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United States Healthcare Information Exchange Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4763873
  • Report
  • February 2019
  • Region: United States
  • 71 pages
  • Mordor Intelligence
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  • Cerner Corporation
  • Covisint Corporation
  • Eclinical Works
  • Epic Corporation Inc.
  • Infor Inc.
  • Mckesson Corporation
  • MORE
Market Overview

The United States healthcare information exchange market was valued at USD 457.38 million in 2018 and is estimated to be valued at USD 775.56 million in 2024, witnessing a CAGR of 9.20% during the forecast period. Factors driving the market growth include the increasing demand for electronic health records, government support via various programs and incentives, and reduction in healthcare cost and improved efficacy.

Health information exchange allows doctors, pharmacists, nurses, healthcare providers, and patients to access and securely share the patient’s medical information, electronically, thus improving the quality, safety, speed, and cost of patient care. Healthcare information exchange (HIE) is an important part of health information technology (HIT). According to the National Coordinator for Health Information Technology, 41% of all hospitals were using electronically-exchanged health information in 2008. However, by 2015, more than eight in 10 acute care hospitals electronically exchanged laboratory results, MRI reports, and clinical summaries, or medication lists. Owing to the increase in government initiatives and high engagement of a private setup in HIE, the market is expected to witness exponential growth.

Scope of the Report

The United States healthcare information exchange market has been segmented on the basis of the implementation model, setup type, application, exchange type, and component. Market segments have been further sub-divided into respective sub-segments. For instance, the implementation model segment has been divided into centralized/consolidated models, decentralized/federated models, and hybrid models.

Key Market Trends

The Decentralized/Federated Model is Expected to Hold the Largest Market Share

The decentralized/federated model segment holds the largest market share and is expected to retain its share during the forecast period. In a federated HIE, there is no master database. In this model, each healthcare provider is responsible for maintaining the records of their individual patients. In this model, the main function of HIE is to facilitate the providers in exchanging patient records among themselves, when the need arises. The salient distinction of a federated model is that there is no central database from which a previously compiled, the comprehensive medical record is stored and can be downloaded. The advantages, such as low conflicts related to data ownership and compartmentalization of data, which makes it less vulnerable to data thefts, along with lower implementation costs when compared to other models, are leading to its high adoption rates.

Competitive Landscape

The United States healthcare information exchange market is fairly competitive and consists of several major players. Due to high adoption rates of new technology and wide availability of reimbursement, which necessitates the use of information exchange systems, the United States is at the forefront of healthcare information exchange implementation. Thus, nearly all global players are operating in the country. Companies, like Cerner Corporation, Allscripts Healthcare Solutions, Mckesson Corporation, Eclinical Works, and Epic Corporation Inc., hold a substantial market share in the market.

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  • Cerner Corporation
  • Covisint Corporation
  • Eclinical Works
  • Epic Corporation Inc.
  • Infor Inc.
  • Mckesson Corporation
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Electronic Health Records Resulting in the Expansion of the Market
4.2.2 Government Support via Various Programs and Incentives
4.2.3 Reduction in Healthcare Cost and Improved Efficacy
4.3 Market Restraints
4.3.1 Huge Initial Infrastructural Investment
4.3.2 Slow Return on Investment
4.3.3 Data Privacy and Security Concerns
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5.1 Implementation Model
5.1.1 Centralized/Consolidated Models
5.1.2 Decentralized/Federated Models
5.1.3 Hybrid Model
5.2 Setup Type
5.2.1 Private
5.2.2 Public
5.3 Application
5.3.1 Internal Interfacing
5.3.2 Secure Messaging
5.3.3 Workflow Management
5.3.4 Web Portal Development
5.3.5 Patient Safety
5.4 Exchange Type
5.4.1 Direct Exchange
5.4.2 Query-based Exchange
5.4.3 Consumer-mediated Exchange
5.5 Component
5.5.1 Enterprise Master Person Index (EMPI)
5.5.2 Healthcare Provider Directory (HPD)
5.5.3 Record Locator Service (RLS)
5.5.4 Clinical Data Repository
5.5.5 Other Components

6.1 Company Profiles
6.1.1 Cerner Corporation
6.1.2 Allscripts Healthcare Solutions
6.1.3 Mckesson Corporation
6.1.4 Eclinical Works
6.1.5 Covisint Corporation
6.1.6 Nextgen Healthcare Information Systems LLC
6.1.7 Infor Inc.
6.1.8 Optum Inc.
6.1.9 Medicity Inc.
6.1.10 Epic Corporation Inc.

Note: Product cover images may vary from those shown
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4 of 4
  • Cerner Corporation
  • Allscripts Healthcare Solutions
  • Mckesson Corporation
  • Eclinical Works
  • Covisint Corporation
  • Nextgen Healthcare Information Systems LLC
  • Infor Inc.
  • Optum Inc.
  • Medicity Inc.
  • Epic Corporation Inc.
Note: Product cover images may vary from those shown