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Patient Access Solutions Market

Patient Access Solutions Market Size, Share & Segment 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), by Regions and Global Forecast 2022-2028

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 Solutions Market

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.

MARKET DYNAMICS

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.

  • Rates of reimbursement are decreasing.

  • The need to reduce healthcare expenditures is becoming more pressing.

RESTRAINTS

  • Violation of privacy and data breach

OPPORTUNITIES

  • Emerging healthcare IT markets have tremendous development potential.

CHALLENGES

  • 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.

By End-User

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.

COMPETITIVE LANDSCAPE

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.

MARKET SEGMENTATION:

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

Patient Access Solutions Market

REGIONAL ANALYSIS

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Patient Access Solutions Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.1 Services

81.1 Support & Maintenance

8.1.2 Training & Education

8.13 Implementation

8.2 Software

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

9.2 On-Premise

 

10. Patient Access Solutions Market Segmentation, By End-User

10.1 Healthcare Providers

10.2 HCIT Outsourcing Companies

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

  

12.Company Profiles

12.1 MEDHOST

12.1.1 Financial

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

12.4 KYRUUS

12.5 UNITED BIOSOURCE LLC

12.6 Optum

12.7 Experian Information Solutions, Inc.

12.8 Genentech USA, Inc.

12.9 TransUnion LLC

12.10 GAFFEY Healthcare

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Step 4: QA/QC Process

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