Back-end Revenue Cycle Management Market - Revolutionary Trends 2028 | The SSI Group, Cerner Corporation, Allscripts Healthcare SolutionsMarket – Introduction
The healthcare revenue cycle includes multiple independent yet connected segments, starting from registration to claims management, that are separated by front-end and back-end components. As back-end revenue cycle management functions are critical in determining the organization output, many healthcare stakeholders are engaged in outsourcing the back-end revenue cycle management solutions to save resources in terms of time as well as money while improving the performance of revenue cycle.
Request Sample Copy of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=4827
As the complexity of back-end revenue cycle has increased significantly on the back of an increased patient volume, process improvements, importance of denial management and declining reimbursement rates, demand for back-end revenue cycle management solutions will witness significant demand during the forecast period.
However, high cost associated with deployment, integration, skilled IT professionals’ labor and data breach as well as cyber-security management are expected to impede the adoption rate of back-end revenue cycle management solutions, thereby restricting the growth of the back-end revenue cycle management market during the forecast period.
Back-end Revenue Cycle Management Market – Notable Development
Key players in the back-end revenue cycle management market include athenahealth, The SSI Group, Cerner Corporation, Allscripts Healthcare Solutions, Inc., GE Healthcare, eClinicalWorks, Conifer Health Solutions, Optum, Inc., GeBBs Healthcare Solutions, McKesson Corporation, and nThrive.
nThrive, a leading provider of revenue cycle management services company featured its Patient-to-PaymentTM suite of solutions at the Healthcare Financial Management Association's (HFMA) annual meeting, ANI 2017.
In February 2019, Ricoh USA, Inc., a Tokyo headquartered digital technology company announced the achievement of BLI PaceSetter award for the company’s work in the Healthcare space including Ricoh's Magnetoencephalography, healthcare direct services and healthcare administrative solutions which includes revenue cycle management.
Back-end Revenue Cycle Management Market Dynamics
Cloud-based Delivery to Gain Popularity in Back-end Revenue Cycle Management Market
With the increasing adoption of back-end revenue cycle management in the healthcare organizations, preference for outsourcing the services is higher as compared to the integration of on-premise management solutions. While outsourcing the back-end revenue cycle management services requires the healthcare organizations to share their data with the third party, integration of cloud-based services is gaining momentum owing to the benefits such as flexibility, customization and affordability as compared to on-premise management services.
Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=4827
Further, the accessibility of data from different locations for healthcare providers is another beneficial aspect associated with cloud-based services in the back-end revenue cycle management industry space. With the superior benefits, demand for cloud-based back-end revenue cycle management services is likely to gain popularity in the coming years.
High Cost of Deployment to Impede Penetration of Back-end Revenue Cycle Management Services
While the adoption of automation technologies in the healthcare sector is aimed at relieving the work pressure at a good price point, the transformation from conventional approaches to automated ones involve greater challenges in actual implementation. Healthcare organizations are at much more vulnerability than that of other industry sectors owing to the crucial nature of patient data management.
Although front-end and back-end revenue cycle management services are aimed at cutting the cost while enhancing the efficiency of the healthcare organizations, higher deployment cost of services are the major hurdle in the back-end revenue cycle management services landscape. As the funding constraints continue to hover around the ongoing healthcare modernization, higher deployment cost as well as expensive maintenance are likely to impede the growth of the back-end revenue cycle management market in the coming years.
Growing Investments toward Improving Healthcare Infrastructure to Fuel Back-end Revenue Cycle Management Market Growth
While developed countries are actively engaged in developing their healthcare infrastructure with the integration of advanced technologies to continue modernization of healthcare facilities, greater strides are underway in the developing economies to improve the status of overall healthcare accessibility and efficacy. Integration of healthcare IT solutions, Big data and automation is no more limited to developed economies.
Developing countries are witnessing increased investment and government support to improve their hospital infrastructures and overall healthcare delivery output. With the greater penetration of advanced technologies in the healthcare sector, demand for back-end revenue cycle management services is likely to grow during the forecast period.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Back-end Revenue Cycle Management Market - Revolutionary Trends 2028 | The SSI Group, Cerner Corporation, Allscripts Healthcare Solutions here
News-ID: 1702721 • Views: 526
More Releases from TMR Research
Process Safety System Market Overview, Segmentation, Manufacturing, Opportunitie …
Global Process Safety System Market: Snapshot The number of safeguarding measures implemented today is very high on account of the increasing concerns over safety. However, the results are still not very positive. This is especially true for the various process industries that are vulnerable to accidents. Thus, the demand for process safety systems is expected to rise in the coming years for the application of several layers of protection. Process
Satellite Manufacturing Market Overview, Trends, Leading Companies, Types, Appli …
Global Satellite Manufacturing Market: Snapshot With both developing and developed countries focusing on space missions and looking forward to enhance their communication technologies, the demand for satellite manufacturing is increasing with every passing day. The installation of satellite technology is intense in many countries as they witness high demand for advanced digital streaming of contents. The fueling demand for commercial satellites along with military satellites is likely to play a key
Steam Turbine Market Regional Outlook (North America, Latin America, Europe, Asi …
Global Steam Turbine Market: Snapshot With the assistance of blades joined to a rotor, the steam turbines change thermal energy of steam into mechanical energy. The turbine begins to turn when steam of high pressure goes through the succession of rotor blades. With the developing populace over the world, and robust urbanization in developing economies, the continuous demand for power and energy is heightening reliably, and therefore, the demand in the
Power Transmission Components Market will grow at a robust pace between 2017 and …
Global Power Transmission Components Market: Overview Advancement of several industries and robust urbanization have set off a noteworthy rush of power and energy in the last couple of years. This has raised worries about high utilization of energy and has started a discussion among countries to devise approaches to check power a use. Altogether, the two variables have brought about a colossal interest for control transmission components, which are known to
More Releases for Management
Risk Management at Change
Germany/Europe - 10/30/2018 The recent political turmoils in terms of globalization versus patriotism is baffling business stakeholders worldwide about business risks and chances, especially in the framework of investments abroad. Handling perils like sudden travel advises, updated sanction lists and the likeliness of a global trade war can be a rather challenging and demanding for private individuals, enterprises and company groups alike. This makes cooperating with a specialised, internationally positioned
CBF Management, Canada
'''CBF Management''' is the doing-business-as name of CBF Management/CBF and currently a non-franchisor selling and supporting post construction cleaning services, janitorial, commercial, residential, and floor care services through the [[Canada]], and 2 other countries using the “CBF Management” trademarks and systems to commercial services. Company History and Key Dates *2006 – CBF Management Company founded in Vancouver, British Columbia, as a floor care company by Harpreet Sandhu, a former track athlete. *2008 –
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail. Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of
Obesity Management Congress 2018
Obesity can be managed by combination of lifestyle change, exercise and healthy diet plans. In case of severe Obesity bariatric surgery and medications will be employed. People who have gone through bariatric surgery which have suppressed hunger and the mechanism for which causes obesity based type 2 diabetes is reversed and it also causes sixty to eighty percent weight loss for a long term. But it has it cons
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said
Oakmere Wealth Management Advisors - Investment Management Approac
St. James's Place Wealth Management recognizes that no single investment house has a monopoly on investment expertise, and St. James's Place do not employ in-house investment managers. Instead we carefully select a number of external managers of outstanding ability to manage our range of funds. This has a number of advantages: • It gives us the freedom to select first-class managers from the global investment market to manage our funds on behalf