South Africa Revenue Cycle Management Market Size & Outlook
South Africa revenue cycle management market, 2018-2030 (US$M)
Related Markets
South Africa revenue cycle management market highlights
- The South Africa revenue cycle management market generated a revenue of USD 3.3 million in 2023 and is expected to reach USD 7.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.3% 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.
Revenue cycle management market data book summary
| Market revenue in 2023 | USD 3.3 million |
| Market revenue in 2030 | USD 7.5 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Integrated |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.1% of the global revenue cycle management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa revenue cycle management market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.5 million by 2030.
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Revenue Cycle Management Market Scope
Revenue Cycle Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 69.7% in 2023. Horizon Databook has segmented the South Africa revenue cycle management market based on integrated, standalone covering the revenue growth of each sub-segment from 2018 to 2030.
Digitalization of healthcare in South Africa has the potential to overcome various healthcare challenges. Digitalization can enable South African hospitals and clinics to adopt a patient-centric design. In South Africa, the majority of hospitals in South Africa have a paper-based record-keeping system.
This is primarily due to the lack of computer literacy and economic challenges. Even though South Africa has implemented several national-level digital health initiatives, there exists a huge gap between the quality of patient care and medical infrastructure across various provinces.
Nonetheless, the South African government strategically plans to implement EHRs in the public health sector. In 2012, Discovery announced the unveiling of a first-of-its-kind EHR application—HealthID—in South Africa.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the South Africa revenue cycle management market , including forecasts for subscribers. This country databook contains high-level insights into South Africa revenue cycle management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa revenue cycle management market size, by type, 2018-2030 (US$M)
South Africa Revenue Cycle Management Market Outlook Share, 2023 & 2030 (US$M)
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