Global Healthcare Revenue Cycle Management Market Report 2023-2028: Burgeoning Opportunities in Conversational AI for Front-end RCM, Automation for Efficiency, Hybrid Approach, and Blockchain

News provided by

Dec 18, 2023, 19:00 ET

DUBLIN , Dec. 18, 2023 /PRNewswire/ -- The "Global Healthcare Revenue Cycle Management Market, Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

This report is a comprehensive guide for senior executives seeking to capitalize on the advancements in RCM solutions. It delves into how the synergy of intelligent technologies-such as conversational AI and automation-is primed to revolutionize the healthcare sector. Recognized as a paramount healthcare IT strategy, intelligent RCM is the gateway to not only meeting but exceeding patient expectations and streamlining the payment lifecycle within the modern healthcare context.

Healthcare challenges such as workforce shortages, decline in revenue and operating margins, patient payment collection issues, complex claims compliance requirements, and increased patient expectations for seamless experience are compelling healthcare providers to rethink their revenue cycle management (RCM) approach. Providers are realizing the importance of a robust RCM strategy to address revenue and margin challenges. Improving turnaround time from service to payment is a key focus of RCM strategies.

Effective and efficient payer-provider coordination will be a competitive advantage for providers. Growing shift toward value-based care, process-specific inefficiencies such as the need for a digital front door, error-prone coding and documentation, and poor denial management drive the demand for technology-driven RCM solutions.

Healthcare leaders consider RCM a top healthcare IT strategy, highlighting their appetite for new technology adoption. Intelligent technologies such as conversational AI, Generative AI, and automation will spur the transformational growth of the RCM market.

Growth Opportunity Universe

Conversational AI for Front-end RCM
Automation for Efficient RCM
Hybrid RCM Approach
Blockchain for RCM

Key Topics Covered:

1 Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Healthcare Revenue Cycle Management (RCM) Industry
Growth Opportunities Fuel the Growth Pipeline Engine

2 Growth Opportunity Analysis

Scope of Analysis
Solution Segmentation of RCM
End User Segmentation of RCM
Segmentation by Geography
Key Competitors
RCM Process Pathway - Selected Financial Metrics and Statistics
Current State of the RCM
Key Provider Challenges
RCM - Phase-wise Challenges and Key Value Propositions
Key Trend - VBC and its Impact on RCM
RCM Companies Driving Providers' VBC Goals
Key Trend - Align Goals of Payment Integrity and Revenue Integrity
Key Trend - Growing Pressure of Claim Denials and Management
Key Trend - Automation in RCM Functions
Key Trend - Focus on Healthcare Price Transparency
Key Trend - Promising Gen AI Use Cases across RCM Cycle
Gen AI - High-impact RCM Functions
Clinical Documentation - Top RCM Function with Gen AI Activities
Voices from the Industry - How do RCM Solutions Impact the Revenue Cycle Process?
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Solution
Revenue Forecast by End User
Forecast Analysis
Pricing Trends and Forecast Analysis
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Analysis of the Attractiveness of RCM Solutions
Result - Regional Attractiveness Ranking and Mapping
Competitive Environment
Revenue Share
Revenue Share Analysis
Competitive Overview
Company Spotlight

3 Growth Opportunity Analysis - Hospitals & Ambulatory Clinics

Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis

4 Growth Opportunity Analysis - Physician & Specialty Practices

Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis

5 Growth Opportunity Analysis - Other Care Sites

Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis

For more information about this report visit https://www.researchandmarkets.com/r/ubac5i

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets