Patient Access Solutions Market Trends Size Share Analysis Forecast 2027 – TMR
Global Patient Access Solutions Market: Overview
Patient access solutions comprise services and software programs that assist healthcare facilities to strike a balance between minimization of claims rejection and lessening of operational costs. These solutions find abundant use in management of medical denials and necessity, facilitating smooth and efficient processing of patients’ claim processing, and verification of the eligibility of the insurance cover of a patient.
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The global patient access solutions market is likely to be fuelled by the growing regulatory compliances that support these solutions. The key factors that support growth of the global patient access solutions market are increased demand for health insurance, expanding pool of patients, reducing reimbursements, and realization of the importance of denial management.
Software, service, end user, and region are the parameters based on which the global patient access solutions market has been classified.
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Global Patient Access Solutions Market: Notable Developments
One of the developments that characterize the changing course of the global patient access solutions market is as mentioned below:
- In 2017, a leading provider of practice management and healthcare technology, Allscripts Healthcare Solutions, Inc. successfully acquired Enterprise Information Solutions (EIS) business of McKesson Corporation. It comprises the health system and hospital IT businesses of McKesson Corporation. This strategic acquisition is expected to expand the client base of Allscripts in the U.S. and diversify and expand its solutions portfolio.
A few of the reputed organizations functioning in the global patient access solutions market are as mentioned below:
- Allscripts Healthcare Solutions, Inc.
- Conifer Health Solutions, LLC.
- Epic Systems Corporation
- Mckesson Corporation
- Genentech USA, Inc.
- Takeda Pharmaceutical Company Limited
Global Patient Access Solutions Market: Key Trends
The following drivers, opportunities, restraints are expected to determine future course of the global patient access solutions market over the forecast period, from 2019 to 2027.
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Increasing Number of Claims Denials to Accentuate its Demand in the Market
Patient access solutions make use of various components like services, hardware, and software to offer various IT solutions for the healthcare sector. Clinics, hospitals, doctors and other healthcare professionals make extensive use of these solutions. The global patient access solutions market is likely to gather momentum from the presence of regulatory compliances and government directives that support the growth of the global patient access solutions market in years to come.
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In addition, the growing need to curtail healthcare related expenditure, wide applications in insurance denial management, and lesser number of reimbursements in the healthcare sector are opening up avenues for the global patient access solutions market. Furthermore, patient access solutions lessen documentation errors pertaining to medical necessity. It also streamlines the workflow of the front-end staff with the help of automated tracking, which is likely to boost the market in years to come.
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