The global Healthcare RCM Outsourcing market is expected to grow at a moderate rate during the forecast period. Rising industrialization and urbanization rates in the healthcare sector is boosting the growth of the global Healthcare RCM Outsourcing market. Surge in the operating costs of healthcare facilities and medical billing companies and increasing medical institutions are leads to expand the growth of the market.
Moreover, governments in many countries are supporting and taking initiatives for the adoption of outsourcing in the healthcare sector is the important factor expected to boost the growth of the Healthcare RCM Outsourcing market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and the high cost of healthcare RCM outsourcing for healthcare along with the challenges associated with the handling and use of healthcare revenue cycle management is likely to hamper the global Healthcare RCM Outsourcing market during the forecast period.
Covid-19 Impact on Healthcare RCM Outsourcing Market:
In addition, the current Healthcare RCM Outsourcing Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Healthcare RCM Outsourcing Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare RCM Outsourcing Market Segment Overview
According to Type, the market is segmented into Pre-Intervention, Intervention and Post-Intervention. Among these Pre-Intervention holds the largest share of the market mainly because of the growing demand for healthcare revenue cycle management would help the segment grow in the coming years.
Based on application, the Small/Rural Hospitals, Community Hospitals and Large Hospitals & Academic Medical Centers Services. Furthermore, Large Hospitals & Academic Medical Centers Services are expected to grow at the highest rate due to higher investment carried out by the segment and increase in need for revenue cycle management outsourcing for this segment in the coming years. In addition, thus it boosting the demand for Healthcare RCM Outsourcing globally.
Market Analysis, Insights and Forecast – By Type
· Pre-Intervention
· Intervention
· Post-Intervention
Market Analysis, Insights and Forecast – By Services
· Back-End Services
· Middle Services
· Front-End Services
Market Analysis, Insights, and Forecast – By End-user
· Small/Rural Hospitals
· Community Hospitals
· Large Hospitals & Academic Medical Centers Services
Healthcare RCM Outsourcing Market Regional Overview
Region-wise, North America dominated the global Healthcare RCM Outsourcing market and is expected to continue its dominance during the forecast period. Factors such as the rising number of outsourcing for healthcare revenue cycle management in the healthcare sector around the world, and high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, technological advancements and modernization are expected to escalate the growth of the Healthcare RCM Outsourcing market in the Asia Pacific region.
Healthcare RCM Outsourcing Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare RCM Outsourcing Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Healthcare RCM Outsourcing are highlighted below.
· In May 2021, Revenue cycle management company R1 RCM acquired patient financial engagement company VisitPay for $300 million in cash. The deal combined two major players in revenue cycle management.
Healthcare RCM Outsourcing Market, Key Players
· Cognizant
· Merriam-Webster
· Health Systems Management Network
· Cerner Corporation
· Constellation Healthcare Technologies
· Firstsource
· Meridian Medical Management Conifer Health Solutions, LLC.
· MTBC
· Source Medical
· edgeMED Healthcare
· MediRevv
· Greenway Health, LLC
· R1 RCM, Inc.
· Parallon
· Waystar Health
· PracticeMax
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Healthcare RCM Outsourcing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Pre-Intervention
- 5.2.2. Intervention
- 5.2.3. Post-Intervention
- 5.3. Market Analysis, Insights and Forecast – By Services
- 5.3.1. Back-End Services
- 5.3.2. Middle Services
- 5.3.3. Front-End Services
- 5.4. Market Analysis, Insights and Forecast – By End-user
- 5.4.1. Small/Rural Hospitals
- 5.4.2. Community Hospitals
- 5.4.3. Large Hospitals & Academic Medical Centers Services
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Healthcare RCM Outsourcing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Pre-Intervention
- 6.2.2. Intervention
- 6.2.3. Post-Intervention
- 6.3. Market Analysis, Insights and Forecast – By Services
- 6.3.1. Back-End Services
- 6.3.2. Middle Services
- 6.3.3. Front-End Services
- 6.4. Market Analysis, Insights and Forecast – By End-user
- 6.4.1. Small/Rural Hospitals
- 6.4.2. Community Hospitals
- 6.4.3. Large Hospitals & Academic Medical Centers Services
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Healthcare RCM Outsourcing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Pre-Intervention
- 7.2.2. Intervention
- 7.2.3. Post-Intervention
- 7.3. Market Analysis, Insights and Forecast – By Services
- 7.3.1. Back-End Services
- 7.3.2. Middle Services
- 7.3.3. Front-End Services
- 7.4. Market Analysis, Insights and Forecast – By End-user
- 7.4.1. Small/Rural Hospitals
- 7.4.2. Community Hospitals
- 7.4.3. Large Hospitals & Academic Medical Centers Services
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Healthcare RCM Outsourcing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Pre-Intervention
- 8.2.2. Intervention
- 8.2.3. Post-Intervention
- 8.3. Market Analysis, Insights and Forecast – By Services
- 8.3.1. Back-End Services
- 8.3.2. Middle Services
- 8.3.3. Front-End Services
- 8.4. Market Analysis, Insights and Forecast – By End-user
- 8.4.1. Small/Rural Hospitals
- 8.4.2. Community Hospitals
- 8.4.3. Large Hospitals & Academic Medical Centers Services
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Healthcare RCM Outsourcing Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Pre-Intervention
- 9.2.2. Intervention
- 9.2.3. Post-Intervention
- 9.3. Market Analysis, Insights and Forecast – By Services
- 9.3.1. Back-End Services
- 9.3.2. Middle Services
- 9.3.3. Front-End Services
- 9.4. Market Analysis, Insights and Forecast – By End-user
- 9.4.1. Small/Rural Hospitals
- 9.4.2. Community Hospitals
- 9.4.3. Large Hospitals & Academic Medical Centers Services
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. PracticeMax
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Cognizant
- 10.6. Merriam-Webster
- 10.7. Health Systems Management Network
- 10.8. Cerner Corporation
- 10.9. Constellation Healthcare Technologies
- 10.10. Firstsource
- 10.11. Meridian Medical Management Conifer Health Solutions, LLC.
- 10.12. MTBC
- 10.13. Source Medical
- 10.14. edgeMED Healthcare
- 10.15. MediRevv
- 10.16. Greenway Health, LLC
- 10.17. R1 RCM, Inc.
- 10.18. Parallon
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
