Electronic Health Records, more commonly known as EHR are digitalized collection of patient’s health records. These EHR are used by healthcare providers to analyze the clinical information and facilitate the suitable healthcare options. Global EHR market was projected at USD 23.2 billion in 2017. The EHR market provides healthcare facility by web based/cloud based, and client based server mode of delivery options. Among the available categories, the web based mode of delivery is high in demand, leading to its larger share of 51.1% in the global EHR market in 2017.
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The rise in adoption rate of EHR, incorporation of Healthcare information technology (HCIT), and the growing geriatric population with the subsequent rise in number of chronic diseases are factors that will drive the growth of the global EHR market. The government initiatives to go paperless for documentation of healthcare data, and the growing trend of cloud-based EHR software in the industry is expected to grant opportunities to key players of the market.
Incorporation of HCIT will control the rising healthcare spending, and will also provide efficacy in healthcare facilities. The developing economies are increasing their healthcare expenditure for proper development and management of healthcare infrastructure. This provides ample opportunities for market players to invest and expand their presence in these nations, thereby will drive the growth of the global EHR market.
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In January 2017, Cerner Corporation announced the University of Missouri Health Care will extend Cerner’s HealtheIntent population health management platform across the Health Network of Missouri (HNM), which is a collaborative effort of six independent health care organizations that uses different EHR systems.
Key players of the global EHR market include McKesson Corporation, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare Information Systems, LLC, GE Healthcare, Greenway Health, LLC, eClinicalWorks, and athenahealth Inc.