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

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.


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SOURCE Frost & Sullivan
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