The North America Revenue Cycle Management Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
In the revenue cycle management market, technological improvements are a prominent trend that is gaining popularity. Companies with a significant presence in the market for revenue cycle management are concentrating on the development of innovative technical solutions to bolster their standing. Modern, well-managed systems at the front end of the revenue cycle allow hospitals to improve their back-end operations, generating more patient revenue and collecting it on time.
For instance, technological advancements permit patients to easily schedule visits and submit online registration data via the internet. Similarly, integrating fundamental processes like patient care documentation and medical coding into the revenue cycle has become essential for guaranteeing accurate billing and claims collection on the back end. Specialist coding software, for instance, enables hospitals to dramatically boost the accuracy of medical coding, which is projected to become increasingly vital in the future.
The RCM's ability to automate formerly manual tasks is crucial to the market's expansion. In addition, a high volume of patient data collection and a rising healthcare burden may result in errors in medical billing and other operations. In addition, six out of ten Americans have at least one chronic condition, including cancer, heart disease, diabetes, or stroke. These and other chronic diseases are America's leading causes of morbidity and mortality. As a result, the region's demand for improved healthcare facilities is increasing. With the increasing need for healthcare facilities, the growth prospects for the revenue cycle management market also rise in the North America region.
The US market dominated the North America Revenue Cycle Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $76,412.7 Million by 2028. The Canada market is poised to grow at a CAGR of 13.6% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 12.6% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals, Physicians, Diagnostic Laboratories and Others. Based on Deployment, the market is segmented into Web-based, Cloud and On-premise. Based on Component, the market is segmented into Software and Services. Based on Type, the market is segmented into Integrated and Standalone. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Revenue Cycle Management Market is Projected to reach USD 227.8 Billion by 2028, at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Quest Diagnostics Incorporated, Athenahealth, Inc. (Veritas Capital), GE HealthCare Technologies, Inc., Experian PLC, R1 RCM, Inc., Epic Systems Corporation, eClinicalWorks LLC, McKesson Corporation, Oracle Corporation (Cerner Corporation), and AllScripts Healthcare Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Hospitals
- Physicians
- Diagnostic Laboratories
- Others
By Deployment
- Web-based
- Cloud
- On-premise
By Component
By Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Quest Diagnostics Incorporated
- Athenahealth, Inc. (Veritas Capital)
- GE HealthCare Technologies, Inc.
- Experian PLC
- R1 RCM, Inc.
- Epic Systems Corporation
- eClinicalWorks LLC
- McKesson Corporation
- Oracle Corporation (Cerner Corporation)
- AllScripts Healthcare Solutions, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Revenue Cycle Management Market, by End-use
1.4.2 North America Revenue Cycle Management Market, by Deployment
1.4.3 North America Revenue Cycle Management Market, by Component
1.4.4 North America Revenue Cycle Management Market, by Type
1.4.5 North America Revenue Cycle Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Revenue Cycle Management Market
Chapter 4. North America Revenue Cycle Management Market by End-use
4.1 North America Hospitals Market by Country
4.2 North America Physicians Market by Country
4.3 North America Diagnostic Laboratories Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Revenue Cycle Management Market by Deployment
5.1 North America Web-based Market by Country
5.2 North America Cloud Market by Country
5.3 North America On-premise Market by Country
Chapter 6. North America Revenue Cycle Management Market by Component
6.1 North America Software Market by Country
6.2 North America Services Market by Country
Chapter 7. North America Revenue Cycle Management Market by Type
7.1 North America Integrated Market by Country
7.2 North America Standalone Market by Country
Chapter 8. North America Revenue Cycle Management Market by Country
8.1 US Revenue Cycle Management Market
8.1.1 US Revenue Cycle Management Market by End-use
8.1.2 US Revenue Cycle Management Market by Deployment
8.1.3 US Revenue Cycle Management Market by Component
8.1.4 US Revenue Cycle Management Market by Type
8.2 Canada Revenue Cycle Management Market
8.2.1 Canada Revenue Cycle Management Market by End-use
8.2.2 Canada Revenue Cycle Management Market by Deployment
8.2.3 Canada Revenue Cycle Management Market by Component
8.2.4 Canada Revenue Cycle Management Market by Type
8.3 Mexico Revenue Cycle Management Market
8.3.1 Mexico Revenue Cycle Management Market by End-use
8.3.2 Mexico Revenue Cycle Management Market by Deployment
8.3.3 Mexico Revenue Cycle Management Market by Component
8.3.4 Mexico Revenue Cycle Management Market by Type
8.4 Rest of North America Revenue Cycle Management Market
8.4.1 Rest of North America Revenue Cycle Management Market by End-use
8.4.2 Rest of North America Revenue Cycle Management Market by Deployment
8.4.3 Rest of North America Revenue Cycle Management Market by Component
8.4.4 Rest of North America Revenue Cycle Management Market by Type
Chapter 9. Company Profiles
9.1 Oracle Corporation (Cerner Corporation)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 GE HealthCare Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.3 Athenahealth, Inc. (Veritas Capital)
9.3.1 Company overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 Quest Diagnostics Incorporated
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.5 Experian PLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.4.2 Acquisition and Mergers:
9.6 R1 RCM, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Recent strategies and developments:
9.6.3.1 Partnerships, Collaborations, and Agreements:
9.6.3.2 Acquisition and Mergers:
9.7 Epic Systems Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 AllScripts Healthcare Solutions, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.9 eClinicalWorks LLC
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. McKesson Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Research & Development Expense
TABLE 1 North America Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 2 North America Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 3 North America Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 4 North America Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 5 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Physicians Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Physicians Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Diagnostic Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Diagnostic Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 14 North America Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 15 North America Web-based Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Web-based Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 19 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 20 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 22 North America Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 23 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 28 North America Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 29 North America Integrated Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Integrated Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Standalone Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Standalone Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Revenue Cycle Management Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Revenue Cycle Management Market by Country, 2022 - 2028, USD Million
TABLE 35 US Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 36 US Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 37 US Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 38 US Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 39 US Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 40 US Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 41 US Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 42 US Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 43 US Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 44 US Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 46 Canada Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 47 Canada Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 48 Canada Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 49 Canada Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 50 Canada Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 51 Canada Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 52 Canada Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 53 Canada Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 54 Canada Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 55 Mexico Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 56 Mexico Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 57 Mexico Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 58 Mexico Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 59 Mexico Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 60 Mexico Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 61 Mexico Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 62 Mexico Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 63 Mexico Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 64 Mexico Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 65 Rest of North America Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 66 Rest of North America Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 67 Rest of North America Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 68 Rest of North America Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 69 Rest of North America Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 70 Rest of North America Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 71 Rest of North America Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of North America Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of North America Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 74 Rest of North America Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 75 Key Information – Oracle Corporation
TABLE 76 Key Information – GE HealthCare Technologies, Inc.
TABLE 77 Key Information – Athenahealth, Inc.
TABLE 78 Key information – Quest Diagnostics Incorporated
TABLE 79 key information – Experian PLC
TABLE 80 key information – R1 RCM, Inc.
TABLE 81 Key Information – Epic Systems Corporation
TABLE 82 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 83 Key Information – eClinicalWorks LLC
TABLE 84 Key Information – McKesson Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT analysis: Oracle Corporation