Singapore Healthcare Revenue Cycle Management Market

Singapore Healthcare Revenue Cycle Management Market Insights Forecasts to 2035

• The Singapore Healthcare Revenue Cycle Management Market Size is Expected to Grow at a CAGR of Around 8.6% from 2025 to 2035
• The Singapore Healthcare Revenue Cycle Management Market Size is expected to hold a significant share by 2035.

According to a research report published by Spherical Insights & Consulting, the Singapore Healthcare Revenue Cycle Management Market size is growing at a CAGR of 8.6% from 2025 to 2035. The market for healthcare revenue cycle management in Singapore is mostly driven by increasing technological advancement, coupled with rising healthcare spending, increasing need for workflow optimisation in healthcare organisations, the increasing shift toward value-based care and alternative payment models.

Market Overview

Revenue cycle management (RCM) is the procedure used to track patient revenue from the initial visit or interaction with the healthcare system to the final balance payment. This method assists healthcare institutions and private clinics in streamlining their business operations. In addition, RCM solutions assist providers in managing and improving revenue cycle operations such as medical coding &billing, electronic health records, patient insurance eligibility verification, clinical documentation, and claims and rejections management.

It is anticipated that an increase in revenue cycle management-related innovations and initiatives will offer a chance for market expansion. In addition, the increasing need for workflow optimisation in healthcare organisations, coupled with the development of innovative synchronised management software systems, contributes to expanding the market for revenue cycle management. A rise in revenue cycle management-related advancements and efforts is predicted to present a market expansion opportunity.

The growth of the revenue cycle management market can be ascribed to an upsurge in government initiatives to promote the deployment of RCM solutions, a rise in revenue loss attributable to billing errors, and process optimisation in healthcare companies. Accurate processing of medical claims is essential for healthcare providers' revenue.

Accounts receivable (A/R) management or denial management comprises the revenue cycle management team. Most care providers are losing money due to claim denials and their refusal to submit or delay in submitting refused claims, while hospitals are under increasing pressure to decrease expenses. This has enabled organisations to specialise in revenue cycle management services.

Report Coverage

This research report categorizes the market for Singapore healthcare revenue cycle management market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore healthcare revenue cycle management market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore healthcare revenue cycle management market.

Driving Factors

The healthcare revenue cycle management market in Singapore is driven by the increase in healthcare expenditures is attributable to increased medical prices, the expansion of the covered population, and the demand for more advanced healthcare services, The use of complete RCM systems is being driven by an urgent industry move toward automation, compliance with data-driven decision making in healthcare finance, and the increasing pressure on providers to retain profitability despite narrowing margins.

Restraining Factors

The Singapore healthcare revenue cycle management market is restrained by rising costs, managing insurance claims, and allocating and managing resources are issues that healthcare facilities must deal with. This raises the demand for qualified individuals with technical expertise to oversee the HIT systems installed at these establishments. In the realm of healthcare IT, the revenue cycle management system is a relatively innovative system. As a result, this system cannot be effectively managed due to a lack of qualified personnel. Throughout the treatment continuum, this system helps with data analysis and billing and reimbursement management. To ove

Market Segmentation

The Singapore healthcare revenue cycle management market share is classified into delivery mode, function, and end user.

• The cloud-based segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Singapore healthcare revenue cycle management market is segmented by delivery mode into on-premise, web-based, and cloud-based. Among these, the cloud-based segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by ease of implementation, cost-effectiveness, and scalability. These systems give healthcare businesses easy access to RCM features, allowing operations to carry on without interruption across several locations. Cloud solutions are especially appealing to small and medium-sized businesses because of their adaptability to shifting organizational needs.

• The denial and claims management segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on function, the Singapore healthcare revenue cycle management market is segmented into insurance management, electronic health record, denial and claims management, billing and medical coding, clinical documentation improvement, and others. Among these, the denial and claims management segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by owing to the launch of advanced solutions that reduce claim denials. rising number and complexity of healthcare claims, high denial rates, and the need for innovative technologies to efficiently manage and appeal denied claims.

