Revenue Cycle Management Market To Reach $894.25 Billion By 2033

Revenue Cycle Management Market Growth & Trends

The global revenue cycle management market size is expected to reach USD 894.25 billion by 2033, registering a CAGR of 11.12%  from 2025 to 2033, according to a new report by Grand View Research, Inc. The healthcare industry is experiencing a significant shift towards digitization, which has led to the adoption of healthcare IT solutions such as RCM systems. The use of multiple healthcare functionalities often results in unorganized data silos, which can hinder productivity and efficiency. To overcome these challenges, healthcare organizations are turning to RCM software and services, driving market growth.

The healthcare industry in developing countries is now transitioning from traditional paper-based processes to electronic processes for coding, reimbursements, and claims management. This shift is being driven by the growing digital literacy across the globe, increasing healthcare IT spending, and technological advancements in healthcare infrastructure. In addition, favorable regulatory support from government bodies is further boosting the market growth.

The demand for workflow optimization is on the rise, and this is driving key players in the healthcare industry to focus on innovative product development strategies. The goal is to enhance the patient-provider relationship in healthcare facilities. As healthcare systems continue to transform and technological advancements continue to be made, the adoption of RCM systems is expected to increase.

Market players are focusing on acquisition, partnerships, and technological collaborations with other players to expand their product portfolio and regional presence. For instance, in October 2023, Waystar and Humata Health acquired all of the assets of Olive AI, a healthcare RCM company. With Olive AI's solutions, they can now automate high-volume repetitive administrative workflows in the revenue cycle, including coverage identification and eligibility verification, end-to-end prior authorization, and claims and remittance processing. This acquisition has strengthened their position in the market and will help them provide better services to their clients.

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Revenue Cycle Management Market Report Highlights

• The services segment dominated the revenue cycle management with the largest share of 67.39% in 2024, owing to the growing trend of outsourcing these services to healthcare facilities.

• The web-based delivery mode segment dominated the revenue cycle management industry with the largest share of 52.79% in 2024, owing to the growing implementation of web-based solutions.

• The integrated segment dominated the revenue cycle management market with the largest share of 70.75% in 2024, owing to the growing preference for volume-based payments over value-based payments.

• The hospitals segment accounted for the largest share of 37.52% in 2024, owing to the rising number of protocols and guidelines introduced by regulatory bodies with respect to patient safety.

• North America dominated the revenue cycle management market with the largest share of 54.56% in 2024. This is due to the growing presence of physicians’ offices in the U.S. Regulatory reforms, such as amendments in ICD-10, have led to a digital transformation in healthcare systems, and there has been a significant surge in demand for healthcare IT solutions such as RCM systems to enhance efficiency and improve care delivery.

Revenue Cycle Management Market Segmentation

Grand View Research has segmented the global revenue cycle management market report based on product, type, delivery mode, end use, and region:

Revenue Cycle Management Product Outlook (Revenue, USD Million, 2021 - 2033)

• Software

• Services

Revenue Cycle Management Type (Revenue, USD Million, 2021 - 2033)

• Integrated

• Standalone

Revenue Cycle Management Delivery Mode Outlook (Revenue, USD Million, 2021 - 2033)

• Web-based

• Cloud-based

• On-premise

Revenue Cycle Management End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Physician Back Offices

• Hospitals

• Diagnostic Laboratories

• Other

Revenue Cycle Management Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Revenue Cycle Management Market

• The SSI Group, Inc.

• Veradigm LLC (AllScripts Healthcare, LLC)

• athenahealth, Inc.

• Experian Information Solutions, Inc.

• R1 RCM Inc.

• Epic Systems Corporation

• McKesson Corporation

• NXGN Management, LLC

• CareCloud Corporation

• Quest Diagnostics, Inc.

• Oracle (Cerner Corporation)