The Europe Revenue Cycle Management Market would witness market growth of 12.3% CAGR during the forecast period (2022-2028).
Revenue cycle management in healthcare aids in the reduction of claim submission errors. Healthcare data specialists can utilize healthcare management software to automatically detect and report issues. It also allows patient payments by sending billing notifications through email or text messages. Using electronic data interchange techniques, this message directly connects to payment gateways. Financial management solutions can sustain patient engagement, including scheduling, intake forms, billing, and insurance eligibility, when integrated into patient health record systems.
These measures result in a streamlined procedure that enhances patient happiness and accelerates revenue recognition. Programs for healthcare revenue cycle management aid providers in their move to value-based reimbursement. By analyzing data provided by linked record-keeping and billing systems, the provider can diagnose patient population patterns and identify areas of need.
The contemporary corporate environment has witnessed a growth in the acceptance of RCM in both established and developing regions due to technological advances in product offerings and an expansion of end-user application areas. In addition, the increase in healthcare expenditures in developing nations, the expansion of the market for outsourced RCM solutions, and technical improvements for workflow efficiency drive the need for advanced healthcare systems, hence offering lucrative growth prospects.
In this region, chronic conditions represent a major contributor to morbidity and mortality. According to research, the burden of comorbidity and complicated diseases like diabetes and depression will increase over time. The pharmaceutical industry has been driven to create stronger medications due to the rising knowledge of the disease's harmful effects. According to studies, middle-aged adults and those from lower socioeconomic positions are more prone to have chronic diseases. Therefore, the need for healthcare has increased due to the prevalence of disease, creating profitable chances for the expansion of the revenue cycle management market in Europe.
The Germany market dominated the Europe Revenue Cycle Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13,422.4 Million by 2028. The UK market is anticipated to grow at a CAGR of 11.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.2% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals, Physicians, Diagnostic Laboratories and Others. Based on Deployment, the market is segmented into Web-based, Cloud and On-premise. Based on Component, the market is segmented into Software and Services. Based on Type, the market is segmented into Integrated and Standalone. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Revenue Cycle Management Market is Projected to reach USD 227.8 Billion by 2028, at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Quest Diagnostics Incorporated, Athenahealth, Inc. (Veritas Capital), GE HealthCare Technologies, Inc., Experian PLC, R1 RCM, Inc., Epic Systems Corporation, eClinicalWorks LLC, McKesson Corporation, Oracle Corporation (Cerner Corporation), and AllScripts Healthcare Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Hospitals
- Physicians
- Diagnostic Laboratories
- Others
By Deployment
By Component
By Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Quest Diagnostics Incorporated
- Athenahealth, Inc. (Veritas Capital)
- GE HealthCare Technologies, Inc.
- Experian PLC
- R1 RCM, Inc.
- Epic Systems Corporation
- eClinicalWorks LLC
- McKesson Corporation
- Oracle Corporation (Cerner Corporation)
- AllScripts Healthcare Solutions, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Revenue Cycle Management Market, by End-use
1.4.2 Europe Revenue Cycle Management Market, by Deployment
1.4.3 Europe Revenue Cycle Management Market, by Component
1.4.4 Europe Revenue Cycle Management Market, by Type
1.4.5 Europe Revenue Cycle Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Revenue Cycle Management Market
Chapter 4. Europe Revenue Cycle Management Market by End-use
4.1 Europe Hospitals Market by Country
4.2 Europe Physicians Market by Country
4.3 Europe Diagnostic Laboratories Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Revenue Cycle Management Market by Deployment
5.1 Europe Web-based Market by Country
5.2 Europe Cloud Market by Country
5.3 Europe On-premise Market by Country
Chapter 6. Europe Revenue Cycle Management Market by Component
6.1 Europe Software Market by Country
6.2 Europe Services Market by Country
Chapter 7. Europe Revenue Cycle Management Market by Type
7.1 Europe Integrated Market by Country
7.2 Europe Standalone Market by Country
Chapter 8. Europe Revenue Cycle Management Market by Country
8.1 Germany Revenue Cycle Management Market
8.1.1 Germany Revenue Cycle Management Market by End-use
8.1.2 Germany Revenue Cycle Management Market by Deployment
8.1.3 Germany Revenue Cycle Management Market by Component
8.1.4 Germany Revenue Cycle Management Market by Type
8.2 UK Revenue Cycle Management Market
8.2.1 UK Revenue Cycle Management Market by End-use
8.2.2 UK Revenue Cycle Management Market by Deployment
8.2.3 UK Revenue Cycle Management Market by Component
8.2.4 UK Revenue Cycle Management Market by Type
8.3 France Revenue Cycle Management Market
8.3.1 France Revenue Cycle Management Market by End-use
8.3.2 France Revenue Cycle Management Market by Deployment
8.3.3 France Revenue Cycle Management Market by Component
8.3.4 France Revenue Cycle Management Market by Type
8.4 Russia Revenue Cycle Management Market
8.4.1 Russia Revenue Cycle Management Market by End-use
8.4.2 Russia Revenue Cycle Management Market by Deployment
8.4.3 Russia Revenue Cycle Management Market by Component
8.4.4 Russia Revenue Cycle Management Market by Type
8.5 Spain Revenue Cycle Management Market
8.5.1 Spain Revenue Cycle Management Market by End-use
8.5.2 Spain Revenue Cycle Management Market by Deployment
8.5.3 Spain Revenue Cycle Management Market by Component
8.5.4 Spain Revenue Cycle Management Market by Type
8.6 Italy Revenue Cycle Management Market
8.6.1 Italy Revenue Cycle Management Market by End-use
8.6.2 Italy Revenue Cycle Management Market by Deployment
8.6.3 Italy Revenue Cycle Management Market by Component
8.6.4 Italy Revenue Cycle Management Market by Type
8.7 Rest of Europe Revenue Cycle Management Market
8.7.1 Rest of Europe Revenue Cycle Management Market by End-use
8.7.2 Rest of Europe Revenue Cycle Management Market by Deployment
8.7.3 Rest of Europe Revenue Cycle Management Market by Component
