Europe revenue cycle management market is projected to register a healthy CAGR of 12.6% in the forecast period of 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation:
By Product Type (Integrated RCM, Standalone RCM), Deployment (Web-Based, On-Premise, Cloud-Based), Component (Software, Service), Stage(Front Office, Mid Office, Back Office), Function (Claim and Denial Management, Medical Billing and Coding, Electronic Health Record (EHR),Remittance, Patient Insurance Eligibility Check, Clinical Documentation Improvement (CDI), Others (Scheduling & Appointment Referral Management, and Contract Management), End User (Hospitals, General Physicians, Labs), Country (Germany, France, Italy, Spain, U.K., Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe)
Major growing sectors under the market segmentation are as follows:
> In product type, integrated segment is dominating the Europe revenue cycle management market. Integrated RCM segment is rapidly growing in the industry because of high demand in the market for integrated RCM as they provide more precise data than the standalone RCM tools as they have highly complex system.
> In stage, front office segment is dominating the Europe revenue cycle management market. Front office segment is rapidly growing in the industry because patients are totally depending on the front office because it is a first stage for scheduling, registration, financial clearance and patient collection.
> In component, software is dominating the Europe revenue cycle management market. Software segment is rapidly growing in the industry because of high cost of RCM software tools.
> In deployment, cloud based is dominating the Europe revenue cycle management market because cloud based revenue cycle management systems are more in demand as they are the most secure system to feed confidential data such as patient's history.
> In function, claim and denial management segment is dominating the Europe revenue cycle management market. Claim and denial management is the highest growing segment due to growing healthcare Insurance and claim industry in Europe.
> In end user hospitals segment dominating the Europe revenue cycle management market Hospitals segment is rapidly growing in the industry because of high patient pool thus creating need of patient track record for revenue management.
Market Players:
The key market players for Europe revenue cycle management market are listed below:
> Quest Diagnostics Incorporated
> Cerner Corporation
> Allscripts,
> Navigant Consulting, Inc.
> Cognizant
> Change Healthcare
> eClinicalWorks
> Epic Systems Corporation
> Experian Information Solutions, Inc.
> United Healthcare
> Siemens