pricing trend for patient portal

by Helga Bartell Published 3 years ago Updated 2 years ago 3 min read

Patient Portal Market | 2022 - 27 - Mordor Intelligence

5 hours ago Market Overview. The patient portal market was valued at USD 2,608.5 million in 2020, and it is expected to reach USD 5,980.5 million by 2026, registering a CAGR of 14.83% during the forecast period. As COVID-19 march the globe the need for data sharing across various platforms and with patients has become essential. >> Go To The Portal

The patient portal market was valued at USD 2,608.5 million in 2020, and it is expected to reach USD 5,980.5 million by 2026, registering a CAGR of 14.83% during the forecast period. As COVID-19 march the globe the need for data sharing across various platforms and with patients has become essential.

Full Answer

Why is the patient portal market on the rise?

The patient portal market has been growing owing to the increasing adoption of the patient-centric approach by healthcare payers and increasing demand for EHR in the market.

What is the forecast period of patient portal market research report?

Who are the key market players in the patient portal market?

Some of the key market players in the patient portal market are Allscripts Healthcare Solutions, athenahealth, Inc., Cerner Corporation, Epic System Company, McKesson Corporation, GE Healthcare, Medfusion, and CureMD.

What are the features of a healthcare portal?

These portals offer features such as email marketing, online appointment scheduling, patient education tools, and social media integration. Furthermore, market players now offer mobile applications for convenient appointment scheduling and checking reports online.

Are patient portals expensive?

Holmes estimates portal costs in the range of $30-$40 per provider per month, on average. Some vendors charge a fee per patient per month. Partly to compensate for this extra cost, some practices charge patients for viewing their own records on the portal.Apr 29, 2015

Do patient portals save money?

Experts say patient portals can offer financial benefits that improve collections, reduce staff workload and better engage patients. Solutions like the CareCloud patient portal are saving practice managers big bucks.May 2, 2016

What percentage of patients use patient portals?

Nearly 40 percent of individuals nationwide accessed a patient portal in 2020 – this represents a 13 percentage point increase since 2014.Sep 21, 2021

What are the disadvantages of patient portals?

Even though they should improve communication, there are also disadvantages to patient portals.
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Table of Contents

Getting Patients to Opt-In.
Security Concerns.
User Confusion.
Alienation and Health Disparities.
Extra Work for the Provider.
Conclusion.

Nov 11, 2021

What is the advantage for a patient to using the patient portal?

The Benefits of a Patient Portal

You can access all of your personal health information from all of your providers in one place. If you have a team of providers, or see specialists regularly, they can all post results and reminders in a portal. Providers can see what other treatments and advice you are getting.Aug 13, 2020

What are the benefits of a patient portal?

What are the benefits of patient portals?

Patient portals are efficient. ...
Patient portals improve communication. ...
They store health information in one place. ...
Patient portals satisfy meaningful use standards. ...
They improve data accuracy. ...
Patient portals make refilling prescriptions easy. ...
They're available whenever you need them.

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Jul 15, 2019

What are the top pros and cons of adopting patient portals?

What are the Top Pros and Cons of Adopting Patient Portals?

Pro: Better communication with chronically ill patients.
Con: Healthcare data security concerns.
Pro: More complete and accurate patient information.
Con: Difficult patient buy-in.
Pro: Increased patient ownership of their own care.

Feb 17, 2016

Do patients like patient portals?

Eight studies reported that patients or their caregivers want more portal education, training, or support. Two studies found that their participants want human connection as they learn about the portal and how to use it, as well as when they encounter issues.Jan 25, 2021

What is a reason for providers to be reluctant to use a patient portal?

The reason why most patients do not want to use their patient portal is because they see no value in it, they are just not interested. The portals do not properly incentivize the patient either intellectually (providing enough data to prove useful) or financially.

What should be in a patient portal?

A robust patient portal should include the following features:

Clinical summaries.
Secure (HIPAA-compliant) messaging.
Online bill pay.
New patient registration.
Ability to update demographic information.
Prescription renewals and contact lens ordering.
Appointment requests.
Appointment reminders.

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What safeguards are included in patient portals?

Patient portals have privacy and security safeguards in place to protect your health information. To make sure that your private health information is safe from unauthorized access, patient portals are hosted on a secure connection and accessed via an encrypted, password-protected logon.

Can patient portals be hacked?

Unfortunately, what makes your patient portal valuable for patients is exactly what makes it attractive to cybercriminals. It's a one-stop shop for entire health records, and identity thieves can make a fast buck from stealing this data and selling it on.

What is the study period of this market?

The Global Patient Portal Market market is studied from 2018 - 2026. Read More

What is the growth rate of Global Patient Portal Market?

The Global Patient Portal Market is growing at a CAGR of 14.83% over the next 5 years. Read More

What is Global Patient Portal Market size in 2018?

The Global Patient Portal Market is valued at 2608 Million USD in 2018. Read More

What is Global Patient Portal Market size in 2026?

The Global Patient Portal Market is valued at 5980 Million USD in 2026. Read More

Which region has highest growth rate in Global Patient Portal Market?

Asia Pacific is growing at the highest CAGR over 2021- 2026. Read More

Which region has largest share in Global Patient Portal Market?

North America holds highest share in 2021. Read More

Who are the key players in Global Patient Portal Market?

Allscripts Healthcare Solutions Inc., McKesson Corporation, CureMD Healthcare, Athenahealth, Inc., Cerner Corporation are the major companies opera...

Industry Trends

Patient Portal Market size exceeded USD 3.1 billion in 2020 and is anticipated to grow at a CAGR of over 14.1% between 2021 and 2027. Growing adoption of patient-focused models in healthcare settings by healthcare providers and payers is stimulating the market growth.

