Home healthcare software empowers the users to share clinical, financial and administrative data across widely dispersed geographies. It efficiency by providing role-based documentation minimizes errors, eliminates duplicate documentation and increases accuracy while improving patient quality of life. It also promotes efficient scheduling processes and supply use. It improves communication among the core team members internally and outside the organization.
Home Healthcare Software Market-Market Dynamics
The report details several factors driving and restraining the market, some of which are listed below.
Introduction of Obamacare and the US Affordable Care Act
Rise in demand to reduce healthcare costs
Increasing awareness among the population
Rapid rise in the aging population
Data privacy concerns
Insufficient technical support
Affordability issues among the emerging economies
High up gradation & maintenance costs
The global home healthcare software market can be segmented on the basis of the product (agency management, clinical management, consulting, hospice software solutions, medical-surgical supplies, telehealth solutions), component (software, services), mode of delivery (deployment, web-based, cloud-based), applications (billing & invoicing, drug interaction database, electronic signature, medication database, patient intake, scheduling, time/task reporting), end-user (rehab centers, hospice care, home care institutions), and geography (North America, Europe, APAC & RoW).
Currently, North America dominates the global market. This can be attributed to the introduction of the US Affordable Care Act, which reduces hospital readmission intake and encourages the adoption of home healthcare systems. Emerging economies such as the APAC show the highest growth rate due to the increasing awareness in these regions.
Major Companies in the Sector Include:
This Report Offers:
Market definition along with identification of key drivers and restraints for the market.
Market analysis for the home healthcare software market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the home healthcare software market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Report Description
1.2 Research Methodology
2. Key Findings
3. Executive Summary
4. Market Dynamics
4.1 Market Segmentation
4.2 Market Drivers
4.2.1 Obamacare & US Affordable Care Act Enforcing Patients to Adopt Home Healthcare IT Solutions to Reduce Patient Intake
4.2.2 Rise in Demand to Reduce the Growing Healthcare Costs
4.2.3 Increasing Awareness Triggering the Adoption Rate
4.2.4 Technological Advancements Leading to Cost Effectiveness & Ease of Use
4.2.5 Rapid Rise in the Aging Population
4.3 Market Restraints
4.3.1 Data Privacy Concerns
4.3.2 Insufficient Technical Support
4.3.3 Affordability Issues among the Emerging Economies Hindering the Market Growth
4.3.4 Expensive Upgradation & Maintenance Costs
5. Global Market Segmentation
5.1 By Product
5.1.1 Agency Management
5.1.2 Clinical Management
5.1.3 Consulting & Support Services
5.1.4 Hospice Software Solutions
5.1.5 Medical Surgical Supplies, Solutions & Support
5.1.6 Telehealth Solutions
5.2 By Component
5.3 By Mode of Delivery
5.4 By Application
5.4.1 Billion & Invoicing
5.4.2 Drug Interaction Database
5.4.3 Electronic Signature
5.4.4 Medication Database
5.4.5 On-Site Employee Tracking
5.4.6 Patient Intake
5.4.7 Schedule Optimization
5.4.9 Time/Task Reporting
5.5 By End-User
5.5.1 Rehab Centers
5.5.2 Hospice Care
5.5.3 Homecare Institutions
5.5.4 Private Duty Institutions
5.6 By Geography
5.6.1 North America
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.6.4 Rest of the World
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Agreements, Collaborations & Partnerships
6.3 New Product Launches
6.4 Recommendations to New Market Players
7. Company Profiles
7.1 Allscripts Healthcare Solutions, Inc.
7.2 Cerner Corporation
7.3 Delta Health Technologies
7.5 Kinnser Software, Inc.
7.6 Mckesson Corporation
7.7 Thornberry limited
7.8 Medical Information Technology, Inc.