U.K. Revenue Cycle Management Market Outlook

the u.k. revenue cycle management market outlook for 2018 to 2032 has many positive developments to consider. the sector has seen significant evolutionary changes in recent years with an array of digital developments and technology advancements which have significantly improved the industry’s efficiency. the evolution of the revenue cycle management market in the u.k. is characterised by advancements in technology, resulting in the automation of numerous processes, including: • electronic medical records (emr) • electronic billing and coding • automated charge capture • electronic insurance verification these improvements in automation reflect the move away from physical paper processes to digital processes in the field of revenue cycle management. this shift has encouraged rapid growth in the market, significantly improving the accuracy, transparency and efficiency of the sector, overall. innovation in the industry has also been encouraged, with the u.k. government providing a number of grants to businesses and organisations with a specific focus on improving the sector’s offerings. such advancements further confirm the high levels of prowess the market has to offer. the availability of various revenue cycle management (rcm) solutions alongside the r&d investments made by the largest market players further fuels the sector’s growth, as was witnessed in 2018 across the u.k. furthermore, the u.k. revenue cycle management industry is set to benefit from customer demand; growing demand for customised, technology enabled solutions will only appeal to potential customers, while healthcare providers continue to seek cost-effective solutions in order to maximise their operational efficiency. the u.k. revenue cycle management market is set to benefit from major developments outlined in the nhs's five-year strategic plan. these developments include a focus on the development of digital technology and increased funding for it systems to ensure the healthcare sector benefits of the best quality technology to improve care and efficiency. these developments, alongside a series of market-leading technologies and services, have led to a positive outlook for the u.k.’s revenue cycle management market. there are numerous opportunities for providers in the sector to capitalise on the sector’s potential, with significant improvements made in the coming period.