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Healthcare RCM Market in US 2016-2020

Published: May 26, 2016 | Pages: 60 | Publisher: Technavio | Industry: ICT | Report Format: Electronic (PDF)

About the Healthcare Revenue Cycle Management Market in US
 
Healthcare service providers had deployed automated systems to address the RCM processes and to fill the payment gap, resulting from the complex processes of medical billing and collections. IT applications such as hospital information system and EHR have outdated technology platforms that lack the advanced functionalities needed to address RCM issues. The inefficient manner of medical billing and collections resulted in revenue loss for many healthcare organizations. Given the issues pertaining to revenue cycle processes and workflows, hospitals and health systems considered outsourcing their RCM services. This outsourcing of RCM services can ensure maximum collections in the face of growing challenges and reduce the potential revenue leakage for different RCM processes.
 
Technavio's analysts forecast the healthcare revenue cycle management market in US to grow at a CAGR of 12.89% during the period 2016-2020.
 
Covered in this report 
The report covers the present scenario and the growth prospects of the healthcare revenue cycle management market in US for 2016-2020. To calculate the market size, we considered revenues generated from the sale of RCM solutions that include software suits that are stand-alone and integrated solutions and services (consultation, outsourcing, training, and maintenance).
 
Technavio's report, Healthcare Revenue Cycle Management Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. 
 
Key vendors 
-Allscripts 
-Cerner
-GE Healthcare
-McKesson
-SSI Group
 
Other prominent vendors 
-Adreima 
-Alleviant 
-Avadyne Health 
-Cardon Outreach
-Health Systems Management Network 
-MediRevv
-Precyse Solutions
-Source Medical Solutions
-Sutherland Global Services 
-Syncordia Technologies and Healthcare Solutions
-T-System
-Xerox
 
Market driver 
-Rise in recovery audits due to changing healthcare regulations
-For a full, detailed list, view our report 
 
Market challenge 
-Frequent changes in healthcare compliance requirements
-For a full, detailed list, view our report 
 
Market trend 
-Strong clinical network connectivity with medical practitioners
-For a full, detailed list, view our report 
 
Key questions answered in this report 
-What will the market size be in 2020 and what will the growth rate be?
-What are the key Market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the Key vendors in this market space?
-What are the market opportunities and threats faced by the Key vendors?
-What are the strengths and weaknesses of the Key vendors ? 
 
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
 Table of Content
PART 01: Executive summary -Key findings PART 02: Scope of the report -Top-vendor offerings PART 03: Market research methodology -Research methodology -Economic indicators PART 04: Introduction -Key market highlights -PART 05: RCM -Overview -Phases of evolution -Importance of RCM PART 06: Revenue leakage in healthcare system -RCM in other industries PART 07: Outsourcing trend -Healthcare RCM outsourcing PART 08: Market developments -Major M&A in healthcare RCM market in US -Government regulations impacting healthcare RCM market PART 09: Segmentation by process -Integrated RCM -Stand-alone RCM PART 10: Market size and forecast -US healthcare RCM market size and forecast -PART 11: Market segmentation by deployment -Market overview -US healthcare RCM market by deployment 2015-2020 PART 12: Market segmentation by end-user -US healthcare RCM market by end-user PART 13: Buying criteria PART 14: Market drivers -Increase in healthcare needs of older adult population -Rise in recovery audits due to changing healthcare regulations -Increased need to minimize revenue leakage PART 15: Impact of drivers PART 16: Market challenges -Selection of vendors according to specific needs -Frequent changes in healthcare compliance requirements -Limited accessibility to patient records PART 17: Impact of drivers and challenges PART 18: Market trends -Integration of analytics into healthcare services -Strong clinical network connectivity with medical practitioners -Increased M&A in healthcare RCM market PART 19: Five forces analysis PART 20: Vendor landscape -Competitive scenario -Category matrix of top RCM vendors in US PART 21: Key vendor profiles -Allscripts -Cerner -GE Healthcare -McKesson -SSI Group PART 22: Other prominent vendors -Adreima -Alleviant -Avadyne Health -Cardon Outreach -Health Systems Management Network -MediRevv -Precyse Solutions -Source Medical Solutions -Sutherland Global Services -Syncordia Technologies and Healthcare Solutions -T-System -Xerox PART 23: Appendix -List of abbreviations PART 24: Explore Technavio
List of Exhibits Exhibit 01: Healthcare revenue cycle Exhibit 02: Canadian dollar/USD conversion rates 2012-2015 Exhibit 03: Product offerings Exhibit 04: Evolution of healthcare RCM industry Exhibit 05: Potential areas of revenue leakage in healthcare sector Exhibit 06: RCM outsourcing services Exhibit 07: M&A in RCM software industry 2012-2016 Exhibit 08: ICD-10 in other countries Exhibit 09: Healthcare RCM market by process Exhibit 10: Healthcare RCM market in US 2015-2020 ($ billions) Exhibit 11: US healthcare RCM market by deployment 2015 (% share) Exhibit 12: US healthcare RCM market by deployment 2020 (% share) Exhibit 13: US healthcare RCM market by deployment 2015-2020 ($ billions) Exhibit 14: Healthcare RCM market in US by end-user 2015 (% share) Exhibit 15: Buying criteria Exhibit 16: Impact of drivers Exhibit 17: Impact of drivers and challenges Exhibit 18: Five forces analysis Exhibit 19: Category matrix of top RCM vendors in US

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