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Physician Office Financial Systems - Market Opportunities, Strategies, and Forecasts, 2007 to 2013
WinterGreen Research, Inc., Sep 2007, Pages: 487
Information systems provide analysis specifically targeted to large group practices. Software for practice analysis is targeted to large group practices as these are the most in need of automation and achieve the most benefit from that. These environments have 25 clinicians. Practice analysis is an integrated data support system. It provides data reporting tools to effectively manage the financial and business aspects of the practice.
Gaining a real-time view into relevant practice information gives physicians, managers and administrators the information they need to make better decisions regarding both patient care and profitability. Dashboards are emerging that provide business process management tools.
Physician information systems are used to shape flexible business systems. Integration is the fundamental layer of IT infrastructure, providing connectivity across applications and across platforms. Physician information software license markets are growing as the Internet dominates e-commerce channel adoption. Supply chain automation is a market driving force. Integration of applications by the medical services industry has not been dented.
Efficient process consolidation is supported by systems. Software solutions are used to support software developed in-house to enable the rapid construction of Web portals and other Web-based systems. Typical implementations are related to systems running on a mixed group of servers, under different operating systems.
Medical practices businesses today face a serious and widening information 'Integration Gap' between system integration demands and their ability to meet these demands. Hand coding is less expensive than packaged integrations software in the short term.
Packaged applications efficiently accomplish the basic broker and adapter functions needed for integration. Business processes are automated using eai systems. Further EAI functionality is achieved via extract, transform, and load functions.
Markets at $3.5 billion in 2006 are anticipated to reach $6.22 billion by 2013. Market growth is a function of the benefits of business automation. The efficiencies realized from the automation of manual process are of particular benefit to physicians who tend to be very time constrained.
Report Methodology
This is the 316th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment
About the Principal Authors
Ellen T. Curtiss conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets and the Top Ten Telecommunications market analysis and forecasts.
Susan Eustis has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Regional Bell Operating Companies' marketing strategies, Internet equipment, a study of Internet Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, and Application Integration markets. Ms. Eustis is a graduate of Barnard College.
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