McKesson Corporation (US) and Optum, Inc. (US) are Leading Players in the Patient Access /Front-end RCM Solutions Market
The global patient access solutions market is projected to reach USD 2.9 billion by 2027 from an estimated USD 1.9 billion in 2022, at a CAGR of 8.9% during the forecast period. Growth in this market is driven by the increasing patient volume and subsequent growth in the demand for health insurance, an increase in the volume of unstructured data in the healthcare industry, and the rising need to curtail escalating healthcare costs. However, high deployment costs are expected to restrain the growth of this market to a certain extent.
The global patient access solutions market is consolidated with the presence of few regional and global players like Cognizant (US), McKesson Corporation (US), Cerner Corporation (US), Experian Plc (Ireland), 3M (US), Conifer Health Solutions (US), Waystar (US), Epic Systems Corporation (US), The SSI Group, LLC (US), , Cirius Group, Inc. (US), Craneware, Inc. (Scotland), Allscripts Healthcare Solutions, Inc. (US), Genentech, Inc. (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their presence in the global market.
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McKesson Corporation (US) dominated the global patient access solutions market in 2021. The company operates its business through four reportable segments, namely, US Pharmaceutical, Medical-Surgical Solutions, Prescription Technology Solutions, and International. Patient access solutions are offered under the US Pharmaceutical segment. The segment also provides software, automation, business, and consulting services to hospitals, physician offices, imaging centers, and home healthcare settings. In addition to technological solutions, the company provides business consultation, technology implementation and integration, as well as training and education services. The company has a strong presence in the US, followed by Canada, Germany, the UK, and Ireland.
Optum, Inc. (US) was the second-largest player in the patient access solutions market in 2021. The company provides solutions to healthcare payers, providers, employers, as well as government and life sciences companies. The company primarily operates through three business segments, namely, OptumHealth, OptumInsight, and OptumRx. The OptumHealth segment is involved in care delivery, care management, wellness and consumer engagement, as well as health financial services, such as patient access solutions. The OptumInsight segment provides software and information products, advisory consulting services, and business process outsourcing services to organizations in the healthcare industry. OptumRx provides solutions and services for the pharmacy sector. Optum has more than 150 offices worldwide with a prominent presence in the US, Australia, the UK, Canada, Brazil, Singapore, and India..
Related Reports:
Patient Access /Front-end RCM Solutions Market by Product & Service (Training, Education, Medical Necessity, Pre-certification), Delivery Mode (Web & Cloud, On premise), End User (Providers, Healthcare BPO Service Providers) - Global Forecast to 2027
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