DUBLIN--(BUSINESS WIRE)--The "Back-end Revenue Cycle Management Market by Product and Services, Delivery Mode, End-User and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global back-end revenue cycle management market is projected to reach USD 10.4 billion by 2023 from USD 8.1 billion in 2018, at a CAGR of 5%.
Growth in the back-end revenue cycle management market can be attributed to factors such as the growing importance of denials management, increasing patient volume, process improvements in healthcare organizations, and declining reimbursement rates.
However, the high cost of deployment, integration of back-end revenue cycle management solutions, data breaches and loss of confidentiality, and lack of skilled IT professionals in healthcare are expected to limit market growth to a certain extent in the coming years.
Key Highlights
- The services segment is expected to hold the largest market share during the forecast period.
- The cloud-based delivery mode segment is expected to grow at the highest rate during the forecast period.
- Investments to modernize the healthcare infrastructure in the Asian region are expected to offer growth opportunities in the region.
Market Dynamics
Drivers
- Growing Importance of Denials Management
- Increasing Patient Volume
- Process Improvements in Healthcare Organizations
- Declining Reimbursement Rates
Restraints
- High Cost of Deployment
Opportunities
- Emerging Countries
- Cloud-Based Solutions
- Artificial Intelligence in Health Insurance
- Rising Adoption of Electronic Health Records
Challenges
- Integration of Back-End Revenue Cycle Management Solutions
- Data Breaches and Loss of Confidentiality
- Lack of Skilled It Professionals in Healthcare
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Back-End Revenue Cycle Management Market, By Product & Service
7 Back-End Revenue Cycle Management Market, By Delivery Mode
8 Back-End Revenue Cycle Management Market, By End-user
9 Back-End Revenue Cycle Management Market, By Region
10 Competitive Landscape
11 Company Profiles
- Allscripts Healthcare Solutions
- Athenahealth
- Cerner
- Cognizant Technology Solutions
- Conifer Health Solutions
- Context 4 Healthcare
- DST Systems
- eClinicalWorks
- GE Healthcare
- Gebbs Healthcare Solutions
- Health Solutions Plus
-
McKesson
- nThrive
- Optum Inc.
- Plexis Healthcare Systems
- Quest Diagnostics
- Ram Technologies
- The SSI Group
For more information about this report visit https://www.researchandmarkets.com/research/ghwkxv/backend_revenue?w=4
