Market Overview –
By 2030, experts predict that the global revenue cycle management market would be worth $658.7 billion. From 2022 to 2030, the market is anticipate to grow at a CAGR of 11.6%. The increasing digitization of healthcare is pushing businesses to use healthcare IT solutions like Revenue Cycle Management (RCM) systems.
Until 2027, the study examines the global AIDS market and its numerous trends, drivers, restraints, opportunities, and threats. It also provides key insights, revenue statistics, and other important information about the industry. According to product, component, deployment, end user, and geography, the study on the worldwide revenue cycle management market is broken down.
Covid-19 Impact –
Medical clinics of all sizes have felt the effects of the COVID-19 epidemic, and hospitals all around the world are struggling to cope with the influx of new patients. The need for electronic health record (EHR) systems, patient registries, and other healthcare data management platforms has grown in tandem with the number of patients in need of medical attention. More and more hospitals are putting effort into expanding their capacities by integrating EHRs with other hospital systems.
With the goal of better assisting healthcare professionals in managing COVID-19 patients, key players in this market have improve and integrate AI into their RCM platforms. The scenario has prompter several major suppliers, including Cerner Corporation, Optum, McKesson, and 3M Company, to release RCM systems that incorporate cutting-edge technologies.
Market Dynamics –
Globally, the number of persons age 60 and more is projects to double from its 2015 level of 900 million to reach 2 billion by 2050, as reporter by the World Health Organization (WHO).
According to the CDC, almost 70% of annual deaths in the United States are cause by chronic diseases like cancer, cardiovascular disease (CVD), diabetes, and respiratory ailments.
The number of insurance claims has skyrockets over the world as the older population has grown and chronic diseases have become more common. People are opting for health insurance for a variety of reasons, including the rising expense of healthcare. Deloitte predicts that healthcare spending would increase from USD 7.724 trillion in 2017 to USD 10.059 trillion in 2022, an annual growth rate of 5.4%.
Recent Development –
In September 2021, Workday said that Google LLC had subscribe to a number of new tools to better manage its worldwide workforce. These include Workday Adaptive Planning, Workday Extend, Workday Prism Analytics, and Workday Strategic Sourcing.
In May of 2020, Workday and Microsoft announce their collaboration. By deploying Workday Adaptive Planning in the Microsoft Azure cloud, the partners hope to increase the capabilities of cloud-base enterprise planning software.
Customization Available –
When it comes to cutting-edge exploratory studies, Zion Market Research is unrivaled. We are happy to provide our current and future clients with data and analysis that is tailore to their specific needs. Modifications to the report are possible in several areas: clinical trial outcomes data, literature research, refurbishment market and product base analysis, and pricing trend analysis of target brands in order to comprehend the market for more countries (ask for the list of countries).
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Any number of competitors’ profiles can be add, in the desire structure and data style. We have analysts on staff who can help you make sense of the data in the report by providing you with pivot tables (Factbook) or raw Excel files.
Competitive Landscape –
The competitive landscape of the revenue capital management (RCM) industry includes information on each player in the market. The above information is only relevant to the revenue capital management (RCM) market, which is the primary focus of the organizations listee.
Companies Profiled –
Healthcare Resource Group
Conifer Health Solutions
By Deployment –
By End-User –
By Region –
Middle East & Africa