Back-End Revenue Cycle Management Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Back-End Revenue Cycle Management
Market Size, Share & Trends Analysis Report by Delivery Mode (Cloud-Based and On-Premises) and by Product & Services (Software and Services) and Forecast, 2019-2025.
The technological advancement in healthcare industries has led the healthcare service providers to develop more enhanced revenue cycle management solutions that include the management of claims processing along with payments and revenue generation. It further provides the claims to be submitted electronically; which aids in reducing time consumption. The rising patients' volume in healthcare organizations is further increasing the demand for revenue cycle management solutions for effective management of claims and payments. Several other factors are propelling the market growth, such as favorable government regulations towards the adoption of revenue cycle management solutions. Moreover, the growing adoption of EHR coupled with the integration of cloud services in the healthcare industry is accentuating the growth of the global back-end revenue cycle management market. However, the high initial cost of the deployment of back-end revenue cycle management solutions hampers the growth of the market.
The back-end revenue cycle management market is segmented on the basis of delivery mode and product & services. Based on delivery mode, the market is segmented into the cloud-based and on-premises platform. Among which, the cloud-based delivery mode is expected to register significant growth in the back-end revenue cycle management market during the forecast period. The cloud-based delivery mode offers industrial space reduction as the cloud-based solutions can be stored at the service provider premise, which in turn, lowers the demand for technical expertise operating in back-end revenue cycle management. Based on product & services, the market is bifurcated into software and services. The software segment is expected to register significant growth in the market during the forecast period as it offers the ability to integrate solutions and further allows the consumer to streamline and co-ordinate multiple financials functions through a single platform.
Geographically, the global back-end revenue cycle management market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among which, Asia-Pacific is expected to register significant growth in the global market during the forecast period. The growth can be accredited to the continuous growing investment for the deployment of advanced healthcare infrastructure in the emerging economies of the region, especially in India and China. Furthermore, the growing penetration of cloud-based services in the healthcare industry is further expected to propel the demand for back-end revenue cycle management solutions and services in Asia-Pacific.
The key players operating in the global back-end revenue cycle management market are athenahealth, Inc., Cerner Corp., AdvantEdge Healthcare Solutions, Allscripts Healthcare, LLC, eClinicalWorks, LLC, and Convergent Outsourcing, Inc., among others. These companies are deploying their products in various hospitals and healthcare institutes, with which these key players sustain in the competitive market. There are several other players providing their considerable contribution in the global market, which includes Conifer Health Solutions, LLC, McKesson Corp., nThrive, Inc., Quest Diagnostics Inc., and Cognizant Technology Solutions Corp.
The market study of the global back-end revenue cycle management market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for healthcare and pharmaceuticals companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.