Revenue Cycle Management Market: Industry Analysis and Forecast 2029

Revenue Cycle Management Market size was valued at US$ 135.4 Bn. in 2021 and the total Revenue Cycle Management revenue is expected to grow at 10.8% from 2022 to 2029, reaching nearly US$ 307.56 Bn.
Revenue Cycle Management Market Overview:

Revenue cycle management, which encompasses all clinical and administrative activities related to generating and collecting patient revenue, has grown in importance in today's competitive environment, as hospitals face stricter regulations and invoicing requirements, underpayments, and longer payment delays. Notwithstanding practitioners continuous interest, revenue cycle management has gained little attention in health care finance research. All clinical and administrative operations connected to the development, management, and collection of patient care revenue are included in hospital revenue cycle management. Although previously focused on back-end tasks such as payments and collections, clinic financial managers have recently shifted their focus to the front end of the revenue cycle, such as patient registration and filing, insurance verification, and prior authorization, as well as core revenue cycle tasks such as medical documentation and coding.

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