Global Business Research Company Revenue Cycle Management Software Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, United Kingdom, Aug. 24, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Revenue Cycle Management Software Global Market Report 2022”, the revenue cycle management software market share is expected to grow from $41.72 billion in 2021 to $46.14 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. Market growth is primarily driven by businesses resuming operations and adapt to the new normal while recovering from the impact of COVID-19, which had earlier led to restrictive containment measures involving social distancing, remote working and the closure of business activities which have resulted in operational challenges.The RCM Software Market is expected to reach USD 69.16 Billion by 2026 at a CAGR of 10.6%. hospital and outpatient visits are expected to drive the revenue cycle management software market.
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Key Revenue Cycle Management Software Market Trends
Revenue cycle management software industry trends include the integration of artificial intelligence (AI) shaping the market. Top leaders in healthcare analytics are actively implementing or planning to execute an AI strategy that will help drive faster decisions and reduce operational expenses. For example, in April 2019, VisiQuate, Inc., a leader in healthcare business analytics, announced a formal partnership with Etyon Health to integrate the business analytics platform and deep machine learning algorithms to continuously improve performance through improved operational insights and automate claim decisions based on complex data science. Etyon Health is a developer of AI-based RCM solutions.
Revenue Cycle Management Software Market Overview
The revenue cycle management software market includes sales of revenue cycle management software services by entities (organizations, sole traders, and partnerships) that provide revenue cycle management, which is the financial process, using a medical billing software, which healthcare facilities use to track patient care. episodes from registration and booking to final payment of a balance. Only goods and services exchanged between entities or sold to final consumers are included.
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TBRC Global Revenue Cycle Management Software Market Report 2022 covers the following insights:
Market Size Data
• Forecast period: historical and future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, USA.
• By product: integrated, standalone
• By function: claim and denial, medical billing and coding, patient insurance eligibility verification, payment remittance, electronic health record (EHR), clinical documentation enhancement (CDI), other
• By deployment: web-based, on-premises, cloud-based
• By Geography: The global revenue cycle management software market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as Accretive Health, Billing Blues, 3M Health Information Systems, QWay Health, MedSecretery, Medserv, Medical Accounting Services, Patient Billing, R1 RCM and Australian Medical Billing Service.
Trends, opportunities, strategies and much more.
The Global Revenue Cycle Management Software Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the Revenue Cycle Management Software market. Market report analyzes Revenue Cycle Management Software market size, Revenue Cycle Management Software market growth drivers, Global Revenue Cycle Management Software market segments, key players of the global revenue cycle management software market, the growth of the global revenue cycle management software market in geographies and revenue cycle management. the revenues of competitors in the software market and their positioning in the market. The Revenue Cycle Management Software market report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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