Electronic Health Record Systems Market Research Key Players, Industry Overview, Supply Chain and Analysis to 2022-2028 | Cerner Corporation, athenahealth, Inc, Meditech, Allscripts,

Electronic Health Record (EHR) Systems Market to Grow With Rise in Implementation of HER Systems

Market Overview:

An electronic health record (EHR) is a digital version of a patient's paper chart. EHRs are real-time, patient-centered records that make vital information available securely and instantly to authorized users. The EHR systems helps track and access health records easily & conveniently and allows easy sharing of patient information with other healthcare professionals for clinical decision making during the treatment. EHR includes information such as health history, gender, age, ethnicity, allergies, medications, lab test results, immunization status, hospital discharge instructions, and billing information. Comprehensive and accurate medical records empower healthcare professionals to treat patients to the best of their ability.

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Competitive Landscape:

Major players operating in the global electronic health record (EHR) systems market are GE Healthcare, Healthland, eClinicalWorks, Healthcare Management Systems, Quality Systems Inc., McKesson Corporation Epic Systems Corporation, Meditech, Allscripts, athenahealth, Inc, Cerner Corporation, and CureMD Research & Development.

Key Market Drivers:

Increasing adoption of HER systems or implementation of national strategies for adopting HER is expected to propel growth of the electronic health record (EHR) systems market during the forecast period. For instance, in March 2022, The Department of Veterans Affairs launched its new electronic health record system at Jonathan M. Wainwright Memorial VA Medical Center in Walla Walla, Washington. EHR system will replace the department's current system, which is more than 30 years old, with a single platform shared with the Department of Defense and the Department of Homeland Security's U.S. Coast Guard.

Moreover, government initiatives to encourage healthcare IT are expected to augment growth of the electronic health record (EHR) systems market. For instance, in March 2021, European Commission adopted a recommendation on electronic health record exchange format to unlock the flow of health data across borders. This policy helps European citizens to securely access and exchange their health data wherever they are in Europe.

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COVID-19 Impact Analysis:

EHRs facilitate the use of telemedicine to monitor positive COVID-19 patients in their homes and continuity of care for patients who are negative and can be. EHR systems can be leveraged and scaled to improve clinical care, research, and inform public health decision-making. Thus, several companies are offering new EHR-based products.

Key Takeaways:

• The electronic health record (EHR) systems market is expected to the increasing adoption of cloud-based applications in the healthcare industry. For instance, in July 2020, Cerner announced the launch of a cloud-based EHR platform, CommunityWorks Foundations, aiming to reduce costs with a fixed-fee payment structure and no up-front fees at critical access and rural hospitals.

• North America, Europe, and Asia Pacific are expected to witness significant growth in the electronic health record (EHR) systems market due to increasing expenditure on healthcare, growing funding and initiatives for implementation of HER, increasing adoption of EHR for delivering enhanced patient care, and implementation of national strategies for adopting HER in these regions.

• For instance, in November 2021, The University of Vermont Health Network successfully completed the second phase implementation of the Epic electronic health record system at Central Vermont Medical Center (CVMC) in Berlin, VT and Porter Medical Center (PMC), and Helen Porter Rehabilitation and Nursing in Middlebury, VT. The HER system allows providers to have secure and up-to-date access to patient medical records.

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This release was published on openPR.