Software
Services
On the basis of product type, the global healthcare RCM market is classified into:
Standalone
Integrated
Others
On the basis of end user, the global healthcare RCM market is classified into:
Hospitals
Laboratories
Physicians
Others
Among deployment types, the cloud based solutions holds the majority share in the healthcare
revenue cycle management market. The primary factor for the dominance of this segment is
high rate of adoption of electronic medium for maintaining health records, thereby ensuring
well-organized data mining, superior accessibility of the data and precise evaluation of the data
corresponding to health information. This in turn will fuel the growth of the overall healthcare
revenue cycle management market.
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Rising incidences of hospitalizations will drive the overall healthcare revenue cycle management
market
According to the American Hospital Association, the total number of registered hospitals in the
U.S. was 5,564 in 2015. Moreover, it states that in 2015, the total number of admissions in
these hospitals was 35,061,292, i.e. around 35 million patients. Increasing number of
hospitalizations, in turn fuels growth of the global healthcare revenue cycle management
systems market. Maintaining well organized records of patients is the need of the hour.
Additionally, the emerging economies, especially countries such as China and India are likely to
show significant growth prospects over the course of the forecast period. Increasing spends on
healthcare, availability and accessibility of better healthcare facilities, increasing incidence of
diseases and the rising importance of studying historical patient profile across the healthcare
industry will augment the overall growth of the market. Government initiates and strict