The "Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global healthcare RCM outsourcing market reached a value of US$ 14.6 Billion in 2020. Looking forward, the global healthcare RCM outsourcing market to exhibit strong growth during the next five years.
Revenue Cycle Management (RCM) is a financial process which is used for managing payment, claim processing and revenue generation. It is utilised by medical billing companies or healthcare facilities for the purpose of addressing issues and following up the claims process.
There are numerous benefits which are offered by RCM outsourcing such as doctors have a better control and understanding of their revenue cycles. It also helps in maintaining billing operations and reducing the operating costs of office infrastructure, software and equipment.
Governments across various nations have been introducing stringent regulations over the past few years regarding healthcare, due to which there has been a significant rise in the operating costs of healthcare facilities and medical billing companies. This has created opportunities for outsourcing companies to assist them in revenue cycle management which acts as a major factor driving the growth of the global healthcare RCM outsourcing market.
In addition to this, healthcare facilities have been facing several issues like rising financial challenges which has resulted in the need for augmented speed of billing. This, in turn, has highly contributed towards a propelling growth in the demand for RCM outsourcing agencies.
Moreover, other factors which are bolstering the growth of the market include increasing industrialisation and urbanisation rates as well as a rapid rise in the prevalence of diseases across the globe.
Based on type, the market has been segmented as pre-intervention, intervention and post-intervention.
The market has been further segregated on the basis of services which include back-end services, middle services and front-end services. Among these, back-end services hold the majority of the market share.
On the basis of end-user, hospitals represent the largest segment.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, North America is the leading market owing to the rising adoption of advanced technologies which include electric health record (EHR) systems and hospital information systems.
The competitive landscape of the market has also been examined with some of the key players being Conifer Health Solutions, Emdeon Business Services, MedAssets, McKesson, Parallon Business Solutions and The SSI Group.
Key Questions Answered in This Report:
How has the global healthcare RCM outsourcing market performed so far and how will it perform in the coming years?
What are the key regions in the global healthcare RCM outsourcing market?
What has been the impact of COVID-19 on the global healthcare RCM outsourcing market?
Which are the popular product types in the global healthcare RCM outsourcing market?
What are the key end-user segments in the global healthcare RCM outsourcing market?
What are the major services in the global healthcare RCM outsourcing market?
What are the various stages in the value chain of the global healthcare RCM outsourcing industry?
What are the key driving factors and challenges in the global healthcare RCM outsourcing industry?
What is the structure of the global healthcare RCM outsourcing industry and who are the key players?
What is the degree of competition in the global healthcare RCM outsourcing industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Healthcare RCM Outsourcing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.5 Market Breakup by Type
5.6 Market Breakup by Services
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.11 Value Chain Analysis
5.11.2 Research and Development
5.11.4 Products and Services
5.11.5 Marketing and Distribution
5.11.6 End Users
5.11.7 Post Sales Services
5.12 Porters Five Forces Analysis
6 Market Breakup by Type
7 Market Breakup by Services
8 Market Breakup by End-User
9 Market Breakup by Region
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Conifer Health Solutions
10.3.2 Emdeon Business Services
10.3.5 Parallon Business Solutions
10.3.6 The SSI Group
For more information about this report visit https://www.researchandmarkets.com/r/ke35yp
View source version on businesswire.com: https://www.businesswire.com/news/home/20210420005751/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900