U.S. Non-Acute Care Revenue Cycle Management Market By Products (Integrated and Standalone RCM), By Deployment (On-Premises, and Cloud-Based), By End-Use (Long-term Care, General Physician Clinics, Surgery Centers), And Forecast

U.S. Non-Acute Care Revenue Cycle Management Market Size And Forecast

U.S. Non-Acute Care Revenue Cycle Management Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period which is 2021 to 2028.

Electronic health care records and other standard solutions are considered as the key factors for boosting the global revenue cycle management in the non-acute healthcare sector. The U.S. Non-Acute Care Revenue Cycle Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

U.S. Non-Acute Care Revenue Cycle Management Market Definition

Non-acute care revenue cycle management is defined as the practices a hospital designs and implements to maximize both the amount of patient revenue and the speed of patient revenue collection.

U.S. Non-Acute Care Revenue Cycle Management Market Overview

Think of it this wayelectronic health records and other standard solutions? They're basically the heroes driving revenue cycle management forward in non-acute healthcare. And when you add in cool IT tools like advanced predictive analysis, business intelligence, and automated patient billing, thanks to RCMs, the market just explodes! Healthcare providers are practically begging for these systems, so RCM vendors are scrambling to pack in more features. Everyone wants RCM and EHR solutions to play nice together; some providers won't even consider RCM unless it works seamlessly with their EHR setup. Automating all those tedious billing and admin tasks? The stuff entire departments used to handle? That's a game-changer. Plus, healthcare facilities are stressed with rising costs and need billing to happen, like, yesterday. That's why RCM outsourcing agencies are seeing a massive boom. It's all connected!

With the high costs involved, small healthcare facilities, clinics, especially in emerging countries, are reluctant to replace their legacy systems with RCM solutions. This is one of the factors that hamper market growth.

The U.S. Non-Acute Care Revenue Cycle Management MarketSegmentation Analysis

The U.S. Non-Acute Care Revenue Cycle Management Market is segmented based on Products, Deployment, and End-Use.

U.S. Non-Acute Care Revenue Cycle Management Market, By Products

• Integrated• Standalone RCM

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Based on Products, the market is bifurcated into Integrated and Standalone RCM. Integrated accounted for the largest market share of 75.11% in 2020, is projected to grow at the highest CAGR of 11.50% during the forecast period. Standalone RCM was the second-largest market in 2020.

U.S. Non-Acute Care Revenue Cycle Management Market, By Deployment

• On-Premises• Cloud-Based

Based on the Deployment, The U.S. Non-Acute Care Revenue Cycle Management Market has been segmented into On-Premises, and Cloud-Based. On-Premises accounted for the largest market share of 61.83% in 2020 and is projected to grow at a CAGR of 10.09% during the forecast period. Cloud-Based was the second-largest market in 2020.

U.S. Non-Acute Care Revenue Cycle Management Market, By End-Use

• Long-term Care• General Physician Clinics• Surgery Centers• Others

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On the basis of End-Use, The U.S. Non-Acute Care Revenue Cycle Management Market is classified into Long-term Care, General Physician Clinics, Surgery Centers, and Others. Long-term Care accounted for the largest market share of 40.20% in 2020 and is projected to grow at the highest CAGR of 12.46% during the forecast period. General Physician Clinics was the second-largest market in 2020.

Key Players

The “The U.S. Non-Acute Care Revenue Cycle Management Market” study report will provide valuable insight with an emphasis on the U.S. market. The major players in the market are Optum, 3M, Change Healthcare, Medirevv, R1 RCM, McKesson Corporation, Conifer Health Solutions, Allscripts Healthcare Solutions, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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