Product ID: SQMIG35G2131
Report ID:
SQMIG35G2131 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
203 |
Figures:
80
Revenue Cycle Management Market size was valued at USD 109.5 billion in 2019 and is poised to grow from USD 123.95 billion in 2023 to USD 334.22 billion by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).
Today's healthcare systems are becoming more sophisticated, and patient consumerism as well as the price of treatments are rising. Large hospitals and clinics are put under a lot of pressure by these market realities, which forces them to change into revenue cycle management (RCM) businesses. This element is described as a procedure that a hospital develops and uses to optimise patient income and the speed of its collection. The use of Electronic Health Records (EHR) in healthcare settings is required by a number of legal requirements, and desire for integrated EHR/RCM software for efficient workflow is driving up demand for this service globally.
The demand for this service is also growing during the research period due to rise in the number of claims denials and an increase in the administrative costs associated with managing the denied claims.
US Revenue Cycle Management Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONRevenue Cycle Management Market size was valued at USD 109.5 billion in 2019 and is poised to grow from USD 123.95 billion in 2023 to USD 334.22 billion by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).
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Product ID: SQMIG35G2131