Declining healthcare reimbursements and higher regulatory demands are expected to drive the growth of the revenue cycle management market to be worth $114.51bn by 2025.
That is a jump from $57.94bn in 2019, representing a compound annual growth rate of 12.02%.
The research from Valuates Reports also identified government measures to promote revenue cycle management solutions, loss of revenue due to billing errors, and process changes in healthcare organisations as other key drivers. For the expansion of the sector.
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