Healthcare RCM Outsourcing Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

1. Global Healthcare RCM Outsourcing Market Research Report and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Healthcare RCM Outsourcing Market Report By Type (pre-intervention, intervention and post-intervention), Services (Back-end ,  Middle and Front-end ), End-Users, Region The global healthcare RCM outsourcing market has witnessed a positive growth over the past several years. This can be attributed to the numerous benefits offered by RCM service providers including efficient allocation of financial and human resources, reduced staffing issues, improved coverage of unpaid accounts, and enhanced overall productivity. Market Overview: IMARC Group’s latest study, titled “Healthcare RCM Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global healthcare RCM outsourcing market crossed a value of US$ 11.7 Billion in 2018. Revenue cycle management (RCM), also known as medical billing, is one of the vital aspects of a healthcare business. Successful RCM activities can help an organization in optimizing non-medical services which range from registration and scheduling appointments to final balance payments. In recent years, an increasing number of healthcare organizations have shifted from in-house management towards outsourcing RCM activities as it helps in efficient allocation of financial and human resources. Moreover, technological advancements and changing government regulations have led various healthcare organizations to seek expert assistance for their RCM activities.

4. Report Description and Highlights Report Description • Global Healthcare RCM Outsourcing Market Trends: • Healthcare RCM outsourcing provides a number of other benefits besides reducing the non-clinical task burden on hospitals and physicians. An expert RCM provider offers improved coverage of unpaid accounts along with enhancing the cash flow. In addition, outsourcing reduces staffing issues and training as the organizations stay acquainted with the latest coding systems and other changes in healthcare regulations. This helps in increasing the overall productivity of the healthcare organization as well as improves patient and physician satisfaction. Moreover, RCM service providers offer the ability to easily scale up the provider’s requirement, thereby creating opportunities for business expansion without any need for either human or infrastructure resources. However, outsourcing is not a viable option for healthcare providers with limited budget as the fee is higher for smaller number of claims. Looking forward, the global healthcare RCM outsourcing market is projected to reach a value of US$ 21.9 Billion by 2024, registering a CAGR of 11% during 2019-2024. • Healthcare RCM Outsourcing Market Segmentation: • Market Segmentation by Type • Pre-intervention • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=926&flag=B

5. Market Forecast Sample Figure: Global: Healthcare RCM outsourcing Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Intervention • Post-intervention • On the basis of type, the market has been segregated into pre-intervention, intervention and post-intervention. Amongst these, pre-intervention RCM services are the leading category, holding the majority of the market share. • Market Segmentation by Services • Back-end • Middle • Front-end • Based on services, back-end services which handle claim management and reimbursements represent the leading segment, accounting for the largest share. Other major segments include middle services and front-end services. • Market Segmentation by End-Users • For more information, click here: https://www.imarcgroup.com/healthcare-rcm-outsourcing-market

7. Market Segmentation Report Description • Hospitals • Others • On the basis of application, hospitals account for the majority of market share as an increasing number of hospitals are outsourcing RCM activities so as to reduce costs and focus on providing value-based healthcare. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Based on geography, North America leads the global healthcare RCM outsourcing market on account of the growing adoption of latest technologies such as hospital information systems and electric health record (EHR). Other major regions include Asia Pacific, Europe, Latin America, and Middle East and Africa.

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Conifer Health Solutions • Emdeon Business Services • MedAssets • McKesson • Parallon Business Solutions • The SSI Group • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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12. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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