Report studies back-end revenue cycle management market by product & service, delivery mode, end user, & region. It analyzes opportunities & challenges in market & provides details of competitive landscape for market leaders.
The global back-end revenue cycle management market growing at 5.0% CAGR and projected to reach USD 10.4 billion by 2023 from USD 8.1 billion in 2018. Growth in back-end revenue cycle management market can be attributed to factors like growing importance of denials management, increasing patient volume, process improvements in healthcare organizations, & declining reimbursement rates.
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Report on back-end revenue cycle management market focuses on various levels of analysis—industry trends, market share of top players, and company profiles, which together for mbasic views and analyze the competitive landscape, emerging segments of the back-end revenue cycle management market, and high-growth regions and their drivers, restraints, challenges, and opportunities.
“North America is expected to hold a significant share in the back-end revenue cycle management market during the forecast period.”
Geographically, the North American back-end revenue cycle management market is expected to account for the largest share of the market in 2018. The large share of North America in the market can be attributed to factors such as growing HCIT investments in the region, the presence of regulatory mandates supporting market growth in the US, and increasing digitalization and favorable funding initiatives by the Canadian government.
Report also studies factors (like drivers, restraints, opportunities, & challenges) affecting market growth. Furthermore, report analyzes micro markets with respect to their individual growth trends and forecasts revenue of market segments with respect to four main regions and respective countries.
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Factors like back-end revenue cycle management growing importance of denials management, increasing patient volume, process improvements in healthcare organizations, & declining reimbursement rates are driving growth of market. High cost of deployment, integration of back-end revenue cycle management solutions, data breaches & loss of confidentiality, & lack of skilled IT professionals in healthcare are expected to limit market growth to a certain extent in coming years.
“By end user, healthcare payers are expected to be the largest contributors to the back-end revenue cycle management market.”
Major players in the Back-end Revenue Cycle Management Market include athenahealth (US), Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), eClinicalWorks (US), Optum, Inc. (US), McKesson Corporation (US), Conifer Health Solutions (US), GeBBs Healthcare Solutions (US), The SSI Group (US), GE Healthcare (US), and nThrive (US).
More Information on “Back-end Revenue Cycle Management Market by Product and Services (Claim Processing, Denial Management, Payment Integrity), Delivery Mode (On-Premise, Cloud Based), End-User (Payer, Provider (Inpatient, Outpatient)), and Region – Global Forecast to 2023” research http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1873528 .
Back-end revenue cycle management market is segmented into healthcare payers and healthcare providers. In 2018, the healthcare payers segment is expected to account for the largest share of the market. Insurance providers need to comply with various federal and regional laws and regulations. Many of these regulations have privacy and security concerns relating to patient information and strict auditing and reporting requirements.
Breakdown of supply-side primary interviews:
- By Company Type: Tier 1:55%, Tier 2: 20%, and Tier 3:25%
- By Designation:C-level:35%, Director-level:25%, and Others:40%
- By Region: North America:20%, Europe:25%, APAC:40%, and RoW:15%
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