Report overview
Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower price to their patients. Increasing healthcare cost is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services. The process starts from gathering information from patients, documentation record, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered as healthcare RCM. Revenue cycle management (RCM) is the fundamental process that enables a to be paid for providing their services. For most healthcare providers, RCM includes everything from pre-registering a patient all the way through the final zero balance invoicing for a particular visit.
This report aims to provide a comprehensive presentation of the global market for Healthcare RCM Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Healthcare RCM Outsourcing. This report contains market size and forecasts of Healthcare RCM Outsourcing in global, including the following market information:
Global Healthcare RCM Outsourcing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Healthcare RCM Outsourcing market was valued at US$ 20600 million in 2022 and is projected to reach US$ 40270 million by 2029, at a CAGR of 10.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Healthcare RCM Outsourcing key players include Conifer Health Solutions, nthrive (Medassets + Precyse), optum360, GeBBS Healthcare, Change Healthcare (Emdeon) etc. Global top five manufacturers hold a share over 30%.
North America is the largest market, with a share over 70%, followed by Europe and Asia-Pacific, both have a share over 20% percent.
In terms of product, Pre-intervention is the largest segment, with a share over 40%. And in terms of application, the largest application is Large Hospitals & Academic Medical Centers followed by Small/Rural Hospitals.
We surveyed the Healthcare RCM Outsourcing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Healthcare RCM Outsourcing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Healthcare RCM Outsourcing Market Segment Percentages, by Type, 2022 (%)
Pre-intervention
Intervention
Post-intervention
Global Healthcare RCM Outsourcing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Healthcare RCM Outsourcing Market Segment Percentages, by Application, 2022 (%)
Small & Rural Hospitals
Community Hospitals
Large Hospitals & Academic Medical Centers
Global Healthcare RCM Outsourcing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Healthcare RCM Outsourcing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Healthcare RCM Outsourcing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Healthcare RCM Outsourcing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Conifer Health Solutions
nthrive (Medassets + Precyse)
optum360
GeBBS Healthcare
Change Healthcare (Emdeon)
McKesson RelayHealth
Parallon (HCA)
MedData (Cardon Outreach)
MedAssist (Firstsource)
Availity
The SSI
Accretive Health (R1 RCM Inc)
Cerner
Outline of Major Chapters:
Chapter 1: Introduces the definition of Healthcare RCM Outsourcing, market overview.
Chapter 2: Global Healthcare RCM Outsourcing market size in revenue.
Chapter 3: Detailed analysis of Healthcare RCM Outsourcing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Healthcare RCM Outsourcing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.