The healthcare revenue cycle management (RCM) software market is expected to grow by USD 27.43 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the healthcare revenue cycle management (RCM) software market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The healthcare revenue cycle management (RCM) software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Information Technology Include:
Global Electronic Health Records Market – Global electronic health records market is segmented by deployment (On-premise and Cloud-based), geographic (North America, Europe, APAC, MEA, and South America), and component (services, software, and hardware).
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Global Healthcare Cloud Computing Market – Global healthcare cloud computing market is segmented by product (SaaS, IaaS, and PaaS) and geography (APAC, Europe, MEA, North America, and South America).
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Major Three Healthcare Revenue Cycle Management (RCM) Software Market Participants:
3M Co.
The company offers software and services for hospitals, health systems, and other providers to develop classification, grouping, and reimbursement calculation systems for inpatient, outpatient, and professional settings.
Allscripts Healthcare Solutions Inc.
The company offers Allscripts Revenue Cycle Management Services (Allscripts RCMS) for both hospitals and physician practices.
Change Healthcare Inc.
The company offers RCM Complete, an end-to-end advanced RCM solution to help hospitals, health systems, and physician practices improve staff efficiency, optimize revenue, and elevate patient engagement.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a free sample report for a detailed market share analysis of market participants during COVID-19 lockdown: www.technavio.com/talk-to-us?report=IRTNTR70319
Healthcare Revenue Cycle Management (RCM) Software Market 2021-2025: Segmentation
Healthcare revenue cycle management (RCM) software market is segmented as below:
- End-user
- Hospitals
- Physicians
- Medical Labs
- Geography
- North America
- Europe
- APAC
- South America
- MEA
The healthcare revenue cycle management (RCM) software market is driven by rise in the adoption of electronic health records (EHRs). In addition, the adoption of value-based RCM among healthcare service providers is also expected to trigger the healthcare revenue cycle management (RCM) software market toward witnessing a CAGR of over 10% during the forecast period.
Get more insights into the global trends impacting the future of the healthcare revenue cycle management (RCM) software market
Market Drivers
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Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Report: www.technavio.com/report/healthcare-revenue-cycle-management-software-market-industry-analysis
SOURCE Technavio