The U.S. revenue cycle management (RCM) industry developed over the past few decades as a result of the evolving U.S. healthcare market. Throughout centuries, healthcare providers were small-town physicians who would treat neighbors and friends for unstructured costs, and they were sometimes only paid if patients fully recovered. From there, regulations became more complex and new innovations were introduced, driving healthcare providers to refine their entire business operations.
Today, healthcare is a technologically advanced market that requires expertise in treating medical problems and managing administrative functions. This is where RCM comes in. In 2018, the RCM industry produced about $34.6 billion in revenue, projected to grow annually into 2023.
This executive brief provides an introductory look at effective RCM companies’ core competencies that combat the obstacles the healthcare sector faces. A more in-depth report, including an outlook on key economic indicators and highlights certain key performance indicators, among other things, while discussing critical M&A activity that supports strategic planning and investment initiatives, is available for purchase.
To review this executive brief for free, or to purchase the more in-depth version of the report, please contact email@example.com.