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Healthcare Rcm Outsourcing Market in Us 2024-2028

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    Report

  • 136 Pages
  • August 2024
  • Region: United States
  • TechNavio
  • ID: 5576311
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The healthcare rcm outsourcing market in us is forecasted to grow by USD 4.03 billion during 2023-2028, accelerating at a CAGR of 13.64% during the forecast period. The report on the healthcare rcm outsourcing market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by improvement in healthcare administrative processes, rising demand for sophisticated healthcare solutions requiring periodic upgrade, and growing mandate toward healthcare process transparency.

The healthcare rcm outsourcing market in us is segmented as below:

By Service

  • Back-end services
  • Middle services
  • Front-end services

By End-user

  • Hospitals
  • Clinics and others

By Geographical Landscape

  • North America
This study identifies the increasing consolidation in healthcare rcm outsourcing market as one of the prime reasons driving the healthcare rcm outsourcing market in us growth during the next few years. Also, rise in adoption of cloud computing and operational automation for medical processes optimization will lead to sizable demand in the market.

The report on the healthcare rcm outsourcing market in us covers the following areas:

  • Healthcare rcm outsourcing market in us sizing
  • Healthcare rcm outsourcing market in us forecast
  • Healthcare rcm outsourcing market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading healthcare rcm outsourcing market in us vendors that include 3M Co., CareCloud Inc., Change Healthcare Inc., Clearlake Capital Group L.P., DrChrono Inc., EdgeMED Healthcare LLC, Epic Systems Corp., Firstsource Solutions Ltd., Greenway Health LLC, MedData Inc., NextGen Healthcare Inc., Optum Inc., Parallon Business Solutions, Quest Diagnostics Inc., R1 RCM Inc., Tenet Healthcare Corp., The SSI Group LLC, Vee Technologies Pvt. Ltd., Veradigm LLC, and Vizient Inc. Also, the healthcare rcm outsourcing market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Service
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Healthcare RCM Outsourcing Market in US 2018 - 2022
Historic Market Size - Data Table on Healthcare RCM Outsourcing Market in US 2018 - 2022 ($ million)
4.2 Service segment analysis 2018 - 2022
Historic Market Size - Service Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Service
6.1 Market segments
Chart on Service - Market share 2023-2028 (%)
Data Table on Service - Market share 2023-2028 (%)
6.2 Comparison by Service
Chart on Comparison by Service
Data Table on Comparison by Service
6.3 Back-end services - Market size and forecast 2023-2028
Chart on Back-end services - Market size and forecast 2023-2028 ($ million)
Data Table on Back-end services - Market size and forecast 2023-2028 ($ million)
Chart on Back-end services - Year-over-year growth 2023-2028 (%)
Data Table on Back-end services - Year-over-year growth 2023-2028 (%)
6.4 Middle services - Market size and forecast 2023-2028
Chart on Middle services - Market size and forecast 2023-2028 ($ million)
Data Table on Middle services - Market size and forecast 2023-2028 ($ million)
Chart on Middle services - Year-over-year growth 2023-2028 (%)
Data Table on Middle services - Year-over-year growth 2023-2028 (%)
6.5 Front-end services - Market size and forecast 2023-2028
Chart on Front-end services - Market size and forecast 2023-2028 ($ million)
Data Table on Front-end services - Market size and forecast 2023-2028 ($ million)
Chart on Front-end services - Year-over-year growth 2023-2028 (%)
Data Table on Front-end services - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Service
Market opportunity by Service ($ million)
Data Table on Market opportunity by Service ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Hospitals - Market size and forecast 2023-2028
Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
Chart on Hospitals - Year-over-year growth 2023-2028 (%)
Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
7.4 Clinics and others - Market size and forecast 2023-2028
Chart on Clinics and others - Market size and forecast 2023-2028 ($ million)
