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Global Revenue Cycle Management (RCM) Market Report 2015-2019 - North America Holds the Highest Market Share of 52.6%DUBLIN, April 13, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/whv8dx/revenue_cycle) has announced the addition of the "Revenue Cycle Management (RCM) Market by Product (Integrated Revenue Cycle Management, Standalone Revenue Cycle Management), by Deployment (On Premise, Web Based, Cloud Based), by Component (Hardware, Software, Services) - Global Forecast to 2019" report to their offering. (Logo: http://photos.prnewswire.com/prnh/20130307/600769 ) North America holds the highest market share of 52.6% in 2014, followed by Europe. The global revenue cycle management system (RCM) market holds a high growth potential owing to a number of factors favoring this market. The consolidation of healthcare providers, initiative taken by governmental bodies for implementing RCM solutions, and decrease in reimbursements are significant factors driving this market. However, limited investments in healthcare IT, fragmented end-user market, and high costs, act as major market inhibitors. On the basis of deployment, the market is classified into on-premise, web-based, and cloud-based. The revenue cycle management system market by component comprises hardware, software, and services. Major applications of this market are biller's dashboard, claims attachment rules, claims remittance updates, direct payer claims, EMR documentation for claims, eligibility transaction with payer, and medical necessity alert at registration among others. End-users of this market include academics, ambulatory care solutions, hospitals, medical and diagnostic laboratories, and office based physicians. Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks, Inc. (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare (Germany), and Kareo, Inc. (U.S.) are some of the key players operating in this market.
SOURCE Research and Markets |