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U.S. Electronic Medical Records (EMR) Markets in Physician-based Practices

  • ID: 445855
  • January 2007
  • Region: United States
  • 68 Pages
  • Frost & Sullivan

This Frost & Sullivan research service titled U.S. Electronic Medical Records in Physician-based Practices provides a look at the market trends, industry challenges, and market drivers for the adoption of physician-based EMRs. The study also looks at the future of the industry, forecasts market penetration, and focuses on the future of practice EMR technology and accompanying implementations. In this study, Frost & Sullivan's expert analysts thoroughly examine the following technologies: RTLS and associated tracking technologies.

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- Executive Summary
-- Executive Overview
--- Executive Summary

- Total U.S. Electronic Medical Record Market in Physician-based Practices Overview
-- Market Profile
--- Market Overview
--- Market Issues and Trends
--- Technology and Market Trend Analysis
--- Market Engineering Measurements
-- Industry Challenges and Strategic Recommendations
--- Top Industry Challenges
--- Strategic Recommendations

- U.S. Electronic Medical Record Market in Physician-based Practices Market Forecast and Analysis
-- Market Drivers and Restraints
--- Market Drivers
--- Physicians Obtain Potential Financial Benefits with EMR and PM solution
--- Discrete Data Improves Quality of Care and Transitions Physicians Toward Quality Initiatives
--- Physicians Seek Connected Environment to Benefit Patients and Practice
--- Physician Awareness Expands Market Opportunity
--- Market Restraints
--- Long-term Achievable Financial Benefits Perceived as Slow to Materialize Reducing Incentive to Purchase
--- Physicians Concerns Over Installation Process, Workflow Changes, and Other Word of Mouth Items Negatively Affect the Purchase of an EMR
-- Physician Demographics and Yearly Forecasts
--- Demographics and Revenue Forecasts
-- Company Market Share Analysis
--- Company Market Share by Revenues Assessment
-- Market Adoption Pattern of EMRs for Physician Practices
-- Pricing Forecasts and Analysis
--- Pricing Trends
-- Competitive Analysis
--- Competitive Analysis and Select Company Profiles
-- Conclusion
--- Conclusion

- Appendix
-- Decision Support Database
--- Number of Practicing Physicians
--- Number of Specialty Centers
--- Per Capital Healthcare Expenditure
--- Total Healthcare Expenditure

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Improved Return on Investment Drive Uptake of Electronic Medical Records in Physician-based Practices

The physician-based electronic medical record (EMR) market continues to grow at a significant pace, attracting investors, new participants, and adopters. Though the market mostly contains early-adopters, physicians continue to obtain and seek further information that espouses the benefits of an EMR and emphasizes its importance in the role of care delivery. "The market needs several more years to reach saturation, and therefore will witness strong growth in the core EMR product and eventual add-on modules for the next few years," according to the analyst of the study. "This market is witnessing large scale growth from most vendors, including a few with more than 50 percent revenue growth."

Long debated topics for the physician-based practice includes the return on investment (ROI) generated by the installation of an EMR-PPMS solution. By extracting detailed data, effectively managing the medication process, and reducing staffing need due to the decrease in transcription needs, an EMR-PPMS solution is believed to improve the cost structure of a practice. Several journal articles and news releases point to a ROI for the physicians’ practice. Furthermore, physician-based practices are able to obtain a significant clinical improvement from the deployment of an EMR-PPMS solution. By combining an eventual cost savings with the improved care environment, physician-based practices continue to see the true benefits of an EMR-PPMS solution.

Enhancing Connectivity Drives Uptake of EMR in Physician-based Practices across North America

The evolution in healthcare mainly leans toward connectivity across the healthcare continuum. The focus is on breaking down walls and freeing the exchange of data across providers, payers, and patients. Though slow to materialize completely, this trend is not lost on physicians and staff, who are not bold adopters of technology, but increasingly seek avenues to increase revenue and workflow practices. Practice groups are frequently interacting with hospitals and other large and small providers and ancillary organizations that require interfaced capabilities.

In addition, physicians, staff, and other groups are continually required to exchange information and data elements among disparate organizations throughout the local area, region, and country. Therefore, they are receptive usually to the idea of retrieving laboratory results in an electronic format. "An actual interface has been established for the majority of physician practices that utilize an EMR," explains the analyst. "As EMR uptake in physician-based practices rises, their level of sophistication with the functionality of the product increases and they typically seek to expand their interface environment with the addition of such interfaces to imaging and hospital organizations."

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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