Abstract
Physician office electronic medical record (EMR) market forecast analysis
indicates that the future of care delivery depends on automation of process.
The ability to quickly get a picture of patient condition depends on
dashboards prepared by the primary care physician that quickly illustrate any
noteworthy conditions that a patient may present.
Efficient automated process implementation is supported by Electronic Medical
Record (EMR). EMR software solutions are used to support software developed
inhouse 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.
Packaged applications efficiently accomplish the basic functions needed for
electronic medical record systems implementation. Business processes are
automated using EMR systems. Further EMR functionality is achieved via
extract, transform, and load functions.
Enterprise electronic medical record (EMR) market forecast analysis indicates
that the future of care delivery depends on automation of process. The ability
to quickly get a picture of patient condition depends on dashboards prepared
by the primary care physician that quickly illustrate any noteworthy
conditions that a patient may present.
The cost for the packaged electronic medical record (EMR) systems for a large
physician office is $195K. The number sold is anticipated to grow. The
replacement cycle is generally six years for these electronic medical record
(EMR) systems packages. Rather than rip and replace, systems tend to be
upgraded to new versions.
Electronic medical record markets are very significant. All facilities and all
medical practices need to move to automated process that replaces manual
handling of written patient records. The top 800 facilities worldwide are
anticipated to spend hundreds of millions of dollars each to implement
electronic patient records. While a lot of that spending will be on
proprietary software, a lot of it will be for packaged software solutions.
The total number of physician office electronic medical record (EMR) systems
is heavily weighted toward the mid range systems as most facilities and
practices consolidate into a size of organization that can afford a team of
computing IT managers dedicated to systems automation. Medical organizations have long
resisted automation of process, but they can no longer sustain that attitude.
Dashboards are used to run businesses, they provide a way to condense
information and highlight trends that need attention. Migration of this
technology to care delivery is anticipated to be rapid because it is
leveraging existing technology from business to make it useful in the health
care delivery arena. The dashboards are useful because they provide a way to
condense a range of different types on information into a visually
presentation.
Dashboards include powerful, real-time analytics to provide comprehensive
visibility across the entire patient profile. With quick access to
up-to-the-minute information, clinicians can make decisions with speed and
confidence. in-memory technology is changing the electronic medical record
market, providing the next generation of speed, flexibility, and ease of use.
Electronic Medical Record Dashboards Make Clinicians More Productive
The advantage is that all of the features of automated electronic medical
record process, none of the limitations of traditional hand written patient
records are implemented as automated dashboard solutions.
With electronic medical record dashboards long, complex, and expensive
software implementations are by passed by a dashboard that combines analytics
and diagnostic images available via a click. Dashboards containing all of the
patients relevant metrics, with data from all of the facility relevant data
sources can be built in 10 days. With electronic medical record dashboards,
solutions can be deployed in days, and users can be trained in minutes.
Electronic medical record (EMR) market forecast analysis indicates that the
future of care delivery depends on automation of process. The ability to
quickly get a picture of patient condition depends on dashboards prepared by
the primary care physician that quickly illustrate any noteworthy conditions
that a patient may present.
Markets at $292 million in 2007 are anticipated to reach $475 million by 2013.
Worldwide physician office electronic medical record (EMR) software markets
will grow substantially as vendors are able to leverage the EMR expertise to
provide competitive advantage from automation of process using IT
infrastructure.
Companies Profiled
Market Leader
- Cerner
- GE
- Eclipsys
- Siemens
Market Participants
- CostFlex Systems
- Epic
- Hyperion Solutions
- Kodak Health Group
- Misys Healthcare Systems
- mTuitive
- SCC Soft Computer
- CPSI
- GE/IDX/Centricity
- iSoft
- Lawson
- Meditech
- QuadraMed
REPORT METHODOLOGY
This is the 318th report in a series of market research reports that provide
forecasts in communications, telecommunications, the internet, computer,
software, telephone equipment, health equipment, and energy. The project
leaders take direct responsibility for writing and preparing each report. They
have significant experience preparing industry studies. Forecasts are based on
primary research and proprietary data bases. Forecasts reflect analysis of the
market trends in the segment and related segments. Unit and dollar shipments
are analyzed through consideration of dollar volume of each market
participation in the segment. Installed base analysis and unit analysis is
based on interviews and an information search. Market share analysis includes
conversations with key customers of products, industry segment leaders,
marketing directors, distributors, leading market participants, opinion
leaders, and companies seeking to develop measurable market share. Over 200 in
depth interviews are conducted for each report with a broad range of key
participants and industry leaders in the market segment. We establish accurate
market forecasts based on economic and market conditions as a base. Use
input/output ratios, flow charts, and other economic methods to quantify data.
Use in-house analysts who meet stringent quality standards. Interviewing key
industry participants, experts and end-users. Our research includes access to
large proprietary databases. Literature search includes analysis of trade
publications, government reports, and corporate literature.
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