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Healthcare RCM Outsourcing Market in the US to Record a CAGR of 7.75%, improvement in Healthcare Administrative Processes to Boost Market Growth - Technavio

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- The "Healthcare RCM Outsourcing Market in the US by Service (Back-end services, Middle services, and Front-end services) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the healthcare RCM outsourcing market size in the US between 2021 and 2026 is USD 1.67 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Technavio provides a comprehensive report summary describing the market size and forecast of the healthcare RCM outsourcing market in the US, along with research methodology. The FREE sample report is available in PDF format

Market Segmentation

The back-end services segment will be the largest contributor to the market growth during the forecast period. This segment includes post-intervention activities with patients. The growth of this segment is attributed to mission-critical processes such as accounts receivable, billing, and compliance requirement services. The most wanted services in this segment include denials management and account receivable management. Compliance requirement is important owing to the dynamic rate of healthcare industry transformation. Thus, the increasing demand for back-end services will drive the healthcare revenue cycle management (RCM) outsourcing market growth in the US during the forecast period.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the healthcare RCM outsourcing market in the US report

Key Market Dynamics

  • Market Driver: The improvement in healthcare administrative processes is driving the growth of the market. The increasing costs and administrative expenses in the evolving regulatory environment have fueled the use of RCM outsourced services. RCM solutions provide operational and cost reduction advantages. They contribute to compliance, revenue growth, and overall improvement in organizational transparency. Thus, all these factors help in expanding the end-user base and will drive the consumption of the US healthcare revenue cycle management (RCM) outsourcing market, which will drive the market growth during the forecast period.
  • Market Challenge: Offshore outsourcing intensifying competition is challenging the growth of the market. Emerging countries such as India and China have a large IT services sector and low labor costs. Globalization has led to an increase in acceptance and proliferation of offshore outsourcing elements across various sectors in the US. Hence, offshore outsourced RCM vendors offer cost-efficiency in emerging economies. This can lead to industry-wide price wars. These factors may challenge the healthcare revenue cycle management outsourcing market growth in the US during the forecast period.

Technavio has identified key trends, drivers, and challenges in the healthcare RCM outsourcing market in the US, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Some Companies Mentioned

  • 3M Corp.
  • Allscripts Healthcare Solutions Inc.
  • CareCloud Inc.
  • Change Healthcare Inc.
  • Clearlake Capital Group L.P.
  • Conifer Health Solutions LLC
  • DrChrono Inc.
  • EdgeMED Healthcare LLC
  • Epic Systems Corp.
  • Firstsource Solutions Ltd.
  • Greenway Health LLC
  • MedData Inc.
  • NextGen Healthcare Inc.
  • Optum360 Inc.
  • Parallon Business Solutions
  • Quest Diagnostics Inc.
  • R1 RCM Inc.
  • The SSI Group LLC
  • Vee Technologies
  • Vizient Inc.

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Healthcare RCM Outsourcing Market in the US Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.75%

Market growth 2022-2026

USD 1.67 billion

Market structure

Fragmented

YoY growth (%)

6.67

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Corp., Allscripts Healthcare Solutions Inc., CareCloud Inc., Change Healthcare Inc., Clearlake Capital Group L.P., Conifer Health Solutions LLC, DrChrono Inc., EdgeMED Healthcare LLC, Epic Systems Corp., Firstsource Solutions Ltd., Greenway Health LLC, MedData Inc., NextGen Healthcare Inc., Optum360 Inc., Parallon Business Solutions, Quest Diagnostics Inc., R1 RCM Inc., The SSI Group LLC, Vee Technologies, and Vizient Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 05: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 06: Parent market
    • Exhibit 07: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 08: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 09: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 10: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 11: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 12: Chart on US: Year-over-year growth 2021-2026 (%)
    • Exhibit 13: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 14: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 15: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 16: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 17: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 18: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 19: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 20: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service

  • 5.1 Market segments 
    • Exhibit 21: Chart on Service - Market share 2021-2026 (%)
    • Exhibit 22: Data Table on Service - Market share 2021-2026 (%)
  • 5.2 Comparison by Service 
    • Exhibit 23: Chart on Comparison by Service
    • Exhibit 24: Data Table on Comparison by Service
  • 5.3 Back-end services - Market size and forecast 2021-2026
    • Exhibit 25: Chart on Back-end services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 26: Data Table on Back-end services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 27: Chart on Back-end services - Year-over-year growth 2021-2026 (%)
    • Exhibit 28: Data Table on Back-end services - Year-over-year growth 2021-2026 (%)
  • 5.4 Middle services - Market size and forecast 2021-2026
    • Exhibit 29: Chart on Middle services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Middle services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Middle services - Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Middle services - Year-over-year growth 2021-2026 (%)
  • 5.5 Front-end services - Market size and forecast 2021-2026
    • Exhibit 33: Chart on Front-end services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Front-end services - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Front-end services - Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Front-end services - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Service 
    • Exhibit 37: Market opportunity by Service ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 38: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Drivers, Challenges, and Trends

