The global Patient Access Solutions Market is expected to register an approximate CAGR of 7.5% during the forecast period of 2019–2024.
Significant advances in patient access solutions have taken place in the last decades. Technological advancements in terms of accuracy, portability, and affordability have resulted in the increased use of these solutions. The last decade has witnessed manufacturers introducing new generation patient access solutions that link patient’s data and health observations with artificial intelligence to influence medical decisions by clinicians for an improved and accurate diagnosis. Similarly, advanced patient access solutions have seen a positive growth curve as users are opting to upgrade patient access solutions which include premium functions such as treatment planning protocol, patient record management, protocol validation, reasoning based models, and health economics management. These advances have shown growth in the patient access solutions market.
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The global patient access solutions market is segmented on the basis of service, software, delivery mode, end user, and region.
On the basis of service, the global patient access solutions market is segmented into support & maintenance, implementation, training & education. By software, the global patient access solutions market is categorized into eligibility verification software, medical necessity management software, pre-certification & authorization software, claims denial & appeal management software, payment estimation software, medical claims payment processing software, and others. By delivery mode, the market is further sub-segmented into Web & Cloud-based Solutions, On-premise Solutions. By the market is segmented into end user healthcare providers, hospitals & clinics, laboratories & research institutes
On the bases of region, the global patient access solutions market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to hold the largest market share and the Middle East & Africa with a low market share during the forecasted period.
The healthcare sector and its supporting IT infrastructure are going through dramatic changes, all of which impact the claims management process and lead to improving the technology. Many healthcare organizations use robotic process automation, intelligent EDI integration, insurance discovery, and patient solutions all within their workflow platform to dramatically enhance the collection process. The adoption of various software has increased profit.
Infrastructure and technology are continuously evolving in developing regions such as Asia-Pacific. A number of different multinational and local companies are involved in developing their markets in this region owing to the developing economy and increasing government support. An increasing number of healthcare companies have provided a good opportunity for the development of the patient access solutions market.
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Some of the key players in the global patient access solutions market are MEDHOST, nThrive, Inc, PokitDok, Inc, Optum, Experian Information Solutions, Inc., Cerner Corporation, Genentech USA, Inc., TransUnion LLC, KYRUUS, UNITED BIOSOURCE LLC, TeleTracking Technologies, Inc., GAFFEY Healthcare, Stericycle Inc, FormFast, Cardinal Health, SCI Solutions, Inc., Availity, LLC, Takeda Pharmaceutical Company Limited, McKesson, and others.