Published on : Jul 26, 2017
Albany, New York, July 26, 2017: “Global Healthcare Revenue Cycle Management (RCM) Software Market 2017-2021” is a fresh and holistic take on the burgeoning market for RCM software in the healthcare industry. The report also calculates forecast values for the global healthcare RCM software market, which includes the revenue generated in the market through both standalone and integrated solution software suites from a global perspective.
According to the report, the global healthcare RCM software market is expected to expand at a CAGR of 4.50% within a forecast period from 2017 to 2021. A key factor promoting this growth rate in the market is the growth in demand for recovery audits in the healthcare industry. The regulatory structure in the global healthcare industry has been going through a series of global and regional changes over the recent past, and players from the global healthcare RCM software market can provide the right solutions to help manage the overhaul.
However, the global healthcare RCM software market is currently being restrained by the lack of customized solutions being made available. There needs to be a better choice of key software and vendors that can help different aspects of the healthcare industry make the most of RCM software. While this could be resolved over time through the introduction of newer players in the market, another current market trend is benefitting players from several regions. The growing rate of digitization in the healthcare industry is allowing for medical practitioners to build a stronger clinical network than before, allowing for a wider scope of opportunities for the global healthcare RCM software market.
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The report also dissects the global healthcare RCM software market from a regional perspective. The key regions explained in the report include the Americas, Asia Pacific, and the EMEA. Each region is described in detail regarding their current status in the global healthcare RCM software market and their rate of progress over the coming years.
Service providers in the healthcare industry can release increasingly automated systems the revenue cycle management processes in order to fill the gap in payments that may be caused by errors in medical billing and collections procedures. Common IT applications in healthcare include electronic health records and hospital information systems, both of which contain a large volume of outdated technologies platforms that do not possess the functionalities required to address current RCM problems. Hospitals and health systems prefer to outsource the RCM services due to the issues pertaining to revenue cycle processes and workflows.
The leading players in the global healthcare revenue cycle management (RCM) software market to date, have included Allscripts, Cerner, GE Healthcare, and McKesson. For each player, the report delves into their business profiles, currently active market strategies, and overall scope of growth for the given forecast period. Other prominent players mentioned in the report include Alleviant, Athenahealth, Avadyne Health, MedData, MediRevv, Navigant Cymetrix, nThrive, OPTUM, SourceMed, and ZirMed.
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