Region, 2014-2021 (USD Million)
Table 11 North America: Revenue Cycle Management Services Market Size, By Country, 2014–2021 (USD Million)
Table 12 Europe : Revenue Cycle Management Services Market Size, By Country, 2014–2021 (USD Million)
Table 13 Global Revenue Cycle Management Software Market Size, By Region, 2014-2021 (USD Million)
Table 14 North America: Revenue Cycle Management Software Market Size, By Country, 2014–2021 (USD Million)
Table 15 Europe : Revenue Cycle Management Software Market Size, By Country, 2014–2021 (USD Million)
Table 16 Global Market Size, By Deployment, 2014-2021 (USD Million)
Table 17 Global Web-Based Revenue Cycle Management Market Size, By Region, 2014-2021 (USD Million)
Table 18 North America: Web-Based Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 19 Europe : Web-Based Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 20 Global On-Premise Revenue Cycle Management Market Size, By Region, 2014-2021 (USD Million)
Table 21 North America: On-Premise Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 22 Europe : On-Premise Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 23 Global Cloud-Based Revenue Cycle Management Market Size, By Region, 2014-2021 (USD Million)
Table 24 North America: Cloud-Based Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 25 Europe : Cloud-Based Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 26 Global Market Size, By End User, 2014-2021 (USD Million)
Table 27 Global Market for Physicians, By Region, 2014–2021 (USD Million)
Table 28 North America: Market for Physicians, By Country, 2014–2021 (USD Million)
Table 29 Europe: Market for Physicians, By Country, 2014–2021 (USD Million)
Table 30 Global Market for Hospitals, By Region, 2014–2021 (USD Million)
Table 31 North America: Market for Hospitals, By Country, 2014–2021 (USD Million)
Table 32 Europe: Market for Physicians, By Country, 2014–2021 (USD Million)
Table 33 Global Market for Laboratories, By Region, 2014–2021 (USD Million)
Table 34 North America: Market for Laboratories, By Country, 2014–2021 (USD Million)
Table 35 Europe: Market for Laboratories, By Country, 2014–2021 (USD Million)
Table 36 Global Market for Other End Users, By Region, 2014–2021 (USD Million)
Table 37 North America: Market for Other End Users, By Country, 2014–2021 (USD Million)
Table 38 Europe: Market for Other End Users, By Country, 2014–2021 (USD Million)
Table 39 Market Size, By Region, 2014–2021 (USD Million)
Table 40 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 41 North America: Market Size, By Product, 2014–2021 (USD Million)
Table 42 North America: Market Size, By Component, 2014–2021 (USD Million)
Table 43 North America: Market Size, By Deployment, 2014–2021 (USD Million)
Table 44 North America: Market Size, By End User, 2014–2021 (USD Million)
Table 45 U.S.: Market Size, By Product, 2014–2021 (USD Million)
Table 46 U.S.: Market Size, By Component, 2014–2021 (USD Million)
Table 47 U.S.: Market Size, By Deployment, 2014–2021 (USD Million)
Table 48 U.S.: Market Size, By End User, 2014–2021 (USD Million)
Table 49 Canada: Market Size, By Product, 2014–2021 (USD Million)
Table 50 Canada: Market Size, By Component, 2014–2021 (USD Million)
Table 51 Canada: Market Size, By Deployment, 2014–2021 (USD Million)
Table 52 Canada: Market Size, By End User, 2014–2021 (USD Million)
Table 53 Mexico: Market Size, By Product, 2014–2021 (USD Million)
Table 54 Mexico: Market Size, By Component, 2014–2021 (USD Million)
Table 55 Mexico: Market Size, By Deployment, 2014–2021 (USD Million)
Table 56 Mexico: Market Size, By End User, 2014–2021 (USD Million)
Table 57 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 58 Europe: Market Size, By Product, 2014–2021 (USD Million)
