(Health-NewsWire.Net, June 28, 2016 ) About the Healthcare Revenue Cycle Management Market in US
Healthcare service providers had deployed automated systems to address the RCM processes and to fill the payment gap, resulting from the complex processes of medical billing and collections. IT applications such as hospital information system and EHR have outdated technology platforms that lack the advanced functionalities needed to address RCM issues. The inefficient manner of medical billing and collections resulted in revenue loss for many healthcare organizations. Given the issues pertaining to revenue cycle processes and workflows, hospitals and health systems considered outsourcing their RCM services. This outsourcing of RCM services can ensure maximum collections in the face of growing challenges and reduce the potential revenue leakage for different RCM processes.
Technavios analysts forecast the healthcare revenue cycle management market in US to grow at a CAGR of 12.89% during the period 2016-2020.
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Covered in this report The report covers the present scenario and the growth prospects of the healthcare revenue cycle management market in US for 2016-2020. To calculate the market size, we considered revenues generated from the sale of RCM solutions that include software suits that are stand-alone and integrated solutions and services (consultation, outsourcing, training, and maintenance).
Technavio's report, Healthcare Revenue Cycle Management Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Allscripts Cerner GE Healthcare McKesson SSI Group
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Table of Content
PART 01: Executive summary Key findings PART 02: Scope of the report Top-vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: RCM Overview Phases of evolution Importance of RCM PART 06: Revenue leakage in healthcare system RCM in other industries PART 07: Outsourcing trend Healthcare RCM outsourcing PART 08: Market developments Major M&A in healthcare RCM market in US Government regulations impacting healthcare RCM market PART 09: Segmentation by process Integrated RCM Stand-alone RCM PART 10: Market size and forecast US healthcare RCM market size and forecast
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