The global market for healthcare revenue cycle management software is estimated to reach US$ 43.3 Bn by the end of 2022. During the forecast period, 2017-2022, the global healthcare revenue cycle management software market is projected to soar at a CAGR of 6.9%.
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The report projects that services facilitating revenue cycle management for healthcare settings will be in great demand in the foreseeable future. In 2017, over half of revenues procured in the global healthcare revenue cycle management software market will be accounted by services. Meanwhile, sales of revenue cycle management software in the healthcare sector are expected to witness a gradual decline, despite accounting for nearly half of global revenues in 2017.
The revenue share of software and services segment is comparable, whereas healthcare-RCM services are pegged to gain traction in terms of adoption. Over the forecast period, lack of trained staff and increasing practice of down coding an RCM service are expected to boost the sales of healthcare revenue cycle management as a service.
Viewed as a progressive method for transforming IT operations within an organisation, cloud deployment continues to enhance resource acquisition, remove scalability constraints, boost infrastructure reliability, and consolidate the organisation’s operational framework. Unlike on-premise deployment models, cloud-based deployment models increase flexibility of revenue cycle management software, and also enable transferability between two or more end-users.
In 2017, nearly US$ 27 Bn revenues are expected to be brought in through cloud-based deployment of healthcare revenue cycle management software across the globe. Taking the complex structure of revenue cycle management into account, cloud-deployment is also expected to save costs by offering proper alignment of actual usage and resource expenditure.
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During the forecast period, billing & payment management applications of healthcare revenue cycle management software are poised to reflect impressive growth by registering a CAGR of 8.2%. The demand for revenue cycle management software in account receivable follow-up management applications is also expected to gain traction, revenues from which are currently expected to procure over one-fourth share on global revenues.
On the other hand, some healthcare organisations are experiencing how manual nature of claims management processes is creating an administrative burden on healthcare revenue cycle management. The report projects that claim management applications of healthcare revenue cycle management software are expected to reflect a relatively slow growth in terms of revenues, amassing just over US$ 5.84 Bn revenues by the end of 2022.
According to the report, the largest end-user of healthcare revenue cycle management software is pegged to be hospitals. The adoption of healthcare revenue cycle management software is also expected to increase in clinics and laboratories. In 2017, laboratories are estimated to contribute nearly one-fifth share of global revenues, while the end-use of healthcare revenue cycle management software in clinics is expected to rake close to US$ 6.5 Bn in revenues.
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The report has also profiled leading developers of healthcare revenue cycle management software. Companies partaking in the growth of global healthcare revenue cycle management software market through 2022, include Cerner Corp., McKesson Corp., Quest Diagnostics, Inc., athenahealth, Inc., Epic Systems Corporation, EMC Corp., CareCloud Corporation, Greenway Health, LLC, Allscripts Healthcare Solutions, Inc., and Qsi Management Llc. Majority of these companies are expected to focus on removing conventional flaws and increasing security measures to protect valuable data managed by their offerings.
Moreover, new market entrants are likely to face barriers in penetrating this highly-competitive market.
The healthcare revenue cycle management software market is predicted to grow at 6.5% CAGR through 2032.
North America healthcare revenue cycle management software market holds the highest revenue potential.
The healthcare revenue cycle management software market is expected to surpass US$ 80.5 Bn by 2032.
The healthcare revenue cycle management software market size is anticipated to be over US$ 43 Bn in 2022.
