Ambulatory Electronic Health Records market is forecasted to attain a value of $6.0 billion by 2023, growing at a CAGR of 5.9% during 2017-2023. The high growth is expected due to the increasing government
initiatives for the adoption of EHR systems, rising adoption of healthcare
intranet technologies (HCIT), rising usage of EHR solutions, and need to reduce
the overall healthcare cost.
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Due
to the development of cloud-based ambulatory EHR solutions, it is possible to
keep data safe, secure and fully accessible regardless of time or network
traffic. Cloud based solutions require less capital investment, demand fewer IT
resources, take up less space, and update automatically, resulting in
significant cost savings for clinics without requiring extra time and staff to
support bulky hardware installations.
The
implementation of EHR systems is simpler as it runs on the web instead of
computer that means there is no requirement of any software or hardware. Also,
cloud-based solutions do not require any hardware installation or software
licenses, therefore the implementation cost is very less. Cloud-based EHR
solutions require HIPAA compliance through data centers with bank-level
security and high-level encryption methods that render data unreadable. Due to
several advantages offered by cloud based ambulatory EHR, demand of cloud based
ambulatory EHR is increasing. The increasing demand of cloud-based solution is
likely to create opportunities for the players in the ambulatory EHR market to
develop more advanced solutions.
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Some
of the key players operating in the ambulatory EHR market include General
Electric Company, Cerner Corporation, Epic Systems Corporation, Mckesson
Corporation, Quality Systems, Inc., eMDs Inc., Allscripts Healthcare Solutions,
Inc., Greenway Health, LLC.
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