Press release
Patient Flow Management Market: Growth Strategies, Industry Insights and Top Profiling Companies McKesson Corporation, Care Logistics, Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Inc., Central Log
The major players operating in the global patient flow management market include McKesson Corporation, Care Logistics, Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Inc., Central Logic, Allscripts Healthcare Solutions, Inc., and Sonitor Technologies among others.
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The market players are indulged into development and introduction of new products and services in the market to sustain their significance. 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 developments performed by the companies are helping the market to grow in the coming years.
Market Driving Factors:
It is expected to be the largest revenue generator during the forecast period.
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.
The growth of the market is primarily attributed to the existing large use of standalone systems as these systems are can easily be monitored as well as offers freedom of complete access to all facets.
The report highlights the trends prevalent in the global patient flow management market and the factors driving the market along with those that act as deterrents to its growth.
Key Benefits of Patient Flow Management:
Patient-centric care is defined as healthcare system that establishes partnership among practitioners and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent years, wireless technologies are built around the premise through which personalized data and interactions prompted by the patient are able to be managed by both the patient and provider.
Healthcare is emerging as a lucrative target for cyber threats and breaches with misconfigured cloud storage buckets, weaponized ransom ware, and phishing emails being the most prominent ones. According to a survey published in the HIPAA Journal 2015, Healthcare Data Breach Statistics reports that there have been 955 major security breaches in healthcare in the last three years that have resulted in the exposure/theft of 135,060,443 healthcare records.
The patient flow management market by product is segmented into integrated and standalone. The standalone segment is poised to grow with a largest market share of 68.2% in 2017. With the inclusion of integrated solution, patient safety is also improved, with fewer instance of mistaken identity or errors associated with manual data handling.
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