1. Global Healthcare Revenue Cycle Management Software Market - Executive Summary 2. Global Healthcare Revenue Cycle Management Software Market Overview 2.1. Introduction 2.1.1. Global Healthcare Revenue Cycle Management Software Market Taxonomy 2.1.2. Global Healthcare Revenue Cycle Management Software Market Definition 2.2. Global Healthcare Revenue Cycle Management Software Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Healthcare Revenue Cycle Management Software Market Y-o-Y Growth 2.3. Global Healthcare Revenue Cycle Management Software Market Dynamics 2.3.1. Drivers 2.3.2. Restraints 2.3.3. Trends 2.4. Cost Structure Analysis 2.5. Pricing Analysis 2.6. Value Chain Assessment and Profitability Margins 2.7. Raw Material Sourcing Strategy and Analysis 2.8. List of Distributors 2.9. Key Participants Market Presence (Intensity Map) By Region 3. Global Healthcare Revenue Cycle Management Software Market Analysis and Forecast By Component 3.1. Global Healthcare Revenue Cycle Management Software Market Size and Forecast By Component, 2012-2022 3.1.1. Software Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 3.1.1.1. Revenue (US$ Mn) Comparison, By Region 3.1.1.2. Market Share Comparison, By Region 3.1.1.3. Y-o-Y growth Comparison, By Region 3.1.2. Services Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 3.1.2.1. Revenue (US$ Mn) Comparison, By Region 3.1.2.2. Market Share Comparison, By Region 3.1.2.3. Y-o-Y growth Comparison, By Region 4. Global Healthcare Revenue Cycle Management Software Market Analysis and Forecast By End User 4.1. Global Healthcare Revenue Cycle Management Software Market Size and Forecast By End User, 2012-2022 4.1.1. Hospitals Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.1.1. Revenue (US$ Mn) Comparison, By Region 4.1.1.2. Market Share Comparison, By Region 4.1.1.3. Y-o-Y growth Comparison, By Region 4.1.2. Long Term Care Centers Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.2.1. Revenue (US$ Mn) Comparison, By Region 4.1.2.2. Market Share Comparison, By Region 4.1.2.3. Y-o-Y growth Comparison, By Region 4.1.3. Rehabilitation Centers Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.3.1. Revenue (US$ Mn) Comparison, By Region 4.1.3.2. Market Share Comparison, By Region 4.1.3.3. Y-o-Y growth Comparison, By Region 4.1.4. Clinics Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.4.1. Revenue (US$ Mn) Comparison, By Region 4.1.4.2. Market Share Comparison, By Region 4.1.4.3. Y-o-Y growth Comparison, By Region 4.1.5. Laboratories Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.5.1. Revenue (US$ Mn) Comparison, By Region 4.1.5.2. Market Share Comparison, By Region 4.1.5.3. Y-o-Y growth Comparison, By Region 4.1.6. Other End Uses Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 4.1.6.1. Revenue (US$ Mn) Comparison, By Region 4.1.6.2. Market Share Comparison, By Region 4.1.6.3. Y-o-Y growth Comparison, By Region 5. Global Healthcare Revenue Cycle Management Software Market Analysis and Forecast By Application 5.1. Global Healthcare Revenue Cycle Management Software Market Size and Forecast By Application , 2012-2022 5.1.1. Claim Management Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 5.1.1.1. Revenue (US$ Mn) Comparison, By Region 5.1.1.2. Market Share Comparison, By Region 5.1.1.3. Y-o-Y growth Comparison, By Region 5.1.2. Billing and Payment Management Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 5.1.2.1. Revenue (US$ Mn) Comparison, By Region 5.1.2.2. Market Share Comparison, By Region 5.1.2.3. Y-o-Y growth Comparison, By Region 5.1.3. Collections Management Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 5.1.3.1. Revenue (US$ Mn) Comparison, By Region 5.1.3.2. Market Share Comparison, By Region 5.1.3.3. Y-o-Y growth Comparison, By Region 5.1.4. Account Receivable Follow up Management Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 5.1.4.1. Revenue (US$ Mn) Comparison, By Region 5.1.4.2. Market Share Comparison, By Region 5.1.4.3. Y-o-Y growth Comparison, By Region 5.1.5. Others Application Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 5.1.5.1. Revenue (US$ Mn) Comparison, By Region 5.1.5.2. Market Share Comparison, By Region 5.1.5.3. Y-o-Y growth Comparison, By Region 6. Global Healthcare Revenue Cycle Management Software Market Analysis and Forecast By Deployment 6.1. Global Healthcare Revenue Cycle Management Software Market Size and Forecast By Deployment, 2012-2022 6.1.1. Cloud-based deployment Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 6.1.1.1. Revenue (US$ Mn) Comparison, By Region 6.1.1.2. Market Share Comparison, By Region 6.1.1.3. Y-o-Y growth Comparison, By Region 6.1.2. On-Premise Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 6.1.2.1. Revenue (US$ Mn) Comparison, By Region 6.1.2.2. Market Share Comparison, By Region 6.1.2.3. Y-o-Y growth Comparison, By Region 7. Global Healthcare Revenue Cycle Management Software Market Analysis and Forecast By Region 7.1. Global Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.1. North America Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.1.1. Revenue (US$ Mn) Comparison, By Component 7.1.1.2. Revenue (US$ Mn) Comparison, By End User 7.1.1.3. Revenue (US$ Mn) Comparison, By Application 7.1.1.4. Revenue (US$ Mn) Comparison, By Deployment 7.1.2. Latin America Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.2.1. Revenue (US$ Mn) Comparison, By Component 7.1.2.2. Revenue (US$ Mn) Comparison, By End User 7.1.2.3. Revenue (US$ Mn) Comparison, By Application 7.1.2.4. Revenue (US$ Mn) Comparison, By Deployment 7.1.3. Europe Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.3.1. Revenue (US$ Mn) Comparison, By Component 7.1.3.2. Revenue (US$ Mn) Comparison, By End User 7.1.3.3. Revenue (US$ Mn) Comparison, By Application 7.1.3.4. Revenue (US$ Mn) Comparison, By Deployment 7.1.4. Japan Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.4.1. Revenue (US$ Mn) Comparison, By Component 7.1.4.2. Revenue (US$ Mn) Comparison, By End User 7.1.4.3. Revenue (US$ Mn) Comparison, By Application 7.1.4.4. Revenue (US$ Mn) Comparison, By Deployment 7.1.5. APEJ Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.5.1. Revenue (US$ Mn) Comparison, By Component 7.1.5.2. Revenue (US$ Mn) Comparison, By End User 7.1.5.3. Revenue (US$ Mn) Comparison, By Application 7.1.5.4. Revenue (US$ Mn) Comparison, By Deployment 7.1.6. MEA Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 7.1.6.1. Revenue (US$ Mn) Comparison, By Component 7.1.6.2. Revenue (US$ Mn) Comparison, By End User 7.1.6.3. Revenue (US$ Mn) Comparison, By Application 7.1.6.4. Revenue (US$ Mn) Comparison, By Deployment 8. North America Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 8.1. US Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 8.1.1. Revenue (US$ Mn) Comparison, By Component 8.1.2. Revenue (US$ Mn) Comparison, By End User 8.1.3. Revenue (US$ Mn) Comparison, By Application 8.1.4. Revenue (US$ Mn) Comparison, By Deployment 8.2. Canada Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 8.2.1. Revenue (US$ Mn) Comparison, By Component 8.2.2. Revenue (US$ Mn) Comparison, By End User 8.2.3. Revenue (US$ Mn) Comparison, By Application 8.2.4. Revenue (US$ Mn) Comparison, By Deployment 9. Latin America Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 9.1. Brazil Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 9.1.1. Revenue (US$ Mn) Comparison, By Component 9.1.2. Revenue (US$ Mn) Comparison, By End User 9.1.3. Revenue (US$ Mn) Comparison, By Application 9.1.4. Revenue (US$ Mn) Comparison, By Deployment 9.2. Mexico Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 9.2.1. Revenue (US$ Mn) Comparison, By Component 9.2.2. Revenue (US$ Mn) Comparison, By End User 9.2.3. Revenue (US$ Mn) Comparison, By Application 9.2.4. Revenue (US$ Mn) Comparison, By Deployment 