Bharat Book

European Revenue Cycle Management System (RCM) Market

Press Release   •   Sep 24, 2014 14:54 IST

Sep 24, 2014 : Bharat Book Bureau presents the new report, on " European Revenue Cycle Management System (RCM) Market”, It automates business process leading to speedy patient and payer follow-up.

Revenue cycle management system (RCM) for healthcare providers enables healthcare organizations of all sizes to accelerate their revenue cycles. This is achieved by reducing the number of denied insurance claims, speeding explanation of benefits (EOB) reconciliation, improving the quality of information, streamlining denial management, and automating processes. The RCM solution starts when a patient enters the hospital. It automates business process leading to speedy patient and payer follow-up.

Globally, Europe is the second-largest revenue cycle management market, and is expected to reach a value of $1,198.6 million by 2018. It is projected to grow at a CAGR of 6.3%, from 2013 to 2018. This growth is attributed to the rise in the adoption of new and updated versions of RCM solutions. New projects have been initiated to meet the huge demand of the new versions of RCM solutions. Healthcare providers in Europe are now undergoing consolidation to improve purchasing capacity of RCM solutions.

The key players in the market include, Quest diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts (U.S.), GE Healthcare (U.K.), eClinicalWorks (U.S.), CareCloud Corporation (U.S.), The SSI Group, Inc. (U.S.), Kareo (U.S.)

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