Healthcare RCM Outsourcing Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Healthcare industry is undergoing a transition with increased competition among healthcare service providers. Currently, companies are more focused on providing quality care at lower price to their patients. Increasing healthcare cost is an alarming concern in this industry. In order to achieve cost savings, the industry players have introduced significant innovations in non-clinical solutions such as simplified administrative costs. The administrative components comprise all the services that range from front-end to back-end services.

The process starts from gathering information from patients, documentation record, submitting, analyzing, and eventually paying for medical bills. This whole spectrum of administrative services is considered as healthcare RCM. Revenue cycle management (RCM) is the fundamental process that enables a company to be paid for providing their services. For most healthcare providers, RCM includes everything from pre-registering a patient all the way through the final zero balance invoicing for a particular visit.

Scope of the Report:
This report studies the Healthcare RCM Outsourcing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Healthcare RCM Outsourcing market by product type and applications/end industries.
The market is driven by various end-users, such as small/rural hospitals, community hospitals, large hospitals & academic medical centers. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.

Revenue management analytics is gaining traction in the healthcare industry due to its ability to align the activities and documentation of front-end physician practice managers and administrators and the back-end central billing office. Analytics is helping in delivering insightful results and streamlining operations as well as improving patient collections, workflows, and patient care.

In today’s challenging circumstances, outsourcing the administrative functions to third-parties seem to be a reasonable solution. This will not only help physicians focus on their core task by freeing up their time and resources but will also improve their practice’s revenue. Practices and hospitals that have outsourced their revenue cycle management function to third-party experts have experienced significant improvement in their collection rates, denial resolution efficiency, patient satisfaction rates, and revenue.

The market for Healthcare RCM Outsourcing is fragmented with players such as

• Conifer Health Solutions,
• nthrive (Medassets + Precyse),
• optum360,
• Change Healthcare(Emdeon),
• McKesson RelayHealth,
• Parallon(HCA),
• MedData(Cardon Outreach),
• MedAssist(Firstsource),
• The SSI Group,
• Availity,
• Accretive Health(R1 RCM Inc),
• GeBBS Healthcare,

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The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

The global Healthcare RCM Outsourcing market is valued at 11700 million USD in 2017 and is expected to reach 23000 million USD by the end of 2023, growing at a CAGR of 11.9% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Healthcare RCM Outsourcing.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

Market Segment by Companies, this report covers

• Conifer Health Solutions
• nthrive (Medassets + Precyse)
• optum360
• Change Healthcare (Emdeon)
• McKesson RelayHealth
• Parallon (HCA)
• MedData (Cardon Outreach)
• MedAssist (Firstsource)
• The SSI Group
• Availity
• Accretive Health (R1 RCM Inc)
• GeBBS Healthcare
• Cerner

Market Segment by Regions, regional analysis covers

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

• Pre-intervention
• Intervention
• Post-intervention

Market Segment by Applications, can be divided into

• Small/Rural Hospitals
• Community Hospitals
• Large Hospitals & Academic Medical Centers

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1 Healthcare RCM Outsourcing Market Overview
1.1 Product Overview and Scope of Healthcare RCM Outsourcing
1.2 Classification of Healthcare RCM Outsourcing by Types
1.2.1 Global Healthcare RCM Outsourcing Revenue Comparison by Types (2017–2023)
1.2.2 Global Healthcare RCM Outsourcing Revenue Market Share by Types in 2017

2 Manufacturers Profiles
2.1 Conifer Health Solutions
2.1.1 Business Overview
2.1.2 Healthcare RCM Outsourcing Type and Applications

3 Global Healthcare RCM Outsourcing Market Competition, by Players
3.1 Global Healthcare RCM Outsourcing Revenue and Share by Players (2013–2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Healthcare RCM Outsourcing Players Market Share

Key Que Answered in this report:
What will the Healthcare RCM Outsourcing market the growth rate be in 2025?
What are the key factors driving the Global Healthcare RCM Outsourcing market?

Healthcare RCM Outsourcing market with a focus on the Chinese market?
What are the key market trends in Healthcare RCM Outsourcing market improve pacting the growth of the Global Healthcare RCM Outsourcing market?
What are the challenges to Global Healthcare RCM Outsourcing market?
What are the market opportunities and threats faced by the vendors in the Global Healthcare RCM Outsourcing market?
What are the key outcomes of the five forces analysis of Healthcare RCM Outsourcing market?

What is our report offers:

Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments

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