The rapid adoption of electronic medical records and electronic health records by companies across the world drives the global revenue cycle management market or RCM market. Fortune Business Insights in its new report, titled “Revenue Cycle Management: Global Market Analysis, Insights and Forecast 2018-2025” predicts the market to grow at a remarkable rate during the forecast period. North America is expected to contribute significantly towards the growth of the revenue cycle management market.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/revenue-cycle-management-market-100275
Some of the major companies that are present in the Global Revenue Cycle Management Market are;
- Microsoft
- IBM
- Dell
- McKesson
- Experian
- Allscripts
- Athenahealth
- Greenway Health
- GeBBS Healthcare Solutions
- ZirMed, now part of Waystar
- Epic Systems Corporation
- General Electric Manufacturing Company Cerner Corporation
The rising adoption of RCM among end users and presence of well-established healthcare infrastructure is expected to drive the RCM market in North America. In addition to this, revenue cycle management solutions offer long-term benefits, which is a key reason behind its high uptake in the region. Furthermore, the increasing presence of physicians and hospitals in North America will fuel the demand for revenue cycle management services in the coming years.
Advent of IT and Analytics in Healthcare Industry Boosts the Market
Cloud-based solutions are in high demand across the world for seamless data sharing,” stated a lead analyst at Fortune Business Insights. “Several companies are increasingly adopting cloud-based platforms to offer advanced revenue cycle management services,” he added. Robust government initiatives, coupled with decrease in healthcare reimbursements, are likely to drive the RCM market in the coming years. The rising use of analytical tools and IT in the healthcare industry is expected to increase the revenue generated by the RCM market between 2018 and 2025.
Lack of Experts and High Deployment Cost of RCM Solutions May Limit Growth
Certain factors may negatively impact the growth of the RCM market. Dearth of well-trained professionals is the primary reason that may hamper the growth of the market in the coming years. In addition to this, high deployment costs associated with the RCM solutions are likely to restrict the growth of the market. Another challenge hindering the RCM market’s growth is denial identification. According to the Healthcare Information and Management Systems Society or HIMSS, around 31% of the healthcare providers are still using manual claims for denial identification.
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The industrial controller market 2020 can likely be worth USD 128.98 Billion by 2025-end, confirms Market Research Future (MRFR).
The industrial controllers market anticipates incredible growth prospects, given the widespread demand across multiple industries like utility, automotive, semiconductors and electronics, because of their controlling ability in automated processes.
Moreover, the intense demand for IoT-based smart solutions along with automation in industries including manufacturing, electronics & semiconductor and utilities, also leads to escalated demand for industrial controls worldwide.More Information@ https://www.marketresearchfuture.com/reports/industrial-controllers-market-8644The soaring demand for bulk production across manufacturing industries boosts the need for industrial controls, considering the evolving needs of the ever-expanding population.
Industrial controllers are used for mass production of products in a short period without compromising the accuracy, thereby bringing down the production cost.
End-users take into account these qualities and make huge demand, which increases the global industrial controllers market share across the globe.Furthermore, automation is gaining fast traction in multiple industrial applications, since they lower the cost and induce high-quality results.
This way, the quality control challenge that usually crops up due to human error is restrained, in conjunction with reliability, faster and efficient work rate of systems.
Google reports that there are expected to be more than 64 billion IoT devices worldwide by 2025.
A lot of IoT (Internet of Things) based solutions have been developed and deployed in various industries. And to a good note, the healthcare industry has also been under this magnificent transformation. IoT (Internet of Things) based healthcare solutions can now solve the problem for patients suffering from heart diseases. It provides healthcare service based on the patients’ physical status without taking their feelings into consideration.
Recently, the IoT has adopted the healthcare system to collect ECG signals for heart disease diagnosis. The noises which are collected from ECG signals make diagnosis imprecise. However, there have been improvements made where the knowledge base has been created which helps process real ECG signals.
