REVENUE CYCLE MANAGEMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• On January 3, 2024, Med-Metrix, LLC, a leading provider of technology-enabled Revenue Cycle Management solutions, and VHC Health signed an exclusive 15-year RCM partnership that covers all of VHC Health's revenue cycle functions. VHC Health is a not-for-profit, Magnet-designated health system and member of the Mayo Clinic treatment Network that provides high-quality treatment in Washington, U.S.
• On January 2, 2024, Veradigm Inc., a leading provider of healthcare data and technology solutions, announced the acquisition of Koha Health, a full-service revenue cycle management company. With this acquisition, Veradigm Inc. expands its offerings and expertise as a leading provider of revenue cycle services in the ambulatory healthcare industry.
• In November 2023, the Healthcare Financial Management Association (HFMA) announced a strategic alliance with FinThrive, Inc., a healthcare revenue cycle management software-as-a-service (SaaS) provider, to co-launch a peer-reviewed, five-stage Revenue Cycle Management Technology Adoption Model (RCMTAM) designed to assist health systems in leveraging industry benchmarks to assess their current state of RCM technology maturity and developing best-practice plans to optimize revenue cycle outcomes
• In June 2022, Olive, the automation company pioneering the Internet of Healthcare, unveiled its Autonomous Revenue Cycle (ARC), the company's flagship Revenue Cycle Management (RCM) set of solutions. Olive's ARC revolutionizes RCM by using intelligent automation to eliminate manual tasks, allowing healthcare organizations to focus more on patient care while also reducing employee burnout.