EHR market set to grow, says latest report

New Delhi: Technological innovations are widely adopted in the healthcare sector across the globe. With these innovations monitoring patients, analysis and collecting their medical history, and providing best of the medical care are achieved by wide adoption of advanced technologies.

One of the most significant achievement is collecting patients’ medical history through electronic health records. With growing integration of cloud technology and vast adoption of IT and digital infrastructure in the healthcare industry has further boosted adoption of the electronic health records.

With increasing use of Electronic Health Records, player providing these services are engaged in further research and development and product enhancement. Players are also collaborating with other industry players and medical institutions and hospitals to increase their customer reach and increase their profit margins. For example, in 2018, eClinicalWorks entered into a partnership with a 25-bed independent community hospital located in Waverly, Waverly Health Center (WHC). The objective behind this partnership was to revamp the Paragon Inpatient EHR system that was used in WHC with eClinicalWorks Revenue Cycle Management platform and cloud-centric Acute Care EHR. By employing this new platform, they will be able to reduce the overall operational cost, as they will be making records of patient’s outpatient and inpatient and groups.

Similar initiatives are being taken by other companies as well, mainly to increase their services and to expand presence in the market. Some of the key players operating in the global electronic health records market are Athenahealth, Inc., Allscripts Healthcare Solutions, Inc., Cerner Corporation, Epic Systems, CPSI, GE Healthcare, eClinicalWorks, and Greenway Health, LLC.

Leading players are also associating with government organizations as well. For instance, Cerner Corporation and Cerner Government Services Inc. signed an agreement for transitioning service members and their care providers access to a single electronic health record system.

*This news is based on a market research report by Transparency Market Research (TMR).