Technology Spending on Revenue Cycle Management Market Technology Spending on Revenue Cycle Management Ma

Technology
Spending
on
Revenue
Cycle
Management Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016
- 2024
Global Technology Spending on Revenue Cycle Management: Snapshot
The global technology spending on revenue cycle management is primarily being
driven by the wide array of advantages that their implementation can offer, such as
increase in revenue generation, better efficiency in healthcare practices, easier
compliance with industry norms and regulations, and greater accuracy and easier
access to healthcare IT systems. However, its market is currently being restricted by
a host of issues, including the inability to handle uninsured patients, the losses and
increased pressure incurred due to changes in regulations, the low mobility of a
system in response to shifting market dynamics, and the overall concerns regarding
the integrity and security of data.
The current trends in the global market for technology spending on revenue cycle
management include a growing use of credit card programs that can aid and cover
a greater percentage of a national population and allow healthcare organizations to
access their medical data faster. The global market for technology spending on
revenue cycle management is expected to reach an evaluation of US$51.56 bn by
the end of 2024. It was calculated at US$28.50 bn at the end of 2015 and is
expected to expand at a healthy CAGR of 6.9% within a forecast period from 2016
to 2024.
View Report @ http://www.transparencymarketresearch.com/technology-
spending-revenue-cycle-management.html
Companies Going for Cloud-based Revenue Cycle Management
Revenue cycle management can be dissected into integrated and stand-alone, on
the basis of platforms. An integrated platform for revenue cycle management is a
combined system for a healthcare organization’s financial performance
management, a patient’s electronic health records (EHR), and business intelligence
tools, all collected under a single revenue cycle solution. A stand-alone platform in
revenue cycle management, on the other hand, can work independently of other
solutions or software. It works individually without requiring patient health records
or medical records integration. Based on deployment, revenue cycle management is
segmented into cloud-based and on-premise. Cloud-based deployment is trending