Back-end Revenue Cycle Management Market: Projected to Grow at a CAGR of 5.0% and Estimated to Reach 10.4 billion by 2023

The Global "Back-end Revenue Cycle Management Market" research 2020 highlights the major details and provides in-depth analysis of the market along with the future growth, prospects and Industry demands analysis explores with the help of complete report with figures, graphs and table of contents to analyze the situations of global Back-end Revenue Cycle Management Market and Assessment to 2024.

The Global Back-end Revenue Cycle Management Market Report provides database which pertains to the current and contemporary discovery and the new technology which has been induced in the Back-end Revenue Cycle Management Market, thereby helping the investors to understand the impact of these on the market future development. Also, the Report comprises of an extensive study on the Global Back-end Revenue Cycle Management status, future forecast, growth opportunity, proportion, demand, key market and key players which helps the retailers and participants to be aware of the shortcomings, market threats and the plausible profitable opportunities which market can offer. Furthermore, the inculcation of industry's size, revenue, consumption helps in educating oneself of the political situations and hence, on the basis of that, one can control over a large number of the market share.

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"The back-end revenue cycle management market is projected to grow at a CAGR of 5.0% during the forecast period."

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 5.0%. 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.

"The services segment is expected to hold the largest market share during the forecast period."

On the basis of product & service, the back-end revenue cycle management market has been segmented into software and services. The services segment is estimated to witness the highest CAGR during 2018-2023. High growth in this segment can be attributed to the recurring nature of services such as training and development, installation, software upgrades, consulting, and maintenance.

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"The cloud-based delivery mode segment is expected to grow at the highest rate during the forecast period."

On the basis of delivery mode, the back-end revenue cycle management market is segmented into on-premise and cloud-based modes. The cloud-based delivery mode segment is estimated to witness the highest CAGR during the forecast period. Cloud-based solutions help healthcare organizations share and integrate information from different locations, and these solutions are less costly to install and maintain than on-premise solutions, which contribute to the high growth and popularity of the cloud-based delivery model.

"Investments to modernize the healthcare infrastructure in the Asian region are expected to offer growth opportunities in the region."

Geographically, the back-end revenue cycle management market is segmented into North America, Europe, Asia, and the Rest of the World. The Asian market is expected to grow at the highest rate during the forecast period. Growth in this region can be attributed to investments to modernize healthcare infrastructures and growing adoption of healthcare IT solutions in China, measures to boost the quality of healthcare delivery in Japan, and rapid growth in the healthcare industry in India.

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%

The major players in the market includeathenahealth (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).

Research Coverage

This report studies the back-end revenue cycle management market based on product & service, delivery mode, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

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