Pune, India -- (SBWIRE) -- 08/31/2018 -- Implementation of several regulatory framework are helping to grow this market

Introduction of regulatory reforms and reclassification of various products within the healthcare system is likely to make management of these resources complex. This is anticipated to create higher demand for RCM services. For instance, various healthcare providers are currently trying to find a balance between the value-based care model and the traditional model, for this they are taking help of revenue cycle management.  Additionally, decreasing cash reimbursements in the healthcare industry, increasing government initiatives to boost the adoption of RCM solutions etc. are boosting the growth of this market.

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HBMA and Healthcare Compliance Pros Launched Healthcare Business Management Compliance Accreditation for Revenue Cycle Management Companies in April 2018

Healthcare Business Management Association (HBMA) collaborated with Healthcare Compliance Pros (HCP) to develop the Healthcare Business Management Compliance Accreditation for revenue cycle management (RCM) companies, medical practice management organizations and healthcare software vendors. Healthcare Business Management Compliance Accreditation would establish standards to help these companies safeguard patients' protected health information (PHI) by complying with the Health Insurance Portability and Accountability Act (HIPAA) and ensure compliance with Office of Inspector General (OIG) standards.

eClinicalWorks launched Acute Care EHR & Revenue Cycle Management Starting at $599 Per Bed Per Month in February,2018

eClinicalWorks®, a leader in healthcare IT solutions, launched a cloud-based platform for Acute Care EHR and Revenue Cycle Management during HIMSS18, starting at $599 per bed per month, with no capital cost for licensing. eClinicalWorks would help to seamless flow of information between ambulatory and acute care settings. Hamilton Healthcare System, a 42-bed community hospital, expanded its relationship with eClinicalWorks by becoming the first hospital to go live with the Acute Care EHR and Revenue Cycle Management solution in 2018.

Surgical Notes Launcheed SNBilling Revenue Cycle Management Service in January, 2017

Surgical Notes, a nationwide provider of revenue cycle solutions including, transcription, coding, revenue cycle management, document management, and electronic health record applications for the ambulatory surgery center (ASC) and surgical hospital markets, announced to launch a new service named SNBilling, its revenue cycle management service. SNBilling is the newest offering of Surgical Notes' complete end-to-end revenue cycle solution offering.

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North America to influence the Global Revenue cycle management Market

Global Revenue cycle management market was dominated by the North America region over the historic period of 2017. Some factors, which are driving the North American revenue cycle management market owing to presence of several RCM service providers companies, favorable regulatory compliance and support from insurance companies are helping to grow this market in this region.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global revenue cycle management market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of revenue cycle management market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the revenue cycle management market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the revenue cycle management market to understand the present and future trends in this market and formulate their strategies accordingly.