Revenue Cycle Management (RCM) Market Report Scope & Overview:

The Revenue Cycle Management (RCM) Market size was valued at USD 305.56 billion in 2023 and is expected to grow to USD 735.20 billion by 2031 and grow at a CAGR of 11.6% over the forecast period of 2024-2031.

The demand for advanced revenue cycle management solutions is driven by a rapidly developing era of digitalisation in the healthcare sector. The existence of a practice is dependent upon the acquisition of appropriate assets. The value of obtaining an efficient RCM solution increase as the precise payment of medical services becomes more complex. Market growth is expected to be stimulated by increasing demand for streamlining processes within healthcare organizations and innovative synchronized management software systems. Also, Patient registration, insurance eligibility, and verification, medical coding, claim to process, and payment and AR management are all procedures that fall under revenue cycle management. Growth is driven by increasing support from public authorities and federal agencies in the form of favourable regulatory reform.

Revenue Cycle Management (RCM) Market Revenue Analysis

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Market Dynamics

Key Drivers:  

  • Increasing use of cloud deployment for RCM

 In view of increased flexibility and greater cost efficiency to end users, the delivery mode in which RCMs are cloud deployed is becoming more efficient. Easy and secure sharing of medical data has been made possible by cloud deployment solutions. In addition, healthcare institutions are helping to manage electronic medical records, big data analysis, patient portals, and mobile devices through cloud deployment solutions.

  • Increasing adoption of RCM in the healthcare industry

 Due to a number of advantages, such as easy availability of trained and skilled staff, compliance with the requirements of the legislation, improved efficiency and cost effectiveness, healthcare facilities are using revenue cycle management software solutions. RCM solutions and services are readily used by the available healthcare facilities due to the numerous benefits.


  • Deployment costs include licensing and subscription costs

Licensing and implementation costs are significantly high. In addition, there has been a significant increase in the cost of continuing to maintain revenue cycle management software. In addition, recurrent expenditure is the provision of IT support and maintenance services that include software modifications and upgrading according to changing user requirements as well as maintaining an efficient information technology infrastructure. It accounts for a significant proportion of the total costs associated with ownership.

  • High Unwanted Cost Associated


  • Increasing demand for cloud computing and AI deployment

 By combining data with artificial intelligence, machine learning algorithms and predictive analytics can be applied to shorten drug discovery times, provide virtual patient assistance or reduce diagnostic time through the processing of medical images, thereby improving outcomes and reducing costs. With its ability to optimize clinical as well as nonclinical processes, the adoption of artificial intelligence in health care is increasing.

  • Increasing Strategic Initiatives Associated with Revenue Cycle Management (RCM)


  • data security and confidentiality Issues

Impact of Economic Slowdown:

The ongoing economic downturn appears to be affecting the RCM market in a multifaceted way, with certain segments benefiting from growth and others facing difficulties. In line with the growing adoption of digitisation solutions and a greater focus on effective revenue management in healthcare organizations, the RCM market is expected to grow. Strategic partnerships aimed at improving the operation of the revenue cycle and patient outcomes are key developments.

The market is still dominated by the demand for integrated RCM solutions, which provide a simplified approach to managing various financial activities within healthcare organisations. For their ability to reduce errors, improve administrative efficiency and increase overall productivity, these solutions are being sought. In particular, because of its cost efficiency, flexibility, and ability to allow secure data sharing and backend simplification, the cloud segment is projected to be quickly growing.

A number of factors, including favourable government regulations, an increase in healthcare expenditure, and an increasing trend towards outsourcing RCM solutions, have a positive impact on the RCM market, despite the economic challenges. Even in the face of economic uncertainty, these factors contribute to a robust growth rate on the RCM market.

Impact of Russia Ukraine War:

Various global markets, including the revenue cycle management sector, have been affected by the Russia Ukraine crisis. The global RCM market showed resilience and growth despite the challenges arising from the crisis, such as sanctions, sharp increases in commodity prices or supply chain interruptions.

The resilience of the RCM market is driven by rising global healthcare costs, which have led to adoption of advanced solutions such as RCM for effective administration and management of medical services. The market's growth and evolution is also due to technological developments in this sector, such as the introduction of artificial intelligence and automated processes related to revenue cycle management. Various products and services, including integrated and standalone RCM solutions, software and services for claims and denial management, medical coding and billing, and electronic health records management, are included in the RCM market. It is intended for a wide range of end users, including hospitals, doctors' offices and laboratories.

Market Segmentation:

By Product

  • Software

  • Services

In view of the growing trend for outsourcing these services to health care facilities, the services category was dominant in the RCM market and held a 66.8% share by 2023. Outsourcing of services is increasing as more healthcare organizations increasingly require resources and skills for the implementation of RCM solutions.


