GERMANTOWN, Md. -- Kaulkin Ginsberg’s strategic advisory and market intelligence research team is proud to announce the release of The Healthcare Revenue Cycle Management Industry Overview. This report provides an in-depth look at effective RCM companies’ core competencies that combat the obstacles the healthcare industry faces.
The U.S. revenue cycle management industry (RCM) developed over the past few decades as a result of the evolving U.S. healthcare market. Before that, healthcare providers were small-town physicians who would treat neighbors and friends for unstructured costs, and they were sometimes only paid if patients recovered.
Today, healthcare is a technologically advanced market that requires expertise in treating medical problems and handling administrative functions. This is where RCM comes in. In 2015, the RCM industry produced about $18 billion in revenue, and it’s projected to grow to more than $26 billion in annual revenue by 2021 at a compounded annual growth rate of 5.5%.
The RCM industry has changed considerably from only handling claims and collectibles to covering administrative functions. It also provides advanced electronic medical record systems, and supports call centers with employees trained to manage collection operations and customer service. As a result, the industry appeals to both strategic and financial buyers seeking to gain additional expertise and/or capabilities in one of the many service areas provided by a successful RCM firm.
The report provides an outlook through 2018 on key economic indicators and highlights multiple 2016 M&A transactions to support strategic planning and investment initiatives – making it a must-read for investors and healthcare service providers alike.
If you are interested in receiving a copy of The Healthcare Revenue Cycle Management Industry Overview, or if you would like to confidentially discuss your interests in the RCM industry, please contact a member of our strategic advisory team at firstname.lastname@example.org.