Global Healthcare Revenue Cycle Management Market is likely to grow at CAGR of around 15% and will exceed over USD 90.0 billion by 2024. Global healthcare revenue cycle management market growth is primarily driven by increasing healthcare expenditures in both developed and developing countries such as China, U.S., Japan, and Germany. Other factors such as rising complications in the revenue data management in the hospitals and reduces the billing errors in the hospitals, drive the market for healthcare revenue Cycle management through the forecast period. Global Healthcare Revenue Cycle Management Market Overview, By Region North America had the highest market share in 2017. The factors such as strict regulations from the government regarding proper billing and tax payment, and safeguarding the clinical data drive the market for healthcare revenue cycle management. Implementation of Care Act by U.S. government is the primary driving factor the market of healthcare revenue cycle management through the forecast period. Global Healthcare Revenue Cycle Management Market Overview, By Component
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Services market had the highest share in 2016. This market is driven due to increased usage of proper software, and implementations of different solutions for the processes such as, e-prescribing systems and electronic medical records. Other factors including high influence form big data analytics, and rising investment from the government for the development of software in the field of healthcare to provide good service also drive the market. Government implementations including Medicare, Medicaid, and e-Health also drive the market for services market
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