Rising penetration of EHR solutions will amplify the patient portal market revenue

The increasing penetration of EHRs solutions by healthcare providers assists patients to access and monitor their medical information & increase patient participation in managing their healthcare. Growing usage of these services by federal, non-federal hospitals as well as individual physicians, thereby promotes the market potential.

Advantages of integrated portals such as efficiency, multiple functionality and cost-effective solutions to expedite the market demand

The integrated portals segment in the patient portal market was valued at more than USD 2.08 billion in 2020 led by the ability of integrated portals to offer one-stop solutions that aid in fuelling efficiency, multiple functionality and cost-effective solutions.

Reduced preliminary expenses and high preference among independent medical practitioners will augment the cloud-based patient portal services

The patient portal market for cloud-based segment is expected to showcase 14.5% growth rate through 2027 impelled by the high preference & rising acceptance of EHR systems by small scale users, affordable pricing, and improving data safety measures for cloud-based portal services.

Growing usage of patient portal services by healthcare providers segment to soar the industry revenue

The healthcare providers segment crossed USD 1.44 billion by 2027 owing to the high penetration of EHR services including patient portals in the healthcare facilities.

Favorable government policies coupled with advanced technological infrastructure in North America will prove conducive for the industry progression

U.S. patient portal market is predicted to reach over USD 3.36 billion by 2027 on account of the incentivized government policies for EHR system developers and adopters, technological advancements, successful incorporation of IT technologies and high acceptance for advanced technologies in the country.

Strategies adopted by prominent players are estimated to facilitate the business growth

Some of the major companies operating in the market are Allscripts Healthcare Solutions, Inc., McKesson Corporation, Cerner Corporation, GE Healthcare, NextGen Healthcare Information Systems, LLC, Epic Systems Corporation, Inc., and Greenway Health, LLC.

What is Carepaths EHR?

CarePaths EHR is an online (ASP), integrated electronic medical record (EMR) and practice management (PM) system. It is designed for psychiatry, psychology, mental and behavioral health, and social services. Some of the CarePaths'... Read more

What is referral MD?

ReferralMD is a cloud-based fax management software designed to help the healthcare industry manage inbound and outbound faxes from a unified platform . Key features include task assignment, categorization, fax routing and notifica... Read more

What is the global patient portal market?

The global patient portal market size was valued at USD 1.9 billion in 2018 and is expected to grow at a CAGR of 17.6% over the forecast period. The rising number of healthcare facilities adopting the patient portals are contributing to market growth. Also, increasing demand for Electronic Health Record (EHR) and mandatory federal norms are responsible for the increased usage of patient portals.

What is integrated patient portal?

Integrated patient portals dominated the type segment in terms of revenue share in 2018. About the increasing adoption of EHRs, pre-integrated patient portals are preferred by healthcare professionals. Integrated portals eliminate the need to develop a separate customized system to bridge the gap between physician requirements and patient information.

What is patient portal?

In a nutshell, a patient portal is the user-facing component of an electronic health record (EHR) solution, which is intended to simplify patients’ access to medical data — i. e., physician notes, laboratory results, billing information, — and drive patient participation.

What is the educational section of a patient portal?

Designed to replace printed supplementary materials promoting healthy habits and effective chronic condition management, the educational section of a patient portal allows physicians to develop personalized outreach campaigns and unlock the value of technology-assisted population health management.

What is eBilling payment?

Leveraged through secure third-party payment gateways, such as Stripe or PayPal, the eBilling feature enables care providers to seek reimbursements in a transparent way, split expenses between insurance companies and individuals and allow patients to pay bills online.

What is the importance of integration with electronic health records?

Often regarded as the cornerstone of patient portal development, the integration with electronic health records ensures online access to medical information, including after-visit summaries, laboratory test results, medical images and clinical notes. Optionally, healthcare providers may take a step towards a deeper integration with hospital software and allow patients to self-manage the information regarding medication intake, allergies and immunization and upload files, which would be automatically added to their personal health records.

What is a live chat in a hospital?

Besides real-time communication with hospital team and other specialists involved in care delivery, a live chat with file sharing capabilities can facilitate remote diagnosis and consultations for patients with both minor issues and chronic conditions.

What is appointment scheduling?

An appointment scheduler should feature a built-in notification system to alert patients on upcoming meetings via SMS and email and provide the options to fill out pre-visit forms and request referrals. The desirable functionality of an appointment scheduling module also includes the ability to set consultations with more than one physician using a convenient drop-down menu.

What are the factors that drive the Patient Portal industry?

The major factors that are anticipated to drive the Patient Portal industry include adoption of the patient-centric approach, increasing demand for electronic health records (EHR), and expanding aging population increase the rate of chronic diseases.

Is AllScripts a partner of XRHealth?

Sep-2019: AllScripts came into partnership with XRHealth, a leader in extended reality and therapeut ic applications. In this partnership, XRHealth will provide an integrated AR/VR platform, leveraging AllScripts Open APIS. This partnership offers a platform to the doctors in which they can view all the critical information of the patients.

What is a patient portal?

A patient portal is an online website that helps to maintain all data of patients. Patients, medical practitioners, and pharmacists have access to this portal at any time and place. This helps the patient to interact with the health care provider. Basic information available on the patient portal includes information about recent doctor visits, patient history, chronic diseases, discharge summaries, current medications, chronic disease medication, vaccines information, allergies, and laboratory test reports. Some patient portals have value-added service such as exchange patient information with health care teams, schedule appointments with physician, request to refill prescription, check benefits and coverage under various insurance providers, update personal information, make payments, order products, download and complete forms, and view educational and disease awareness materials.

What are the insights of TMR?

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.