Table 59 Europe: Market Size, By Component, 2014–2021 (USD Million)
Table 60 Europe: Market Size, By Deployment, 2014–2021 (USD Million)
Table 61 Europe: Market Size, By End User, 2014–2021 (USD Million)
Table 62 Germany: Market Size, By Product, 2014–2021 (USD Million)
Table 63 Germany: Market Size, By Component, 2014–2021 (USD Million)
Table 64 Germany: Market Size, By Deployment, 2014–2021 (USD Million)
Table 65 Germany: Market Size, By End User, 2014–2021 (USD Million)
Table 66 U.K.: Market Size, By Product, 2014–2021 (USD Million)
Table 67 U.K.: Market Size, By Component, 2014–2021 (USD Million)
Table 68 U.K.: Market Size, By Deployment, 2014–2021 (USD Million)
Table 69 U.K.: Market Size, By End User, 2014–2021 (USD Million)
Table 70 France: Market Size, By Product, 2014–2021 (USD Million)
Table 71 France: Market Size, By Component, 2014–2021 (USD Million)
Table 72 France: Market Size, By Deployment, 2014–2021 (USD Million)
Table 73 France: Market Size, By End User, 2014–2021 (USD Million)
Table 74 Italy: Market Size, By Product, 2014–2021 (USD Million)
Table 75 Italy: Market Size, By Component, 2014–2021 (USD Million)
Table 76 Italy: Market Size, By Deployment, 2014–2021 (USD Million)
Table 77 Italy: Market Size, By End User, 2014–2021 (USD Million)
Table 78 Spain: Market Size, By Product, 2014–2021 (USD Million)
Table 79 Spain: Market Size, By Component, 2014–2021 (USD Million)
Table 80 Spain: Market Size, By Deployment, 2014–2021 (USD Million)
Table 81 Spain: Market Size, By End User, 2014–2021 (USD Million)
Table 82 RoE: Market Size, By Product, 2014–2021 (USD Million)
Table 83 RoE: Market Size, By Component, 2014–2021 (USD Million)
Table 84 RoE: Market Size, By Deployment, 2014–2021 (USD Million)
Table 85 RoE: Market Size, By End User, 2014–2021 (USD Million)
Table 86 Asia: Market Size, By Country/Region, 2014–2021 (USD Million)
Table 87 Asia: Market Size, By Product, 2014–2021 (USD Million)
Table 88 Asia: Market Size, By Component, 2014–2021 (USD Million)
Table 89 Asia: Market Size, By Deployment, 2014–2021 (USD Million)
Table 90 Asia: Market Size, By End User, 2014–2021 (USD Million)
Table 91 Japan: Market Size, By Product, 2014–2021 (USD Million)
Table 92 Japan: Market Size, By Component, 2014–2021 (USD Million)
Table 93 Japan: Market Size, By Deployment, 2014–2021 (USD Million)
Table 94 Japan: Market Size, By End User, 2014–2021 (USD Million)
Table 95 China: Market Size, By Product, 2014–2021 (USD Million)
Table 96 China: Market Size, By Component, 2014–2021 (USD Million)
Table 97 China: Market Size, By Deployment, 2014–2021 (USD Million)
Table 98 China: Market Size, By End User, 2014–2021 (USD Million)
Table 99 India: Market Size, By Product, 2014–2021 (USD Million)
Table 100 India: Market Size, By Component, 2014–2021 (USD Million)
Table 101 India: Market Size, By Deployment, 2014–2021 (USD Million)
Table 102 India: Market Size, By End User, 2014–2021 (USD Million)
Table 103 RoA: Market Size, By Product, 2014–2021 (USD Million)
Table 104 RoA: Market Size, By Component, 2014–2021 (USD Million)
Table 105 RoA: Market Size, By Deployment, 2014–2021 (USD Million)
Table 106 RoA: Market Size, By End User, 2014–2021 (USD Million)
Table 107 RoW: Market Size, By Product, 2014–2021 (USD Million)
Table 108 RoW: Market Size, By Component, 2014–2021 (USD Million)
Table 109 RoW: Revenue Cycle Management, By Deployment, 2014–2021 (USD Million)
Table 110 RoW: Market Size, By End User, 2014–2021 (USD Million)
Table 111 Global Market Ranking, By Key Player, 2015
Table 112 Agreements, Collaborations, and Partnerships, 2013–2016
Table 113 Product & Service Launches, 2013–2016
Table 114 Acquisitions, 2013–2016
Table 115 Other Developments, 2013–2016


