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Global Patient Safety and Risk Management Software Market

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    Report

  • 183 Pages
  • November 2020
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5214508
Description Jump to:
The Global Patient Safety and Risk Management Software Market size is expected to reach $2.7 billion by 2026, rising at a market growth of 11.6% CAGR during the forecast period. Patient Safety and Risk management software is a planned program in healthcare that benefits in analyzing and recording medical problems that arise in the healthcare amenities and aid in risk management. This software is also helpful in the prevention and decrease of such kind of errors. The patient safety and risk management software team are working with numerous clinics and commercial hospitals so as to find any inadequacy in the treatments and analyzing the danger. The evidence assembled is then used as a resource by other amenities to offer better services.



The increasing essential to limit healthcare costs, growing occurrences of medical errors & hospital-acquired infections, and rising government enterprises to increase patient safety and patient consequences are the main drivers of the market. In addition to it, the lack of in-house IT proficiency and the disinclination of healthcare suppliers to approve new approaches to patient care and risk management are likely to confine the growth of the market to a certain range during the foreseeable period.

A surge in the overall number of medical errors along with an augmented requirement to offer patient safety and care are the vital factors boosting the market. Also, the augmented adoption of digitization and several initiatives that are being taken up by the government so as to promote the healthcare software market is additionally speeding up the growth of the market. Moreover, the growing need to deterioration the risk factors like hospital-acquired infections, the necessity for decreasing healthcare costs, increase in prominence to support patient outcomes are the major factors that are responsible for the growing demand for software products. The surge in chronic health conditions is expected to surge the consciousness and benefits related to the market. Therefore it is likely to aid in the market growth for patient safety and risk management software over the forecasted period.

Based on Type, the market is segmented into Risk Management & Safety Solutions, Governance, Risk & Compliance Solutions, and Claims Management Software. Based on End User, the market is segmented into Hospitals, Ambulatory Care Centers, Long-Term Care Centers and Other End-users. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.



The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Conduent, Incorporated, Becton, Dickinson and Company, Health Catalyst, Inc., RLDatix, Riskconnect, Inc., Clarity Group, Inc., Symplr (The Patient Safety Company), RiskQual Technologies, Inc., Smartgate Solutions Ltd. and Prista Corporation.

Strategies deployed in Patient Safety and Risk Management Software Market

Oct-2020:-Symplr acquired TractManager, a healthcare-specific application. This acquisition helped to deliver a complete and end-to-end GRC software and services platform.

Oct-2020: RLDatix acquired Verge Health, the best class credentialing software provider. The acquisition is expected to further stimulate a shift from an active approach to risk management which is rooted in safety and prevention.

Sep-2020: Symplr completed the acquisition of ComplyTrack to expand end-to-end GRC platform of scale by the upgraded patient safety software solutions. Symplr’s SaaS platform provides an end-to-end solution envelop data management and workforce management.

Aug-2020: Riskonnect released a new feature within its Healthcare Patient Safety and Risk Management solution. The new feature aimed to help customers comply with the Ongoing Professional Practice Evaluation (OPPE) standard. The enhanced platform equips healthcare organizations with the tools for regularly collecting data and reporting on practitioners’ professional performance.

Jul-2020: Health Catalyst, Inc. introduced its Care Management Suite. It included a patient-centric data- and analytics-driven factor for care management. The tools and processes delivered visibility over the continuum of care for high-risk and at-risk populations. It enabled the integration of multi-disparate data sources, facilitated more streamlined and patient-centric workflows, better quality of patient care, and decrease overall costs.

Jul-2020: RLDatix introduced Applied Safety Intelligence, a new framework. This framework built a strong relationship between patient safety and risk management. It brought a shift from a retrospective review of negative events to a future of proactive prevention. It guides the users for future-forward patient safety.

Feb-2020: Health Catalyst signed a definitive agreement to acquire Able Health, Inc., a leading SaaS provider of quality and regulatory measurement tracking and reporting. The Able Health SaaS application is expected to strengthen Health Catalyst’s existing Quality and Regulatory Measures capabilities.

Oct-2019: RLDatix took over Milpitas, Calif., based Quantros Inc.'s patient safety business. This acquisition expanded the company's horizon into governance, risk and compliance (GRC) along with the company's commitment to patient safety. It also stimulated company's data and analytics strategy with their new datasets from variety of healthcare organizations.

