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Revenue Cycle Management (RCM) Market by Product (Integrated Revenue Cycle Management, Standalone Revenue Cycle Management), by Deployment (On Premise, Web Based, Cloud Based), by Component (Hardware, Software, Services) – Global Forecast to 2019

  • Report Code: HE 1106
  • Publish Date: 16 Mar 2015
  • Next Update Date: 16 Jun 2015
  
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The purpose of this report is to cover the definition, description, and forecast of the global revenue cycle management system market. It involves deep dive analysis of market segmentation which comprises type, application, component, deployment, end-user, and geography. The report also delivers insightful information on the strategic analysis of key players for this market. On the basis of type, the market is classified into integrated RCM systems and standalone RCM systems. According to deployment, the market is categorized into on-premise, web-based, and cloud-based. The revenue cycle management system market with respect to component encompasses hardware, software, and services. Major applications of this market include biller’s dashboard, claims attachment rules, claims remittance updates, direct payer claims, EMR documentation for claims, eligibility transaction with payer, and medical necessity alert at registration among others. The end-users of this market are academics, ambulatory care solutions, hospitals, medical and diagnostic laboratories, and office based physicians.

 

Globally, Europe revenue cycle management (RCM) market is the second-largest segment growing at a CAGR of 6.3% during the forecast period. This growth is primarily attributed to the rise in adoption of new and updated versions of RCM solutions.

 

Emergency healthcare service providers, hospitals, nurse, and office based physicians are considered as major end-users of the revenue cycle management system market. Increased investments made by private players, reduction in the number of denied insurance claims, speeding Explanation Of Benefits (EOB) reconciliation, improved quality of information, streamlined denial management, and automation of processes are key factors propelling the growth of the revenue cycle management system market.

 

The report provides an in-depth overview of competitive landscape, in addition to company profiles, financials, growth strategies, and recent developments. Segment and country-wise company shares, news & deals, mergers & acquisitions, segment specific pipeline products, product approvals, and product recalls of major companies have also been discussed in detail. The main companies operating in this market are Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks, Inc. (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare (Germany), and Kareo, Inc. (U.S.)



Table of Contents

 

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

 

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Revenue Cycle Management System Market
    2.2 Arriving at the Revenue Cycle Management System Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Macroindicator-Based Approach
    2.3 Assumptions

 

3 Executive Summary (Page No. - 17)

 

4 Market Overview (Page No. - 18)
    4.1 Introduction
    4.2 Market Drivers and Inhibitors
    4.3 Key Market Dynamics

 

5 Global Revenue Cycle Management System Market, By Application (Page No. - 22)  
    5.1    Introduction    
    5.2    Global Revenue Cycle Management System Market, By Application

 

5 Global Revenue Cycle Management System Market, By Type (Page No. - 24)
    5.1 Introduction
    5.2 Global Standalone Revenue Cycle Management System Market, By Geography, 2013-2019 (USD MN)

 

6 Global Revenue Cycle Management System Market, By Component (Page No. - 27)
    6.1 Global Services Revenue Cycle Management System Market, By Geography, 2013-2019 (USD MN)
    6.2 Global Hardware Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)

 

7 Global Revenue Cycle Management System Market, By Deployment (Page No. - 31)

 

8 Global Revenue Cycle Management System Market, By End-User (Page No. - 35)
    8.2 Global Hospital Revenue Cycle Management System, By Geography, 2013-2019 (USD MN)
    8.3 Global Physician Revenue Cycle System Management, By Geography, 2013-2019 (USD MN)
    8.4 Global Labs Revenue Cycle Management System Market, By Geography, 2013-2019 (USD MN)
    8.5 Global Ambulatory Care Solutions Revenue Cycle Management System Market, By Geography,  2013-2019 (USD MN)

 

