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Market Disruption Imminent as Hospitals and Physicians Aggressively Adopt Patient Portal Technology
Date:9/27/2013

e U.S., driven by Stage 2 MU requirements. These requirements are scheduled to begin in October 2013 for hospitals and January 2014 for physicians. Stage 2 MU requires providers to adopt and use technology that allows patients to electronically view, download and transmit electronic copies of their own medical records. Patient portals are the key technology that will help providers meet these requirements. In addition, providers that adopt patient portals will enjoy a competitive advantage as patients increasingly demand convenient, 24/7 access to their financial and clinical data.

"The need to fully engage patients as a member of the care team is fundamentally about encouraging individuals to become more involved with their healthcare, so they will be motivated to make behavioral changes that can positively impact their health status," said Frost & Sullivan Connected Health Principal Analyst Nancy Fabozzi. "That need will only grow as the healthcare system moves towards accountable care and value-based reimbursement. The importance of this movement cannot be underestimated." 

The majority of healthcare providers are primarily adopting patient portals that are built in or added on as a module to their PM or EHR system. This adoption era can be considered "Patient Portal 1.0." However, because the majority of solutions available today are not capable of providing the advanced interoperability and functionality needed to support clinical integration, accountable care and ongoing and sustainable patient engagement, significant disruption is forecasted in the years to come.

"As healthcare reform and transformation advances, providers will seek new ways to engage patients and influence behavior beyond the point of care and will increasingly look to the more advanced solutions that are proven to consistently motivate patient compliance and sustained behavioral change," concluded Fabozzi. "These solutions, which
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SOURCE Frost & Sullivan
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