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(I-SoftwareNews.Com, June 25, 2018 ) Research N Reports announces the addition of a new research report titled “Global Healthcare Revenue Cycle Management Software Market Size, Status and Forecast 2023.” The statistical surveying comprehensive publication studies the current market landscape and makes forecasts about its future growth prospects. Making use of tables and figures, the report packages various data and trends in a more informative manner.
This provides a thorough overview of the revenue of the Healthcare Revenue Cycle Management Software market in various key regions, including an understanding of how the revenue generation patterns have changed over the recent past. The relation between the overall revenue generation figures and the sales structure of the industry in each regional segment is also explained in the report.
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About Healthcare Revenue Cycle Management (RCM) Software
Healthcare service providers deploy automated systems to address the RCM processes and to fill the payment gap that arises from the processes of medical billing and collections. The IT applications, such as hospital information system and EHR, have outdated technology platforms that lack advanced functionalities needed to address RCM issues. Hospitals and health systems prefer to outsource the RCM services due to the issues pertaining to revenue cycle processes and workflows.
Technavio’s analysts forecast the global Healthcare Revenue Cycle Management (RCM) Software market to grow at a CAGR of 4.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Healthcare Revenue Cycle Management (RCM) Software market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sale of RCM solutions that include software suits, which are standalone and integrated solutions across the globe.
The market is divided into the following segments based on geography: Americas, APAC, EMEA
Technavio's report, Global Healthcare Revenue Cycle Management (RCM) Software Market 2018-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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The major players reported in the market include:
Key vendors, Allscripts, Cerner, GE Healthcare, McKesson, Other prominent vendors, Alleviant, athenahealth, Avadyne Health, MedData, MediRevv, Navigant Cymetrix, nThrive, OPTUM, SourceMed, ZirMed, Market driver
Increase in recovery audits due to changing healthcare regulations
For a full, detailed list, view our report
Market challenge
Selection of vendors to meet specific needs
For a full, detailed list, view our report
MARKET TREND
Strong clinical network connectivity with medical practitioners
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
PRESS RELEASE
Technavio Announces the Publication of its Research Report – Global Healthcare Revenue Cycle Management (RCM) Software Market 2018-2023
Technavio recognizes the following companies as the key players in the global healthcare revenue cycle management (RCM) software market: Allscripts, Cerner, GE Healthcare, and McKesson.
Other Prominent Vendors in the market are: Alleviant, Athenahealth, Avadyne Health, MedData, MediRevv, Navigant Cymetrix, nThrive, OPTUM, SourceMed, and ZirMed.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is strong clinical network connectivity with medical practitioners. Clinical integration is the coordination in the healthcare network across functions, people, and activities. Clinical integration with physicians enables the healthcare companies to enhance the efficiency and quality of the healthcare system. Successful clinical integration between physicians and hospitals helps build a payment model as it takes both quality and cost into consideration. Clinical information can be completely integrated with EHR for the transition to new payment models.”
According to the report, one of the major drivers for this market is increase in recovery audits due to changing healthcare regulations. Healthcare service providers are under constant pressure caused by the change in government regulations in the healthcare sector. They are experiencing a rise in the cost of operations and a reduction in revenues. In addition, the revenue of the provider is under continuous scrutiny and audit by recovery audit contractors.
Further, the report states that one of the major factors hindering the growth of this market is selection of vendors to meet specific needs. The availability of RCM software vendors that are not solely focused on the healthcare sector makes the selection of the right vendor difficult. For optimizing RCM, prior experience in the healthcare sector is mandatory. Often, vendors with broad insurance experiences that are not specific to the healthcare sector take up hospital contracts. These service providers are unlikely to grasp the healthcare functions, placing the hospitals at a risk of underperforming or even regulatory compliance violations."
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Describing the competitive hierarchy in the global Healthcare Revenue Cycle Management Software market, the report profiles some of the key players operating in the market. Recent improvements in the industry have been taken into consideration while projecting the future outlook of the market.
Research N Reports
Mr. Sunny Denis
+1 888-631-6977
sales@researchnreports.com
Source: EmailWire.Com 
Source: EmailWire.com
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