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The revenue cycle management (RCM) market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 12%, as per The Business Research Company’s market report!

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The Revenue Cycle Management (RCM) Market Size In 2022 And Forecast
The global revenue cycle management (RCM) market is expected to grow from $90.24 billion in 2021 to $102.32 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The revenue cycle management market is expected to grow to $163.45 billion in 2026 at a CAGR of 12.4%.

The revenue cycle management refers to the services used by healthcare providers to be financially viable and to continue providing their patients high-quality treatment through the process of locating, obtaining, obtaining.

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Increase In Healthcare Expenditure Is Driving The Growth Of The Revenue Cycle Management (RCM) Market
For instance, according to the U.S. Centres for Medicare & Medicaid Services, a US-based federal agency, in 2019, US healthcare spending increased by 4.6% reaching $3.8 trillion or $11,582 per person. This growth rate is substantially higher than in 2019 (4.3 %). Therefore, the increasing healthcare expenditure is driving the growth of the revenue cycle management market.

Competitive Landscape And The Regional Analysis Of The Revenue Cycle Management (RCM) Market
The SSI Group LLC, Allscripts Healthcare Solutions Inc, Experian Health, R1 RCM Inc, McKesson Corporation, Athenahealth Inc., Epic Systems Corporation, Quest Diagnostics Inc., Cerner Corporation, Constellation Software, GE Healthcare, eClinicalWorks, NXGN Management LLC, CareCloud Corporation, AdvantEdge Healthcare Solutions, Huron Consulting Group, Optum Inc, 3M, Cognizant, GeBBSHealthcare Solutions, Infosys Limited, Oracle Corporation, Accenture plc, and Conifer Health Solutions LLC.

Additionally, as per TBRC’s research – North America was the largest region in the revenue cycle management (RCM) market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Revenue Cycle Management (RCM) Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the revenue cycle management (RCM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the revenue cycle management (RCM) market.

Technological Advancement – A Key Trend In The Revenue Cycle Management (RCM) Market
Major companies operating in the revenue cycle management market are focused on developing new technological solutions to strengthen their position.

Revenue Cycle Management (RCM) Market Segmentation By The Business Research Company

1) By Product: Integrated, Standalone

2) By Component: Software, Services

3) By Function: Claims And Denial Management, Medical Coding and Billing, Electronic Health Record (EHR), Clinical Documentation Improvement (CDI), Insurance, Other Functions

4) By Deployment: Web-Based, Cloud-Based, On-Premises

5) By End User: Hospitals, General Physicians, Labs, Other End Users

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