Data Table on Clinics and others - Market size and forecast 2023-2028 ($ million)
Chart on Clinics and others - Year-over-year growth 2023-2028 (%)
Data Table on Clinics and others - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
3M Co.
3M Co. - Overview
3M Co. - Business segments
3M Co. - Key news
3M Co. - Key offerings
3M Co. - Segment focus
11.4 Change Healthcare Inc.
Change Healthcare Inc. - Overview
Change Healthcare Inc. - Product/Service
Change Healthcare Inc. - Key offerings
11.5 Clearlake Capital Group L.P.
Clearlake Capital Group L.P. - Overview
Clearlake Capital Group L.P. - Product/Service
Clearlake Capital Group L.P. - Key offerings
11.6 Epic Systems Corp.
Epic Systems Corp. - Overview
Epic Systems Corp. - Product/Service
Epic Systems Corp. - Key offerings
11.7 Firstsource Solutions Ltd.
Firstsource Solutions Ltd. - Overview
Firstsource Solutions Ltd. - Business segments
Firstsource Solutions Ltd. - Key news
Firstsource Solutions Ltd. - Key offerings
Firstsource Solutions Ltd. - Segment focus
11.8 MedData Inc.
MedData Inc. - Overview
MedData Inc. - Product/Service
MedData Inc. - Key offerings
11.9 NextGen Healthcare Inc.
NextGen Healthcare Inc. - Overview
NextGen Healthcare Inc. - Product/Service
NextGen Healthcare Inc. - Key news
NextGen Healthcare Inc. - Key offerings
11.10 Optum Inc.
Optum Inc. - Overview
Optum Inc. - Product/Service
Optum Inc. - Key news
Optum Inc. - Key offerings
11.11 Parallon Business Solutions
Parallon Business Solutions - Overview
Parallon Business Solutions - Product/Service
Parallon Business Solutions - Key offerings
11.12 Quest Diagnostics Inc.
Quest Diagnostics Inc. - Overview
Quest Diagnostics Inc. - Business segments
Quest Diagnostics Inc. - Key offerings
Quest Diagnostics Inc. - Segment focus
11.13 Tenet Healthcare Corp.
Tenet Healthcare Corp. - Overview
Tenet Healthcare Corp. - Business segments
Tenet Healthcare Corp. - Key offerings
Tenet Healthcare Corp. - Segment focus
11.14 The SSI Group LLC
The SSI Group LLC - Overview
The SSI Group LLC - Product/Service
The SSI Group LLC - Key offerings
11.15 Vee Technologies Pvt. Ltd.
Vee Technologies Pvt. Ltd. - Overview
Vee Technologies Pvt. Ltd. - Product/Service
Vee Technologies Pvt. Ltd. - Key offerings
11.16 Veradigm LLC
Veradigm LLC - Overview
Veradigm LLC - Business segments
Veradigm LLC - Key news
Veradigm LLC - Key offerings
Veradigm LLC - Segment focus
11.17 Vizient Inc.
Vizient Inc. - Overview
Vizient Inc. - Product/Service
Vizient Inc. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Service
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Healthcare RCM Outsourcing Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Service Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Service - Market share 2023-2028 (%)
Exhibits 28: Data Table on Service - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Service
Exhibits 30: Data Table on Comparison by Service
Exhibits 31: Chart on Back-end services - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Back-end services - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Back-end services - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Back-end services - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Middle services - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Middle services - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Middle services - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Middle services - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Front-end services - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Front-end services - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Front-end services - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Front-end services - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Service ($ million)
Exhibits 44: Data Table on Market opportunity by Service ($ million)
Exhibits 45: Chart on End-user - Market share 2023-2028 (%)
Exhibits 46: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Clinics and others - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Clinics and others - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Clinics and others - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Clinics and others - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by End-user ($ million)
