Revenue Cycle Management Market Surging Due to Technological Advancements and Healthcare Industry Acceptance
The Revenue Cycle Management market size is expected to reach USD 238.4 billion by 2030, from USD 96.8 billion in 2022, growing at a CAGR of 12.1% during the forecast period from 2023 to 2030. . The global revenue cycle management market is growing significantly I'm going through it . , is driven by several pivotal factors. These include declining health care reimbursements, regulatory requirements mandating the use of electronic health record (EHR) and electronic medical record (EMR) systems, government initiatives to encourage adoption of health care revenue cycle management products, loss of revenue due to billing errors, and within health care organizations. Workflow. Technological advancements in healthcare revenue cycle management applications played a significant role in driving the growth of this sector during the study period. Additionally, successful implementation of recently developed programs aimed at improving patient ...