Medical Practice Management Software Market to Grow Drastically in North America

JANUARY 27TH, 2016

Medical practice management software (PMS) assists in managing a healthcare business, starting from the scheduling of patients to the generation of periodic reports. Therefore, selecting the appropriate medical practice management system is crucial in any medical practice. The onus of selecting the practice management software and managing it lies with the IT manager in any healthcare providing institution.

The medical practice management software market helps in integration of electronic health records (EHR), in providing interoperability solutions, and assists in the overall practice management process. The software provides solutions on single database platforms, on multi-tenant SaaS deployed on-premise, and even on cloud platforms. The prime factors which invigorate this market are the need for high return on investment, various funding and grants provided by the government, need for better patient-physician coordination, and increase in patient awareness and better health. Choosing the right PMS is a critical task in healthcare management because its functionality greatly determines the overall productivity of the institution in which it is installed. The major challenge faced by PMS users is the time required to completely implement the system in the institution.

The market is set to grow drastically in North America due to government policies in the U.S, especially due to ‘Obamacare’, which makes it compulsory for health care providers to use such software. Europe is the second largest share holder in the global market. With the improvement in the economies of developing countries, Asia is also set to generate huge demand. Some of the major players in medical practice software are Sage Group, NextGen Healthcare, AthenaHealth, eClinicalWorks, MediTouch, and McKesson.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Rest of the World

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