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| Practice Management System (PMS) Market |
Practice
management system (PMS) helps manage the daily operations
of an organization. These systems find wide application across
various verticals in an industry. Increasing investments to upgrade
healthcare facilities, especially in developed regions and growth of
the healthcare IT industry in developing regions, is creating a
highly conducive environment for growth of the practice management
systems market. Increasing adoption of PMS has been witnessed in
emerging nations such as Indian, China, South Africa, and Brazil, in
order to streamline operations and in turn provide better healthcare
facilities in these countries. PMS allows for efficient management of
health data, patient scheduling, billing process, and referral
policies.
Physicians
and group organizations need to maintain large amounts of data of
day-to-day activities. Practice management system addresses these
needs, maintaining critical patient information such as patient
demographics, appointment schedule, insurance payer data, billing,
and diagnostic and treatment history. Practice management system
software are often synchronized with electronic medical record (EMR)
or electronic health records (EMR) software for better hospital
management.
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Increasing
hospital visiting on the back of rising prevalence of Chronic and
Infectious Diseases creating favorable environment for market growth
•
World Health Organization (WHO) estimates that there would be around
24 million cancer cases globally by 2035. In the U.S., over one-third
of the adult population is obese, as revealed by statistics released
by Centers for Disease Control and Prevention (CDC) (2016). As
obesity is a major predisposing factor to various diseases such as
diabetes and other cardiovascular diseases, steep rise in patient
population is expected in the near future.
•
Prevalence of infectious diseases is also on the rise. Moreover,
increasing instanced of drug-resistance has mandated physicians to
maintain medication history of patient.
•
Rapid rise in geriatric population: According to WHO, over 2 billion
individuals worldwide will be aged 60 years and above by 2050. A
detailed report published by CDC projects that by 2030, 20% of the
U.S. population would comprise of geriatric people. The report also
details that cardiovascular diseases is the leading cause of deaths
in adults aged 65 and above in the U.S.
Rapid
rise in patients visiting hospitals mandates efficient keeping of
patient history and record maintenance, in turn fueling growth of the
practice management systems market.
Key
Suppliers In The Global Practice Management Systems Market:
Allscripts
Healthcare Solutions, Inc. Henry Schein MicroMD, Athenahealth, Inc.,
GE Healthcare, NextGen Healthcare Information System LLC, Practice
Fusion, McKesson Corporation, Greenway Medical AdvantEgde Healthcare
Solutions, MediTouch, and Accumedic Computer Systems.
Practice
Management Systems Market Taxonomy:
The
global market is segmented as follows:
Software
type:
•
Desktop-only software - intended for single or few computer sharing
access
•
Client-server software - allow multiple users to share and access
data, and
•
Internet-based software - do need separate server for operation
Delivery
Platform:
•
Web-based
•
Cloud
•
On-premise
Product
Type:
•
Integrated
•
Standalone
Components:
•
Hardware
•
Software
End
Users:
•
Physicians
•
Pharmacists
•
Diagnostic Laboratories
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