Global Healthcare RCM Outsourcing Market Growth (Status and Outlook) 2023-2029

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.

Researcher's newest research report, the “Healthcare RCM Outsourcing Industry Forecast” looks at past sales and reviews total world Healthcare RCM Outsourcing sales in 2022, providing a comprehensive analysis by region and market sector of projected Healthcare RCM Outsourcing sales for 2023 through 2029. With Healthcare RCM Outsourcing sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Healthcare RCM Outsourcing industry.

This Insight Report provides a comprehensive analysis of the global Healthcare RCM Outsourcing landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Healthcare RCM Outsourcing portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Healthcare RCM Outsourcing market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Healthcare RCM Outsourcing and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Healthcare RCM Outsourcing.

The global Healthcare RCM Outsourcing market size is projected to grow from US$ 19580 million in 2022 to US$ 40390 million in 2029; it is expected to grow at a CAGR of 10.9% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Healthcare RCM Outsourcing market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Pre-intervention

Intervention

Post-intervention

Segmentation by application

Small & Rural Hospitals

Community Hospitals

Large Hospitals & Academic Medical Centers

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

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