Healthcare Mid Revenue Cycle Management Market

Market Definition

The increasing use of mid-RCM solutions to minimise healthcare costs, verify revenue loss due to medical billing and coding errors, address concerns posed by reimbursement rate declines, handle ever-increasing volumes of unstructured data, and maintain regulatory compliance is driving market growth. However, in developing countries, IT infrastructure constraints, a shortage of skilled IT professionals, and the risks associated with HCIT solutions in terms of data protection and privacy may limit the market's growth to some degree. The substantial demand for these solutions from healthcare providers for enhancing data quality in clinical reporting, optimising hospital revenues by reducing coding errors, and shortening the claims payment period is driving growth in the mid-revenue cycle management solutions market for healthcare providers. Other key factors driving demand for these solutions include revenue losses due to medical billing and coding mistakes, decreasing reimbursement rates, and the need to minimise rising healthcare costs. A large portion of the market was accounted for by North America. The introduction of ICD-10 coding standards has increased demand for advanced computer-assisted coding systems in the region. ICD-10's improved data provides more visibility into health conditions and care management, as well as better predictive modelling and, eventually, better health outcomes. The downward trend in reimbursement rates in the United States also helps this market grow. 

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. 

Major Market Players

Key market players include 3M Company, Optum, Inc. (A Subsidiary of Unitedhealth Group, Inc.), Nuance Communications, Inc., M*Modal, Dolbey Systems, Nthrive, Inc, Streamline Health Solutions, LLC, Vitalware, LLC, Chartwise Medical Systems, Inc, Iodine Software. 

The Mid Revenue Cycle Management Market report has been categorized as below

By Product & Service 

  • Solutions
  • Clinical documentation
  • Clinical coding
  • NLP solutions
  • Structure input solutions
  • Charge capture
  • Clinical documentation improvement
  • Diagnosis-related grouping
  • Pre-bill review
  • Consulting Services

By End User

  • Healthcare Providers
  • Inpatient settings
  • Outpatient settings
  • Healthcare Payers

 By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitor are exploring?
  • Key players in the market and how intense is the competition?
  • What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  • For each segment, what are the significant opportunities in the market?
  • What are the key growth strategies adopted by major market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Gain comprehensive insights on the Mid Revenue Cycle Management industry & market trends
  • Note complete analysis of the market status
  • Recognize the market opportunities and growth segments
  • Evaluating business segments & product portfolios, and interpret competitive dynamics
  • Facilitate strategy planning and industry dynamics to strengthen decision making

Report Content

  1. Mid Revenue Cycle Management Market Introduction
  2. Key Insights
  3. Report Overview
  4. Markets Covered
  5. Stakeholders
  6. Research Methodology
  7. Research Scope
  8. Market Research Process
  9. Research Data Analysis
  10. Market Size Estimation
  11. Executive Summary
  12. Market Overview
  13. Introduction 
  14. Market Drivers and Restraints
  15. By Product & Service 
  16. Solutions
  17. Clinical documentation
  18. Clinical coding
  19. NLP solutions
  20. Structure input solutions
  21. Charge capture
  22. Clinical documentation improvement
  23. Diagnosis-related grouping
  24. Pre-bill review
  25. Consulting Services
  26. By End User
  27. Healthcare Providers
  28. Inpatient settings
  29. Outpatient settings
  30. Healthcare Payers
  31. By Region
  32. Key Points
  33. North America
  34. US
  35. Canada
  36. Mexico
  37. Europe
  38. Germany
  39. France
  40. Italy
  41. UK
  42. Rest of World
  43. Asia Pacific
  44. Japan
  45. China
  46. India
  47. Australia
  48. Rest of Asia Pacific
  49. Rest of the World
  50. South America
  51. Middle East and Africa
  52. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

  1. 3M Company
  2. Optum, Inc. (A Subsidiary of Unitedhealth Group, Inc.)
  3. Nuance Communications, Inc.
  4. M*Modal
  5. Dolbey Systems
  6. Nthrive, Inc.
  7. Streamline Health Solutions, LLC
  8. Vitalware, LLC.
  9. Chartwise Medical Systems, Inc.
  10. Iodine Software

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