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Healthcare Revenue Cycle Management Market Trends

Report ID: GMI1170
Published Date: Jan 2023
Report Format: PDF

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Healthcare Revenue Cycle Management Market Trends

Recurring changes in healthcare regulatory compliance are restraining healthcare revenue cycle management market growth. Revenue cycle experts are dealing with complicated government regulations and payer rules. A strong and reliable revenue cycle management strategy is essential for healthcare businesses to keep up with new payment models and constantly evolving healthcare laws. For instance, the No Surprise Act implemented in 2022 that mandates providers to offer cost estimates supports the smooth functioning of RCM in the healthcare sector. Nonetheless, the introduction of upgraded versions of HRCM solutions is expected to help industry participants overcome this issue.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global HRCM Market size was valued at more than USD 140 billion in 2022 and is set to progress at over 12.5% CAGR from 2023 to 2032 owing to supportive healthcare expenditure in developed as well as emerging economies.

The physician office segment is speculated to progress at over 14% CAGR between 2023 and 2032 due to the widespread utilization of billing and coding HRCM software for managing patient data.

The cloud-based segment is set to reach more than USD 378.5 billion by the end of 2032 as a result of prominent innovation in cloud-based solutions by key players operating in the market.

Europe HRCM market valuation is poised to surpass USD 130.5 billion by 2032, owing to an increasing demand for smoother financial management across healthcare facilities in the region.