List of Figures (31 Figures)

Figure 1 Research Design
Figure 2 Revenue Cycle Management Market Top Down Approach
Figure 3 Market: Bottom Up Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Data Triangulation Methodology
Figure 6 Global Market Snapshot, 2016 vs 2021
Figure 7 Global Market, By Product, 2016 vs 2021
Figure 8 Global Market, By Component, 2016 vs 2021
Figure 9 Global Market, By Deployment, 2016 vs 2021
Figure 10 Global Market, By End User, 2016 vs 2021
Figure 11 Geographical Snapshot of the Revenue Cycle Management Market
Figure 12 Revenue Cycle Management Market to Witness A Double-Digit Growth Rate During the Forecast Period
Figure 13 Web-Based Segment is Expected to Dominate the Revenue Cycle Management Market, in 2016
Figure 14 Asia to Register the Highest CAGR During the Forecast Period
Figure 15 The Physicians End-User Segment is Expected to Account for the Largest Share of the Market in 2016
Figure 16 Services Segment to Grow at the Highest Rate During the Forecast Period
Figure 17 Revenue Cycle Management Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Physicians Segment to Command the Largest Market Share in 2016
Figure 19 Geographic Snapshot (2016): Asia to Register Highest Growth in the Market
Figure 20 North America: Revenue Cycle Management Market Snapshot
Figure 21 Asia: Revenue Cycle Management Market Snapshot
Figure 22 Key Developments Registered By Leading Players in the RCM Market, 2013–2016
Figure 23 Battle for Market Share: Agreements, Collaborations, and Partnerships—Most Widely Adopted Strategy Between 2013 & 2016
Figure 24 Geographic Revenue Mix of the Top Five Market Players
Figure 25 Company Snapshot: Athenahealth, Inc.
Figure 26 Company Snapshot: Cerner Corporation
Figure 27 Company Snapshot: Mckesson Corporation
Figure 28 Company Snapshot: Quest Diagnostics Incorporated
Figure 29 Company Snapshot: Allscripts Healthcare Solutions, Inc.
Figure 30 Company Snapshot: GE Healthcare
Figure 31 Company Snapshot: Experian PLC

The global revenue cycle management market is projected to reach USD 80.56 Billion by 2021 from USD 45.52 Billion in 2016, growing at a CAGR of 12.1% during the forecast period.

Growth in the market is driven by the regulatory compliance encouraging the use of RCM solutions, government support, increasing number of patients, and process improvements in healthcare organizations brought about by RCM. In addition, vendor consolidation to provide end-to-end solutions, cloud-based solutions, and potential RCM markets for IT vendors are expected to offer growth opportunities for market players. However, high cost of deployment, dearth of trained IT personnel, and infrastructural loop holes in developing markets are restraining the growth of this market.

The market is segmented on the basis of product, component, deployment, end user, and region. Based on product, the market is segmented into integrated RCM and standalone RCM. Based on component, the market is divided into services and software. Based on deployment, the market is segmented into web-based, on-premise, and cloud-based systems. Based on end user, the market is divided into physicians, hospitals, laboratories, and other end users. In 2016, the services segment is expected to account for the largest share of the market, by component. The large share of this segment can be attributed to the dependence of healthcare organizations on consulting, training, maintenance services, and regular updating of software.

Revenue Cycle Management Market

North America is expected to account for the largest share of the revenue cycle management market in 2016. Regulatory compliance encouraging the use of RCM solutions and presence of a large number of market players are propelling the growth of the North American market. However, the Asian region is estimated to witness the highest growth during the forecast period. In recent years, the Asian market is witnessing significant growth owing to the rising elderly population and increasing prevalence of chronic diseases showing a subsequent growth in demand for healthcare insurance, and increasing demand for better healthcare services in developing economies such as India and China, process improvements in healthcare organizations, and increasing focus of international players on emerging markets.

Major players operating in the revenue cycle management market include McKesson Corporation (U.S.), Cerner Corporation (U.S.), Quest Diagnostics Incorporated (U.S.), athenahealth, Inc. (U.S.), and eClinicalWorks LLC (U.S.).

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