Healthcare Revenue Cycle Management Market Growth Forecast Shows USD 100 Billion Revenue by 2024

Healthcare Revenue Cycle Management Market size is set to exceed USD 100 billion by 2024

Growing preference for value-based healthcare services along with execution of big data analytics will fuel revenue cycle management market value over the coming seven years. Furthermore, escalating need for reducing billing errors will boost the industry trends over the forecast timeframe. Revenue cycle management market is anticipated to surpass USD 100 billion by 2024. High compliance requirements such as HIPAA v5010 and ICD-10 along with the rise in fraud screening activities will propel the demand for revenue cycle management solutions.

Heavy funding for healthcare activities across the globe will further augment the industry revenue over the coming seven years. In addition, widespread application of medical practice management software systems as effective tools for minimizing the processing costs for claims will elevate market expansion.

Request a Sample Copy of Global Healthcare Revenue Cycle Management Market Research Report @ https://marketsizeforecasters.com/get-sample/42572/?utm_source=WOD-NL

Physician billing firms accounted for over 40% of global revenue cycle management market share in 2015, and will drive the industry growth over the coming years. These firms can optimize collections, increase claim submissions, and improve processes with the help of efficient revenue cycle management systems.

Integrated revenue cycle management market size, worth USD 34 billion in 2015, is projected to grow significantly over 2016-2024. The growth can be attributed to the product ability to carry out proficient financial and clinical operations. An integrated revenue cycle management system comprises EHRs, patient scheduling applications, medical billing, etc. and is being widely preferred over the standalone products due to the paradigm shift from volume to value based services.

Enquiry Discount for Global Healthcare Revenue Cycle Management Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/42572

Regional highlights of Healthcare Revenue Cycle Management Market over 2016-2024 are given below:

Germany industry accounted for over 20% of Europe market share in 2015, and will grow substantially over the years to come. Heavy investments in healthcare activities along with favorable legislations are expected to drive the revenue. In addition, higher rate of digitization in businesses coupled with the advent of big data analytics will further escalate the regional growth.

Brazil market, worth USD 650 million in 2015, is projected to register an annual growth rate of 13% over 2016-2024. The growth can be attributed to high expenditure across the healthcare IT sector coupled with a significant increase in the life expectancy.

Japan revenue cycle management industry size is projected to exceed USD 6 billion by 2024, owing to wide application of cloud systems across clinics.

Key industry participants include Experian Plc, CareCloud, Siemens Healthineers, GE Healthcare, Allscripts Healthcare Solutions Inc., Quest Diagnostics Company, Cerner Company, McKesson Corporation, and Athenahealth Inc.

More info: https://marketsizeforecasters.com/healthcare-revenue-cycle-management-market

Related Reports: –

Global Healthcare Analytical Testing Services Market Research Report 2017

In this report, the global Healthcare Analytical Testing Services market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://marketsizeforecasters.com/global-healthcare-analytical-testing-services-market

About Us:

MarketSizeForecasters.com, a Skyline Market Research LLP brand, is an online aggregator of market research reports. MarketSizeForecasters.com offers a comprehensive collection of full length reports on global and regional markets in 100+ industry verticals. We have partnered with some of the leading business and market research publishing houses and regularly update our online library to offer wide range of reports to our customers.

Contact Us:

Market size forecasters

The Green Suite #4594,

Dover, DE 19901

United States

Phone: 1-201-355-0868

US Toll Free: 1-866-764-2150

Email: sales@marketsizeforecasters.com

Website: http://marketsizeforecasters.com/

News: https://marketsizeforecasters.com/news

Connect with us: LinkedIn | Twitter

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s