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Market Research Report

Worldwide Physician Office Financial Systems Market Strategies, Market Shares, and Market Forecasts, 2006-2013

Published by WinterGreen Research, Inc. Contact us : +1-860-674-8796
Published 2007/09 Content info 552 PAGES - 147 Tables and Figures
Product code WG56696
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Description TOC

Abstract

Information systems provide analysis specifically targeted to large group practices. Software for practice analysis is targeted to large group practices as these are the most in need of automation and achieve the most benefit from that. These environments have 25 clinicians. Practice analysis is an integrated data support system. It provides data reporting tools to effectively manage the financial and business aspects of the practice.

Gaining a real-time view into relevant practice information gives physicians, managers and administrators the information they need to make better decisions regarding both patient care and profitability. Dashboards are emerging that provide business process management tools.

Physician information systems are used to shape flexible business systems. Integration is the fundamental layer of IT infrastructure, providing connectivity across applications and across platforms. Physician information software license markets are growing as the Internet dominates e-commerce channel adoption. Supply chain automation is a market driving force. Integration of applications by the medical services industry has not been dented.

Efficient process consolidation is supported by systems. Software solutions are used to support software developed in-house to enable the rapid construction of Web portals and other Web-based systems. Typical implementations are related to systems running on a mixed group of servers, under different operating systems.

Medical practices businesses today face a serious and widening information "Integration Gap" between system integration demands and their ability to meet these demands. Hand coding is less expensive than packaged integrations software in the short term.

Packaged applications efficiently accomplish the basic broker and adapter functions needed for integration. Business processes are automated using eai systems. Further EAI functionality is achieved via extract, transform, and load functions.

Markets at $3.5 billion in 2006 are anticipated to reach $6.22 billion by 2013. Market growth is a function of the benefits of business automation. The efficiencies realized from the automation of manual process are of particular benefit to physicians who tend to be very time constrained.

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