Tuesday, March 5, 2024

Redefining Patient Experience: Harnessing the Potential of Next-Generation Portals

Patient Portal Market Overview:

The patient portal market is expected to cross USD 3.1 billion by 2032 at a CAGR of 16.40% during the forecast period 2023-2032. The online patient portal market has experienced significant growth in recent years, driven by the increasing demand for convenient and accessible healthcare services. These portals serve as digital gateways that allow patients to securely access their medical records, schedule appointments, communicate with healthcare providers, and even pay bills online. With the rising adoption of digital health solutions and the shift towards patient-centric care, healthcare providers are increasingly investing in online patient portals to enhance patient engagement and improve overall healthcare outcomes. These portals not only empower patients by giving them greater control over their health information but also streamline administrative tasks for healthcare providers, leading to improved efficiency and reduced costs.

Furthermore, the integration of advanced features such as telemedicine capabilities and mobile access has further expanded the functionalities of patient portals market size, making them indispensable tools in modern healthcare delivery. As healthcare continues to evolve towards a more digital landscape, the online patient portal market is poised for continued growth, with opportunities for innovation and customization to meet the diverse needs of patients and healthcare providers alike. Embracing these technological advancements not only improves the patient experience but also strengthens the provider-patient relationship, ultimately leading to better healthcare outcomes and increased patient satisfaction.

Segmentation

The global medical patient portal has been segmented based on type, delivery mode, and end user.

  • The market based on type has been bifurcated into standalone patient portals and integrated patient portals. The integrated patient portals segment is likely to hold maximum market share in the global patient portal market owing to capability to integrate on existing EHRs and EMRs.
  • The patient portal market based on delivery mode has been bifurcated into web-based and cloud-based delivery. The web-based delivery segment is likely to hold the largest share in the market due to large number of healthcare providers being accustomed to integrated web-based patient portals.
  • The patient portal market based on end user has been segmented into providers, payers, pharmacies and others. Providers include hospitals, ambulatory care centers, home healthcare agencies, nursing homes, diagnostic & imaging centers, and physicians. The others segment comprises of employer groups and government bodies. The providers’ segment is likely to hold the largest share in the market due to large number of healthcare providers adopting to healthcare technologies for better practice management

Key Players

The global patient portal companies are

  • Allscripts Healthcare Solutions, Inc. (US),
  • McKesson Corporation (US),
  • Athenahealth (US),
  • Cerner Corporation (US),
  • eClinicalWorks (US),
  • CureMD (US),
  • NextGen Healthcare Information Systems, LLC (US),
  • Greenway Health, LLC (US),
  • Medfusion (US),
  • Epic Corporation Inc. (China),
  • GE Healthcare (US)

Patient Portal Market Value

Medical app developers are now concentrating on cloud-based patient portals because of their large storage capacity. These cloud-based portals are accessible from any corner of the world with Internet connectivity; all information stored on sector servers can be evaluated anytime. This minimizes maintenance costs for the end-user. This type of patient portals offers better integration and inexpensive installation to add new physicians, patients, and location information.

Industry News

  • With a fast-paced lifestyle, it has become possible to access medical information at your fingertips for patients and their affected physicians. Patients can now take advice and order prescriptions while virtually collecting their medical data. Thus, this modern medical technology has enabled end users to have power over their recovery journey and be safe with all their healthcare details.            

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