The rapid adoption of electronic medical records and electronic health records by companies across the world drives the global revenue cycle management market or RCM market. Fortune Business Insights in its new report, titled “Revenue Cycle Management: Global Market Analysis, Insights and Forecast 2018-2025” predicts the market to grow at a remarkable rate during the forecast period. North America is expected to contribute significantly towards the growth of the revenue cycle management market.
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Some of the major companies that are present in the Global Revenue Cycle Management Market are;
- Greenway Health
- GeBBS Healthcare Solutions
- ZirMed, now part of Waystar
- Epic Systems Corporation
- General Electric Manufacturing Company Cerner Corporation
Strategic Collaborations May Help Companies to Improve their Market Positions
Some of the leading companies operating in the global RCM market include Eclinicalworks, Cerner Corporation, LLC, Gebbs Healthcare Solutions, Allscripts Healthcare Solutions, Inc., Epic Systems Corp. Experian PLC, Mckesson Corporation, GE Healthcare, Athenahealth, Inc., and Quest Diagnostics Incorp. Recenetly, Change Healthcare and Experian Health joined collaborated in January 2019 to offer identity management solutions. The main objective of the partnership is to solve issues of duplication errors and patient identification. Some other developments in the RCM market are:
Quest Diagnostics disclosed the newest version of its Quanum Enterprise Content Management Solution in June 2018. This RCM solution will help healthcare organizations improve the patient care driving efficiency and low costs.
A well-known market leader in ambulatory clinical systems called eClinicalWorks announced eClinical Works Revenue Cycle Management (RCM) in October2018. The main focus of this service was to aid medical practices in terms of optimizing billing. This solution launch will further expand the company’s product portfolio and growth rate.
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