Medical Document Management Market 2018: Global Industry is estimated growing at a CAGR of 15.5% | Top Key Players (GE Healthcare, Allscripts Healthcare Solutions, 3M Company, Siemens Medical Solutions USA)

The Global Medical Document Management Market is accounted for $286.6 million in 2016 and expected to grow at a CAGR of 15.5% to reach $789.9 million by 2023. The Factors such as demand for advanced monitoring systems for patients in hospitals and clinics, increase in spending on healthcare BI and analytics solutions and growing need to streamline billing systems are driving the market growth. However, reluctance of physicians, nurses and other medical staff to change their methods and high cost of implementation hampers the growth of medical document management market. Mobile platforms for document management systems offer new opportunities for industry players.

The key players in the market include,
• GE Healthcare,
• Allscripts Healthcare Solutions,
• 3M Company, Siemens Medical Solutions USA, Inc,
• Toshiba Medical Systems Corporation,
• Cerner Corporation,
• Kofax Ltd,
• EPIC Systems,
• Hyland Software
• McKesson Corporation.

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The Health Care sector provides significant opportunities for Document Imaging software. Implementing document imaging technology in healthcare facilities can yield many benefits such as converting archival and working records to an electronic format can help healthcare entities harness the exploding amount of information and faster access, retrieval and distribution of patient information.

Medical practices have a lot of documentation that require maintenance, updates, and filing on a regular basis. Medical practices use a specialized EDM referred to as an Electronic Medical Records (EMR) System. For instance, 3M™ Electronic Signature Authentication (ESA) Software speeds chart completion time by allowing clinicians to view, edit and complete and electronically sign patient documents.

Hospital wide electronic document management system helps patients by streamlining billing. Bills are one of the most stressful parts of being hospitalized. The quicker and more accurately patients’ claim forms are submitted, the sooner patients can understand the billing process. 3M PFS Document Management can be integrated with 3M™ ChartScan™ Software to provide a comprehensive solution for capturing and transmitting documents from other departments, complementing the document management strategy and EHR processes. Medical Document Management Software is a must-have for hospitals so that records of each patient can be stored electronically and one can quickly see through a patient’s details in just a click. It reduces the mess of paper work and cost of keeping employees for calculation work. Therefore, Medical Document Management Software is felicity to hospital management and staff.

North America dominates in terms of revenue attributing to the HIPPA and the ARRA (American Recovery and Reinvestment Act, 2009). Growing demand for software-based technologies such as OmniDocs, Nuxeo, and LogicalDOC is responsible for its large market share. However, Asia Pacific region is anticipated to be the fastest growing region during the forecast period due to increasing government initiatives to adopt e-Health, rising healthcare expenditure and development in healthcare infrastructure.

Delivery Modes Covered:
• Cloud-Based Model
• On-Premise Model
• Web-Based Solutions

Applications Covered:
• Admission And Registration Documents Management
• Image Management
• Patient Billing Documents Management
• Patient Medical Records Management

Products Covered:
• Medical Document Management Services
• Medical Document Management Solutions

End Users Covered:
• Nursing Homes
• Insurance Providers
• Hospitals & Clinics
• Other Health Care Institutions

Regions Covered:
• North America
• Europe
• Asia Pacific
• Rest of the World

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Table of Contents
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

Continue…..

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