9 Global Revenue Cycle Management System Market, By Geography (Page No. - 40)
    9.1 North America Revenue Cycle Management System Market
           9.1.1 North America Revenue Cycle Management System Market, By Type
           9.1.2 North America Revenue Cycle Management System Market, By Component, 2013-2019 (USD MN)
           9.1.3 North America Revenue Cycle Management System Market, By Deployment, 2013-2019 (USD MN)
           9.1.4 North America Revenue Cycle Management System Market, By End-Users, 2013-2019 (USD MN)
    9.2 Europe Revenue Cycle Management System Market
           9.2.1 Europe Revenue Cycle Management System Market, By Type
           9.2.2 Europe Revenue Cycle Management System Market, By Component
           9.2.3 Europe Revenue Cycle Management System Market, By Deployment
           9.2.4 Europe Revenue Cycle Management System Market, By End-User
    9.3 Asia Revenue Cycle Management System Market
           9.3.1 Asia Revenue Cycle Management System Market, By Type
           9.3.2 Asia Revenue Cycle Management System Market, By Component
           9.3.3 Asia Revenue Cycle Management System Market, By Deployment
           9.3.4 Asia Revenue Cycle Management System Market, By End-User
    9.4 Rest of World Revenue Cycle Management System Market
           9.4.1 Rest of World Revenue Cycle Management System Market, By Type
           9.4.2 Rest of World Revenue Cycle Management System Market, By Component
           9.4.3 Rest of World Revenue Cycle Management System Market, By Deployment
           9.4.4 Rest of World Revenue Cycle Management System Market, By End-User

 

10 Revenue Cycle Management System Market: Competitive Landscape (Page No. - 60)
     10.1 Revenue Cycle Management System Market: Company Share Analysis
     10.2 Company Presence in Global Revenue Cycle Management System Market, By Type
     10.3 Mergers & Acquisitions
     10.4 Expansions
     10.5 Investments
     10.6 Joint Ventures

 

11 Global Revenue Cycle Management System Market, By Company (Page No. - 66)
     11.1 Quest Diagnostics
             11.1.1 Overview
             11.1.2 Key Financials
             11.1.3 Product and Service Offerings
             11.1.4 Related Developments
             11.1.5 MMM Analysis
     11.2 Carecloud Corporation
             11.2.1 Overview
             11.2.2 Key Financials
             11.2.3 Product and Service Offerings
             11.2.4 Related Developments
             11.2.5 MMM Analysis
     11.3 Kareo, Inc.
             11.3.1 Overview
             11.3.2 Key Financials
             11.3.3 Product and Service Offerings
             11.3.4 Related Developments
             11.3.5 MMM Analysis
     11.4 Allscripts Healthcare Solutions, Inc.
             11.4.1 Overview
             11.4.2 Key Financials
             11.4.3 Product and Service Offerings
             11.4.4 Related Developments
             11.4.5 MMM Analysis
     11.5 Athenahealth, Inc.
             11.5.1 Overview
             11.5.2 Key Financials
             11.5.3 Product and Service Offerings
             11.5.4 Related Developments
     11.6 Cerner Corporation
             11.6.1 Overview
             11.6.2 Key Financials
             11.6.3 Product and Service Offerings
             11.6.4 Related Developments
     11.7 Eclinical Works, Llc
             11.7.1 Overview
             11.7.2 Key Financials
             11.7.3 Product and Service Offerings
             11.7.4 Related Developments
     11.8 Epic Systems
             11.8.1 Overview
             11.8.2 Key Financials
             11.8.3 Product and Service Offerings
             11.8.4 Related Developments
     11.9 GE Healthcare
             11.9.1 Overview
             11.9.2 Key Financials
             11.9.3 Product and Service Offerings
             11.9.4 Related Developments
     11.10 Mckesson Corporation
             11.10.1 Overview
             11.10.2 Key Financials (2009-2013)
             11.10.3 Product and Service Offerings
             11.10.4 Related Developments

 

12 Appendix (Page No. - 94)
     12.1 Customization Options
             12.1.1 Regulatory Framework
             12.1.2 Impact Analysis
     12.2 Related Reports
     12.3 Introducing RT: Real Time Market Intelligence
             12.3.1 RT Snapshots

 

List of Tables (41 Tables)

 

