EMR 2012: The Market for Electronic Medical Records

NEW YORK, April 10, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

EMR 2012: The Market for Electronic Medical Recordshttp://www.reportlinker.com/p0833392/EMR-2012-The-Market-for-Electronic-Medical-Records.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Imaging

This report, EMR 2012 is a look at the market and trends impacting electronic medical record software and related services. Included in the report are statistics influencing the industry, demographics; life expectancy, and company strategies. Information is presented as a U.S. market, with a section on key international markets. A market summary includes a total market analysis. Also included is a competitive analysis of leading EMR system providers. As part of its research, the report includes:

• 2011 Market Estimates for EMR, and Growth since 2009

• Market Forecast to 2016

• Market Share of Top Vendors

• Hospital and Physician EMR Usage Statistics

• Pricing of Select EMR Systems and ROI for Physicians

• Overview of EMR, EHR, CPOE and other Functions

• Impact of Incentives and Disincentives for Paper Submission

• Breakout of Hospital EMR Market and Physician/Web EMR Market

• Key Trends in the Industry

• Profiles of Major Vendors and Smaller Companies to Watch

• Mergers and Acquisitions

• Current Vendors with CCHIT Qualification

• Summary of Third-Party EMR User Survey Results

• Analyst Conclusions Regarding the EMR Market

Kalorama's Most Current Analysis and Estimate of this Growing Industry

The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with more than 21 key industry officials, consultants, health care providers, and government personnel. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives.Trends Marketers Need to Know AboutAs part of its comprehensive look at the market, the report examines the following trends and others:

• Meaningful Use

• Economic Stimulus Package

• Stimulus Guarantee

• Challenges to Healthcare Reform

• Cloud Computing

• Personnel Issues

• Security Breaches/Portable Devices

• Tablet Adoption

• New Network for Doctors

• National Physician Education Program

• ICD-10 controversy

• Physician Position and Usability

• Accountable Care Organizations

• The Personal Health Record System

• Doctor's Surveys –AAFP, ACP, Medscape

• Interoperability

• Dimensions of Interoperability

• Benefits

• Smart Cards Technology

• Wireless Technologies

• Open Source EMR Applications

All market data pertains to the world market at the manufacturers' level. The base year for data was 2011. Historical data was provided for the years 2009 and 2010, with forecast data provided for 2012 through 2016. Compound annual growth rates (CAGRs) are provided for the 2009-2011 and 2012-2016 periods for each region and/or segment covered. Competitive analysis is provided for the year 2011. The forecasted market analysis for 2012-2016 was largely based on demographic trends, new developments, company performance trends, merger and acquisitions, and national expansion.

CHAPTER ONE: EXECUTIVE SUMMARY

Industry at a Glance

Physician Use of EMR

Hospital Use of EMR

Size and Growth of the Market

Key Issues and Trends Affecting the Market

Leading Market Participants

Conclusions

Scope and Methodology

CHAPTER TWO: INDUSTRY OVERVIEW

Introduction

The Medical Record

The Electronic Medical Record

Industry Terminology

Industry Structure

Advantages

Increased Access and Efficiency

Improved Documentation

Quality of Care

Increased Resources

Quality Assurance

Eliminates Costs

Disadvantages

Reliability

Accountability

Patient Privacy

EMR Software

ardware Requirements

omponents of an EMR

Administrative System Components

Laboratory System Components

Radiology System Components

Pharmacy System Components

Computerized Physician Order Entry

Clinical Documentation

Flow of Patient Data across Various Components

Pricing of EMRs

US EMR Adoption Model

EMR Adoption Rates

CHAPTER THREE: EMERGING TRENDS

Meaningful Use

Economic Stimulus Package

Stimulus Guarantee

Challenges to Healthcare Reform

Virtualization Technology

Storage Area Networks

Cloud Computing

Dashboard modules

Mergers and Acquisitions

Stark Law

Discreet Recordable Transcription

Health Information Exchange Update

Regional Extension Centers

Personnel Issues

Security Breaches/Portable Devices

Tablet Adoption

New Network for Doctors

National Physician Education Program

ICD-10 controversy

Physician Position and Usability

Accountable Care Organizations

The Personal Health Record System

Doctor's Surveys –AAFP, ACP, Medscape

Interoperability

Dimensions of Interoperability

Benefits

Smart Cards Technology

Wireless Technologies

Open Source EMR Applications

Benefits of Open Source EMR Applications

Adoption Issues

Usability And Adoption

Physician Group Practices And the Recession

Quality of Care/Malpractice/Security

Cost-Benefit Analysis

ROI for a Typical Physician Practice

EHR Incentive Program

Implementation Costs and ROI for Hospitals

Summary

Privacy Issues

Technology Limitations

Social and Organizational Barriers

E-Prescribing

CCHIT

NHIN

Results of Wal-Mart and DELL Launches

Direct PPC Offerings

Healthcare Spending US and International

Europe Asia, and Other EMR Markets

The US Market

CHAPTER FOUR: LEADING MARKET PARTICIPANTS

Allscripts Healthcare Solutions

Aprima Medical Software, Inc

Cerner Corporation

Computer Programs and Systems, Inc.

eClinicalworks

Epic Systems, Inc.

GE Healthcare

Medical Information Technology, Inc. (MEDITECH, Inc.)

MedPlus, Inc.