Oct-2019: Riskonnect came into partnership with Focal Point Data Risk, a leader in the competitive Integrated Risk Management (IRM) space. The partnership aligned Riskonnect’s best-in-class IRM software solutions with Focal Point’s implementation and risk management consulting services. Together, the companies used the best features of two great organizations, enabled its clients to benefit from increased risk visibility, better decision making, and streamlined compliance.

Jul-2019: Riskonnect introduced the latest version of its platform Riskonnect 2019.2. This version provides new, robust features for the healthcare and health and safety markets, including support for non-clinical rounding, long-term care event reporting and safety audits.

Oct-2018: Riskonnect took over Marsh ClearSight LLC, a global leader in risk, safety, and claims software and services. The acquisition expanded its offerings, delivering customers a comprehensive, end-to-end technology suite to manage and control risk.

Sep-2018: Riskonnect introduced its new Riskonnect User Experience, RKUX. It delivers more delightful user experience developed to work more fast and smart for the risk professionals.

Sep-2018: Health Catalyst announced its Health Catalyst Patient Safety Organization. This protects all harm causing patient safety data extracted from the company’s Patient Safety Monitor suite of software applications.

Jul-2018: Health Catalyst introduced the Patient Safety Monitor Suite. It includes Surveillance Module, an industry’s first comprehensive patient safety application that uses predictive and text analytics mixed with concurrent clinician review of data to look, detect, predict and prevent threats to patient safety before causing any harm.

Scope of the Study

Market Segmentation:

By Type
  • Risk Management & Safety Solutions
  • Governance
  • Risk & Compliance Solutions
  • Claims Management Software

By End User
  • Hospitals
  • Ambulatory Care Centers
  • Long-Term Care Centers
  • Other End-users

By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled
  • Conduent, Incorporated
  • Becton, Dickinson and Company
  • Health Catalyst, Inc.
  • RLDatix
  • Riskconnect, Inc.
  • Clarity Group, Inc.
  • Symplr (The Patient Safety Company)
  • RiskQual Technologies, Inc.
  • Smartgate Solutions Ltd.
  • Prista Corporation

Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Patient Safety & Risk Management Software Market, by Type
1.4.2 Global Patient Safety & Risk Management Software Market, by End User
1.4.3 Global Patient Safety & Risk Management Software Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Patient Safety and Risk Management Software Market
Chapter 4. Global Patient Safety And Risk Management Software Market by Type
4.1 Global Risk Management & Safety Solutions Market by Region
4.2 Global Governance, Risk & Compliance Solutions Market by Region
4.3 Global Claims Management Software Market by Region
Chapter 5. Global Patient Safety And Risk Management Software Market by End-user
5.1 Global Hospitals Market by Region
5.2 Global Ambulatory Care Centers Market by Region
5.3 Global Long-Term Care Centers Market by Region
5.4 Global Other End-users Market by Region
Chapter 6. Global Patient Safety And Risk Management Software Market by Region
6.1 North America Patient Safety And Risk Management Software Market
6.1.1 North America Patient Safety And Risk Management Software Market by Type
6.1.1.1 North America Risk Management & Safety Solutions Market by Country
6.1.1.2 North America Governance, Risk & Compliance Solutions Market by Country
6.1.1.3 North America Claims Management Software Market by Country
6.1.2 North America Patient Safety And Risk Management Software Market by End-user
6.1.2.1 North America Hospitals Market by Country
6.1.2.2 North America Ambulatory Care Centers Market by Country
6.1.2.3 North America Long-Term Care Centers Market by Country
6.1.2.4 North America Other End-users Market by Country
6.1.3 North America Patient Safety And Risk Management Software Market by Country
6.1.3.1 US Patient Safety And Risk Management Software Market
6.1.3.1.1 US Patient Safety And Risk Management Software Market by Type
6.1.3.1.2 US Patient Safety And Risk Management Software Market by End-user
6.1.3.2 Canada Patient Safety And Risk Management Software Market
6.1.3.2.1 Canada Patient Safety And Risk Management Software Market by Type
6.1.3.2.2 Canada Patient Safety And Risk Management Software Market by End-user
6.1.3.3 Mexico Patient Safety And Risk Management Software Market
6.1.3.3.1 Mexico Patient Safety And Risk Management Software Market by Type
6.1.3.3.2 Mexico Patient Safety And Risk Management Software Market by End-user
6.1.3.4 Rest of North America Patient Safety And Risk Management Software Market
6.1.3.4.1 Rest of North America Patient Safety And Risk Management Software Market by Type
6.1.3.4.2 Rest of North America Patient Safety And Risk Management Software Market by End-user
6.2 Europe Patient Safety And Risk Management Software Market
6.2.1 Europe Patient Safety And Risk Management Software Market by Type
6.2.1.1 Europe Risk Management & Safety Solutions Market by Country
6.2.1.2 Europe Governance, Risk & Compliance Solutions Market by Country
6.2.1.3 Europe Claims Management Software Market by Country
6.2.2 Europe Patient Safety And Risk Management Software Market by End-user
6.2.2.1 Europe Hospitals Market by Country
6.2.2.2 Europe Ambulatory Care Centers Market by Country
6.2.2.3 Europe Long-Term Care Centers Market by Country
6.2.2.4 Europe Other End-users Market by Country
6.2.3 Europe Patient Safety And Risk Management Software Market by Country
6.2.3.1 Germany Patient Safety And Risk Management Software Market
6.2.3.1.1 Germany Patient Safety And Risk Management Software Market by Type
6.2.3.1.2 Germany Patient Safety And Risk Management Software Market by End-user
6.2.3.2 UK Patient Safety And Risk Management Software Market
6.2.3.2.1 UK Patient Safety And Risk Management Software Market by Type
6.2.3.2.2 UK Patient Safety And Risk Management Software Market by End-user
6.2.3.3 France Patient Safety And Risk Management Software Market
6.2.3.3.1 France Patient Safety And Risk Management Software Market by Type
6.2.3.3.2 France Patient Safety And Risk Management Software Market by End-user
6.2.3.4 Russia Patient Safety And Risk Management Software Market
6.2.3.4.1 Russia Patient Safety And Risk Management Software Market by Type
6.2.3.4.2 Russia Patient Safety And Risk Management Software Market by End-user
6.2.3.5 Spain Patient Safety And Risk Management Software Market
6.2.3.5.1 Spain Patient Safety And Risk Management Software Market by Type
6.2.3.5.2 Spain Patient Safety And Risk Management Software Market by End-user
6.2.3.6 Italy Patient Safety And Risk Management Software Market
6.2.3.6.1 Italy Patient Safety And Risk Management Software Market by Type
6.2.3.6.2 Italy Patient Safety And Risk Management Software Market by End-user
6.2.3.7 Rest of Europe Patient Safety And Risk Management Software Market
6.2.3.7.1 Rest of Europe Patient Safety And Risk Management Software Market by Type
6.2.3.7.2 Rest of Europe Patient Safety And Risk Management Software Market by End-user
6.3 Asia Pacific Patient Safety And Risk Management Software Market
6.3.1 Asia Pacific Patient Safety And Risk Management Software Market by Type
6.3.1.1 Asia Pacific Risk Management & Safety Solutions Market by Country
6.3.1.2 Asia Pacific Governance, Risk & Compliance Solutions Market by Country
6.3.1.3 Asia Pacific Claims Management Software Market by Country
6.3.2 Asia Pacific Patient Safety And Risk Management Software Market by End-user
6.3.2.1 Asia Pacific Hospitals Market by Country
