Electronic medical record or EMR software is a
computer system which helps healthcare providers to manage patient medical or
health records and automate clinical workflows. It allows providers to generate
reports on practice efficiency & compliance with government programs, Sync
information with practice management & billing systems and communicate with
patients & staff. It represents a huge improvement over the paper-based
methods of past, and open the door to an innovative world of functionality for
healthcare providers.
The key advantages are included increased
revenues, save time, reduced medical errors, reduced expenses, enhanced
security, improved documentation & accuracy, reduced malpractice costs,
better access to medical information, receive federal/state incentives and
improve quality of care. Apart from this, few of the disadvantages are included
resources issues (training and re-training), financial matters, resistance by
potential users, technical matters (ease of use, functionality, uncertain quality
and lack of integration) and others.
According to study, “Global
EMR (Electronic Medical Record) Software Market Size study, by Type
(Cloud-Based EMR Software, Web-Based EMR Software), by Application (Hospitals,
Physician Offices, Others), and Regional Forecasts 2018-2025” the key companies
operating in the global EMR software market are GE Healthcare, Genesis
Chiropractic Software & Billing, Nuemd, HealthFusion, Greenway Medical
Technologies, eClinicalWorks, Practise Fusion, Epic, Athenahealth, AdvancedMD,
iPatientCare, Allscripts, JVS Group, Cerner, Aprima Medical Software, NextGen,
Acrendo Software, InSync, Addison Health Systems, Meditab Software, Harmony
Medical, Epic Systems, ZH Healthcare, Henry Schein, Williams Group,
Medicfusion, Liquid HER. Various key companies offer novel systems &
software for the management of health information. Such these companies have
simplified the complex medical records, hence achieving quality outcomes.
Based on type, EMR software market is
segmented into web based EMR software and cloud-based EMR software. Based on
application, market is segmented into general surgery, cardiology,
gastroenterology, orthopedics, internal medicine, dermatology, pediatrics,
OB-GYN, neurology, pain management and others. In addition, based on end-users,
market is segmented into clinics & nursing homes, hospitals, home health
agencies and others.
The EMR software market is driven by rise in
government initiatives for maintenance of patient health records, followed by
increase in need for integrated healthcare system, growth in technological
advancements, improvement in clinical studies, modernization in the healthcare
management system, rise in adoption of big data in healthcare sector and growth
in technological advancements in the field of data storage. However, high
initial investments, data privacy concerns and shortage of proper trained staff
may impact the market.
Based on geography, the North-American region
holds a leading position in the EMR software market followed by European region
owing to growth in demand for paperless environment to minimize human error and
rise in portability & accessibility of medical document management systems
in the region. The Asian-Pacific region is projected to witness higher growth
rate due to growth in demand for better quality of care, and rise in government
initiatives to determine the patient flow management solution & electronic
health records (EHRs) over the forecast period. It is anticipated that the
market will be reached at rapid pace caused by rise in need to minimize records
retention costs and better management of patient’s information record during
the forecast period.
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