The global Healthcare Revenue Cycle Management market is estimated to be valued at US$ 49.6 Bn in 2023 and is expected to exhibit a CAGR of 11.1% over the forecast period 2023-2028.
A) Market Overview:
Healthcare Revenue Cycle Management refers to the process of managing the financial aspects of a patient's journey through the healthcare system, starting from scheduling an appointment to receiving payment for services rendered. It involves various ... Read more
Revenue cycle management (RCM) plays a vital role in healthcare organizations by streamlining the process of healthcare billing and reimbursement. It provides efficient management of billing procedures including insurance claims processing, payment posting and follow-up of denied claims. RCM solutions help providers optimize billing productivity and financial outcomes while offering seamless patient experience.
The global Healthcare Revenue Cycle Management Market is estimated ... Read more
Revenue cycle management (RCM) solutions allow healthcare providers to effectively manage the patient revenue cycle from appointment scheduling to claims processing and payment. RCM software helps health systems gain financial insights, simplify processes, reduce costs, prevent revenue leakage, and accelerate cash flow. The growing need to reduce rising healthcare costs and demand for cost-effective solutions among providers is expected to drive the global healthcare RCM market.
