$1,028.23 Million Patient Flow Management Market to hit 21.9% in 2025 led by Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Central Logic

Patient flow management is a central-server software solution that provides patient reception, queuing, routing and interaction management tools to the clinics and departments. The system allows to handle all the aspects of patient flow such as routing, reception, triage, treatment, payment, preparation and administration. The patient flow management helps to manage waiting rooms and treatment rooms. It synchronizes back-office workflow that helps to inform the family members and patients during long procedures. The report would be of an interest to various stakeholders operating in the patient flow management market. These stakeholders include research & consulting firms, patient flow management solutions developers and consumers, financial analysts as well as new entrants in the market.

According to a new market research study titled Patient Flow Management Market to 2025 – North America Analysis and Forecasts by Product, Type, Component and Delivery Mode. The North America Patient Flow Management Market is expected to grow from US$ 218.24 Mn in the year 2017 and is expected to reach US$ 1028.23 Mn by 2025 growing at a CAGR of 21.9% over the forecast period. The market is expected to grow due to rising adoption of patient centric approach by healthcare providers in the region and shortage of nursing and physician staff. However, lack of skilled IT professionals to develop these solutions and risks associated with cyber-threats with the use of these management solutions leading to data breach are anticipated to be the factors restraining the market growth.

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Companies operating in the North America patient flow management market include-
1. McKesson Corporation
2. Care Logistics
3. Epic Systems Corporation
4. Intelligent In Sites
5. Aptean
6. Cerner Corporation
7. Teletracking Technologies, Inc.
8. Central Logic
9. Allscripts Healthcare Solutions, Inc.
10. Sonitor Technologies

The objective of the study is to describe, define, and forecast the patient flow management market by product, type, component, delivery mode, and country. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.

The report analyzes factors affecting patient flow management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all countries namely; Germany, France, UK, Italy and Spain after evaluating political, economic, social and technological factors effecting the market in these countries.

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Major Market Developments-

For instance, in April 2016, Care Logistics announced the availability of the Target LOS Tool. The tool is a web based program that assists hospital admissions staff quickly and easily allocate correct patient DRGs and lengths-of-stay targets, helping ensure appropriate care and reimbursements.

The shortage of expertise and human skills in healthcare field, inclusive of health-care information technology (HCIT) is evident and is expected to grow in the coming years. Demand for health care will continue to grow as the baby boomer population ages. At the same time, a large percentage of the health care workforce is reaching retirement age. There aren’t enough younger workers to fill the gap. According to an article published by American Hospital Association, Health care organizations in Florida and the Southwest where there are large numbers of retirees will have different staffing needs than organizations in trendy urban areas in the Pacific Northwest or East Coast where the population tends to be younger and healthier. The U.S. healthcare industry is facing an even more significant IT worker shortage than previously thought, and that shortage is slowing efforts to roll out adoption of healthcare IT applications. With a shortage of skilled IT professionals, the productivity for development for logically advanced healthcare IT platforms such as patient flow management solutions gets hampered and thereby is responsible for the obstruction in the market growth.

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This release was published on openPR.