Global healthcare RCM market projected to surpass $100B by 2024

A new research study projects the global healthcare revenue cycle management market will exceed $100 billion by 2024.

The study, published by Market Size Forecasters, notes several expected drivers of the market, including the shift to value-based care, the demand to reduce billing errors and implementation of big data analytics.

"A steady stream of government compliance requirements such as ICD-10 transition and HIPAA v5010; and increased fraudulence screening are generating demand for more robust solutions," the report states.

Other expected market drivers are a growing desire for accountable care participation and reimbursement and payment reforms, among others, according to the report.

 

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