Back-end Revenue Cycle Management Market: Industry Trends, Share, Size and Forecast Report

Overview

Back-end Revenue Cycle Management Market Introduction:

Back End Revenue Cycle Management Market is estimated to value over USD 10.95 billion by 2027 end and register a CAGR of over 4.8% during the forecast period 2020 to 2027.

The back-end revenue cycle management market growth can be credited to the emphasis placed on denials management, increasing patient population, procedural improvements in healthcare organizations, and sharp reduction in reimbursement. However, some aspects that could be potentially detrimental to the growth include the exorbitant cost of deployment, assimilation of back-end revenue cycle management strategies, a breach in data and lack of confidentiality, as well as a scarcity of efficient IT professionals in the healthcare sector.

FutureWise Market analysis predicts that the services segment is registered to grow substantially over the forecast period. The potential market value of this segment can be linked to the nature and dynamics of services such as development and training, upgrades in software, installation, maintenance and consulting.

With the delivery mode segment, the back-end revenue cycle management market is bifurcated into cloud-based modes and on premise. In the case of cloud-based solutions, they serve to aid healthcare organizations to collect and combine information from diverse locations. These solutions are cost-effective in installation and maintenance, as opposed to the on premise solutions, which in turn, are instrumental in the immense growth as well as the popularity of cloud-based delivery mode.

Some key players who have dominated this market include Cerner Corporation (US), McKesson Corporation (US), GE Healthcare (US), SSI Group (US), Allscripts Healthcare Solutions, Inc. (US), nThrive (US), athenahealth (US), Optum, Inc. (US), GeBBs Healthcare Solutions (US), Conifer Health Solutions (US) and eClinicalWorks (US).

Back-End Revenue Cycle Management Market Segmentation:

By Product & Service

Services
Software

By Delivery Mode

On-Premise Delivery Mode
Cloud-Based Delivery Mode

By End User

Healthcare Payers
Healthcare Providers

By Region

North America
Europe
Asia Pacific
Rest of the World

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the back-end revenue cycle management market by product & service, by delivery mode, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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