The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s healthcare RCM outsourcing market report forecasts the healthcare RCM outsourcing market size to grow to $47.79 Billion by 2027, with a CAGR (compound annual growth rate) of 15%.

Learn More On The Healthcare RCM Outsourcing Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-rcm-outsourcing-global-market-report

Healthcare RCM Outsourcing Market Size Forecast
The global healthcare RCM outsourcing market is expected to grow from $23.66 billion in 2022 to $27.26 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare RCM outsourcing market size is expected to reach $47.79 billion in 2027 at a CAGR of 15%.

North America held the largest healthcare RCM outsourcing market share.

Key Healthcare RCM Outsourcing Market Driver ­– Rise In Healthcare Spending
For instance, in July 2022, according to OECD Health Statistics 2022, health spending increased by roughly 6% on average in 2021. Additionally, in May 2022, according to JPMorgan Chase & co. report, overall healthcare spending stayed steady between 2019 and 2020 before growing by 23% in 2021. Therefore, increasing healthcare spending would drive the growth of the healthcare RCM outsourcing market.

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Key Healthcare RCM Outsourcing Market Trend – Technological Innovation
Major companies operating in the healthcare RCM outsourcing market are focused on delivering innovative solutions by incorporating artificial intelligence and machine learning in their RCM processes. Machine learning is a subfield of artificial intelligence and computer programming that utilizes algorithms and data to mimic the ways of human knowledge and gradually improve its accuracy. For instance, in June 2022, Olive AI, a US-based automation company creating the internet of healthcare, launched an autonomous revenue cycle (ARC) system to automate the revenue cycle management process in healthcare. Olive’s ARC reshapes RCM by reducing manual chores through intelligent automation, allowing healthcare businesses to focus more on patient care and reducing employee stress. It combines with pre-existing EHR and practise management systems to use an organization’s data sources and claims data over time to become more intelligent and efficient.

Healthcare RCM Outsourcing Market Segment
1) By Type: Pre-intervention, Intervention, Post-intervention
2) By Service: Back-end, Middle, Front-end
3) By End User: Clinics, Hospitals, Ambulatory Surgery Centres, Other End users

Healthcare RCM Outsourcing Market Major Players and Strategies
Major players in the healthcare RCM outsourcing market are Conifer Health Solutions, MedAssets, R1 RCM, McKesson, Parallon Business Solutions , The SSI Group, Cerner Corporation, Cognizant, Optum360, Greenway Health LLC, Medvertex, International Business Machines Corporation, MediRevv, Drchrono Inc., Pulse Systems Inc., edgeMED Healthcare, MediRevv, and Greenway Health LLC.

In June 2022, Linden Capital Partners, a Chicago-based private equity firm focused on the healthcare industry, acquired Aspiron for an undisclosed amount. With this acquisition, the board will co-operate with the Aspirion team to accomplish Linden and management’s shared vision of driving a step change improvement in RCM solutions, offering greater benefits for healthcare providers and the patient they serve. Aspiron is a US-based revenue cycle management (RCM) company for hospitals and health care.

The Healthcare RCM Outsourcing Global Market Report 2023 covers regional data on healthcare RCM outsourcing market size, healthcare RCM outsourcing market trends and drivers, opportunities, strategies, and healthcare RCM outsourcing market competitor analysis. The countries covered in the healthcare RCM outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The healthcare RCM outsourcing refers to the outsourcing of financial processes used by healthcare facilities. It manages administrative and clinical claims processing, payment, and revenue-generating operations. The primary advantage of outsourcing hospital revenue cycle management is that it engages an outside team to handle administrative functions like invoicing, auditing, and other non-provider-related duties.

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