Table 1 Global Revenue Cycle Management Peer Market Size, 2014 (USD MN)
Table 2 Europe Revenue Cycle Management Market: Drivers and Inhibitors
Table 3 Global Revenue Cycle Management Market, By Application,  2013-2019 (USD MN)
Table 4 Global Revenue Cycle Management Market, By Type,  2013-2019 (USD MN)
Table 5 Global Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Table 6 Global Revenue Cycle Management Market: By Application, 2013-2019 (USD MN)
Table 7 Global Revenue Cycle Management Market, By Application, 2013-2019 (USD MN)
Table 8 Global Integrated Revenue Cycle Management Market, By Geography,  2013-2019 (USD MN)
Table 9 Global Standalone Revenue Cycle Management Market, By Geography, 2013–2019 (USD MN)
Table 10 Global Services Revenue Cycle Management Market, By Geography,  2013-2019 (USD MN)
Table 11 Global Software Revenue Cycle Management Market, By Geography,  2013-2019 (USD MN)
Table 12 Global Hardware Revenue Cycle Management Market, By Geography,  2013-2019 (USD MN)
Table 13 Global Web-Based Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Table 14 Global On-Premise Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Table 15 Global Cloud-Based Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Table 16 North America Revenue Cycle Management Market, By Type,  2013-2019 (USD MN)
Table 17 North America Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Table 18 North America Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Table 19 North America Revenue Cycle Management Market, By End-Users, 2013-2019 (USD MN)
Table 20 Europe Revenue Cycle Management Market, By Type,  2013-2019 (USD MN)
Table 21 Europe Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Table 22 Europe Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Table 23 Europe Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Table 24 Asia Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Table 25 Asia Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Table 26 Asia Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Table 27 Asia Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Table 28 Rest of World Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Table 29 Rest of World Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Table 30 Rest of World Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Table 31 Rest of World Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Table 32 Revenue Cycle Management Market: Company Share Analysis, 2013 (%)
Table 33 Global Revenue Cycle Management Market: Mergers & Acquisitions
Table 34 Global Revenue Cycle Management Market: Expansions
Table 35 Global Revenue Cycle Management Market: Investments
Table 36 Global Revenue Cycle Management Market: Joint Ventures
Table 37 Quest Diagnostics: Key Financials, 2009-2013 (USD MN)
Table 38 Allscripts Healthcare Solutions, Inc.: Key Financials, 2010-2013 (USD MN)
Table 39 Athenahealth, Inc.: Key Financials, 2009-2013 (USD MN)
Table 40 Cerner Corporation: Key Financials, 2009-2013 (USD MN)
Table 41 GE Healthcare: Key Financials, 2009-2013 (USD MN)

 

List of Figures (47 Figures)

 

Figure 1 Global Revenue Cycle Management Market: Segmentation & Coverage
Figure 2 Revenue Cycle Management Market: Integrated Ecosystem
Figure 3 Top-Down Approach
Figure 4 Bottom-Up Approach
Figure 5 Macroindicator-Based Approach
Figure 6 Global Revenue Cycle Management Market Snapshot
Figure 7 Global Revenue Cycle Management Market: Types, By Geography,  2014 (USD MN)
Figure 8 Global Revenue Cycle Management Market,  By Application, 2013-2019 (USD MN)
Figure 9 Global Integrated Revenue Cycle Management Market, By Geography, 2014-2019 (USD MN)
Figure 10 Global Standalone Revenue Cycle Management Market, By Geography, 2013–2019 (USD MN)
Figure 11 Global Services Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 12 Global Software Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 13 Global Hardware Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 14 Global Web-Based Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 15 Global On-Premise Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 16 Global Cloud-Based Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 17 Global Hospital Revenue Cycle Management, By Geography, 2013-2019 (USD MN)
Figure 18 Global Physician Revenue Cycle Management, By Geography, 2013-2019 (USD MN)
Figure 19 Global Labs Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 20 Global Ambulatory Care Solutions Revenue Cycle Management Market, By Geography, 2013-2019 (USD MN)
Figure 21 North America Revenue Cycle Management Market Overview, 2014 & 2019 (%)
Figure 22 North America Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Figure 23 North America Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Figure 24 North America Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Figure 25 North America Revenue Cycle Management Market, By End-Users, 2013-2019 (USD MN)
Figure 26 Europe Revenue Cycle Management Market Overview, 2014 & 2019 (%)
Figure 27 Europe Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Figure 28 Europe Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Figure 29 Europe Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Figure 30 Europe Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Figure 31 Asia Revenue Cycle Management Market Overview, 2014 & 2019 (%)
Figure 32 Asia Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Figure 33 Asia Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Figure 34 Asia Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Figure 35 Asia Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Figure 36 Rest of World Revenue Cycle Management Market Overview, 2014 & 2019 (%)
Figure 37 Rest of World Revenue Cycle Management Market, By Type, 2013-2019 (USD MN)
Figure 38 Rest of World Revenue Cycle Management Market, By Component, 2013-2019 (USD MN)
Figure 39 Rest of World Revenue Cycle Management Market, By Deployment, 2013-2019 (USD MN)
Figure 40 Rest of World Revenue Cycle Management Market, By End-User, 2013-2019 (USD MN)
Figure 41 Revenue Cycle Management Market: Company Share Analysis, 2013 (%)
Figure 42 Global Revenue Cycle Management: Company Product Coverage, By Type, 2014
Figure 43 Quest Diagnostics: Revenue Mix, 2013 (%)
Figure 44 Quest Diagnostics: Revenue Mix
Figure 45 Allscripts Healthcare Solutions, Inc.: Revenue Mix, 2013 (%)
Figure 46 GE Healthcare Revenue Mix, 2013 (%)
Figure 47 Mckesson Corporation Revenue Mix, 2013 (%)

