U.S. - Electronic Medical Records Market (2010 – 2015) Total Page No. 233 TABLE OF CONTENTS EXECUTIVE SUMMARY ? OBJECTIVE ? MARKET SCENARIO ? FUTURE TRENDS 1 INTRODUCTION 1.1 KEY TAKE-AWAYS 1.2 REPORT DESCRIPTION 1.3 MARKETS COVERED 1.4 STAKEHOLDERS 1.5 RESEARCH METHODOLOGY 2 SUMMARY 3 MARKET OVERVIEW 3.1 INTRODUCTION 3.1.1 DEFINITION OF EMR 3.1.2 EMR ENVIRONMENT 3.1.3 NEED FOR AN EMR SOLUTION 3.1.4 EMR VERSUS EHR 3.1.5 SEGMENTATION OF EMR MARKET 3.2 KEY MARKET DYNAMICS 3.2.1 DRIVERS 3.2.1.1 Healthcare reforms & Federal incentives to contain healthcare costs 3.2.1.2 Growing need of integrated healthcare system 3.2.1.3 Increasing share of IT in healthcare expenditure 3.2.1.4 Improved quality of care through EMR implementation 3.2.1.5 Increased ROI through efficient utilization of EMR 3.2.2 RESTRAINTS 3.2.2.1 Interoperability & integration issues 3.2.2.2 Privacy & security issues 3.2.2.3 Reluctance for EMR use by doctors 3.2.3 OPPORTUNITIES 3.2.3.1 Manpower shortage in the healthcare industry 3.2.3.2 Increasing patient centric approach 3.3 KEY INDUSTRY INSIGHTS 3.3.1 WINNING IMPERATIVES 3.3.1.1 Development of interoperable solutions 3.3.1.2 Provide financing solutions 3.3.1.3 Intensive marketing strategies 3.3.2 GROWTH OF WEB-BASED EMR MARKET IN U.S. 3.3.3 ENTRY OF WAL-MART, DELL, IBM 3.3.3.1 Wal-Mart partnering with Dell & eClinicalWorks 3.3.3.2 Expected entry of Microsoft into EMR market 3.3.4 CONSOLIDATION OF EMR VENDORS 3.3.5 POTENTIAL ENTRY OF PHARMACEUTICAL COMPANIES 3.4 MARKET SHARE ANALYSIS 3.4.1 PHYSICIAN OFFICES: EMR MARKET SHARE 3.4.2 HOSPITALS: EMR MARKET SHARE 3.5 COST BENEFIT ANALYSIS 3.5.1 COST OF EMR ADOPTION 3.5.2 BENEFITS & ROI OF EMR ADOPTION 3.5.2.1 Time saving 3.5.2.2 Improved E&M coding 3.5.2.3 Reduced storage & maintenance cost 3.5.2.4 Reduction in transcription costs 3.5.2.5 Improved claims management 3.5.2.6 Improved charge capture 4 REGULATORY ENVIRONMENT 4.1 INTRODUCTION 4.2 REGULATORY BODIES 4.2.1 OFFICE OF NATIONAL COORDINATOR FOR HEALTH INFORMATION TECHNOLOGY (ONC) 4.2.1.1 Standards & certifications 4.2.1.1.1 Certification Commission for Healthcare Information Technology 4.2.1.1.2 Meaningful use 4.2.1.2 Privacy & security 4.2.2 HEALTHCARE INFORMATION TECHNOLOGY STANDARDS PANEL (HITSP) 4.3 AMERICAN RECOVERY AND REINVESTMENT ACT INCENTIVES 4.3.1 MEDICAID INCENTIVES 4.3.2 MEDICARE INCENTIVES 5 EMERGING TRENDS IN EMR 5.1 INTRODUCTION 5.2 EMERGING TECHNOLOGY TRENDS 5.2.1 SMART CARDS 5.2.2 SPEECH ENABLED EMR 5.2.3 INTEROPERABLE EMR SYSTEMS 5.3 EMERGING APPLICATION AREAS 5.3.1 CLINICAL TRIALS 5.3.2 PERSONAL HEALTH RECORD SYSTEM 6 EMR STANDARDS 6.1 INTRODUCTION 6.2 HL7 6.3 DICOM 6.4 ISO 6.4.1 ISO 18308 6.4.2 ISO/TC 215 6.5 ASTM 6.6 CEN 13606 7 EMR MARKET BY COMPONENTS 7.1 INTRODUCTION 7.2 EMR HARDWARE MARKET 7.3 EMR SOFTWARE MARKET 7.3.1 WEB-BASED EMR 7.3.2 CLIENT-SERVER-BASED EMR 7.4 EMR SERVICES MARKET 7.4.1 CONSULTING SERVICES 7.4.2 IMPLEMENTATION SERVICES 7.4.3 POST-SALES & MAINTENANCE SERVICES 7.4.4 TRAINING SERVICES 8 EMR MARKET BY END-USERS 8.1 INTRODUCTION 8.2 HOSPITALS 8.2.1 MARKET SIZE 8.3 PHYSICIAN OFFICES 8.3.1 MARKET SIZE 9 EMR MARKET BY APPLICATIONS 9.1 INTRODUCTION 9.2 GENERAL