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Electronic Medical Records Systems - Industry Market Research Report

  • August 2016
  • -
  • Ibisworld
  • -
  • 35 pages

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For the record: Health care providers will demand industry services to avoid penalties



Abstract

Electronic Medical Records Systems

The Electronic Medical Records Systems industry, which designs, develops, implements and supports electronic medical records (EMR) and electronic health records (EHR) systems, has significantly benefited from federal healthcare legislation over the past five years. The 2009 Health Information Technology for Economic and Clinical Health Act established Medicare and Medicaid incentives to encourage the widespread adoption of EHR systems among ambulatory and inpatient healthcare providers. Demand and growth will likely remain high during the next five years, as late EHR adopters hurry to avoid increasing Medicare penalties, which are set to grow to 3.0% by 2017. However, industry revenue growth is expected to slow over the next five years as the market becomes largely saturated. Industry operators will likely turn to upgrades, support, maintenance and integration of existing systems to maintain growth and profitability.


This industry provides electronic medical records (EMR) and electronic health records (EHR) services. EMR and EHR systems are digital replacements for traditional paper and file medical records systems used by hospitals, physician practices, urgent care centers and ambulance services. This industry does not include the provision of medical care.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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