Transforming Patient Access Solutions Market Outlook-Ken Research The term ‘Patient Access’ is broadly used to define as barriers to healthcare as lack of insurance coverage. High deductable health plans and financial limitations. However, these are traditionally termed as front end operations of revenue cycle. Patient access begins with the first point of contact that begins with initial encounter where the staff confirms patient identity, verify insurance coverage provide estimates of ordered services and more. Healthcare industry is currently focusing on streamlining and improving the performance of patient access as accuracy on the front end has proven to reduce bad debts and denials after the patient is either in process or completed the treatment. Technology is a key factor that allows visibility into insurance benefits and other essential sources of information. Patient access solutions comprise web based platforms that deals with electronic medical verification and claims processing system. This system allows the healthcare providers to manage their patient information, access the information in-house/remotely. This service expands beyond traditional healthcare to home, dental, veterinary and chiropractic industries. HealthCare Industry Research Report reveals that the global patient access solutions market is expected to grow at a CAGR of 7.7% for the period 2018-2022 and reaching approximately USD 2 Billion by the period end.
As patients engage first with the healthcare system, easy access to all the key information is what he or she looks forwards to. With introduction of healthcare reforms, rising patient bad