By Type

  • Integrated

  • Standalone

Due to the growing preference for volume-based payments over value-based payments, the integrated segment accounted for 70.2% of the market in 2023. Integrated solutions, through a single platform resulting in standardised data collection and analysis processes, offer a simplified and synchronized format for different financial activities. A number of benefits, e.g. an increase in collections as well as the planning of alternate payment and reimbursement methods, can be obtained by implementing a revenue cycle management system.


By Delivery Mode

  • Web-based

  • Cloud-based

  • On-premise

In view of growing adoption of Web-based solutions, the online delivery mode segment dominated the market and accounted for a 53.2% share by 2023. Web based solutions do not require additional hardware or storage and can be installed off the premises and managed by a third-party service provider, which is helping to increase adoption of web-based solutions over on-premise solutions delivered. Affordability and rapid deployment are the benefits associated with the delivery of web-based solutions.


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By Specialty

  • Oncology

  • Cardiology

  • Anesthesia

  • Radiology

  • Pathology

  • Pain Management

  • Emergency Service

  • Others

By Sourcing

  • In-house

  • External RCM Apps/ Software

  • Outsourced RCM Services

By Function

  • Product Development

  • Member Engagement

  • Network Management

  • Care Management

  • Claims Management

  • Risk & Compliances

By End-Use

  • Physician Back Offices

  • Hospitals

  • Diagnostic Laboratories

  • Other


In 2023, North America had a market share of 55.8%. In addition, lucrative growth opportunities for the region's market are emerging from the presence of major hospitals and excellent healthcare facilities, as well as an increasing need to reduce medical costs due to a favourable regulatory environment.

In Asia Pacific, the market is expected to grow at a faster pace over the coming years due to increased favourable government initiatives and support, an increase in demand for better health care quality, e.g. Digital literacy, greater adoption of healthcare IT solutions, improved medical infrastructure, higher spending on Health Information Technology as well as increases in patients' unmet needs arising from emerging economies. Moreover, the Asia Pacific market is characterised by a low level of manufacturing. creased focus on reducing health care costs through favourable legislation.



North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America


The major key players are Cerner Corporation, eclinicalworks, Epic Systems Corporation, gebbshealthcare Solutions, GE Healthcare, Experian PLC, Mckesson Corporation, Quest Diagnostics Incorporated, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc.& Other Players

Cerner Corporation - Company Financial Analysis

Company Landscape Analysis

Recent Developments:

  • Optum and Owensboro Health entered into an agreement in 2023 to manage the revenue cycle and information technology, improving patient outcomes and safety.

  • In 2022, the R1 RCM announced 10-year end-to-end RCM partnerships with Scion Health, Sutter Health, and St. Clair Health to streamline workflow standardization and improve patient access platforms.

  • In 2022, McKesson signed a definitive agreement to acquire Rx Savings Solutions to offer medication therapy more affordable and increase medication adherence to improve outcomes.

Revenue Cycle Management (RCM) Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 305.56 Billion
Market Size by 2031  US$ 735.20 Billion
CAGR   CAGR of 11.6% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Software, Services)
• By Type (Integrated, Standalone)
• By Delivery Mode (Web-based, Cloud-based, On-premise)
• By Specialty (Oncology, Cardiology, Anesthesia, Radiology, Pathology, Pain Management, Emergency Service, Others)
• By Sourcing (In-house, External RCM Apps/ Software, Outsourced RCM Services)
• By Function (Product Development, Member Engagement, Network Management, Care Management, Claims Management, Risk & Compliances)
• By End-use (Physician Back Offices, Hospitals, Diagnostic Laboratories, Other)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Cerner Corporation, eclinicalworks, Epic Systems Corporation, gebbshealthcare Solutions, GE Healthcare, Experian PLC, Mckesson Corporation, Quest Diagnostics Incorporated, Athenahealth, Inc., Allscripts Healthcare Solutions, Inc
Key Drivers • Government measures are driving up demand.
• Cost-effective product development through technological advances
Market Opportunities • Demand for RCM solutions on the cloud.
• growing concentration among organizations that provide end-to-end services.

Frequently Asked Questions

Ans: The Revenue Cycle Management (RCM) Market was valued at USD 305.56 billion in 2023.

Ans:- Demand for RCM solutions on the cloud and growing concentration among organizations that provide end-to-end services.


Ans:- Revenue cycle management is divided into four categories: type, component, deployment mechanism, and end-user. 

Ans:-  North America dominated the revenue cycle management market in 2022.

Ans:- The primary growth tactics of Revenue Cycle Management (RCM)  market participants include merger and acquisition, business expansion, and product launch.