McKesson Corporation

NextGen Healthcare Information Systems/QSI

Practice fusion

Quadramed Corporation

Siemens Medical Solutions

CHAPTER FIVE: COMPANIES IN BRIEF

Abraxas Medical Solutions

ADP AdvancedMD

Amazing Charts

Athenahealth

BizMatics

ChartLogic

CureMD

e-MDs

Dr First/Rcop

Greenway Medical Technologies

Healthland

Health Management Systems

Henry Schein

Keane

LLS Data Systems

Medsphere Systems

MeridianEMR, Inc

Nightingale Infomatix

Sequel Systems, Inc

SoapWare, Inc

StreamLine MD

SuiteMed

Vitera Healthcare Solutions

Waiting Room Solutions

Web PT

CHAPTER SIX: MARKET ANALYSIS

Market Overview

Market by Segment

Hospital EMR Market

Physician EMR Market

Competitive Analysis

Hospital Market Leaders

Physician Office EMR Market Leaders

CHAPTER SEVEN: CONCLUSIONS

Overview

One: Physician Practices Still High Growth Area

Two: Meaningful Use Confusion Still A Factor For industry

Three: No Clear Leader Still, Opportunity For New Players

Four: Expect More Mergers and Acquisitions

Five: Interoperability A Major Hurdle

(And Eight Other Important Conclusions About the Market...)

APPENDIX I: DEFINITION OF INDUSTRY PRODUCTS

APPENDIX II: LIST OF SELECT MAJOR COMPANIES

LIST OF EXHIBITS

CHAPTER ONE: EXECUTIVE SUMMARY

Figure 1-1: Percentage EMR Usage by Physicians , 2006-2011

Figure 1-2: Growth Rate of EMR Usage

Figure 1-3: "Fully Functional" Physician Use of EMR vs. "Basic Use," 2006-2011

Figure 1-4: Hosptiials at Stage 3 or higher

Table 1-1: EMR Market Analysis, 2009-2011

Table 1-2: Forecasted EMR Market Analysis: 2012-2016

Figure 1-5: EMR Market Analysis: 2009-2016

Figure 1-6: Market Share of EMR Providers, percent 2011

CHAPTER TWO: INTRODUCTION

Table 2-1: EMR Terminology

Table 2-2: Physician Adoption of EMRs 2006-2011 (Basic System and Fully Functional System)

Figure 2-1: Overall Physician Adoption of EMRs 2006-2010

Table 2-3: Percentage of Office-based Physicians Using Select EMR Features (US, 2007)

Table 2-4: Percentage Installation of Various Clinical Applications in Hospitals (US, 2009)

Figure 2-5: EMR/EHR Adoption for Acute Care Hospitals 2008-2011

Table 2-6: Average Total Cost for a Three-physician Practice for EMR/PMS Installations (2011)

Table 2-7: Total Cost Range for EMR/PMS Installations (2011)

Table 2-8: Two-year Total Cost for EMR/PMS Installations/Subscriptions 2009-2011 Selected Products (not including team costs)

Table 2-9: US EMR Hospital Adoption Model

Table 2-10: Ownership vs Non-ownership Adoption Rates 2010

Table 2-11: Doctors Office Adoption Rates 2011

CHAPTER THREE: EMERGING TRENDS

Table 3-1: HITECH Act Subsidy Plan

Table 3-2: Mergers and Acquisitions

Table 3-3 AAFP Most Commonly Cited EMR Companies Results 2011

Table 3-4 ACP /American EHR Partners Cited Companies List

Table 3-5: Cost Break-up for a Typical One-Physician Practice (5-year period)

Figure 3-1: Distribution of Cumulative Savings

Table 3-6: EHR Incentive Program Payments 2011

Table 3-7: Vendor Product Certifications 2006

Table 3-8: CCHIT 2007 Vendor Certifications

Table 3-9: CCHIT 2008 Vendor Certifications

Table 3-10: EMR/EHR Certifications 2010

Table 3-11: Modular System Certifications 2010

Table 3-12: System Certification in 2011 123

Figure 3-2: By Sector Contribution to the US GDP (2009)

Figure 3-3: The US Healthcare Spending (2009-2020)

CHAPTER FOUR: LEADING MARKET PARTICIPANTS

Table 4-1: Mergers and Acquisitions 2010-2011

Figure 4-2: Allscripts Healthcare Solutions Revenues 2009-2011 ($million)

Figure 4-3: Cerner Revenues 2008-2010 ($millions)

Figure 4-4: CPSI Revenues 2009-2011 ($millions)

Figure 4-5: eClinicalWorks Revenues, 2009-2011 ($millions)

Figure 4-6: Epic (estimated) Revenues 2009-2011 ($millions)

Figure 4-7: GE Healthcare Applications Revenues 2009-2011 ($millions)

Figure 4-8: MEDITECH Revenues 2009-2011 ($ millions)

Figure 4-9: MedPlus Revenues 2009-2011 ($millions)

Figure 4-10: McKesson Revenues, 2009-2011 ($millions)

Figure 4-11: NextGen Revenues, 2009-2011 ($millions)

Figure 4-12: Siemens Medical Solutions Revenues, 2009-2011 ($millions)

CHAPTER SIX: MARKET ANALYSIS

Table 6-1: EMR Market Analysis, 2009-2011

Table 6-2: Forecasted EMR Market Analysis: 2012-2016

Figure 6-1: EMR Market Analysis: 2009-2016

Table 6-3: Hospital EMR Market Analysis 2009-2011

Table 6-4: Forecasted Hospital EMR Market Analysis: 2012-2016

Figure 6-2: Hospital EMR Market Analysis: 2009-2016

Table 6-5: Physician/Web-based EMR Market Analysis 2009-2011

Table 6-6: Forecasted Physician/Web-based EMR Market Analysis: 2012-2016

Figure 6-3: Physician/Web-based EMR Market Analysis: 2009-2016

Figure 6-4: EMR Market Breakdown, Physician/Web vs. Hospital 2011

Figure 6-5: EMR Market Breakdown, Physician/Web vs. Hospital 2016

Table 6-7 Notable Companies

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