For the record: Health care providers will demand industry services to avoid penalties

The Electronic Medical Records Systems industry, which designs, develops, implements and supports electronic medical records (EMR) and electronic health records (EHR) systems, has significantly benefited from federal healthcare legislation over the past five years. The 2009 Health Information Technology for Economic and Clinical Health Act established Medicare and Medicaid incentives to encourage the widespread adoption of EHR systems among ambulatory and inpatient healthcare providers. Demand and growth will likely remain high during the next five years, as late EHR adopters hurry to avoid increasing Medicare penalties, which are set to grow to 3.0% by 2017. However, industry revenue growth is expected to slow over the next five years as the market becomes largely saturated...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 11-16
7.6%
Forecast Growth 16-21
Profit
Employment
16,775
Businesses
1,619
Market Share of Companies

Industry Threats & Opportunities

  • Demand will remain high as late EHR adopters hurry to avoid increasing Medicare penalties
  • Companies have been quick to join the industry to take advantage of overwhelming demand
  • Medicare penalties may precipitate shifts in demand for particular products and services
  • Industry Report - Industry Products Chapter

    Basic EMRs with clinician notesIn 2016, this product segment is expected to account for 49.4% of total revenue. Basic EMRs that include clinician notes, compared with basic EMRs that exclude clinician notes, enable physicians to provide the following data: nursing assessments and physician notes. Over the past five years, many hospitals have adopted EMRs that allow physicians to provide notes, supporting demand for this product segment. For example, clinician notes may include the patient's family history, prior hospital admissions and other types of healthcare data.Comprehensive EMRsComprehensive EMRs make up an estimated 41.3% of total revenue. Com...purchase to read more.

    Additional Insights for the Electronic Medical Records Systems Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electronic Medical Records Systems Industry are

  • Access to highly skilled workforce
  • Access to the latest technology
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Private investment in computers and software in the Electronic Medical Records Systems industry impact industry performance..

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    What's in this report

    What is the Electronic Medical Records Systems Industry?

    This industry provides electronic medical records (EMR) and electronic health records (EHR) services. EMR and EHR systems are digital replacements for traditional paper and file medical records systems used by hospitals, physician practices, urgent care centers and ambulance services. This industry does not include the provision of medical care.

    Industry Products
  • Comprehensive EMRs
  • Basic EMR with clinician notes
  • Basic without clinician notes
  • Industry Activities
  • Developing and providing electronic medical and health records for ambulatory care facilities
  • Developing and providing electronic medical and health records for hospitals and other inpatient settings
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Private investment in computers and software
  • Total health expenditure
  • Technological change
  • Research and development expenditure

  • Current Performance
  • Regulation drives demand
  • Effects of growth
  • Chart: Revenue Growth

  • Industry Outlook
    Medicare penalties kick inImpact on industry operations
  • Table: Electronic Medical Records Systems Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electronic Medical Records Systems Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Emergency & Other Outpatient Care Centers
  • Diagnostic & Medical Laboratories
  • Home Care Providers
  • Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Hospitals
  • IT Consulting
  • Scientific Research & Development
  • Software Publishing

  • Products & Services
  • Basic EMR with clinician notes
  • Comprehensive EMRs
  • Basic without clinician notes
  • Chart: Electronic Medical Records Systems Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Health maintenance organizations
  • Practices with 11 or more physicians
  • Community health centers
  • Academic health centers
  • Practices with fewer than 10 physicians
  • Solo practitioners
  • Chart: Major Market Segmentation for the Electronic Medical Records Systems Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Electronic Medical Records Systems

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electronic Medical Records Systems Industry

  • Industry Globalization
    Epic Systems Corp., Cerner Corporation,
  • Table: Epic Systems Corp. - financial performance
  • Table: Cerner Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electronic Medical Records Systems Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electronic Medical Records Systems Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Private investment in computers and software (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ambulatory Care
  • Ambulatory care refers to healthcare consultations or treatment given on an outpatient basis.
  • Application Service Provider (Asp)
  • ASPs manage and distribute software-based services and solutions to customers across a wide area network from a central data center.
  • Cloud-Based Software
  • Cloud-based software enables industry operators to provide information to clients on the internet through web-based tools and applications rather than a server.
  • Electronic Health Record (Ehr)
  • An EHR is a file that includes information on all aspects of a patient's healthcare experiences and needs, including the patient's electronic medical records (EMRs) from provider visits.
  • Electronic Medical Record (Emr)
  • An EMR is a digital medical chart, sometimes used solely with a single healthcare practice.
  • Meaningful Use
  • Meaningful use refers to a series of standards used to determine whether a healthcare provider's adoption of EHR is sufficient to qualify for Medicare and Medicaid incentives and penalty exemptions.
  • Software As A Service (Saas)
  • SaaS is a software licensing model that is centrally hosted and typically delivered on a subscription basis.
  • What Our Customers Say

    Why buy this report?

    The Electronic Medical Records Systems Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electronic Medical Records Systems:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electronic Medical Records Systems market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electronic Medical Records Systems, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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