By the end of 2025, Europe and the Asia Pacific are projected to rule the global infusion therapy market. As favorable medical reimbursement policies in most countries in Europe, high clinical R&D budgets, medical advancement and a large base of pharmaceutical and biotechnology companies have contributed to the large share of these regions.
With the rapid technological advancements along with several other non-site-specific delivery methodologies with prompter recovery, high efficacy, specificity, and easy monitoring the infusion service market size is here to observe more evolution. With the advantage of at-home care settings due to the advancements in drug delivery devices also contributed to the infusion service market growth. In fact, Chemotherapy and inotropic therapy segments contributing to the major growth in the infusion services are expected to account for the major share of the global infusion therapy market by the end of 2025.
The chemotherapy infusion pumps itself in the market generated over $28.1 million in 2017 and is projected to grow at a CAGR of 9% during the forecast period, with a larger volume, infusion pumps control the market with a share of more than 35% itself.
However, according to the WHO, at present, all the aforementioned diseases account for 60% of total deaths and 43% of the disease burden in the U.S, creating the need to infuse nutritional products and its proper billing prior authorization solution.
Even with such favorable government policies and regulations, the huge demand and growth in the infusion service face a lot of problems when it does not have the right operational extension support for its prior authorization for infusion services.
However, worry no more when PriorAuth Online is here.
PriorAuth Online key to all prior authorization process for infusion services:
Powered by Sunknowledge Services Inc, PriorAuth Online is an authorization platform that only focuses on closing for prior authorization gaps for infusion service faster and effectively, reducing the overall operational cost by 80%. Ensuring a 100% prior authorization submission for infusion services and 99.9% accuracy rate, PriorAuth Online has excellent industry credentials.
In fact, ensuring a successful prior authorization for infusion services PriorAuth Online experts:
- Gather vital information on medical procedure, patient, and provider
- Verify and validate prior auth request with effective payer side communication
- Check patient’s eligibility
- Initiate auth request based on the payer mandates
- checking auth status
- Collating relevant documents from the ordering physicians/follow up
- Providing additional information if any
- update the auth outcome in the PM/Billing system
Understanding the prior authorization challenges for infusion services faces, PriorAuth Online experts are here to help with all the complex authorization process.
