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The European Revenue Cycle Management System market report defines and segments the concerned market in Europe with an analysis and forecast of revenue. This market was valued at $884.0 million in 2013, and is expected to grow at a CAGR of 6.3% from 2014 to 2019. The European Revenue Cycle Management System (RCM) market is mainly driven by the growing initiatives undertaken by the government bodies to implement RCM solutions.
Browse through the TOC of European Revenue Cycle Management System market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Europe accounted the second-highest share of the global Revenue Cycle Management System market in 2013, and is expected to grow at a CAGR of 6.3% from 2014 to 2019. The European market is expected to grow at a faster pace since some of the policies have been undertaken by the European Commission, such as e-Government Action Plan 2011-2015 to support and complement information & communication technologies (ICT) and also e-Health & the allocation of 5% of the health budget to implement healthcare IT solutions. The e-Europe action plan covers online health plans, health cards, and health information networks to foster the development of healthcare IT solutions among their citizens, which in turn is likely to affect the RCM market in positive way.
The Revenue Cycle Management System market is segmented on the basis of deployment, component, application, and end-user. Based on deployment, the market includes cloud-based, on-premise, and web-based. The applications of RCM are biller's dashboard, claims attachment rules, claims remittance updates, direct payer claims, EMR documentation for claims, eligibility transaction with payer, and medical necessity alert at registration, among others. The end-users include academics, ambulatory care solutions, hospitals, medical and diagnostic laboratories, and office-based physicians.
The market is further segmented and forecast on the basis of major countries, such as the U.K, Germany, France, Italy, Spain, and Rest of Europe. In addition, the report presents a competitive landscape and company profiles of key players in the market. Key players in the European RCM market include Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks, Inc. (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare Diagnostics AG (Germany), and Kareo, Inc. (U.S.), among others.
The European Non-Clinical Information Systems (NCIS) Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market was valued at $2,490.3 million in 2013 and is estimated to grow to around $3,376.2 million by 2018, at a CAGR of 6.3% from 2013 to 2018.
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