Healthcare Revenue Cycle Trends

Are you considering growth by acquisition or interested in divesting your current revenue cycle management (RCM) company? Your timing couldn’t be better!

The global RCM market is expected to double over the next six years, achieving $282 billion by 2030. This growth is fueled by healthcare challenges such as climbing treatment costs, rising patient volume, and increasing complexity of care and reimbursement.

This dynamic, coupled with the regulatory mandate for electronic health record (EHR) adoption and the desire for EHR/RCM technology implementation for consistent workflow, is mounting pressure on hospital and clinic budgets, persuading them to consider outsourcing their RCM operations.

Increased payer denials also lend themselves to the RCM growth trajectory. The administrative burden heaped on hospital and clinic staff to monitor, correct, and rebill denied claims is significant. This comes at a cost to the health system, which could be eliminated via an RCM outsourced model.

In 2023, a study conducted by Revcycle Intelligence determined that 61% of healthcare organizations currently outsourced or had plans to outsource their RCM services.

Capitalize on this growing market with the help of True North Mergers and Acquisitions Advisor Betty Schulte. Betty has over 25 years of experience in the RCM space and is ready to assist with buy- or sell-side transactions.

Source: PitchBook & Fortune Business Insights