9.3. Argentina Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 9.3.1. Revenue (US$ Mn) Comparison, By Component 9.3.2. Revenue (US$ Mn) Comparison, By End User 9.3.3. Revenue (US$ Mn) Comparison, By Application 9.3.4. Revenue (US$ Mn) Comparison, By Deployment 10. Europe Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 10.1. Germany Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.1.1. Revenue (US$ Mn) Comparison, By Component 10.1.2. Revenue (US$ Mn) Comparison, By End User 10.1.3. Revenue (US$ Mn) Comparison, By Application 10.1.4. Revenue (US$ Mn) Comparison, By Deployment 10.2. UK Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.2.1. Revenue (US$ Mn) Comparison, By Component 10.2.2. Revenue (US$ Mn) Comparison, By End User 10.2.3. Revenue (US$ Mn) Comparison, By Application 10.2.4. Revenue (US$ Mn) Comparison, By Deployment 10.3. France Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.3.1. Revenue (US$ Mn) Comparison, By Component 10.3.2. Revenue (US$ Mn) Comparison, By End User 10.3.3. Revenue (US$ Mn) Comparison, By Application 10.3.4. Revenue (US$ Mn) Comparison, By Deployment 10.4. Spain Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.4.1. Revenue (US$ Mn) Comparison, By Component 10.4.2. Revenue (US$ Mn) Comparison, By End User 10.4.3. Revenue (US$ Mn) Comparison, By Application 10.4.4. Revenue (US$ Mn) Comparison, By Deployment 10.5. Italy Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.5.1. Revenue (US$ Mn) Comparison, By Component 10.5.2. Revenue (US$ Mn) Comparison, By End User 10.5.3. Revenue (US$ Mn) Comparison, By Application 10.5.4. Revenue (US$ Mn) Comparison, By Deployment 10.6. Nordic Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 10.6.1. Revenue (US$ Mn) Comparison, By Component 10.6.2. Revenue (US$ Mn) Comparison, By End User 10.6.3. Revenue (US$ Mn) Comparison, By Application 10.6.4. Revenue (US$ Mn) Comparison, By Deployment 11. Japan Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 11.1. Japan Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 11.1.1. Revenue (US$ Mn) Comparison, By Component 11.1.2. Revenue (US$ Mn) Comparison, By End User 11.1.3. Revenue (US$ Mn) Comparison, By Application 11.1.4. Revenue (US$ Mn) Comparison, By Deployment 12. APEJ Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 12.1. China Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.1.1. Revenue (US$ Mn) Comparison, By Component 12.1.2. Revenue (US$ Mn) Comparison, By End User 12.1.3. Revenue (US$ Mn) Comparison, By Application 12.1.4. Revenue (US$ Mn) Comparison, By Deployment 12.2. India Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.2.1. Revenue (US$ Mn) Comparison, By Component 12.2.2. Revenue (US$ Mn) Comparison, By End User 12.2.3. Revenue (US$ Mn) Comparison, By Application 12.2.4. Revenue (US$ Mn) Comparison, By Deployment 12.3. Malaysia Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.3.1. Revenue (US$ Mn) Comparison, By Component 12.3.2. Revenue (US$ Mn) Comparison, By End User 12.3.3. Revenue (US$ Mn) Comparison, By Application 12.3.4. Revenue (US$ Mn) Comparison, By Deployment 12.4. Thailand Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.4.1. Revenue (US$ Mn) Comparison, By Component 12.4.2. Revenue (US$ Mn) Comparison, By End User 12.4.3. Revenue (US$ Mn) Comparison, By Application 12.4.4. Revenue (US$ Mn) Comparison, By Deployment 12.5. Singapore Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.5.1. Revenue (US$ Mn) Comparison, By Component 12.5.2. Revenue (US$ Mn) Comparison, By End User 12.5.3. Revenue (US$ Mn) Comparison, By Application 12.5.4. Revenue (US$ Mn) Comparison, By Deployment 12.6. Australia Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 12.6.1. Revenue (US$ Mn) Comparison, By Component 12.6.2. Revenue (US$ Mn) Comparison, By End User 12.6.3. Revenue (US$ Mn) Comparison, By Application 12.6.4. Revenue (US$ Mn) Comparison, By Deployment 13. MEA