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Healthcare IT Market by (Application, Delivery Mode & Component) Worth $56.7 Billion by 2017 - New Report by MarketsandMarkets
Date:8/30/2013

encies, and payers. It also offers interactive connectivity services that streamline clinical, financial, and administrative communication between patients, providers, payers, pharmacies, and financial institutions. This improves patient safety, reduces cost and variability of care, develops healthcare efficiency, and manages revenue better. The payer division of McKesson comprises of products such as InterQual clinical criteria solution, medical management tools, claims payment solutions, network performance tools, and care management programs. Thus, a broad product portfolio enables the company to gain a competitive advantage over other players in the market. In addition, the company has been focusing on research and development of new products, mainly for the technology solutions segment; the company spent $440 million on R&D in 2012. The company strives to grow in the market through new product launch, and acquisitions and strategic alliances. During 2012 to 2010, the company launched seven new products in the market, which further fortified its foothold in the global healthcare IT market.

Cerner Corporation (U.S.), another major player, has the capability to provide stiff competition to McKesson Corporation (U.S.). The company has been present in the market since 1980, and is involved in delivering healthcare information technology solutions, services, devices, and hardware. Under its software segment, the major products offered are Cerner Millennium Architecture, Healthe Intent platform, and ambulatory EHR. The company strengthens its position in the market by investing in research and development to design new effective and efficient solution as well as by expanding its footprint of existing clients by offering a broad range of services and core solutions. During 2010-2012, it undertook four acquisitions to gain a competitive advantage: Purewellness (U.S.), Anasazi Software (U.S.), Clairvia (U.S.), and Resource Systems (U.S.).

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