Technology Spending on Revenue Cycle Management Market: By Software Type (Integrated Software, Standalone Software), By Deployment (Cloud-Based, On-Premise), By Component (Software, Services), By End-User (Hospitals, Ambulatory Surgical Centers, Others) and By Geography.

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Technology Spending on Revenue Cycle Management Market size was valued at USD 38.09 billion in 2022 and is expected to reach USD 55.40 billion by 2029, at a CAGR of 5.5% from 2023-2029. Revenue cycle management is the management of all clinical and administrative functions that contribute the revenues directly or indirectly through the patient service to optimize the final profits. The process for the revenue cycle management includes patient registration, eligibility, verification for insurance, medical coding, claim processing, and payments. The process can be done by using the software. Major prominent elements in revenue cycle management include patients, healthcare providers, billing companies, and insurance providers. An increase in demand for cloud-based solutions coupled with technological advancements in workflow optimization is anticipated to drive the growth of the market. Moreover, improvements in the efficiency in healthcare services, rise in revenue generation, presence of a huge number of insurance providers, easier access to healthcare IT systems, and rise in preference for outsourced revenue cycle management solutions are anticipated to propel the technology spending on revenue cycle management market over the forecast years. Moreover, high costs for the RCM deployment, the dearth of skilled professionals, the inability to handle uninsured patients, and infrastructure loopholes are expected to restrain the growth of global technology spending on the revenue cycle management market over the forecast timeframe. 

Technology Spending On Revenue Cycle Management Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.5%

Largest Market

North-America

Fastest Growing Market

Europe
Technology Spending on Revenue Cycle Management Market Dynamics

The wide range of benefits that revenue cycle management implementation can provide, such as increased revenue generation, better efficiency in healthcare practises, easier compliance with industry norms and regulations, and greater accuracy and easier access to healthcare IT systems, are driving global technology spending on revenue cycle management. However, a number of issues are currently limiting its market, including its inability to handle uninsured patients, the losses and increased pressure incurred as a result of regulatory changes, the system's low mobility in response to changing market dynamics, and overall concerns about data integrity and security.

Technology Spending On Revenue Cycle Management Market Segmentation

By Software Type
  • Integrated Software
  • Standalone Software
By Deployment
  • Cloud-Based
  • On-Premise
By Component
  • Software
  • Services
By End Users
  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Frequently Asked Questions

The technology spending on revenue cycle management market size was valued at USD 38.09 billion in 2022.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
1. Executive Summary
2. Global Technology Spending on Revenue Cycle Management Market Introduction 
2.1.Global Technology Spending on Revenue Cycle Management Market  - Taxonomy
2.2.Global Technology Spending on Revenue Cycle Management Market  - Definitions
2.2.1.Software Type
2.2.2.Deployment
2.2.3.Component
2.2.4.End Users
2.2.5.Region
3. Global Technology Spending on Revenue Cycle Management Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Technology Spending on Revenue Cycle Management Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Technology Spending on Revenue Cycle Management Market  By Software Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Integrated Software
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Standalone Software
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6. Global Technology Spending on Revenue Cycle Management Market  By Deployment, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Cloud-Based
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. On-Premise
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global Technology Spending on Revenue Cycle Management Market  By Component, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Software
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Services
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8. Global Technology Spending on Revenue Cycle Management Market  By End Users, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Hospitals
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Ambulatory Surgical Centers
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Others
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9. Global Technology Spending on Revenue Cycle Management Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Technology Spending on Revenue Cycle Management Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Software Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Integrated Software
10.1.2.Standalone Software
10.2.  Deployment Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Cloud-Based
10.2.2.On-Premise
10.3.  Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Software
10.3.2.Services
10.4.  End Users Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Hospitals
10.4.2.Ambulatory Surgical Centers
10.4.3.Others
10.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Technology Spending on Revenue Cycle Management Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Software Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Integrated Software
11.1.2.Standalone Software
11.2.  Deployment Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cloud-Based
11.2.2.On-Premise
11.3.  Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Software
11.3.2.Services
11.4.  End Users Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Hospitals
11.4.2.Ambulatory Surgical Centers
11.4.3.Others
11.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Technology Spending on Revenue Cycle Management Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Software Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Integrated Software
12.1.2.Standalone Software
12.2.  Deployment Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cloud-Based
12.2.2.On-Premise
12.3.  Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Software
12.3.2.Services
12.4.  End Users Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Hospitals
12.4.2.Ambulatory Surgical Centers
12.4.3.Others
12.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Technology Spending on Revenue Cycle Management Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. Software Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Integrated Software
13.1.2.Standalone Software
13.2.  Deployment Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Cloud-Based
13.2.2.On-Premise
13.3.  Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Software
13.3.2.Services
13.4.  End Users Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Hospitals
13.4.2.Ambulatory Surgical Centers
13.4.3.Others
13.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Technology Spending on Revenue Cycle Management Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
14.1. Software Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Integrated Software
14.1.2.Standalone Software
14.2.  Deployment Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Cloud-Based
14.2.2.On-Premise
14.3.  Component Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Software
14.3.2.Services
14.4.  End Users Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Hospitals
14.4.2.Ambulatory Surgical Centers
14.4.3.Others
14.5.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1. Cerner Corporation (U.S.)
15.2.2. DST Systems, Inc. (U.S.)
15.2.3. 3M Company (U.S.)
15.2.4. Allscripts Healthcare Solutions (U.S.)
15.2.5. McKesson Corporation (U.S.)
15.2.6. Athenahealth, Inc. (U.S.)
15.2.7. Quest Diagnostics Incorporated (U.S.)
15.2.8. Experian PLC (Ireland)
15.2.9. Eclinicalworks, LLC (U.S.)
15.2.10. Xifin, Inc. (U.S.)
15.2.11. Epic Systems Corporation (US)
16. Research Methodology 
17. Appendix and Abbreviations 
  • Cerner Corporation (U.S.)
  • DST Systems, Inc. (U.S.)
  • 3M Company (U.S.)
  • Allscripts Healthcare Solutions (U.S.)
  • McKesson Corporation (U.S.)
  • Athenahealth, Inc. (U.S.)
  • Quest Diagnostics Incorporated (U.S.)
  • Experian PLC (Ireland)
  • Eclinicalworks, LLC (U.S.)
  • Xifin, Inc. (U.S.)
  • Epic Systems Corporation (US)

Adjacent Markets