Patient Access Solutions Market Size & Revenue Analysis | Optum, Cognizant

The size of the Patient access solutions market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the regions, the global Patient access solutions market was derived.

[207 Pages Report] The global patient access solutions market is projected to reach USD 2.4 billion by 2025 from USD 1.6 billion in 2020, at a CAGR of 8.5%.

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The prominent players operating in this market include Cognizant (US), McKesson Corporation (US), Cerner Corporation (US), Experian (Ireland), 3M (US), Conifer (US), Waystar (US), Epic Systems (US), SSI Group (US), Optum (US), Cirius Group (US), Craneware (US), Allscripts (US), Genentech (Ireland), AccuReg Software (US), Kyruus (US), AccessOne (US), Vee Technologies (India), Exela Technologies (US), QWay Health (US), TransUnion (US), PLEXIS Healthcare Systems (US), HealthAsyst (India), and Virtusa (US). These players adopted partnerships, agreements, and acquisitions to expand their presence in Patient access solutions market.

McKesson

McKesson dominated the global patient access solutions market in 2019. 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. The agreement with Change Healthcare to create a new healthcare information technology company by merging a majority of its McKesson Technology Solutions (MTS) business segment with substantially all of Change Healthcare’s business helped it to strengthen its position in this market.

Recent Developments

  • Cerner signed an agreement to acquire AbleVets.
  • RxCrossroads by McKesson launched AMP: Access for More Patients, a patient support solution.
  • In July 2019, Cognizant and Medidata signed an agreement to develop new solutions for pharmaceuticals
  • Experian Health and Change Healthcare partnered.
  • Optum acquired the healthcare division of The Advisory Board.

Frequently Asked Questions (FAQ):

  1. Which type of product is leading the by product & service type segment?
  2. Which type of delivery mode is leading the market?
  3. Which is the leading end-user segment of Patient access solutions market?
  4. Who are the key players operating in the Patient access solutions market?
  5. Which country is dominating in the Patient access solutions market?

The geographical regions mapped in the report are: 

 North America’s large share in the global market is attributed to factors such as stringent regulations, increasing government support for improving healthcare infrastructure, the need for reducing healthcare costs, increasing volume of claims denials, high number of private healthcare payers and well-established government payers, and the presence of a large number of healthcare IT companies.

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