Healthcare Revenue Cycle Management Software Market Analysis and Forecast, By Country, 2012-2022 13.1. GCC Countries Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 13.1.1. Revenue (US$ Mn) Comparison, By Component 13.1.2. Revenue (US$ Mn) Comparison, By End User 13.1.3. Revenue (US$ Mn) Comparison, By Application 13.1.4. Revenue (US$ Mn) Comparison, By Deployment 13.2. South Africa Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 13.2.1. Revenue (US$ Mn) Comparison, By Component 13.2.2. Revenue (US$ Mn) Comparison, By End User 13.2.3. Revenue (US$ Mn) Comparison, By Application 13.2.4. Revenue (US$ Mn) Comparison, By Deployment 13.3. Nigeria Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 13.3.1. Revenue (US$ Mn) Comparison, By Component 13.3.2. Revenue (US$ Mn) Comparison, By End User 13.3.3. Revenue (US$ Mn) Comparison, By Application 13.3.4. Revenue (US$ Mn) Comparison, By Deployment 13.4. Israel Healthcare Revenue Cycle Management Software Market Size and Forecast, 2012-2022 13.4.1. Revenue (US$ Mn) Comparison, By Component 13.4.2. Revenue (US$ Mn) Comparison, By End User 13.4.3. Revenue (US$ Mn) Comparison, By Application 13.4.4. Revenue (US$ Mn) Comparison, By Deployment 14. Global Healthcare Revenue Cycle Management Software Market Competition Landscape and Company Profile 14.1. Company Share Analysis By Region 14.2. Cerner Corp. 14.2.1. Company Overview 14.2.2. Healthcare Revenue Cycle Management Software Market Component list 14.2.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.2.4. Key Developments 14.2.5. SWOT Analysis 14.3. McKesson Corp. 14.3.1. Company Overview 14.3.2. Healthcare Revenue Cycle Management Software Market Component list 14.3.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.3.4. Key Developments 14.3.5. SWOT Analysis 14.4. Quest Diagnostics, Inc. 14.4.1. Company Overview 14.4.2. Healthcare Revenue Cycle Management Software Market Component list 14.4.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.4.4. Key Developments 14.4.5. SWOT Analysis 14.5. athenahealth, Inc. 14.5.1. Company Overview 14.5.2. Healthcare Revenue Cycle Management Software Market Component list 14.5.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.5.4. Key Developments 14.5.5. SWOT Analysis 14.6. Epic Systems Corporation 14.6.1. Company Overview 14.6.2. Healthcare Revenue Cycle Management Software Market Component list 14.6.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.6.4. Key Developments 14.6.5. SWOT Analysis 14.7. EMC Corp. 14.7.1. Company Overview 14.7.2. Healthcare Revenue Cycle Management Software Market Component list 14.7.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.7.4. Key Developments 14.7.5. SWOT Analysis 14.8. CareCloud Corporation 14.8.1. Company Overview 14.8.2. Healthcare Revenue Cycle Management Software Market Component list 14.8.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.8.4. Key Developments 14.8.5. SWOT Analysis 14.9. Greenway Health, LLC 14.9.1. Company Overview 14.9.2. Healthcare Revenue Cycle Management Software Market Component list 14.9.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.9.4. Key Developments 14.9.5. SWOT Analysis 14.10. Allscripts Healthcare Solutions, Inc. 14.10.1. Company Overview 14.10.2. Healthcare Revenue Cycle Management Software Market Component list 14.10.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.10.4. Key Developments 14.10.5. SWOT Analysis 14.11. Qsi Management Llc 14.11.1. Company Overview 14.11.2. Healthcare Revenue Cycle Management Software Market Component list 14.11.3. Healthcare Revenue Cycle Management Software Market Component Sales Data and Key Financials 14.11.4. Key Developments 14.11.5. SWOT Analysis 15. Research Methodology 16. Secondary and Primary Sources 17. Assumptions and Acronyms 18. Disclaimer
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Healthcare Revenue Cycle Management Software Market
