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(Medical-NewsWire.com, January 17, 2018 ) The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market!
“Global Clinical Practice Management Software Report-Forecast to 2023″ is a direct appreciation by Market Research Future of the high potential and application of information technology to the healthcare sector. The report includes broad essential research alongside the definite examination of subjective and additionally quantitative perspectives by different industry specialists, key sentiment pioneers to pick up a more profound understanding of the market and industry execution.
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Clinical Practice Management Software deals with improving the efficiency and performance of the day to day function and operations of clinical practices. The clinical practice management software improve resource allocation, boost financial performance and increase the effectiveness of healthcare providers. The software is chiefly used for reporting of patient’s health functions, scheduled appointments, billing tasks and others. Clinical Practice Management Software assists in the integration of electronic health records and allows interoperability of clinical practices. Global Clinical Practice Management Software is expected to grow at a CAGR of 9.5 %
The factors propelling the growth of the market include growing need to integrate healthcare systems, improve healthcare wastes, need to reduce rising healthcare tasks, growing interest towards patient-centric care, reducing manual paperwork and thus increase safety, increased performance and returns on investments, increase in patient awareness and others. The factors restraining the growth of the market include high operational cost, lack of trained IT professionals and others. The, cloud-based software are expected to be the fastest growing segment.
Segments of Clinical Practice Management Software Market
Types – Standalone, integrated
End users - Doctors & physicians, Laboratories, Pharmacists, Others
Deployment - Web-based, on-premises, cloud-based
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Regional Analysis of Clinical Practice Management Software Market:
Globally North America is the largest market for clinical practice management software. The Americas dominate the global Clinical Practice Management Software Market owing to the presence of strong economic conditions, rapid uptake of new technology, concerns of rising healthcare costs, and research ecology.
Europe is the second-largest market for Clinical Practice Management Software. Western Europe needs to save money on healthcare because of a slight drop in financial growth and obstinate economic pressure. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2015, while France recorded the second highest level of current healthcare expenditure of EUR 237 billion, followed by the United Kingdom of EUR 223 billion.
Asia Pacific is the fastest growing market owing to more number of developing nations present in this region, for instance, countries like India and China are encouraging the growth of the healthcare IT sector. These economies also have a strong and growing information technology sector.
The Middle East & Africa is expected to hold the least market share due to poor healthcare IT penetration and dependency of the healthcare sector on expat professionals. However, countries such as Qatar and Kuwait are focusing more on healthcare domain and developing medical facilities, which will boost the market growth in this region. Africa holds the least share in the market owing to the presence of poor and slow developing countries. However Israel and Egypt are strong contenders for the top position in the Middle East & Africa region.
Key Players for Clinical Practice Management Software Market:
The prominent key players present in the Global Clinical Practice Management Software Market are Vitera Healthcare Solutions, Medical Information Technology, Inc., EPIC, Nextgen Healthcare, Athenahealth, McKesson Corporation, Kareo, Cerner Corporation, eClinicalWorks, General Electric Company, SSI Group, Inc., Allscripts and among others.
Industry news and analysis
Hospital Corporation of America (HCA), announced its purchase of clinical workflow and team communication app maker Mobile Heartbeat. The technology, Clinical Urgent Response (CURE) is used by caregivers to hand tasks to one another with use of text, call, patient information, lab alerts and more with aid of an app. The app consolidates clinical communications, and has a system of alarms and notifications.
In November 2016, Vital Images acquired Karos Health, which is a manufacturer of clinical information systems.
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Customization, increasing functionality such as insurance estimating, ability to reach out to patients via social media, use of mobile technology, to generate, fill and even sign electronic consent and health history forms and others are some of the raging trends in the market.
Another trend has been the growing number of start-ups exploring a single novel idea. Start-ups being small and well-focused on a single product or functionality have a higher propensity to develop advanced solutions. The billing and reporting segment is expected to find the largest utility followed by appointment booking and this trend is expected to continue in the future.
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Source: EmailWire.Com 
Source: EmailWire.com
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