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
