What is EMR Software Solutions Market?
A digital representation of all the information found in a provider's paper chart: medical history, diagnosis, prescriptions, immunization dates, allergies, lab findings, and doctor's notes. As the healthcare business moves toward digitization, electronic medical record (EMR) systems are becoming more common. Many government initiatives, including as encouraging physicians to use electronic health records, investing in training healthcare information technology professionals, and building regional extension centers to provide technical and other help, are fueling the expansion of the EMR market. Patient charts, e-prescriptions, lab orders, and billing are all managed by this EMR solution. Aside from that, the software has capabilities like alerts and reminders, amend encounters, appointment management, billing and invoicing, and so on.
Highlights from EMR Software Solutions Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cerner (United States), Practice fusion (United States), McKesson (United States), Eclinicalworks, LLC (United States), Allscripts (United States), Athena Health (United States), Athena Health (United States), Kareo (United States), Next gen (United States) and E-Mds, Inc. (United States) |
CAGR | 8.1% |
Electronic medical records are a highly competitive market. Major players in the global electronic health records market are aggressively pursuing the development of a new platform for patient records. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global EMR Software Solutions market throughout the forecasted period.
Cerner (United States), Practice fusion (United States), McKesson (United States), Eclinicalworks, LLC (United States), Allscripts (United States), Athena Health (United States), Athena Health (United States), Kareo (United States), Next gen (United States) and E-Mds, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cure MD (United States) and iPatient Care (United States). EMR Software Solutions Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Computerised physician order entry, Laboratory systems, Clinical documentation, Decision support and Others |
Features | Scheduling,Billing,Authorisation,Registration,Screening tools,Others |
Deployment | Cloud,On premise |
Operating systems | Android,IOS,Windows,Mac |
On the basis of geography, the market of EMR Software Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Electronic Health Care Systems
Market Growth Drivers:
Benefits Such as Safeguarding the Information and Improvement on Service Provided and Easy Access to New as Well as Past Test Results of the Patient
Challenges:
Limitations to Inter operability may hamper the Market Growth, Issues Related to System Security and Lack of Skilled Resources for Implementation Electronic Health System
Restraints:
Adoption of Electronic Medical Record Leads to High Costs and Medical Errors Caused by EMR
Opportunities:
Encouragement by Governments for Digitisation of Medical Records and Increasing Size of Medical Records are Becoming Difficult to Manage Manually
Key Target Audience
Manufacturers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
Oct. 26, 2021, Cerner Corporation, a global healthcare technology company, announces the launch of a new operating unit, Cerner EnvizaSM, that offers data-driven solutions and research services to help bring clarity to multi-dimensional data through real-world evidence and insights. The combined expertise of the Cerner and Kantar Health teams is expected to help accelerate discovery, development, and deployment of therapies and advance clinical research and the life sciences industry to improve everyday health. and March 2021, SimboAlpha, Simbo.ai's cloud-based API (Application Programming Interface) technological platform, was introduced. It enables EMR providers, health app providers, and hospital chains to give smart voice-based EMR to their physicians.
June 09, 2020 athenahealth, Inc., a leading provider of network-enabled software and services for medical groups and health systems nationwide, today unveiled athenaTelehealth, a new embedded offering that empowers healthcare providers to seamlessly conduct telemedicine visits with their patients. and Oct. 1, 2019, Northwell Health, New York State’s largest health system, and Allscripts has announced an innovative agreement to create the next-generation electronic health record (EHR). The cloud-based, voice-enabled, artificial intelligence-based EHR will be designed and tested using input from Northwell clinicians, information technology experts, and administrators with the goal of ultimately deploying it systemwide.
According to Health affairs, federal government took steps to ensure that the electronic systems strong secure and communicate with each other. It must confirm to strict technical standards.