The North American Revenue Cycle Management (RCM) market is spread across various countries in this region. There are a lot of companies and their subsidiaries with their operations in this market. The report elaborates on market growth factors along with sales figure and forecast between 2013 and 2018.
Revenue Cycle Management is an integral administrative function in the healthcare industry. This function helps the staff in managing claims, payments, and revenues. This enables hassle-free processing of transactions and eliminates errors. The whole process is helpful for running a healthcare facility.
Revenue Cycle Management Systems are sophisticated systems designed keeping in mind the requirements of healthcare facilities and the transactions and claims processed on a regular basis. This system captures all the information required for processing a transaction, right from the patient details to the insurance provider details and other necessary data that needs to be referred during the course of treatment and claims processing.
An RCM system enables coding needed for proper medical billing. Coding rules must be followed during this process otherwise the facility faces risk of non-compliance. After coding is done and necessary changes or edits made, the claim can be sent to the insurance company for processing. If there is denial of claim, the claim can be resubmitted.
Automation of RCM is important as it brings down the number of errors and fraudulent claims posted.
The report on North American Revenue Cycle Management market is prepared with extensive primary and secondary research. The report covers various details of the market that help in understanding how it is performing and the progress it will witness during the forecast period of 2013-2018.
On the basis of types, the market is segmented into web scheduling, integrated RCM system, standalone RCM system, web pre-registration, medical necessity alert at registration, medical necessity alert at scheduling, claims attachment rules, claims denial rules, biller’s dashboard, EMR documentation for claims, claims remittance updates AR, direct payer claims, EFT transaction, eligibility transaction with payer, web bill pay, and revenue cycle management system-other applications.
Companies of this market are Kareo, Allscripts, Quest Diagnostics, SSI Group, Inc., Athenahealth, eClinicalWorks, Cerner Corporation, CareCloud Corporation, McKesson Corporation, and GE Healthcare.
Endusers of this market are hospitals, office-based physicians, ambulatory care solutions, and medical & diagnostic laboratories. Macroindicator of this market is healthcare expenditure. Components of this market are hardware-healthcare IT, software-healthcare IT, and services-healthcare IT. Deployments of this market include on-premise systems, cloud-based systems, and web-based systems.
The report focuses on market figures, describing the performance of companies and the subsidiaries serving this market. Development strategies of various companies and their market share have also been included in the report.
1.1 Introduce the Market
1.2 Objective of the study
1.3 Market Definition and Scope of the study
1.3.1 Market Definition
1.3.2 Areas covered
1.3.3 Markets Covered
1.5 Research Methodology
1.5.1 Secondary sources
1.5.2 Primary Sources
1.5.3 Market estimation methodology (Top-down, bottom-up, data triangulation.)
1.5.4 Macro indicators for the study
1.7 List of Acronyms
2 Market Overview
3 Revenue Cycle Management System (RCM)-North America, By Deployments
3.1 Revenue Cycle Management System (RCM)-Web-based-North America
3.2 Revenue Cycle Management System (RCM)-On-premise-North America
3.3 Revenue Cycle Management System (RCM)-Cloud-based-North America
4 Revenue Cycle Management System (RCM)-North America, By Components
4.1 Revenue Cycle Management System (RCM)-Services (Healthcare IT)-North America
4.2 Revenue Cycle Management System (RCM)-Software (Healthcare IT)-North America
4.3 Revenue Cycle Management System (RCM)-Hardware (Healthcare IT)-North America
5 Revenue Cycle Management System (RCM)-North America, By Products
5.1 Standalone RCM System-North America
5.2 Integrated RCM System-North America
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