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U.S. Revenue Cycle Management Market Size & Share

U.S. Revenue Cycle Management Market

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U.S. Revenue Cycle Management Market Size & Share

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  1. The U.S. revenue cycle management (RCM) market reached $64.13 billion in 2022 and is projected to grow at 10.7% CAGR through 2030. RCM systems help healthcare organizations track patient expenses from admission to discharge, handling functions like insurance verification, medical coding, billing, and claims management. Key market trends include: Shift toward outsourcing RCM to improve financial performance Growing need to manage increasing volumes of healthcare data Rising adoption of artificial intelligence (98% of U.S. hospitals expected to use AI for RCM by end of 2023) Security concerns around patient data protection (healthcare data breach costs rose 25.5% to $9.23 million in 2021)     The market segments into: Structure: In-house (largest segment) and outsourced Type: Software (dominant) and services Functions: Claims management, medical coding, clinical documentation, insurance End users: Hospitals (largest segment) and physician offices     Major players include Epic Systems Corporation (market leader), Optum Inc., and R1 RCM, Inc. Recent developments show continued innovation, with companies like Inovalon launching new RCM Intelligence solutions in October 2022 Report- Fortune Business Insights - U.S. Revenue Cycle Management Market Size & Share 2030 https://www.fortunebusinessinsights.com/u-s-revenue-cycle-management-market-108765

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