  • 7.3 Impact of drivers and challenges 
    • Exhibit 39: Impact of drivers and challenges in 2021 and 2026

8 Vendor Landscape

  • 8.2 Vendor landscape 
    • Exhibit 40: Overview on Criticality of inputs and Factors of differentiation
  • 8.3 Landscape disruption 
    • Exhibit 41: Overview on factors of disruption
  • 8.4 Industry risks 
    • Exhibit 42: Impact of key risks on business

9 Vendor Analysis

  • 9.1 Vendors covered 
    • Exhibit 43: Vendors covered
  • 9.2 Market positioning of vendors 
    • Exhibit 44: Matrix on vendor position and classification
  • 9.3 3M Corp. 
    • Exhibit 45: 3M Corp. - Overview
    • Exhibit 46: 3M Corp. - Business segments
    • Exhibit 47: 3M Corp. - Key news
    • Exhibit 48: 3M Corp. - Key offerings
    • Exhibit 49: 3M Corp. - Segment focus
  • 9.4 Allscripts Healthcare Solutions Inc. 
    • Exhibit 50: Allscripts Healthcare Solutions Inc. - Overview
    • Exhibit 51: Allscripts Healthcare Solutions Inc. - Business segments
    • Exhibit 52: Allscripts Healthcare Solutions Inc. - Key offerings
    • Exhibit 53: Allscripts Healthcare Solutions Inc. - Segment focus
  • 9.5 Change Healthcare Inc. 
    • Exhibit 54: Change Healthcare Inc. - Overview
    • Exhibit 55: Change Healthcare Inc. - Business segments
    • Exhibit 56: Change Healthcare Inc. - Key news
    • Exhibit 57: Change Healthcare Inc. - Key offerings
    • Exhibit 58: Change Healthcare Inc. - Segment focus
  • 9.6 Clearlake Capital Group L.P. 
    • Exhibit 59: Clearlake Capital Group L.P. - Overview
    • Exhibit 60: Clearlake Capital Group L.P. - Product / Service
    • Exhibit 61: Clearlake Capital Group L.P. - Key offerings
  • 9.7 Conifer Health Solutions LLC 
    • Exhibit 62: Conifer Health Solutions LLC - Overview
    • Exhibit 63: Conifer Health Solutions LLC - Product / Service
    • Exhibit 64: Conifer Health Solutions LLC - Key offerings
  • 9.8 Firstsource Solutions Ltd. 
    • Exhibit 65: Firstsource Solutions Ltd. - Overview
    • Exhibit 66: Firstsource Solutions Ltd. - Business segments
    • Exhibit 67: Firstsource Solutions Ltd. - Key offerings
    • Exhibit 68: Firstsource Solutions Ltd. - Segment focus
  • 9.9 MedData Inc. 
    • Exhibit 69: MedData Inc. - Overview
    • Exhibit 70: MedData Inc. - Product / Service
    • Exhibit 71: MedData Inc. - Key offerings
  • 9.10 Optum360 Inc. 
    • Exhibit 72: Optum360 Inc. - Overview
    • Exhibit 73: Optum360 Inc. - Product / Service
    • Exhibit 74: Optum360 Inc. - Key offerings
  • 9.11 Parallon Business Solutions 
    • Exhibit 75: Parallon Business Solutions - Overview
    • Exhibit 76: Parallon Business Solutions - Product / Service
    • Exhibit 77: Parallon Business Solutions - Key offerings
  • 9.12 The SSI Group LLC 
    • Exhibit 78: The SSI Group LLC - Overview
    • Exhibit 79: The SSI Group LLC - Product / Service
    • Exhibit 80: The SSI Group LLC - Key offerings

10 Appendix

  • 10.2 Inclusions and exclusions checklist 
    • Exhibit 81: Inclusions checklist
    • Exhibit 82: Exclusions checklist
  • 10.3 Currency conversion rates for US$ 
    • Exhibit 83: Currency conversion rates for US$
  • 10.4 Research methodology 
    • Exhibit 84: Research methodology
    • Exhibit 85: Validation techniques employed for market sizing
    • Exhibit 86: Information sources
  • 10.5 List of abbreviations 
    • Exhibit 87: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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