Global Revenue Cycle Management Healthcare Market to reach $100bn by 2024 - PowerPoint PPT Presentation

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Global Revenue Cycle Management Healthcare Market to reach $100bn by 2024

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Get more details @ Some of the notable industry players operating in healthcare revenue cycle management market include Allscripts Healthcare Solutions, Athenahealth, CareCloud, Cerner, Experian, GE Healthcare, McKesson, Quest Diagnostics, and Siemens Healthcare among others. – PowerPoint PPT presentation

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Title: Global Revenue Cycle Management Healthcare Market to reach $100bn by 2024


1
Healthcare Revenue Cycle Management Industry
Trends, Market Players, Research Report 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from HRCM Market
  • (HRCM) Healthcare Revenue Cycle Management Market
    size is set to exceed USD 100 billion by 2024
    according to a new research study published by
    Global Market Insights, Inc.
  • HRCM is recognized as the most important system
    in a healthcare technology infrastructure.
    Healthcare providers employ certified Electronic
    Health Records (EHR) and automated practice
    management to save cost by reducing the number of
    denied claims and enabling patients to pay bills
    online. Introduction of advanced automated
    solutions have helped clinical and front desk
    staff, providers, and coders billers to
    increase performance level and save time. With
    increasing business, patients are using multiple
    channels to make payments for the services
    received at clinic or hospitals. Increasing
    number of benefits will stimulate the healthcare
    revenue cycle management market growth over the
    forecast timeline.

3
Continued...
  • The growing government and private insurance
    shift from volume to value-based healthcare,
    demand to reduce billing errors and
    implementation of big data analytics should drive
    the healthcare revenue cycle management market. A
    steady stream of government compliance
    requirements such as ICD-10 transition and HIPAA
    v5010 and increased fraudulence screening are
    generating demand for more robust solutions.
  • Integrated solutions should be the major revenue
    generating segment in 2015 due to enhanced
    operational capabilities and streamlined
    financial and clinical systems with greater
    insights into costs, treatments, and outcomes.
    Healthcare revenue cycle management market
    services are forecast to be the leading component
    segment owing to stability provided over
    frequently updating software.

4
Germany Healthcare Revenue Cycle Management
Market Size, By Component, 2012-2024 (USD Bn)

5
Browse Full Market Research Report On
Healthcare Revenue Cycle Management Market _at_
http//bit.ly/2n3ZULk Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/1170
https//www.gminsights.com/request-sample/detail/4
9
6
Continued...
  • Cloud based solutions held over 75 of the 2015
    healthcare revenue cycle management market share
    due to adoption of electronic health records for
    efficient data mining and accurate assessment of
    the health information. Increased demand for
    accountable care participation, reimbursement and
    payment reforms, ICD-10 coding challenges, and
    declining revenue will drive the industry by
    2024.
  • U.S. healthcare revenue cycle management market
    is forecast to rise significantly over the coming
    years. Increased funding and insurance coverage
    has expanded Medicaid coverage and introduced
    mandatory health insurance under the Affordable
    Care Act. This is set to boost the demand for
    these solutions in the region.

7
Continued...
  • Germany healthcare revenue cycle management
    market share accounted for more than 20 of
    overall European revenue in 2015 owing to
    increasing healthcare spending. Emergence of big
    data analytics, business digitalization, and
    favorable government regulations are some of the
    factors driving business growth.
  • China healthcare revenue cycle management market
    size will witness robust growth of over 15 from
    2016 to 2024, due to increase in the IT skills,
    sustainable economic growth and increasing health
    insurance demand. Japan healthcare revenue cycle
    management market is expected to surpass USD 6
    billion by 2024 due to increasing use of cloud
    systems among small hospitals and clinics and
    increased acceptance of these solutions among the
    medical fraternity.

8
Continued...
  • Brazil healthcare revenue cycle management market
    was valued over USD 650 million in 2015, growing
    at 13 CAGR from 2016 to 2024. Increasing
    government and private investment in healthcare
    information technology coupled with rising life
    expectancy is expected to witness promising
    growth over the forecast period. Some of the
    major companies operating in the industry include
    Cerner, Athenahealth, Allscripts, Siemens,
    CareCloud, GE Healthcare, McKesson, Experian and
    Quest Diagnostics.

9
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