The global Healthcare RCM Outsourcing industry was 11713.04 million USD in 2017 and is projected to reach USD 22101.11 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 11.16% between 2017 and 2023. The market is driven by various end-users, such as small/rural hospitals, community hospitals, large hospitals & academic medical centers. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas company prefers investing in underdevelopment regions these years.
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The Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower prices to their patients. Increasing healthcare costs is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services. The process starts by gathering information from patients, documentation records, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered a healthcare RCM. Revenue cycle management (RCM) is a fundamental process that enables a company to be paid for providing their services. For most healthcare providers, RCM includes everything from pre-registering a patient all the way through the final zero balance invoicing for a particular visit.
The prominent players in the global Healthcare RCM Outsourcing market are:
Conifer Health Solutions, nthrive (Medassets + Precyse), optum360, GeBBS Healthcare, Change Healthcare (Emdeon), McKesson RelayHealth, Parallon (HCA), MedData (Cardon Outreach), MedAssist (Firstsource), Availity, The SSI Group, Accretive Health (R1 RCM Inc), Cerner
Market segment by Types:
Pre-intervention
Intervention
Post-intervention
Market segment by Applications:
Small/Rural Hospitals
Community Hospitals
Large Hospitals & Academic Medical Centers
Market Segmentation by Region:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America
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Global Healthcare RCM Outsourcing Market: Research Methodology
The report considers the various factors based on secondary sources, market size, key data parameters such as the market positioning of key players in terms of the regional revenue, segmental revenue. Geographic penetration also shows the market potential, market risk, industry trends, and opportunities. Secondary sources mainly include journals, companies’ annual reports, websites, public and paid databases, and press releases.
There are some useful suggestions and recommendations provided in the report that will help players to strengthen their market position. The report serves its readers both ways, i.e. by offering quick data and information and by providing comprehensive analysis. This helps the report to cater to the needs or expectations of different buyers. Moreover, the report can be customized according to the requirements of buyers. Market players use it to plan out new strategies or amend their existing ones for improving sales and profit margins.
Furthermore, Global Healthcare RCM Outsourcing Market following points are involved along with a detailed study of each point: –
– Global Healthcare RCM Outsourcing Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Healthcare RCM Outsourcing Market competition by Manufacturers (2020-2026)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2026)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Healthcare RCM Outsourcing Market Effect Factors Analysis (2020-2026)
– Global Healthcare RCM Outsourcing Market Forecast (2020-2026)
– Global Healthcare RCM Outsourcing Market Research Findings and Conclusion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges, and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
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