Revenue Cycle Management Industry
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Revenue cycle management industry. Worldwide revenue cycle management industry to 2026 key drivers restraints and opportunities. 14 2020 09 45 pm. The revenue cycle management software market consists of sales of revenue cycle management software services by entities organizations sole traders and partnerships that provide revenue cycle management which is the financial process utilizing medical billing software that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. The global revenue cycle management market size was valued at usd 64 3 billion in 2019 and is anticipated to expand at a cagr of 12 1 over the forecast period.
The revenue cycle management market is estimated to grow at a cagr of 12 9 in the forecasting period from a base value of 71 11 billion in 2020 to 147 27 billion in 2026. Key factors driving the market growth are rising regulatory mandates for the adoption of healthcare information technology hit systems in healthcare settings and failure of the traditional billing systems to provide insights about on going billing operations. Press release pr newswire. Revenue cycle management rcm is the financial process utilizing medical billing software that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.
Get more details on this report request free sample pdf. Healthcare revenue cycle management market size surpassed 51 billion in 2018 and is expected to achieve over 12 3 cagr up to 2025.
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