Report on Patient Access Solutions Market Expanding at 7.6% Growth Rate to 2024 - Dominated by Eligibility Verification, Medical Necessity, Prior-authorization, Denial Management Services and Products

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Patient Access Solutions can increase estimate accuracy, streamline POS collections, and prevent denials down the line so you can focus on your priority - patient. Pushing revenue cycle to point of services. With our single platform approach across clinical and financial systems, we’ve embedded core EDI services like verifying a patient’s address, checking eligibility and benefits and validating medical necessity checks within registration workflow.

Patient access solutions market is expected to reach USD 1.74 Billion by 2022 from an estimated USD 1.14 Billion in 2016, at a CAGR of 7.6%. Regulatory compliance encouraging use of patient access solutions, increasing patient volume & subsequent growth in demand for health insurance, growing importance of denials management, declining reimbursement rates, & need to curtail escalating healthcare costs are major factors driving growth of patient access solutions market.

Target Audience Covered for Patient Access Solutions Market
• Healthcare service providers
• Healthcare service payers/insurance companies
• Patient access solutions software and service providers
• Healthcare IT outsourcing companies
• Clearing houses
• Venture capitalists
• Government bodies
• Business research and consulting firms

In addition, patient access solutions market help to reduce documentation errors related to medical necessity denials & streamlines front-end staff workflow with automated tracking & authorization which in turn is expected to boost adoption of patient access solutions among healthcare providers. However, factors like high deployment costs of these solutions and lack of adequate clinicians with advanced IT skills may hinder adoption of these solutions among healthcare providers.

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Patient access solutions market include software and services that help healthcare organizations to maintain their financial balance by reducing operational costs and minimizing claims rejection. These solutions are used to verify a patient’s insurance coverage eligibility, enable efficient claims processing, and manage medical necessity & denials.

Top players in patient access solutions market are McKesson (US), Epic Systems (US), Cerner (US), Cognizant (US), Experian plc (Ireland), Optum, Inc. (US), Conifer (US), The Advisory Board Company (US), The 3M Company (US), Craneware, Inc. (UK), The SSI Group, LLC (US), ZirMed, Inc. (US), Cirius Group, Inc. (US), and AccuReg Software (US).

More Information “Patient Access Solutions Market by Product & Service (Eligibility Verification, Medical Necessity, Prior-authorization, Denial Management), Delivery Mode (Web & Cloud, On-premise), End User (Providers, Outsourcing Companies) - Global Forecast to 2022” report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1284673 .

Healthcare being the most personal services provided in our society, for safer and appropriate delivery of care to patients and management of patient access solutions activities most providers collect various data points on patient personal information: medication history, disease history and surgical procedures undergone etc.

Reasons to Buy the Report -

Asia Pacific market is comparatively new to patient access solutions; however, this region is expected to register highest growth in coming years. Countries like Japan, Australia, New Zealand, South Korea, & Singapore are expected to provide significant growth opportunities for patient access solutions vendors. The other factors such as Need to maintain regulatory compliance, Increasing Insured patient volume and growing need to reduce healthcare costs are driving the Patient Access Solutions Market.

North America held the largest share of the global patient access solutions market in 2016. On the other hand, the Asia Pacific region is expected to witness the highest CAGR during the forecast period. Countries such as Japan, Australia, New Zealand, South Korea, and Singapore are expected to provide significant growth opportunities for players in the market.

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