Healthcare Revenue Cycle Management (RCM) Software Market Size to Grow by USD 29.44 billion | 54% of Market Growth to Originate from North America

Read the report with TOC on “Healthcare Revenue Cycle Management (RCM) Software Market Analysis Report by End-user (Hospitals, Physicians, and Medical labs) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Forecasts,2022-2026″. View our Report Snapshot 

Driver and Challenge

The growing need to reduce revenue leakage in the healthcare system is driving the growth of the healthcare revenue cycle management (RCM) software market. Revenue leakage refers to the loss of revenues of healthcare service providers due to inefficiencies in internal processes and payment systems. This issue can be attributed to process lseak, payers leak, and patient leak. This has increased the demand for electronic health and transaction recording systems.

The interoperability issues associated with healthcare RCM software will challenge the healthcare revenue cycle management (RCM) software market during the forecast period. Interoperability in healthcare RCM software enables any authorized physician or doctor to securely access all clinical information about the patient regardless of which EHR system other physicians are using. However, issues related to interoperability have increased the number of denials, which is reducing revenue generation and decreasing operational efficiency for healthcare service providers.

Major Healthcare Revenue Cycle Management (RCM) Software Companies:

  • 3M Corp
  • Allscripts Healthcare Solutions Inc.
  • Athenahealth Inc.
  • Change Healthcare Inc.
  • Cognizant Technology Solutions Corp.
  • Computer Programs and Systems Inc.
  • eMDs Inc.
  • Epic Systems Corp.
  • Experian Plc
  • Medical Information Technology Inc.
  • MEDIREVV
  • nThrive Inc.
  • OSPLabs
  • Quest Diagnostics Inc.
  • R1 RCM Inc.
  • Surgical Information Systems LLC
  • The SSI Group LLC
  • UnitedHealth Group
  • Waystar Inc.
  • WellSky Corp.

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Healthcare Revenue Cycle Management (RCM) Software Market End-user Outlook (Revenue, USD bn, 2021-2026)

  • Hospitals – size and forecast 2021-2026
  • Physicians – size and forecast 2021-2026
  • Medical labs – size and forecast 2021-2026

Healthcare Revenue Cycle Management (RCM) Software Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America – size and forecast 2021-2026
  • Europe – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026

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Regional Analysis

North America will have the highest market share growth during the forecast period. The increasing healthcare spending will drive the healthcare revenue cycle management (RCM) software market growth in North America during the forecast period. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions. The US and Canada are the key countries for the healthcare revenue cycle management (RCM) software market in North America.

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Healthcare Revenue Cycle Management (RCM) Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.5%

Market growth 2022-2026

USD 29.44 billion

Market structure

Fragmented

YoY growth (%)

8.92

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 54%

Key consumer countries

US, Canada, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Corp, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Change Healthcare Inc., Cognizant Technology Solutions Corp., Computer Programs and Systems Inc., eMDs Inc., Epic Systems Corp., Experian Plc, Medical Information Technology Inc., MEDIREVV, nThrive Inc., OSPLabs, Quest Diagnostics Inc., R1 RCM Inc., Surgical Information Systems LLC, The SSI Group LLC, UnitedHealth Group, Waystar Inc., and WellSky Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Hospitals – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Hospitals – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Hospitals – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Hospitals – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Hospitals – Year-over-year growth 2021-2026 (%)
  • 5.4 Physicians – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Physicians – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Physicians – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Physicians – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Physicians – Year-over-year growth 2021-2026 (%)
  • 5.5 Medical labs – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Medical labs – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Medical labs – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Medical labs – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Medical labs – Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by End-user
    • Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 Canada – Market size and forecast 2021-2026
    • Exhibit 70: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.10 Germany – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.11 UK – Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.12 Japan – Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 3M Corp
    • Exhibit 93: 3M Corp – Overview
    • Exhibit 94: 3M Corp – Business segments
    • Exhibit 95: 3M Corp – Key news
    • Exhibit 96: 3M Corp – Key offerings
    • Exhibit 97: 3M Corp – Segment focus
  • 10.4 Allscripts Healthcare Solutions Inc.
    • Exhibit 98: Allscripts Healthcare Solutions Inc. – Overview
    • Exhibit 99: Allscripts Healthcare Solutions Inc. – Business segments
    • Exhibit 100: Allscripts Healthcare Solutions Inc. – Key offerings
    • Exhibit 101: Allscripts Healthcare Solutions Inc. – Segment focus
  • 10.5 Change Healthcare Inc.
    • Exhibit 102: Change Healthcare Inc. – Overview
    • Exhibit 103: Change Healthcare Inc. – Business segments
    • Exhibit 104: Change Healthcare Inc. – Key news
    • Exhibit 105: Change Healthcare Inc. – Key offerings
    • Exhibit 106: Change Healthcare Inc. – Segment focus
  • 10.6 Cognizant Technology Solutions Corp.
    • Exhibit 107: Cognizant Technology Solutions Corp. – Overview
    • Exhibit 108: Cognizant Technology Solutions Corp. – Business segments
    • Exhibit 109: Cognizant Technology Solutions Corp. – Key news
    • Exhibit 110: Cognizant Technology Solutions Corp. – Key offerings
    • Exhibit 111: Cognizant Technology Solutions Corp. – Segment focus
  • 10.7 Computer Programs and Systems Inc.
    • Exhibit 112: Computer Programs and Systems Inc. – Overview
    • Exhibit 113: Computer Programs and Systems Inc. – Business segments
    • Exhibit 114: Computer Programs and Systems Inc. – Key offerings
    • Exhibit 115: Computer Programs and Systems Inc. – Segment focus
  • 10.8 Epic Systems Corp.
    • Exhibit 116: Epic Systems Corp. – Overview
    • Exhibit 117: Epic Systems Corp. – Product / Service
    • Exhibit 118: Epic Systems Corp. – Key offerings
  • 10.9 Medical Information Technology Inc.
    • Exhibit 119: Medical Information Technology Inc. – Overview
    • Exhibit 120: Medical Information Technology Inc. – Product / Service
    • Exhibit 121: Medical Information Technology Inc. – Key offerings
  • 10.10 Quest Diagnostics Inc.
    • Exhibit 122: Quest Diagnostics Inc. – Overview
    • Exhibit 123: Quest Diagnostics Inc. – Business segments
    • Exhibit 124: Quest Diagnostics Inc. – Key offerings
    • Exhibit 125: Quest Diagnostics Inc. – Segment focus
  • 10.11 R1 RCM Inc.
    • Exhibit 126: R1 RCM Inc. – Overview
    • Exhibit 127: R1 RCM Inc. – Product / Service
    • Exhibit 128: R1 RCM Inc. – Key offerings
  • 10.12 WellSky Corp.
    • Exhibit 129: WellSky Corp. – Overview
    • Exhibit 130: WellSky Corp. – Product / Service
    • Exhibit 131: WellSky Corp. – Key offerings

11 Appendix

  • 11.2 Inclusions and exclusions checklist
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations
    • Exhibit 138: List of abbreviations

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Healthcare Revenue Cycle Management (RCM) Software Market Size to Grow by USD 29.44 billion | 54% of Market Growth to Originate from North America