North America Revenue Cycle Management Market Size & Outlook
North America revenue cycle management market, 2018-2030 (US$M)
Related Markets
North America revenue cycle management market highlights
- The North America revenue cycle management market generated a revenue of USD 168.9 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Integrated is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 168.9 million |
| Market revenue in 2030 | USD 337.3 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Integrated |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Standalone |
| Key market players worldwide | The SSI Group, Veradigm Inc, Athenahealth, Experian PLC, R1 RCM Inc, Epic Systems Corporation, McKesson Corp, NXGN, CareCloud Inc, Quest Diagnostics Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 55.1% of the global revenue cycle management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 118.9 million by 2030.
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Revenue Cycle Management Market Scope
Revenue Cycle Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America revenue cycle management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to revenue cycle management market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 71.76% in 2023. Horizon Databook has segmented the North America revenue cycle management market based on integrated, standalone covering the revenue growth of each sub-segment from 2018 to 2030.
The North America RCM market is expected to witness robust growth over the forecast period. Factors such as rising healthcare costs, growing government initiatives for implementation of RCM systems, and increasing adoption of HIT systems are likely to favor market growth in this region.
The focus of the U.S. healthcare system has shifted from fee-for-service care models to delivery of value-based care. Governing bodies have initiated several measures with this objective in mind. For instance, the U.S. Secretary of Health and Human Services (HHS) aims at directing 30% of Medicare payments in alternative payment models by the end of 2016 and 50% by the end of 2018.
This has supported growth of Accountable Care Organizations (ACOs), bundled payments, and other means of improving health outcomes, while reducing costs. This in turn is likely to drive growth of the RCM market in North America.
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Our clientele includes a mix of revenue cycle management market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America revenue cycle management market , including forecasts for subscribers. This continent databook contains high-level insights into North America revenue cycle management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America revenue cycle management market size, by country, 2018-2030 (US$M)
North America Revenue Cycle Management Market Outlook Share, 2023 & 2030 (US$M)
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