Research and Markets (http://www.researchandmarkets.com/research/txh2q4/healthcare_rcm) has announced the addition of the "Healthcare RCM Outsourcing Market in the US 2015-2019" report to their offering.

The Healthcare RCM Outsourcing market in the US to grow at a CAGR of 15.51% over the period 2014-2019

Healthcare service providers have long since deployed automated systems to address RCM processes. Legacy IT applications have outdated technology platforms that lack the advanced functionality needed to address new models for reimbursement or RCM. The complex processes of medical billing and collections resulted in gaps and inefficiencies that have led to loss in revenue.

Considering the issues pertaining to revenue cycle processes and workflows, hospitals and health systems considered the outsourcing option for RCM service. The outsourcing of RCM services ensures maximum collections in the face of growing challenges and also reduces the potential revenue leakage for different RCM processes.

The consolidation in the market is one of the major trends emerging in the market. The Healthcare sector has witnessed an increase in M&A. Large vendors are acquiring small service providers to increase and expand their market shares and businesses.

According to the report, the need to comply with government compliances is one key driver of the market. The increased need to comply with government regulations has forced healthcare service providers to outsource their RCM services to third-party vendors.

Further, the report states that selecting the right vendors is one of the major challenges that the market faces. There are a number of vendors available in the market; however, not all of them are capable of meeting the varied demands of healthcare RCM activities. Therefore, healthcare service providers outsource their RCM services to niche vendors and those that have experience in specific domains.

The Healthcare RCM Outsourcing market in the US is categorized into three segments:

  • Front-end Services
  • Middle Services
  • Back-end Services

Key Vendors

  • Conifer Health Solutions
  • Emdeon
  • MedAssets
  • Parallon Business Solutions
  • The SSI Group

For more information visit http://www.researchandmarkets.com/research/txh2q4/healthcare_rcm