Fortune Business Insights in report, titled, “Healthcare Revenue Cycle Management Outsourcing Market: Global Market Analysis, Insights, and Forecasts, 2019 – 2026,” gives detailed insights into the drivers and restraints impacting growth. According to the study, the prevalence of chronic diseases and rising expenditure on treatments are fueling demand in the global revenue cycle management outsourcing market.
Insurance Verification and Claim Checking to Propel Demand in Market
The implementation of these systems helps the medical sector maintain records of patients, facilitating automated medical billing, and virtual healthcare. Patient records include appointment scheduling, claim checking, insurance verification, charge entry and others. Such innovations are likely to bode well for the revenue cycle management outsourcing market.
The increasing prevalence of chronic diseases and the need for medical attention are increasing burden on healthcare centers such as hospitals for managing patient’s records.
With the advent of advanced technology such as artificial intelligence, machine learning, and block chain technology, the global healthcare revenue cycle management outsourcing market is likely to witness remarkable growth.
Major companies of the global healthcare revenue cycle management outsourcing market are
- Pulse Systems Inc.,
- Flatworld Solutions Pvt. Ltd.,
- Meridian Management Group Inc.,
- IBM Corporation,
- Connvertex Technologies Inc.,
- GENERAL ELECTRIC COMPANY,
- drchrono Inc.,
- Xtelligent Healthcare Media LLC.
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