NEW YORK, Sept. 22, 2022 /PRNewswire/ -- The "Healthcare RCM Outsourcing Market in the US by Service (Back-end services, Middle services, and Front-end services) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the healthcare RCM outsourcing market size in the US between 2021 and 2026 is USD 1.67 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Technavio provides a comprehensive report summary describing the market size and forecast of the healthcare RCM outsourcing market in the US, along with research methodology. The FREE sample report is available in PDF format
The back-end services segment will be the largest contributor to the market growth during the forecast period. This segment includes post-intervention activities with patients. The growth of this segment is attributed to mission-critical processes such as accounts receivable, billing, and compliance requirement services. The most wanted services in this segment include denials management and account receivable management. Compliance requirement is important owing to the dynamic rate of healthcare industry transformation. Thus, the increasing demand for back-end services will drive the healthcare revenue cycle management (RCM) outsourcing market growth in the US during the forecast period.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the healthcare RCM outsourcing market in the US report
Key Market Dynamics
Market Driver: The improvement in healthcare administrative processes is driving the growth of the market. The increasing costs and administrative expenses in the evolving regulatory environment have fueled the use of RCM outsourced services. RCM solutions provide operational and cost reduction advantages. They contribute to compliance, revenue growth, and overall improvement in organizational transparency. Thus, all these factors help in expanding the end-user base and will drive the consumption of the US healthcare revenue cycle management (RCM) outsourcing market, which will drive the market growth during the forecast period.
Market Challenge: Offshore outsourcing intensifying competition is challenging the growth of the market. Emerging countries such as India and China have a large IT services sector and low labor costs. Globalization has led to an increase in acceptance and proliferation of offshore outsourcing elements across various sectors in the US. Hence, offshore outsourced RCM vendors offer cost-efficiency in emerging economies. This can lead to industry-wide price wars. These factors may challenge the healthcare revenue cycle management outsourcing market growth in the US during the forecast period.
Technavio has identified key trends, drivers, and challenges in the healthcare RCM outsourcing market in the US, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report
Some Companies Mentioned
Allscripts Healthcare Solutions Inc.
Change Healthcare Inc.
Clearlake Capital Group L.P.
Conifer Health Solutions LLC
EdgeMED Healthcare LLC
Epic Systems Corp.
Firstsource Solutions Ltd.
Greenway Health LLC
NextGen Healthcare Inc.
Parallon Business Solutions
Quest Diagnostics Inc.
R1 RCM Inc.
The SSI Group LLC
Want your report customized? Speak to an analyst and personalize your report according to your needs
Healthcare Information Systems Market by Application and Geography - Forecast and Analysis 2022-2026: The healthcare information systems market share is expected to increase by USD 136.04 billion from 2021 to 2026.
Healthcare IT Market by Component and Geography - Forecast and Analysis 2021-2025: The healthcare IT market share is expected to increase by USD 121.75 billion from 2020 to 2025.
Healthcare RCM Outsourcing Market in the US Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.75%
Market growth 2022-2026
USD 1.67 billion
YoY growth (%)
Leading companies, competitive strategies, consumer engagement scope
3M Corp., Allscripts Healthcare Solutions Inc., CareCloud Inc., Change Healthcare Inc., Clearlake Capital Group L.P., Conifer Health Solutions LLC, DrChrono Inc., EdgeMED Healthcare LLC, Epic Systems Corp., Firstsource Solutions Ltd., Greenway Health LLC, MedData Inc., NextGen Healthcare Inc., Optum360 Inc., Parallon Business Solutions, Quest Diagnostics Inc., R1 RCM Inc., The SSI Group LLC, Vee Technologies, and Vizient Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Information Technology Market Reports
Key Topics Covered
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Service
5.1 Market segments
5.2 Comparison by Service
5.3 Back-end services - Market size and forecast 2021-2026
5.4 Middle services - Market size and forecast 2021-2026
5.5 Front-end services - Market size and forecast 2021-2026
5.6 Market opportunity by Service
6 Customer Landscape
6.1 Customer landscape overview
7 Drivers, Challenges, and Trends
7.1 Market drivers
7.2 Market challenges
7.3 Impact of drivers and challenges
7.4 Market trends
8 Vendor Landscape
8.2 Vendor landscape
8.3 Landscape disruption
8.4 Industry risks
9 Vendor Analysis
9.1 Vendors covered
9.2 Market positioning of vendors
9.3 3M Corp.
9.4 Allscripts Healthcare Solutions Inc.
9.5 Change Healthcare Inc.
9.6 Clearlake Capital Group L.P.
9.7 Conifer Health Solutions LLC
9.8 Firstsource Solutions Ltd.
9.9 MedData Inc.
9.10 Optum360 Inc.
9.11 Parallon Business Solutions
9.12 The SSI Group LLC
10.1 Scope of the report
10.2 Inclusions and exclusions checklist
10.3 Currency conversion rates for US$
10.4 Research methodology
10.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/healthcare-rcm-outsourcing-market-in-the-us-to-record-a-cagr-of-7-75-improvement-in-healthcare-administrative-processes-to-boost-market-growth---technavio-301628665.html