Back-end revenue cycle management allows healthcare providers to manage the process of healthcare billing and reimbursement rates, eligibility checks and claims submission and payments. Various government initiatives to modernize healthcare infrastructures coupled with the integration of IT technologies in healthcare tend to drive the growth of the global back-end revenue cycle management market. Moreover, increasing patient volumes in healthcare organizations have forced the healthcare providers towards the adoption of advanced management solutions to handle a large amount of patient’s data. Stringent government regulation towards the adoption of EHR and electronic medical records (EMR) has propelled the market growth of back-end revenue cycle management solutions. Furthermore, to reduce the number of cases billing errors, the demand for cloud-based management solutions is continuously growing in the global market, which in turn, is escalating the market growth.

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-premise platform. Among which, the cloud-based delivery mode is expected to register significant growth rate in the market during the forecast period. This growth is accredited to the healthcare and pharmaceuticals providers’ preference for outsourcing the services rather than the integration of on-premise management solutions. Based on product & services, the market is bifurcated into software and services. Among which, the services segment is expected to show considerable growth in the market during the forecast period. The growing adoption of outsourcing solutions and rising investment in infrastructure by the healthcare providers tend to fuel the growth of the services segment in the market.

Geographically, the global back-end revenue cycle management market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, North America accounts to contribute a considerable share in the global market. This is due to the presence of well-developed healthcare infrastructure in the region; which leads to the significant adoption of advanced IT infrastructure into the healthcare industry. Moreover, favorable government support for the healthcare industry has escalated the adoption of automation and digitalization in the sector in the US, are some of the major factors propelling market growth.

The major 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. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in August 2018, Access Healthcare announced the acquisition of Pacific BPO. The acquisition has offered the company to outreach customer base by expanding the product portfolio.

Research Methodology

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.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

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.

Market Segmentation:

• Global Back-End Revenue Cycle Management Market Research and Analysis by Delivery mode
• Global Back-End Revenue Cycle Management Market Research and Analysis by Product & Services

The Report Covers:

• Comprehensive research methodology of the global back-end revenue cycle management market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global back-end revenue cycle management market.
• Insights about market determinants which are stimulating the global back-end revenue cycle management market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.