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Revenue Cycle Management Industry Overview from 2021-2027

The rapid adoption of electronic medical records and electronic health records by companies across the world drives the global revenue cycle management market or RCM market. Fortune Business Insights in its new report, titled “Revenue Cycle Management: Global Market Analysis, Insights and Forecast 2018- 2025 ”predicts the market to grow at a remarkable rate during the forecast period. North America is expected to contribute significantly towards the growth of the revenue cycle management market.


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Some of the major companies that are present in the Global Revenue Cycle Management Market are;


Microsoft
IBM
Dell
McKesson
Experian
Allscripts
Athenahealth
Greenway Health
GeBBS Healthcare Solutions
ZirMed, now part of Waystar
Epic Systems Corporation
General Electric Manufacturing Company Cerner Corporation
The rising adoption of RCM among end users and presence of well-established healthcare infrastructure is expected to drive the RCM market in North America. In addition to this, revenue cycle management solutions offer long-term benefits, which is a key reason behind its high uptake in the region. cycle management services in the coming years.


According to studies, Asia Pacific is projected to exhibit a high growth in the global RCM market. The growth is primarily dependent to the rising target population looking for medical claims and treatment. Moreover, the market is expected to witness exceptional growth opportunities in India, China, Singapore, and Japan.


Advent of IT and Analytics in Healthcare Industry Boosts the Market


Cloud-based solutions are in high demand across the world for seamless data sharing, ”stated a lead analyst at Fortune Business Insights.“ Several companies are gradually adopting cloud-based platforms to offer advanced revenue cycle management services, ”he added. Robust government The rising use of analytical tools and IT in the healthcare industry is expected to increase the revenue generated by the RCM market between 2018 and 2025.