6.3.2.2 Asia Pacific Ambulatory Care Centers Market by Country
6.3.2.3 Asia Pacific Long-Term Care Centers Market by Country
6.3.2.4 Asia Pacific Other End-users Market by Country
6.3.3 Asia Pacific Patient Safety And Risk Management Software Market by Country
6.3.3.1 China Patient Safety And Risk Management Software Market
6.3.3.1.1 China Patient Safety And Risk Management Software Market by Type
6.3.3.1.2 China Patient Safety And Risk Management Software Market by End-user
6.3.3.2 Japan Patient Safety And Risk Management Software Market
6.3.3.2.1 Japan Patient Safety And Risk Management Software Market by Type
6.3.3.2.2 Japan Patient Safety And Risk Management Software Market by End-user
6.3.3.3 India Patient Safety And Risk Management Software Market
6.3.3.3.1 India Patient Safety And Risk Management Software Market by Type
6.3.3.3.2 India Patient Safety And Risk Management Software Market by End-user
6.3.3.4 South Korea Patient Safety And Risk Management Software Market
6.3.3.4.1 South Korea Patient Safety And Risk Management Software Market by Type
6.3.3.4.2 South Korea Patient Safety And Risk Management Software Market by End-user
6.3.3.5 Singapore Patient Safety And Risk Management Software Market
6.3.3.5.1 Singapore Patient Safety And Risk Management Software Market by Type
6.3.3.5.2 Singapore Patient Safety And Risk Management Software Market by End-user
6.3.3.6 Malaysia Patient Safety And Risk Management Software Market
6.3.3.6.1 Malaysia Patient Safety And Risk Management Software Market by Type
6.3.3.6.2 Malaysia Patient Safety And Risk Management Software Market by End-user
6.3.3.7 Rest of Asia Pacific Patient Safety And Risk Management Software Market
6.3.3.7.1 Rest of Asia Pacific Patient Safety And Risk Management Software Market by Type
6.3.3.7.2 Rest of Asia Pacific Patient Safety And Risk Management Software Market by End-user
6.4 LAMEA Patient Safety And Risk Management Software Market
6.4.1 LAMEA Patient Safety And Risk Management Software Market by Type
6.4.1.1 LAMEA Risk Management & Safety Solutions Market by Country
6.4.1.2 LAMEA Governance, Risk & Compliance Solutions Market by Country
6.4.1.3 LAMEA Claims Management Software Market by Country
6.4.2 LAMEA Patient Safety And Risk Management Software Market by End-user
6.4.2.1 LAMEA Hospitals Market by Country
6.4.2.2 LAMEA Ambulatory Care Centers Market by Country
6.4.2.3 LAMEA Long-Term Care Centers Market by Country
6.4.2.4 LAMEA Other End-users Market by Country
6.4.3 LAMEA Patient Safety And Risk Management Software Market by Country
6.4.3.1 Brazil Patient Safety And Risk Management Software Market
6.4.3.1.1 Brazil Patient Safety And Risk Management Software Market by Type
6.4.3.1.2 Brazil Patient Safety And Risk Management Software Market by End-user
6.4.3.2 Argentina Patient Safety And Risk Management Software Market
6.4.3.2.1 Argentina Patient Safety And Risk Management Software Market by Type
6.4.3.2.2 Argentina Patient Safety And Risk Management Software Market by End-user
6.4.3.3 UAE Patient Safety And Risk Management Software Market
6.4.3.3.1 UAE Patient Safety And Risk Management Software Market by Type
6.4.3.3.2 UAE Patient Safety And Risk Management Software Market by End-user
6.4.3.4 Saudi Arabia Patient Safety And Risk Management Software Market
6.4.3.4.1 Saudi Arabia Patient Safety And Risk Management Software Market by Type
6.4.3.4.2 Saudi Arabia Patient Safety And Risk Management Software Market by End-user
6.4.3.5 South Africa Patient Safety And Risk Management Software Market
6.4.3.5.1 South Africa Patient Safety And Risk Management Software Market by Type
6.4.3.5.2 South Africa Patient Safety And Risk Management Software Market by End-user
6.4.3.6 Nigeria Patient Safety And Risk Management Software Market
6.4.3.6.1 Nigeria Patient Safety And Risk Management Software Market by Type
6.4.3.6.2 Nigeria Patient Safety And Risk Management Software Market by End-user
6.4.3.7 Rest of LAMEA Patient Safety And Risk Management Software Market
6.4.3.7.1 Rest of LAMEA Patient Safety And Risk Management Software Market by Type
6.4.3.7.2 Rest of LAMEA Patient Safety And Risk Management Software Market by End-user
Chapter 7. Company Profiles
7.1 Conduent, Incorporated
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Research & Development Expense
7.2 Becton, Dickinson and Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Health Catalyst, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Acquisition and Mergers:
7.3.5.3 Business Expansions:
7.4 RLDatix
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.4.2.2 Acquisition and Mergers:
7.5 Riskonnect, Inc.
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.5.2.2 Acquisition and Mergers:
7.5.2.3 Partnerships, Collaborations, and Agreements:
7.6 Clarity Group, Inc.
7.6.1 Company Overview
7.7 Symplr (The Patient Safety Company)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Acquisition and Mergers:
7.8 RiskQual Technologies, Inc.
7.8.1 Company Overview
7.9 Smartgate Solutions Ltd.
7.9.1 Company Overview
7.10. Prista Corporation
7.10.1 Company Overview

Companies Mentioned

  • Conduent, Incorporated
  • Becton, Dickinson and Company
  • Health Catalyst, Inc.
  • RLDatix
  • Riskconnect, Inc.
  • Clarity Group, Inc.
  • Symplr (The Patient Safety Company)
  • RiskQual Technologies, Inc.
  • Smartgate Solutions Ltd.
  • Prista Corporation

Methodology

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