8.7.4 Rest of Europe Revenue Cycle Management Market by Type
Chapter 9. Company Profiles
9.1 Oracle Corporation (Cerner Corporation)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 GE HealthCare Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.3 Athenahealth, Inc. (Veritas Capital)
9.3.1 Company overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 Quest Diagnostics Incorporated
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.5 Experian PLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.4.2 Acquisition and Mergers:
9.6 R1 RCM, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Recent strategies and developments:
9.6.3.1 Partnerships, Collaborations, and Agreements:
9.6.3.2 Acquisition and Mergers:
9.7 Epic Systems Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 AllScripts Healthcare Solutions, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.9 eClinicalWorks LLC
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. McKesson Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Research & Development Expense
TABLE 1 Europe Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 2 Europe Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 3 Europe Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 4 Europe Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 5 Europe Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Physicians Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Physicians Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Diagnostic Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Diagnostic Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 14 Europe Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 15 Europe Web-based Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Web-based Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 22 Europe Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 23 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 28 Europe Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 29 Europe Integrated Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Integrated Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Standalone Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Standalone Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Revenue Cycle Management Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Revenue Cycle Management Market by Country, 2022 - 2028, USD Million
TABLE 35 Germany Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 36 Germany Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 37 Germany Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 38 Germany Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 39 Germany Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 40 Germany Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 41 Germany Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 42 Germany Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 43 Germany Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 44 Germany Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 45 UK Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 46 UK Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 47 UK Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 48 UK Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 49 UK Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 50 UK Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 51 UK Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 52 UK Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 53 UK Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 54 UK Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 55 France Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 56 France Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 57 France Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 58 France Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 59 France Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 60 France Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 61 France Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 62 France Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 63 France Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 64 France Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 65 Russia Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 66 Russia Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 67 Russia Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 68 Russia Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 69 Russia Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 70 Russia Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 71 Russia Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 72 Russia Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 73 Russia Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 74 Russia Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 75 Spain Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 76 Spain Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 77 Spain Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 78 Spain Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 79 Spain Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 80 Spain Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 81 Spain Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 82 Spain Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 83 Spain Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 84 Spain Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 85 Italy Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 86 Italy Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 87 Italy Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 88 Italy Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 89 Italy Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 90 Italy Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 91 Italy Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 92 Italy Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 93 Italy Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 94 Italy Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 105 Key Information – Oracle Corporation
TABLE 106 Key Information – GE HealthCare Technologies, Inc.
TABLE 107 Key Information – Athenahealth, Inc.
TABLE 108 Key information – Quest Diagnostics Incorporated
TABLE 109 key information – Experian PLC
TABLE 110 key information – R1 RCM, Inc.
TABLE 111 Key Information – Epic Systems Corporation
TABLE 112 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 113 Key Information – eClinicalWorks LLC
TABLE 114 Key Information – McKesson Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT analysis: Oracle Corporation