Navigation Links
The US Market for Electronic Medical Records Will Decline Due to Market Saturation
Date:9/17/2013

TORONTO, Sept. 17, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the market for electronic medical records (EMRs) in the United States saw an initial spike in growth in 2012 due to government incentive funding. Following 2012, however, revenues in this space will decline as a result of market saturation.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

Incentive funding for EMRs was introduced as part of the American Recovery and Reinvestment Act in 2009, leading to rapid adoption of these systems. In addition, many facilities have implemented EMRs in order to avoid Medicare penalties; beginning in 2015, hospitals and physicians that cannot demonstrate meaningful use of EMRs will face reductions in Medicare reimbursement. As a result, a significant portion of EMR adoption in the US will occur by 2015 because facilities will acquire systems prior to the start of Medicare penalties.

"Most large facilities have already adopted these systems because they had the necessary capital and information technology (IT) resources to accommodate EMR implementation early on," said MRG Senior Analyst Mickel Phung. "As a result, most system purchases through 2022 will consist of replacement sales and purchases made by smaller facilities that previously could not afford the systems."

Competitors in this space should therefore target small facilities and physician practices or focus on niche segments, such as specialists. Web-based systems are also a major driver for ambulatory systems among small practices, and this space represents a further opportunity for competitors. Web-based EMRs are ideal for smaller practices with limited IT resources because the systems are hosted and maintained offsite by the vendor. In addition, Web-based EMRs do not require a large initial investment, making these systems more accessible and affordable to small facilities and physician practices.

Current market leaders include Epic Systems, Cerner and Allscripts, which each have a presence in both the acute and ambulatory EMR segments. Epic Systems has been particularly successful due to its reputation for reliability and high implementation success rates, as well as the design of its systems, which are purported to provide seamless functionality across the hospital and practice markets.

Millennium Research Group's US Markets for Electronic Medical Records 2013 report includes unit, installed base, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for acute care EMRs and ambulatory care EMRs in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:




Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Montmed to Launch DiaClin General & Diabetic Skin Care Product Line for Canadian Marketplace
2. Obesity Therapeutics to 2019 - Safety Concerns Hinder Drug Performance Despite Large Market Opportunity
3. Aptel Research Launches Unique Patient-centric Syndicated Report Series That Analyze the Patient Journey for Chronic Diseases in Specialty Markets
4. European Market for Remote Patient Monitoring Applications
5. InspireMD Appoints David Blossom as Vice President of Global Marketing and Strategy
6. Global Markets for Emerging Insulin Drug and Delivery Technologies - Focus on Syringes and Vials
7. Global Markets for Contract Pharmaceutical Manufacturing, Research and Packaging - Focus on Contract Packaging
8. India Analytical Instruments Market Forecast & Opportunities, 2018
9. Frost & Sullivan Lauds Adcock Ingrams Capability to Innovatively Cater to the Dynamic Needs of Emerging Pharmaceuticals Markets
10. Pharmaceutical Marketing Groups Turning to Innovative Tactics and Strategies to Engage Key Customer Groups
11. Generics Market Forecasted to Grow in Southeast Asia
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... ITASCA, Ill. , June 23, 2016  In a startling ... states are failing their residents by lacking a comprehensive, proven plan ... , a definitive ranking of how states are tackling the ... rating to only four states – Kentucky , ... and Vermont . Of the 28 failing states, ...
(Date:6/23/2016)... , June 23, 2016 Bracket , a ... its next generation clinical outcomes platform, Bracket eCOA (SM) ... on June 26 – 30, 2016 in Philadelphia ... electronic Clinical Outcome Assessment product of its kind to fully ... Bracket eCOA 6.0 is a flexible platform for ...
(Date:6/23/2016)... 23, 2016  Guerbet announced today that it has ... Horizon Award . One of 12 suppliers ... for its support of Premier members through exceptional local ... and commitment to lower costs. ... of our outstanding customer service from Premier," says ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer is helping ... fitness app. The fitness app plans to fix the two major problems leading the fitness ... size fits all type program , They don’t eliminate all the reasons people ...
(Date:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June ... , brings up a new, often overlooked aspect of head lice: the parasite’s ability to ... is not a common occurrence, but a necessary one in the event that lice have ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... ... athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as ... City area —Johnson is one of the first doctors to perform the treatment. ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic ... many turn to unhealthy avenues, such as drug or alcohol abuse, as a coping ... released tools for healthy coping following a traumatic event. , Trauma sufferers tend to ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are recognized ... this recognition are considered among the top 2 percent of lawyers practicing within the ... this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, Burt ...
Breaking Medicine News(10 mins):