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Revenue Cycle Management (RCM) Market Segmentation, By Product

9.1 Introduction

9.2 Trend Analysis

9.3 Software

9.4 Services

10. Revenue Cycle Management (RCM) Market Segmentation, By Type

10.1 Introduction

10.2 Trend Analysis

10.3 Integrated

10.4 Standalone

11. Revenue Cycle Management (RCM) Market Segmentation, By Delivery Mode

11.1 Introduction

11.2 Trend Analysis

11.3 Web-based

11.4 Cloud-based

11.5 On-premise

12. Revenue Cycle Management (RCM) Market Segmentation, By Specialty

12.1 Introduction

12.2 Trend Analysis

12.3 Oncology

12.4 Cardiology

12.5 Anesthesia

12.6 Radiology

12.7 Pathology

12.8 Pain Management

12.9 Emergency Service

12.10 Others

13. Revenue Cycle Management (RCM) Market Segmentation, By Sourcing

13.1 Introduction

13.2 Trend Analysis

13.3 In-house

13.4 External RCM Apps/ Software

13.5 Outsourced RCM Services 

14. Revenue Cycle Management (RCM) Market Segmentation, By Function

14.1 Introduction

14.2 Trend Analysis

14.3 Product Development

14.4 Member Engagement

14.5 Network Management

14.6 Care Management

14.7 Claims Management

14.8 Risk & Compliances 

15. Revenue Cycle Management (RCM) Market Segmentation, By End-use

15.1 Introduction

15.2 Trend Analysis

15.3 Physician Back Offices

15.4 Hospitals

15.5 Diagnostic Laboratories

15.6 Other

16. Regional Analysis

16.1 Introduction

16.2 North America

16.2.1 USA

16.2.2 Canada

16.2.3 Mexico

16.3 Europe

16.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe

16.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe

16.4 Asia-Pacific

16.4.1 China

16.4.2 India

16.4.3 Japan

16.4.4 South Korea

16.4.5 Vietnam

16.4.6 Singapore

16.4.7 Australia

16.4.8 Rest of Asia Pacific

16.5 The Middle East & Africa

16.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East

16.5.2 Africa Nigeria South Africa Rest of Africa

16.6 Latin America

16.6.1 Brazil

16.6.2 Argentina

16.6.3 Colombia

16.6.4 Rest of Latin America

17. Company Profiles

17.1 Cerner Corporation

17.1.1 Company Overview

17.1.2 Financial

17.1.3 Products/ Services Offered

17.1.4 SWOT Analysis

17.1.5 The SNS View

17.2 Eclinicalworks

17.2.1 Company Overview

17.2.2 Financial

17.2.3 Products/ Services Offered

17.2.4 SWOT Analysis

17.2.5 The SNS View

17.3 Epic Systems Corporation

17.3.1 Company Overview

17.3.2 Financial

17.3.3 Products/ Services Offered

17.3.4 SWOT Analysis

17.3.5 The SNS View

17.4 Gebbshealthcare Solutions

17.4.1 Company Overview

17.4.2 Financial

17.4.3 Products/ Services Offered

17.4.4 SWOT Analysis

17.4.5 The SNS View

17.5 GE Healthcare

17.5.1 Company Overview

17.5.2 Financial

17.5.3 Products/ Services Offered

16.5.4 SWOT Analysis

17.5.5 The SNS View

17.6 Experian PLC

17.6.1 Company Overview

17.6.2 Financial

17.6.3 Products/ Services Offered

17.6.4 SWOT Analysis

17.6.5 The SNS View

17.7 Mckesson Corporation

17.7.1 Company Overview

17.7.2 Financial

17.7.3 Products/ Services Offered

17.7.4 SWOT Analysis

17.7.5 The SNS View

17.8 Quest Diagnostics Incorporated

17.8.1 Company Overview

17.8.2 Financial

17.8.3 Products/ Services Offered

17.8.4 SWOT Analysis

17.8.5 The SNS View

17.9 Athenahealth, Inc.

17.9.1 Company Overview

17.9.2 Financial

17.9.3 Products/ Services Offered

17.9.4 SWOT Analysis

17.9.5 The SNS View

17.10 Allscripts Healthcare Solutions, Inc.

17.10.1 Company Overview

17.10.2 Financial

17.10.3 Products/ Services Offered

17.10.4 SWOT Analysis

17.10.5 The SNS View

18. Competitive Landscape

18.1 Competitive Benchmarking

18.2 Market Share Analysis

18.3 Recent Developments

18.3.1 Industry News

18.3.2 Company News

18.3.3 Mergers & Acquisitions

19. Use Case and Best Practices

20. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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