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[USPRwire, Wed Nov 26 2014] Revenue cycle management system (RCM) for healthcare providers enables healthcare organizations of all sizes to accelerate their revenue cycles. This is achieved by reducing the number of denied insurance claims, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and automating processes. The RCM solution starts when a patient enters the hospital. It automates business process leading to speedy patient and payer follow-up.
Globally, Europe is the second-largest revenue cycle management market, and is expected to reach a value of $1,198.6 million by 2018. It is projected to grow at a CAGR of 6.3%, from 2013 to 2018. This growth is attributed to the rise in the adoption of new and updated versions of RCM solutions. New projects have been initiated to meet the huge demand of the new versions of RCM solutions. Healthcare providers in Europe are now undergoing consolidation to improve purchasing capacity of RCM solutions.
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The key players in the market include, Quest diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts (U.S.), GE Healthcare (U.K.), eClinicalWorks (U.S.), CareCloud Corporation (U.S.), The SSI Group, Inc. (U.S.), Kareo (U.S.)
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Key questions answered
* What are the market estimates and forecasts based on which the markets are doing well, and which are not?
* What is the competitive landscape; who are the main players in each segment; what are their strategic directives, operational strengths, key selling products, and product pipelines? Who is doing what?
Audience for This Report
* Healthcare Provider IT Companies
* Hospital & Emergency Care Units
Markets that Influence the Growth of this Market
* U.K. Non-Clinical Information System Market
* Germany Non-Clinical Information System Market
* France Non-Clinical Information System Market
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