Navigation Links
U.S. Ambulatory Electronic Health Record Market Presents Significant Opportunities and Risks for Vendors, Finds Frost & Sullivan
Date:8/30/2010

MOUNTAIN VIEW, Calif., Aug. 30 /PRNewswire/ -- The rate of electronic health record (EHR) adoption among U.S. physicians expects to increase over the next two to five years due to a combination of changes caused by healthcare reform. Financial subsidies provided by the U.S. government's HITECH program have also boosted the prospects of this market.

(Logo:  http://photos.prnewswire.com/prnh/20081117/FSLOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

New analysis from Frost & Sullivan (http://www.healthcareit.frost.com), U.S. Ambulatory EHR Market, finds the market earned revenues of $1.3 billion in 2009 and estimates this to reach $2.6 billion in 2012.

If you are interested in more information on this study, please send an e-mail to Johanna Haynes, Corporate Communications, at johanna.haynes@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

"Today, many public and private stakeholders are committed to harnessing the power of information technology to improve the quality and efficiency of our healthcare system," states Frost & Sullivan Senior Industry Analyst Nancy Fabozzi. "We are finally seeing providers make the transition from siloed paper charts to interoperable electronic health records."

Growing complexities in managing the reimbursement process with both government and commercial payers who reward quality over quantity in the care provided will increase the use of EHRs and related solutions for physicians and other clinicians.

Over the past year, HITECH has significantly increased public awareness around the issue of EHRs. In addition to direct payments to physicians and hospitals for the "meaningful use" of EHRs, HITECH will indirectly stimulate the market by enticing additional stakeholders like commercial payers, professional medical societies, healthcare manufacturers, and various nonprofit organizations to help physicians and other providers successfully adopt information technology in their practices.

Revenues expect to fluctuate considerably over the next five to seven years, resulting in significant year-over-year shifts.  This fluctuation happens as  the market matures and increased competition comes into play, causing a decrease in pricing.

Strategic partnering with a variety of stakeholders is important for survival in this market as consolidation on both the vendor and provider side increases. Innovative, provider-focused, and patient-centric technology companies that understand how to manage this industry's unique combination of risks and rewards will achieve business progression.

"Branding and outreach must extend beyond physicians to include non-physician healthcare providers, as well as healthcare consumers," notes Fabozzi. "Both should be directly engaged as advocates for the use of health information technology; patients need to understand the role EHRs play in driving quality improvements and care coordination among all of their (physician and non-physician) providers."

U.S. Ambulatory EHR Market is part of the Healthcare & Life Sciences IT Growth Partnership Service program, which also includes research in the following markets: data and storage management, emerging wireless technologies, acute care information systems, CPOE, enterprise clinical information systems, claims management through IT, RFID in healthcare, and health information exchange. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & SullivanFrost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.U.S. Ambulatory EHR MarketN7E7Contact:Johanna HaynesCorporate Communications – North AmericaP: 210.247.3870F: 210.348.1003E: johanna.haynes@frost.comhttp://www.frost.com
'/>"/>

SOURCE Frost & Sullivan
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. NicOx Completes Enrollment of Two Ambulatory Blood Pressure Measurement (ABPM) Studies for Naproxcinod in Hypertensive OA Patients
2. PTC Therapeutics Announces Data Showing Six-Minute Walk Test Consistently Measures Ambulatory Function in Patients With Duchenne Muscular Dystrophy
3. New Data Shows AZOR(R) (amlodipine and olmesartan medoxomil) Significantly Improves 24-Hour Ambulatory Blood Pressure
4. Reportlinker Adds Ambulatory and Bathroom Aids - A Worldwide Market Review
5. Shared Imaging Earns The Joint Commissions Accreditation for Ambulatory Health Care
6. Siemens and NextGen Healthcare Renew Alliance To Deliver Ambulatory IT Solutions
7. Burton Medical Introduces the AIM-200(R) as a Versatile, Long-Lasting Light Source for Ambulatory Surgical Centers
8. Diplomat Specialty Pharmacy Develops and Launches Best-In-Class Electronic Navigator (eNAV(TM)) Patient Care System
9. BioElectronics Announces Major Clinical Trials
10. BioElectronics Announces Profitability Breakeven and Additional Clinical Trials
11. First Breast Cancer Patient Receives Treatment in National Electronic Brachytherapy Registry Launched by Three Physician Societies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/12/2017)... , Sept. 12, 2017   EcoVadis , the leading platform ... published the first annual edition of its Global CSR Risk and Performance ... evaluated by EcoVadis, based on Scorecard Ratings that analyzed nearly 800,000 data ... ... ...
(Date:9/12/2017)... Sept. 12, 2017  ValGenesis Inc., the global ... is pleased to announce the appointment of Dr. ... its Board of Directors and Chairman of Advisory ... life science companies to manage their entire validation ... paper in this process. Furthermore, ValGenesis VLMS enables ...
(Date:9/9/2017)... 8, 2017 Dealmed Medical Supplies, ... medical equipment, supplies, drugs, vaccines, and specialty medical products ... an agreement to acquire Vantage Medical Supplies, a major ... Holtsville, New York . ... and emerging medical practices, will operate under the Dealmed ...
Breaking Medicine Technology:
(Date:10/12/2017)... ... 2017 , ... The American College of Medical Informatics (ACMI) will present the ... Opening Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium ... a pioneer in the field of medical informatics, this prestigious award is presented to ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. Parsa ... contributed a medical article to the newly revamped Cosmetic Town journal ... the hair transplant procedure known as Follicular Unit Extraction (FUE). , ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... On ... holding a treadmill relay – Miles by Moonlight to raise money for the American ... $300 or more. , Teams will work together to keep their treadmills moving ...
(Date:10/12/2017)... ... October 12, 2017 , ... In the United States, single-family ... some states—like New York, New Jersey, Massachusetts, Texas, Virginia, Connecticut, and California—the average ... extremely low property-tax rates, which contributes to the relatively lower cost of living ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... content management, presents its enhanced Pepper Flow promotional review platform at the ... Pepper Flow’s increased insight-driven capabilities help marketers streamline the medical, legal, and ...
Breaking Medicine News(10 mins):