The healthcare revenue cycle management market value is expected to surpass $100 billion by 2024, according to Global Market Insights.
Three quick notes:
1. The market's compound annual growth rate is expected to surpass 11.8 percent within the same time frame.
2. The coding and billing segment's forecasted CAGR from 2017 to 2024 is 11.3 percent.
3. The availability of upgraded software to reduce errors in data interpretation during medical coding will drive growth in the coding and billing segment.
More articles on coding, billing and collections:
How ASC Medicare payments have grown in the last 5 years
ASC billing & management platform gets a refresh
Avera employee health plan drops 3 physician-owned practices — 4 insights