About Healthcare Workforce Management System
Healthcare Workforce Management System is designed to help healthcare providers to manage their workforce and increase efficiency and productivity among employees to provide efficient healthcare services. These systems enable to quickly match and access the right employee to the right job and allows management to effectively oversee employee operations. The proper management led to quick service in case of emergencies and allows to quickly scheduling and shift swapping workforce. In addition, these systems provide visibility into and/or record and track healthcare workforce activities and information. According to the World Health Organization (WHO), by 2050, the global geriatric population will reach 2 billion. This growth will be majorly in developed countries. This is expected to increase the demand for healthcare professionals and hence, will drive the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The manufacturers of the healthcare workforce management system market continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Infor, Inc. (United States), Oracle Corporation (United States), Kronos, Inc. (United States), SAP SE (Germany), McKesson Corporation (United States), Automatic Data Processing, Inc. (United States), ATOSS Software AG (Germany), Workday, Inc. (United States) and dormakaba Group (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are WorkForce Software, LLC (United States), Ultimate Software (United States), Verint (United States), Red Book Connect LLC (United States), Reflexis Systems, Inc (United States) and NICE Systems Ltd. (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Workforce Management System market by Type (Software {Standalone Software, Integrated Software} and Services {Implementation Services, Support and Maintenance, Optimization Services, Training/Education Services}), Application (Payroll, Staffing and Scheduling, Time and Attendance, Patient Classification and Analytics) and Region.
On the basis of geography, the market of Healthcare Workforce Management System 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). If we see Market by Delivery Mode, the sub-segment i.e. Web-based will boost the Healthcare Workforce Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Healthcare Workforce Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Mobile Platforms for Healthcare Workforce Management Systems
Market Growth Drivers:
Increasing Expenditure On Healthcare Services and Growing Need To Reduce Healthcare Costs Through Effective Management And Utilization Of Healthcare Workforce
Challenges:
High Cost Of Deployment Limits Greater Adoption Of Workforce Management Systems
Restraints:
Data Security Concerns
Opportunities:
Competitiveness to Drive Workforce Optimization in the Healthcare Industry and Growing Demand for Healthcare Professionals in Pandemic Situations
Market Leaders and their expansionary development strategies
In October 2023, LocumTenens.com, part of the Jackson Healthcare family of companies, announced that it has acquired Kimedics, the workforce management platform provider whose solutions streamline workforce operations, improve efficiency, help control cost and enable healthcare organizations to make faster, more informed decisions.
In February 2019, Kronos Incorporated, a leading provider of workforce management and human capital management cloud solutions extended its Workforce Dimensions Technology Partner Network by introducing new healthcare-focused software. This software utilizes the revolutionary Workforce Dimensions solution and intelligent Kronos D5 platform to reshape the future of work for healthcare providers and their employees.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Healthcare Workforce Management System Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.