Product Code: GVR-4-68040-346-3
Hospital Revenue Cycle Management Market Growth & Trends:
The global hospital revenue cycle management market size is anticipated to reach USD 184.35 billion by 2030, growing at a CAGR of 12.17% from 2024 to 2030, according to a new report by Grand View Research, Inc. Healthcare providers are increasingly prioritizing financial performance and operational efficiency, leading to a surge in the adoption of advanced revenue cycle management (RCM) solutions within hospitals. These solutions are designed to effectively navigate billing complexities, guarantee precise reimbursements, and leverage artificial intelligence, automation, and cloud computing to optimize workflows and improve patient care. This trend is expected to drive the expansion of the hospital revenue cycle market during the forecast period.
The market for hospital revenue cycle management is expected to experience significant growth due to the shift towards value-based care. This shift, which focuses on improving patient outcomes and reducing costs, is driving healthcare providers to invest in robust RCM solutions. As providers focus on aligning financial incentives with patient outcomes, the demand for advanced RCM systems that support value-based care initiatives is increasing. This trend is fueling innovation and adoption in the RCM market, creating opportunities for growth and development.
Key participants are engaged in different strategies to expand their global footprint through innovations, partnership collaborations, and product launches. For instance, in July 2023, State of Franklin Healthcare Associates (SOFHA), a physician-owned multispecialty and primary care healthcare system in Southwest Virginia and upper East Tennessee, extended its partnership with Veradigm LLC by signing a 2-year agreement to use Veradigm Revenue Cycle Services.
Hospital Revenue Cycle Management Market Report Highlights:
- Based on product, the services segment dominated the market with largest revenue share in 2023. This is attributed to the rise in outsourcing services offered to hospitals by a growing number of companies. Additionally, established market players are contributing to this growth through undertaking various strategic initiatives.
- Based on type, the integrated segment dominated the market in 2023 owing to the growing demand among healthcare providers to improve operational efficiency, lower administrative costs, and enhance patient satisfaction.
- Based on delivery mode, the web-based segment dominated the market with a in 2023, owing to an increasing need for scalable and cost-effective solutions that provide real-time access to financial data and streamline billing processes, with web-based RCM systems.
- North America region held the largest market share in 2023. This is attributed to the rising healthcare expenses, expanding government initiatives aimed at RCM system implementation, and the rising adoption of healthcare information technology (HIT) systems.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Type
- 1.2.3. Delivery Mode
- 1.3. Estimates and Forecast Timeline
- 1.4. Research Methodology
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Model Details
- 1.8.1. Volume Price Analysis
- 1.9. List of Secondary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Technological advancements
- 3.2.1.2. Increase in outsourcing of RCM
- 3.2.1.3. Adoption of integrated EHR/RCM systems
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Increasing payer partnerships
- 3.2.2.2. Lack of professionals to handle RCM processes
- 3.3. Business Environment Analysis
- 3.3.1. Porter's Five Forces Analysis
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTLE Analysis
Chapter 4. Hospital RCM Market: Product Estimates & Trend Analysis
- 4.1. Product Segment Dashboard
- 4.2. Product Market Share Movement Analysis, 2023 & 2030
- 4.3. Market Size & Forecasts and Trend Analysis, by Product, 2018 to 2030 (USD Billion)
- 4.4. Software
- 4.4.1. Software market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Services
- 4.5.1. Services market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Hospital RCM Market: Type Estimates & Trend Analysis
- 5.1. Type Segment Dashboard
- 5.2. Type Market Share Movement Analysis, 2023 & 2030
- 5.3. Market Size & Forecasts and Trend Analyses, by Type, 2018 to 2030 (USD Billion)
- 5.4. Integrated
- 5.4.1. Integrated market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Standalone
- 5.5.1. Standalone market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Hospital RCM Market: Delivery Mode Estimates & Trend Analysis
- 6.1. Delivery Mode Segment Dashboard
- 6.2. Delivery Mode Market Share Movement Analysis, 2023 & 2030
- 6.3. Market Size & Forecasts and Trend Analyses, by Delivery Mode, 2018 to 2030 (USD Billion)
- 6.4. On-Premise
- 6.4.1. On-premise market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Web-Based
- 6.5.1. Web-based market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Cloud-Based
- 6.6.1. Cloud-based market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Hospital RCM Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Revenue Analysis, 2023 & 2030
- 7.2. Regional Market: Key Takeaways
- 7.3. North America
- 7.3.1. North America hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. U.S.
