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McKesson Corporation (US), Epic Systems Corporation (US), Cerner Corporation (US), Cognizant Technology Solutions Corporation (US), and Experian plc. (Ireland) are the Leading Players in the Patient Access Solutions Market

The global patient access solutions market is projected to reach USD 1.74 Billion by 2022 from USD 1.21 Billion in 2017, at a CAGR of 7.6%. Rise in healthcare claims denials, growing importance of denial management, and need to curtail escalating healthcare costs are the major factors driving the growth of the patient access solutions market. In addition, the transition of the healthcare insurance industry toward high co-pay health plans is expected to make the front-end revenue cycle very complex in nature which in turn is expected to boost the adoption of patient access solutions among healthcare providers. However, the increase in patient data breaches & loss of confidentiality of patient data, high deployment costs of these solutions, and lack of standard IT infrastructure in many developing countries are hindering the greater adoption of these solutions among healthcare providers.

The global patient access solutions market is fragmented in nature with many local, regional, and global players. However, on the global scenario, the market is led by few big market players such as McKesson (US), Epic Systems (US), Cerner (US), Cognizant (US), and Experian (Ireland). The companies are mainly focusing on alliances, partnerships, collaborations, and agreements.

McKesson dominated the global patient access solutions market in 2016. McKesson operates through two business segments, which cater to the markets in developed as well as developing countries. The company focuses on strategies such as collaborations, agreements, and partnerships to maintain its market presence. McKesson has a significant global footprint in the US, Canada, Australia, Ireland, New Zealand, and Israel, owing to its strong sales and distribution network. In 2016, McKesson (US) and Change Healthcare (US) agreed to create a new healthcare information technology company by merging majority of its McKesson Technology Solutions (MTS) business segment with substantially all of Change Healthcare’s business.

Epic Systems held the second position of the global patient access solutions market in 2016. Epic Systems is one of the largest providers of healthcare IT solutions and sells robust patient access solutions with customization features. According to Forbes, in the US, about 40% of the medical data is stored on an Epic electronic health record (EHR).

Cerner held the third position in the global patient access solutions market in 2016. Cerner operates in four business units, namely, Services, System Sales, Support & Maintenance, and Reimbursed Travel. The company focuses on both organic and inorganic growth strategies such as partnerships & collaborations, acquisitions, and expansions to keep up with its competitors. Cerner offers a broad portfolio of patient access solutions and has a wide geographic presence with distribution channels across the Americas, Europe, Asia Pacific, and the Middle East.

Related Reports:

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

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