Revenue Cycle Management (RCM) Market In US Growth Analysis | Acclara Solutions LLC, Athenahealth Inc., and Change Health Care. are among the key contributors

Competitive Benchmarking and Vendor Forecasts for 2023-2027

The US revenue cycle management (RCM) market is forecasted to witness a humongous growth of USD 11,985.2 million with an accelerating growth at a CAGR of 9.94% between 2022 and 2027.

The growing need to reduce revenue leakages in healthcare systems, the rise in the adoption of electronic health records (EHR) in the US, and the increase in healthcare-related spending in the US are the determinants that contributed significantly to the market expansion Revenue Cycle Management (RCM) Market in the US.

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities.

Key Companies and their key offerings: When it comes to the key market placers in the market landscape some of the examples comprise.

• Acclara Solutions LLC offers revenue cycle management solutions such as Patient Access, Revenue Integrity and Coding, Business Office, and Community Provider Solutions.
• Athenahealth Inc. offers revenue cycle management solutions such as athenaIDX for large practices, health systems, billing services, and hospitals.
• Change Healthcare Inc. offers revenue cycle management solutions and services for healthcare providers including hospitals, health systems, physicians, and non-hospital emergency medical service providers to support cash flow, increase speed to payment, and contain costs at a faster rate.

Some of the prominent names worth mentioning include CareCloud Inc., Cognizant Technology Solutions Corp., Computer Programs and Systems Inc.,eClinicalWorks LLC, Epic Systems Corp., Experian Plc, International Business Machines Corp., Koch Industries Inc., McKesson Corp., Medical Information Technology Inc., Oncospark Inc., etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a Sample Report

Revenue Cycle Management (RCM) Market In the US: Market Highlights

• The Revenue cycle management (RCM) market in us is segmented by Product (Software and Services) and End-user (Hospitals, Physicians, and Medical labs).
• North America led the market with 100% of the market growth set to originate from this region during the forecast period.
• Growing need to reduce revenue leakages in healthcare systems is one of the primary factors driving the growth of the revenue cycle management (RCM) market in us. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 

Quick Info: RCM is a financial procedure that healthcare facilities use to track patient care activities, right from registration and appointment scheduling to the final payment of the bill, making use of medical billing software. It links administrative data, such as patient name, insurance company, and other personal information, with the treatment a patient receives and his or her healthcare data, thereby integrating the business and clinical sides of healthcare.