The global patient access solution market provides software that assists healthcare providers and payers with verifying a patient's insurance eligibility, determining the exact patient responsibility and managing the entire revenue cycle process. Patient access solutions help in streamlining the registration process, accurately verifying insurance, coding and billing, reducing claim rejections, denials and errors. There is a growing need for health systems to manage complex revenue cycles, claims management and medical necessity checks which is fueling the demand for patient access solutions globally.

The Global Patient Access Solution Market is estimated to be valued at US$ 3.79 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.

Rising healthcare costs have necessitated the need for accurate insurance verification, eligibility checks and financial clearance prior to rendering healthcare services. This is one of the major factors driving the growth of the global patient access solution market.

Key Takeaways
Key players operating in the global patient access solution market are Allscripts Healthcare Solutions, Inc., Cognizant Technology Solutions Corporation, McKesson Corporation, Epic Systems Corporation, Oracle Corporation, Innovaccer Inc., Cognizant Technology Solutions Corporation, Crener Corporation, Conifer Health Solutions, Optum, Inc., Genentech, Inc., Cirius Group, Inc., The SSI Group, Experian plc, Athenahealth, Inc., Edward Lifesciences Corporation, and Getinge AB.

Some of the key opportunities in the Patient Access Solution Market Growth include growing digitalization of healthcare, increasing utilization of cloud-based systems, mobile health apps and AI solutions. Geographically, North America dominates the patient access solution market currently. However, regions such as Asia Pacific and Latin America are expected to offer lucrative growth opportunities owing to improving healthcare infrastructure and growing medical tourism in these regions.

Healthcare providers and insurers are also expanding globally through partnerships, collaborations and acquisitions. For instance, McKesson Corporation acquired RxCrossroads in 2019 to expand its patient access and adherence solutions in Europe. Allscripts also partnered with Change Healthcare to offer end-to-end revenue cycle management solutions. Such strategic moves are helping vendors strengthen their presence across global markets.

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