- 7.3.2.1. Key country dynamic
- 7.3.2.2. Regulatory framework
- 7.3.2.3. Competitive insights
- 7.3.2.4. U.S. hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Canada
- 7.3.3.1. Key country dynamic
- 7.3.3.2. Regulatory framework
- 7.3.3.3. Competitive insights
- 7.3.3.4. Canada hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. Mexico
- 7.3.4.1. Key country dynamic
- 7.3.4.2. Regulatory framework
- 7.3.4.3. Competitive insights
- 7.3.4.4. Mexico hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Europe
- 7.4.1. Europe hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Germany
- 7.4.2.1. Key country dynamic
- 7.4.2.2. Regulatory framework
- 7.4.2.3. Competitive insights
- 7.4.2.4. Germany hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. UK
- 7.4.3.1. Key country dynamic
- 7.4.3.2. Regulatory framework
- 7.4.3.3. Competitive insights
- 7.4.3.4. UK hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. France
- 7.4.4.1. Key country dynamic
- 7.4.4.2. Regulatory framework
- 7.4.4.3. Competitive insights
- 7.4.4.4. France hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. Italy
- 7.4.5.1. Key country dynamic
- 7.4.5.2. Regulatory framework
- 7.4.5.3. Competitive insights
- 7.4.5.4. Italy hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. Spain
- 7.4.6.1. Key country dynamic
- 7.4.6.2. Regulatory framework
- 7.4.6.3. Competitive insights
- 7.4.6.4. Spain hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.7. Denmark
- 7.4.7.1. Key country dynamic
- 7.4.7.2. Regulatory framework
- 7.4.7.3. Competitive insights
- 7.4.7.4. Denmark hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.8. Sweden
- 7.4.8.1. Key country dynamic
- 7.4.8.2. Regulatory framework
- 7.4.8.3. Competitive insights
- 7.4.8.4. Sweden hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.9. Norway
- 7.4.9.1. Key country dynamic
- 7.4.9.2. Regulatory framework
- 7.4.9.3. Competitive insights
- 7.4.9.4. Norway hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Japan
- 7.5.2.1. Key country dynamic
- 7.5.2.2. Regulatory framework
- 7.5.2.3. Competitive insights
- 7.5.2.4. Japan hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. China
- 7.5.3.1. Key country dynamic
- 7.5.3.2. Regulatory framework
- 7.5.3.3. Competitive insights
- 7.5.3.4. China hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.4. India
- 7.5.4.1. Key country dynamic
- 7.5.4.2. Regulatory framework
- 7.5.4.3. Competitive insights
- 7.5.4.4. India hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.5. South Korea
- 7.5.5.1. Key country dynamic
- 7.5.5.2. Regulatory framework
- 7.5.5.3. Competitive insights
- 7.5.5.4. South Korea hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.6. Australia
- 7.5.6.1. Key country dynamic
- 7.5.6.2. Regulatory framework
- 7.5.6.3. Competitive insights
- 7.5.6.4. Australia hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.7. Thailand
- 7.5.7.1. Key country dynamic
- 7.5.7.2. Regulatory framework
- 7.5.7.3. Competitive insights
- 7.5.7.4. Thailand hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Latin America
- 7.6.1. Latin America hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Brazil
- 7.6.2.1. Key country dynamic
- 7.6.2.2. Regulatory framework
- 7.6.2.3. Competitive insights
- 7.6.2.4. Brazil hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. Argentina
- 7.6.3.1. Key country dynamic
- 7.6.3.2. Regulatory framework
- 7.6.3.3. Competitive insights
- 7.6.3.4. Argentina hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7. MEA
- 7.7.1. MEA hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.2. South Africa
- 7.7.2.1. Key country dynamic
- 7.7.2.2. Regulatory framework
- 7.7.2.3. Competitive insights
- 7.7.2.4. South Africa hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.3. Saudi Arabia
- 7.7.3.1. Key country dynamic
- 7.7.3.2. Regulatory framework
- 7.7.3.3. Competitive insights
- 7.7.3.4. Saudi Arabia hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.4. UAE
- 7.7.4.1. Key country dynamic
- 7.7.4.2. Regulatory framework
- 7.7.4.3. Competitive insights
- 7.7.4.4. UAE hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7.5. Kuwait
- 7.7.5.1. Key country dynamic
- 7.7.5.2. Regulatory framework
- 7.7.5.3. Competitive insights
- 7.7.5.4. Kuwait hospital revenue cycle management market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Participant Overview
- 8.2. Company Market Share Analysis, 2023 (%)
- 8.3. Company Categorization
- 8.4. Strategy Mapping
- 8.5. Company Profiles/Listing
- 8.5.1. The SSI Group, LLC
- 8.5.1.1. Overview
- 8.5.1.2. Financial performance
- 8.5.1.3. Product benchmarking
- 8.5.1.4. Strategic initiatives
- 8.5.2. Veradigm LLC
- 8.5.2.1. Overview
- 8.5.2.2. Financial performance
- 8.5.2.3. Product benchmarking
- 8.5.2.4. Strategic initiatives
- 8.5.3. Oracle
- 8.5.3.1. Overview
- 8.5.3.2. Financial performance
- 8.5.3.3. Product benchmarking
- 8.5.3.4. Strategic initiatives
- 8.5.4. Athenahealth, Inc.
- 8.5.4.1. Overview
- 8.5.4.2. Financial performance
- 8.5.4.3. Product benchmarking
- 8.5.4.4. Strategic initiatives
- 8.5.5. Epic Systems Corporation
- 8.5.5.1. Overview
- 8.5.5.2. Financial performance
- 8.5.5.3. Product benchmarking
- 8.5.5.4. Strategic initiatives
- 8.5.6. NXGN Management, LLC
- 8.5.6.1. Overview
- 8.5.6.2. Financial performance
- 8.5.6.3. Product benchmarking
- 8.5.6.4. Strategic initiatives
- 8.5.7. CareCloud Corporation
- 8.5.7.1. Overview
- 8.5.7.2. Financial performance
- 8.5.7.3. Product benchmarking
- 8.5.7.4. Strategic initiatives
- 8.5.8. R1 RCM, Inc.
- 8.5.8.1. Overview
- 8.5.8.2. Financial performance
- 8.5.8.3. Product benchmarking
- 8.5.8.4. Strategic initiatives
- 8.5.9. OncoSpark, Inc.
- 8.5.9.1. Overview
- 8.5.9.2. Financial performance
- 8.5.9.3. Product benchmarking
- 8.5.9.4. Strategic initiatives
- 8.5.10. Evident
- 8.5.10.1. Overview
- 8.5.10.2. Financial performance
- 8.5.10.3. Product benchmarking
- 8.5.10.4. Strategic initiatives