"Designing Growth Strategies is in our DNA"

Healthcare Revenue Cycle Management Outsourcing Market Size, Share and Global Trend by Type (Patient Access, Patient Encounter, Patient Billing), By Service (Back-End, Middle, Front-End), By End User (Clinics, Hospitals, Ambulatory Surgery Centers), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100324 | Status : Ongoing

 

KEY MARKET INSIGHTS

In an advanced healthcare industry systemized income cycle management is greatly imperative for a smoother authoritative involvement and better incomes, as it reduces manual error and helps in the smoother functioning of the organization. The method of handling protection claims, handling installments, and generating revenue in a systemized way is known as Revenue Cycle Management (RCM) within the healthcare industry.


This software assumes control when a patient sets up a meeting with the authority and continues until the point that the parity reflecting against his record swings to zero. Outsourcing the management of hospitals income cycle is a business system that can enable your training to conquer the difficulties of expanded controls, diminished reimbursement levels, and patient experience and requirements. 

To gain extensive insights into the market, Request for Customization


Rising prevalence of chronic diseases resulting in increasing patient burden on hospitals, rising need for effective financial management, and rise in healthcare spending are significant factors driving the global healthcare RCM outsourcing market. Also, streamlined hospital processes, higher financial benefits offered by revenue cycle management systems in long run, along with hassle-free patient experience, and improved efficiency in payments and billing processes are expected to fuel the demand in the Global Healthcare RCM Outsourcing Market during the forecast period. 

The factor that is expected to inhibit the growth of the market is the lack of proper training and education to staff, higher software cost, lack of communication between staff, and poor integration of RCM systems 

Key Players Covered 


Some of the major companies that are present in the global Healthcare RCM Outsourcing market are Xtelligent Healthcare Media LLC., Cognizant, Connvertex Technologies Inc., Meridian Management Group Inc., MEDVERTEX, IBM Corporation, Flatworld Solutions Pvt. Ltd., drchrono Inc., GENERAL ELECTRIC COMPANY, Pulse Systems Inc., and others. 

SEGMENTATION  


 

























 SEGMENTATION 


 DETAILS


By Type


·         Patient Access

·         Patient Encounter

·         Patient Billing


By Service


·         Back-End

·         Middle

·         Front-End.


By End User


·         Clinics

·         Hospitals

·         Ambulatory Surgery Centers

·         Others.


By Geography


·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


                               

Key Insights 



  • Recent industry developments such as partnerships, mergers, and acquisitions

  • Key performance indicators for global RCM outsourcing market

  • Technological advancements

  • Key start-ups with their funding overview  

Regional Analysis 


North America dominated the global healthcare RCM outsourcing market in 2018. Rising patient population and economic burden on hospitals, limitations of traditional financial processes, rising emphasis on reduction in revenue leakage, and reduction in unnecessary costs are some of the factors responsible for the growth of the healthcare RCM outsourcing market in North America. Asia Pacific and Europe are anticipated to grow at a significant CAGR during the forecast period. 

Key Industry Developments




  • In November 2018, MedEvolve launched month-to-month RCM and analytics program, offering unprecedented flexibility to medical practices.
  • In September 2017, Waystar Health and ZirMed announced their entry into a definitive merger agreement. This merger will reflect the changing and growing demands on RCM companies from providers.




  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Healthcare Clients
Roche
Jubilant
Lek
abbvie
uniliver
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X