Exhibits 58: Data Table on Market opportunity by End-user ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: 3M Co. - Overview
Exhibits 67: 3M Co. - Business segments
Exhibits 68: 3M Co. - Key news
Exhibits 69: 3M Co. - Key offerings
Exhibits 70: 3M Co. - Segment focus
Exhibits 71: Change Healthcare Inc. - Overview
Exhibits 72: Change Healthcare Inc. - Product/Service
Exhibits 73: Change Healthcare Inc. - Key offerings
Exhibits 74: Clearlake Capital Group L.P. - Overview
Exhibits 75: Clearlake Capital Group L.P. - Product/Service
Exhibits 76: Clearlake Capital Group L.P. - Key offerings
Exhibits 77: Epic Systems Corp. - Overview
Exhibits 78: Epic Systems Corp. - Product/Service
Exhibits 79: Epic Systems Corp. - Key offerings
Exhibits 80: Firstsource Solutions Ltd. - Overview
Exhibits 81: Firstsource Solutions Ltd. - Business segments
Exhibits 82: Firstsource Solutions Ltd. - Key news
Exhibits 83: Firstsource Solutions Ltd. - Key offerings
Exhibits 84: Firstsource Solutions Ltd. - Segment focus
Exhibits 85: MedData Inc. - Overview
Exhibits 86: MedData Inc. - Product/Service
Exhibits 87: MedData Inc. - Key offerings
Exhibits 88: NextGen Healthcare Inc. - Overview
Exhibits 89: NextGen Healthcare Inc. - Product/Service
Exhibits 90: NextGen Healthcare Inc. - Key news
Exhibits 91: NextGen Healthcare Inc. - Key offerings
Exhibits 92: Optum Inc. - Overview
Exhibits 93: Optum Inc. - Product/Service
Exhibits 94: Optum Inc. - Key news
Exhibits 95: Optum Inc. - Key offerings
Exhibits 96: Parallon Business Solutions - Overview
Exhibits 97: Parallon Business Solutions - Product/Service
Exhibits 98: Parallon Business Solutions - Key offerings
Exhibits 99: Quest Diagnostics Inc. - Overview
Exhibits 100: Quest Diagnostics Inc. - Business segments
Exhibits 101: Quest Diagnostics Inc. - Key offerings
Exhibits 102: Quest Diagnostics Inc. - Segment focus
Exhibits 103: Tenet Healthcare Corp. - Overview
Exhibits 104: Tenet Healthcare Corp. - Business segments
Exhibits 105: Tenet Healthcare Corp. - Key offerings
Exhibits 106: Tenet Healthcare Corp. - Segment focus
Exhibits 107: The SSI Group LLC - Overview
Exhibits 108: The SSI Group LLC - Product/Service
Exhibits 109: The SSI Group LLC - Key offerings
Exhibits 110: Vee Technologies Pvt. Ltd. - Overview
Exhibits 111: Vee Technologies Pvt. Ltd. - Product/Service
Exhibits 112: Vee Technologies Pvt. Ltd. - Key offerings
Exhibits 113: Veradigm LLC - Overview
Exhibits 114: Veradigm LLC - Business segments
Exhibits 115: Veradigm LLC - Key news
Exhibits 116: Veradigm LLC - Key offerings
Exhibits 117: Veradigm LLC - Segment focus
Exhibits 118: Vizient Inc. - Overview
Exhibits 119: Vizient Inc. - Product/Service
Exhibits 120: Vizient Inc. - Key offerings
Exhibits 121: Inclusions checklist
Exhibits 122: Exclusions checklist
Exhibits 123: Currency conversion rates for US$
Exhibits 124: Research methodology
Exhibits 125: Information sources
Exhibits 126: Data validation
Exhibits 127: Validation techniques employed for market sizing
Exhibits 128: Data synthesis
Exhibits 129: 360 degree market analysis
Exhibits 130: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global healthcare rcm outsourcing market in us: 3M Co., CareCloud Inc., Change Healthcare Inc., Clearlake Capital Group L.P., DrChrono Inc., EdgeMED Healthcare LLC, Epic Systems Corp., Firstsource Solutions Ltd., Greenway Health LLC, MedData Inc., NextGen Healthcare Inc., Optum Inc., Parallon Business Solutions, Quest Diagnostics Inc., R1 RCM Inc., Tenet Healthcare Corp., The SSI Group LLC, Vee Technologies Pvt. Ltd., Veradigm LLC, and Vizient Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing consolidation in healthcare rcm outsourcing market."

According to the report, one of the major drivers for this market is the improvement in healthcare administrative processes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M Co.
  • CareCloud Inc.
  • Change Healthcare Inc.
  • Clearlake Capital Group L.P.
  • DrChrono Inc.
  • EdgeMED Healthcare LLC
  • Epic Systems Corp.
  • Firstsource Solutions Ltd.
  • Greenway Health LLC
  • MedData Inc.
  • NextGen Healthcare Inc.
  • Optum Inc.
  • Parallon Business Solutions
  • Quest Diagnostics Inc.
  • R1 RCM Inc.
  • Tenet Healthcare Corp.
  • The SSI Group LLC
  • Vee Technologies Pvt. Ltd.
  • Veradigm LLC
  • Vizient Inc.