Report Id: SNS/HC/1823 | June 2022 | Region: Global | 125 Pages
Patient Access Solutions Market Overview:
The Patient Access Solutions Market Size was valued at USD 1.7 billion in 2021, and expected to reach USD 3.1 billion by 2028, and grow at a CAGR of 8.7% over the forecast period 2022-2028.
Healthcare practitioners can use patient access solutions to provide their consumers with a better shopping experience. Customers can use the solutions to find, book, and pay for services that are available online. Patient access solutions work with the healthcare claim processing system and connect hospitals with their patients until the billing process is completed. The system gives hospital employees the ability to have better conversations with their patients and take financial responsibility for them. As a result of these solutions, the overall human effort and claim denials are reduced, and the patients' financial experience is improved.
Patient access to high-quality health and medical care is one of the foundational cornerstones of global healthcare systems. To expedite support procedures, maximise the utilisation of resources, including healthcare workers, and improve the quality of service, hospitals are progressively adopting and deploying patient access solutions. As a result, the market for patient access solutions has grown in response to the increasing focus on improving patient satisfaction and increasing profitability. The introduction of enterprise intelligence systems has had a significant impact on the industry's evolutionary contours.
Maintaining regulatory compliance is essential.
An increase in the number of patients and, as a result, an increase in the need for health insurance
The management of rejections is becoming increasingly important.
Rates of reimbursement are decreasing.
The need to reduce healthcare expenditures is becoming more pressing.
Violation of privacy and data breach
Emerging healthcare IT markets have tremendous development potential.
In the healthcare industry, there is a scarcity of qualified IT professionals.
Adoption of patient access options is proving to be difficult.
Exorbitant deployment costs
IMPACT OF COVID-19
As a result of the outbreak of COVID-19, physicians and other health professionals have become increasingly distant from each other, necessitating the development of patient access solutions and the exchange of accurate and timely patient health information and insurance applications to chronically ill patients. Software and technology can provide a secure basis for electronic health records transfer, access, and acquisition. Thanks to these technologies that allow for the exchange and analysis of health data, both patients and health care professionals can make operational and financial decisions with more knowledge.
By Products And Service Type
Services and software create a market for patient access solutions. The global patient access point solutions market was led by a segment of services. In the coming years, the services market is predicted to grow due to the advent of sophisticated software and the need for system integration.
By Delivery Mode
Web and cloud-based solutions, as well as on-premise solutions, make up the patient access solutions industry. The web and cloud-based solutions segment dominated the worldwide patient access solutions market. Some of the primary advantages connected with web and cloud-based solutions include the freedom of working from remote locations, cost, and automated updating features.
Healthcare providers, HCIT outsourcing businesses, and other end users are the segments of the patient access solutions market. The worldwide patient access solutions market was dominated by the healthcare provider’s sector. The adoption of patient access solutions among healthcare providers is being fueled by rising HCIT use, considerable increases in healthcare spending, rising healthcare prices, and diminishing reimbursement rates.
Some of the major key players of Patient Access Solutions Market are as follows: MEDHOST, TeleTracking Technologies, Inc., PokitDok, Inc, KYRUUS, UNITED BIOSOURCE LLC, Optum, Experian Information Solutions, Inc., Genentech USA, Inc., TransUnion LLC, GAFFEY Healthcare.
By Products And Service Type
Support & Maintenance
Training & Education
Medical Necessity Management
Pre-Certification & Authorization
Claims Denial & Appeal management
Payments Estimation Software
Claims Payment Assessment Software
By Delivery Mode
Web & Cloud Based
HCIT Outsourcing Companies
Although the Asia Pacific market for patient access solutions is still relatively new, it is likely to grow at the fastest rate in the future years. Vendors of patient access solutions may anticipate to see significant growth in countries like Japan, Australia, New Zealand, South Korea, and Singapore.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.7 Billion|
|Market Size by 2028||US$ 3.1 Billion|
|CAGR||CAGR of 8.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Products And Service Type (Services (Support & Maintenance, Training & Education, Implementation), Software (Eligibility Verification, Medical Necessity Management, Pre-Certification & Authorization, Claims Denial & Appeal management, Payments Estimation Software, Claims Payment Assessment Software)
• By Delivery Mode (Web & Cloud Based, On-Premise)
• By End-User (Healthcare Providers, HCIT Outsourcing Companies)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||MEDHOST, TeleTracking Technologies, Inc., PokitDok, Inc, KYRUUS, UNITED BIOSOURCE LLC, Optum, Experian Information Solutions, Inc., Genentech USA, Inc., TransUnion LLC, GAFFEY Healthcare.|
|DRIVERS||• Maintaining regulatory compliance is essential.
• An increase in the number of patients and, as a result, an increase in the need for health insurance
• The management of rejections is becoming increasingly important.
|RESTRAINTS||• Violation of privacy and data breach|
Frequently Asked Questions (FAQ) :
Violation of privacy and data breach is the main restraints of the Patient Access Solutions market.
The management of rejections is becoming increasingly important, Rates of reimbursement are decreasing are drivers of Patient Access Solutions market.
Asia Pacific market for patient access solutions is still relatively new, it is likely to grow at the fastest rate in the future years.
MEDHOST, Tele Tracking Technologies, Inc., Pokit Dok, Inc, KYRUUS, UNITED BIOSOURCE LLC, are the key players of the Patient Access Solutions Market.
Patient Access Solutions Market Size was valued at USD 1.7 billion in 2021, and expected to reach USD 3.1 billion by 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Patient Access Solutions Market Segmentation, By Products and Service Type
81.1 Support & Maintenance
8.1.2 Training & Education
8.2.1 Eligibility Verification
8.2.2 Medical Necessity Management
8.2.3 Pre-Certification & Authorization
8.2.4 Claims Denial & Appeal management
8.2.5 Payments Estimation Software
8.2.6 Claims Payment Assessment Software
9. Patient Access Solutions Market Segmentation, By Delivery Mode
9.1 Web & Cloud Based
10. Patient Access Solutions Market Segmentation, By End-User
10.1 Healthcare Providers
10.2 HCIT Outsourcing Companies
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 TeleTracking Technologies, Inc.
12.3 PokitDok, Inc
12.5 UNITED BIOSOURCE LLC
12.7 Experian Information Solutions, Inc.
12.8 Genentech USA, Inc.
12.9 TransUnion LLC
12.10 GAFFEY Healthcare
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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