Revenue Cycle Management System (RCM) is a process, which manages payment and revenue generation, and also entails submitting, processing, and follow-up of claims. RCM encompasses the whole process of payment and customer management. It starts with the initiation of the order and ends with the client having a zero-balance account.

 

The objective of this report is to identify various applications, types, components, deployments, and end-users across industries, and to analyze the complete ecosystem of the revenue cycle management market globally. The report provides in-depth insights into the strategies adopted by key players of the market.

 

Revenue cycle management system (RCM) for healthcare providers enables healthcare organizations 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 by automating processes. The RCM solution starts when a patient enters the hospital, beginning with the automation process that leads to speedy follow ups, which finally enables patient and payer follow-up. Hospitals need to maintain a faster RCM cycle in order to stay solvent, maintain requisite cash flow, and to keep revenue figures stable.

 

The global revenue cycle management system market is growing due to factors, such as the consolidation of healthcare providers, initiatives taken by governmental bodies for implementing RCM solutions, and decline in reimbursement rates. The global revenue cycle management system (RCM) market was valued at $4,048.4 million in 2014, and is expected to reach $5,640.8 million by 2019, at a CAGR of 6.9% from 2014 to 2019.

 

The expansion of the Healthcare IT sector is among the major driving factors influencing the demand for revenue cycle management. Revenue cycle includes customer engagement, ranging from the communication process to the final payment by customers. Throughout the revenue cycle, the customer comes in contact with various aspects of the healthcare business. Revenue cycle helps in estimating payments and reimbursements of patients, based on the health plans that the patient holds. These tasks are carried out smoothly and efficiently with the help of revenue cycle management systems.

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PRODUCT TITLE PUBLISHED PRICE
North American Revenue Cycle Management (RCM) North American Revenue Cycle Management (RCM)
The North American Revenue Cycle Management System market is a comprehensive study that highlights the market trends and forecasts. It also includes the performances of various companies that operate in this market. Expert insights have been included in every section after thorough research.
02 Apr 2015 $ 2650
European Revenue Cycle Management  (RCM) European Revenue Cycle Management (RCM)
The purpose of this report is to define, describe, and forecast the European revenue cycle management market. It includes a deep-dive analysis of the various market segments.
27 Feb 2015 $ 2650
Asian Revenue Cycle Management System (RCM) Asian Revenue Cycle Management System (RCM)
The Asia Revenue Cycle Management System market is spread across different countries in this region. This widespread market is witnessing growth with the presence and operations of several companies. The report defines the market and analyzes the current and future trends as well as the competitive scenario.
02 May 2015 $ 2650
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