• The hospitals segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Singapore healthcare revenue cycle management market is segmented by end user into hospitals, diagnostic laboratories, office-based settings, and others. Among these, the hospitals segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by the increasing patient admissions, which increases hospital revenue. Hospitals use this technology to efficiently handle a revenue-collecting process, which helps the segment grow throughout the analysis period. The segment's dominance is further supported by growing partnerships between hospitals and technology suppliers.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore healthcare revenue cycle management market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• RN Care Pte. Ltd
• AdvaHealth Solutions
• 360 HealthTech Pte. Ltd
• Eastern Continents Medical Partners
• The Medical Concierge Group
• RMA Consultants
• MiCare HealthTech Holdings Pte. Ltd
• Rayn
• Adept Health Pte. Ltd
• HR Exchange Pte. Ltd
• GE Healthcare offers
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In Oct 2025, the Agency for Science, Technology and Research teamed up with local small and medium-sized enterprises (SMEs) to launch three new industry joint labs, driving co-innovation and strengthening Singapore’s advanced manufacturing capabilities and local supply chain ecosystem.
• In Aug 2025, RADPAIR announced a strategic partnership with AdvaHealth Solutions to deliver integrated AI reporting, giving healthcare providers access to a powerful, optional upgrade for their diagnostic workflow.

Market Segment

This study forecasts revenue at the Singapore, regional, and country levels from 2020 to 2035. Decision Advisor has segmented the Singapore Healthcare Revenue Cycle Management Market based on the below-mentioned segments:

Singapore Healthcare Revenue Cycle Management Market, By Delivery Mode

• On-premise
• Web-based
• Cloud-based

Singapore Healthcare Revenue Cycle Management Market, By Function

• Insurance Management
• Electronic Health Record
• Denial and Claims Management
• Billing and Medical Coding
• Clinical Documentation Improvement
• Others

Singapore Healthcare Revenue Cycle Management Market, By End User

• Hospitals
• Diagnostic Laboratories
• Office-Based Setting
• Others

FAQ’s

Q: What is the Singapore healthcare revenue cycle management market size?

A: The Singapore healthcare revenue cycle management Market is growing at a CAGR of 8.6% from 2025 to 2035.

Q: What are the key growth drivers of the market?

A: Market growth is driven by the increase in healthcare expenditures is attributable to increased medical prices, the expansion of the covered population, and the demand for more advanced healthcare services, The use of complete RCM systems is being driven by an urgent industry move toward automation, compliance with data-driven decision making in healthcare finance, and the increasing pressure on providers to retain profitability despite narrowing margins.

Q: What factors restrain the Singapore healthcare revenue cycle management market?

A: Constraints include rising costs, managing insurance claims, and allocating and managing resources are issues that healthcare facilities must deal with. This raises the demand for qualified individuals with technical expertise to oversee the HIT systems installed at these establishments. In the realm of healthcare IT, the revenue cycle management system is a relatively innovative system. As a result, this system cannot be effectively managed due to a lack of qualified personnel. Throughout the treatment continuum, this system helps with data analysis and billing and reimbursement management. To oversee so many intricate tasks, qualified experts are needed.

Q: How is the market segmented by the healthcare revenue cycle management market?

A: The market is segmented into on-premise, web-based, and cloud-based

Q: Who are the key players in the Singapore healthcare revenue cycle management market?

A: Key companies include the RN Care Pte. Ltd, AdvaHealth Solutions, 360 HealthTech Pte. Ltd, Eastern Continents Medical Partners, The Medical Concierge Group, RMA Consultants, MiCare HealthTech Holdings Pte. Ltd, Rayn, Adept Health Pte. Ltd, HR Exchange Pte. Ltd, and GE Healthcare offers.

Q: Who are the target audiences for this market report?

A: The report targets market players, investors, end-users, government authorities, consulting and research firms, venture capitalists, and value-added resellers (VARs).