Growth and Innovation in RCM

The RCM market is expanding rapidly, driven by AI, automation, compliance, and strategic consolidation.

Revenue Cycle Management

Market Analysis

The global Revenue Cycle Management (RCM) market is experiencing robust growth, characterized by expanding market size—from $151.91 billion to $343.78 billion globally, and significant U.S. growth with a projected CAGR of 10.1% to 11.55%. Key drivers include technological advancements, increased outsourcing, rising mHealth adoption, and regulatory initiatives. However, challenges such as shifting regulatory frameworks, workforce shortages, and operational complexities persist. Despite these inhibitors, continued investment and innovation are propelling market expansion. Stakeholders must strategically address these hurdles to fully capitalize on emerging opportunities and maintain sustained growth in the evolving RCM landscape.
~
$
157.9
B

Market Value 2024 (U.S)

$
272.8
B

Market Value 2030 (U.S)

10.1
%

CAGR (U.S)

Key Market Drivers

Increase in outsourcing of RCM

Increasing adoption of mHealth

Growing need to manage unstructured healthcare data

Market Inhibitors

Continuous policy changes and upgradation of regulations

Changes in regulatory frameworks

Specific demands of healthcare organizations

Our Insights

The RCM sector’s rapid expansion is catalyzed by tech adoption, M&A activity, and evolving regulatory demands. Companies that emphasize AI-driven automation, integration, and robust security are best positioned to capitalize on market growth and investor interest. Business owners should anticipate continued consolidation and prioritize scalable, differentiated offerings that enhance both operational efficiency and the patient experience. Regulatory vigilance is essential—proactive compliance, data protection, and transparent practices mitigate reputational and financial risks. Ultimately, sustainable competitiveness will come from strategic partnerships, continuous innovation, and nimble adaptation to both telehealth and value-based care trends reshaping the healthcare landscape.

Key Players in The Industry

Epic Systems Corporation

Provides a comprehensive, integrated electronic health record (EHR) solution that includes revenue cycle management tools.

Change Healthcare

One of the largest RCM vendors in the U.S.

R1 RCM

Focuses on large hospital systems and academic medical centers.

Recent
M&A Activity

The healthcare revenue cycle management (RCM) sector is experiencing record merger and acquisitions (M&A) activity. Private equity firms and strategic acquirers are aggressively pursuing acquisitions of RCM companies, with increased interest in those companies that offer artificial intelligence (AI)-driven automation, scalable technology, and strong financial performance. AI and automation are reshaping RCM, with 98% of healthcare organizations indicating they have implemented or are planning to implement AI strategies. Private equity firms are the dominant force in healthcare RCM M&A, with nearly half of healthcare information technology (IT) transactions in 2024 involving private equity buyers. Buyers prioritize healthcare RCM businesses with predictable, recurring revenue streams and long-term client contracts. Investors are particularly drawn to scalable, tech-enabled RCM platforms that improve financial outcomes for providers.
acquisition
Dec. 18
Aspirion acquired Boost Healthcare
Focuses on helping providers identify and recover revenue.
acquisition
Nov. 19
TowerBrook Capital Partners and Clayton, Dubilier & Rice acquired R1 RCM
Private equity firms acquired R1 RCM
acquisition
Oct. 1
Accel-KKR acquired VisiQuate
RCM company acquisition

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