APPLICATION EMR 9.3 SPECIALTY SPECIFIC EMR 10 EMR BUYING CRITERIA (2010 VERSUS 2015) 10.1 INTRODUCTION 10.2 COST OF IMPLEMENTATION 10.3 INTEROPERABILITY 10.4 STANDARDIZATION 10.5 EASE OF OPERATION 10.6 VENDOR SUPPORT 10.7 SCALABILITY 11 STRATEGIC SOLUTIONS FOR MARKET PLAYERS 12 COMPETITIVE LANDSCAPE 12.1 KEY DEVELOPMENTS 12.1.1 MERGERS & ACQUISITIONS 12.1.2 AGREEMENTS & COLLABORATIONS 12.1.3 NEW PRODUCT LAUNCH 12.1.4 OTHER DEVELOPMENTS 13 COMPANY PROFILES 13.1 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS INC 13.1.1 OVERVIEW 13.1.2 PRODUCTS & SERVICES 13.1.3 FINANCIALS 13.1.4 STRATEGY 13.1.5 DEVELOPMENTS 13.2 APRIMA MEDICAL SOFTWARE INC 13.2.1 OVERVIEW 13.2.2 PRODUCTS & SERVICES 13.2.3 FINACIALS 13.2.4 STRATEGY 13.2.5 DEVELOPMENTS 13.3 ATHENAHEALTH INC 13.3.1 OVERVIEW 13.3.2 PRODUCTS & SERVICES 13.3.3 FINANCIALS 13.3.4 STRATEGY 13.3.5 DEVELOPMENTS 13.4 BIZMATICS INC 13.4.1 OVERVIEW 13.4.2 PRODUCTS & SERVICES 13.4.3 FINANCIALS 13.4.4 STRATEGY 13.4.5 DEVELOPMENTS 13.5 CERNER CORP 13.5.1 OVERVIEW 13.5.2 PRODUCTS & SERVICES 13.5.3 FINANCIALS 13.5.4 STRATEGY 13.5.5 DEVELOPMENTS 13.6 COMPUTER PROGRAMS AND SYSTEMS INC 13.6.1 OVERVIEW 13.6.2 PRODUCTS & SERVICES 13.6.3 FINANCIALS 13.6.4 STRATEGY 13.6.5 DEVELOPMENTS 13.7 ECLINICALWORKS LLC 13.7.1 OVERVIEW 13.7.2 PRODUCTS & SERVICES 13.7.3 FINANCIALS 13.7.4 STRATEGY 13.7.5 DEVELOPMENTS 13.8 E-MDS INC 13.8.1 OVERVIEW 13.8.2 PRODUCTS & SERVICES 13.8.3 FINANCIALS 13.8.4 STRATEGY 13.8.5 DEVELOPMENTS 13.9 EPIC SYSTEMS 13.9.1 OVERVIEW 13.9.2 PRODUCTS & SERVICES 13.9.3 FINANCIALS 13.9.4 STRATEGY 13.9.5 DEVELOPMENTS 13.10 GE HEALTHCARE 13.10.1 OVERVIEW 13.10.2 PRODUCTS & SERVICES 13.10.3 FINACIALS 13.10.4 STRATEGY 13.10.5 DEVELOPMENTS 13.11 GREENWAY MEDICAL TECHNOLOGIES INC 13.11.1 OVERVIEW 13.11.2 PRODUCTS & SERVICES 13.11.3 FINANCIALS 13.11.4 STRATEGY 13.11.5 DEVELOPMENTS 13.12 HEALTHCARE MANAGEMENT SYSTEMS INC 13.12.1 OVERVIEW 13.12.2 PRODUCTS & SERVICES 13.12.3 FINANCIALS 13.12.4 STRATEGY 13.12.5 DEVELOPMENTS 13.13 HEALTHLAND 13.13.1 OVERVIEW 13.13.2 PRODUCTS & SERVICES 13.13.3 FINANCIALS 13.13.4 STRATEGY 13.13.5 DEVELOPMENTS 13.14 INFOR-MED MEDICAL INFORMATION SYSTEMS INC 13.14.1 OVERVIEW 13.14.2 PRODUCTS & SERVICES 13.14.3 FINANCIALS 13.14.4 STRATEGY 13.14.5 DEVELOPMENTS 13.15 INGENIX 13.15.1 OVERVIEW 13.15.2 PRODUCTS & SERVICES 13.15.3 FINANCIALS 13.15.4 STRATEGY 13.15.5 DEVELOPMENTS 13.16 MCKESSON CORP 13.16.1 OVERVIEW 13.16.2 PRODUCTS & SERVICES 13.16.3 FINANCIALS 13.16.4 STRATEGY 13.16.5 DEVELOPMENTS 13.17 MEDICAL INFORMATION TECHNOLOGY INC (MEDITECH) 13.17.1 OVERVIEW 13.17.2 PRODUCTS & SERVICES 13.17.3 FINANCIALS 13.17.4 STRATEGY 13.17.5 DEVELOPMENTS 13.18 NEXTGEN HEALTHCARE INFORMATION SYSTEMS INC 13.18.1 OVERVIEW 13.18.2 PRODUCTS & SERVICES 13.18.3 FINANCIALS 13.18.4 STRATEGY 13.18.5 DEVELOPMENTS 13.19 QHR TECHNOLOGIES INC 13.19.1 OVERVIEW 13.19.2 PRODUCTS & SERVICES 13.19.3 FINANCIALS 13.19.4 STRATEGY 13.19.5 DEVELOPMENTS 13.2 QUADRAMED 13.20.1 OVERVIEW 13.20.2 PRODUCTS & SERVICES 13.20.3 FINANCIALS 13.20.4 STRATEGY 13.20.5 DEVELOPMENTS 13.21 SAGE SOFTWARE HEALTHCARE INC 13.21.1 OVERVIEW 13.21.2 PRODUCTS & SERVICES 13.21.3 FINANCIALS 13.21.4 STRATEGY 13.21.5 DEVELOPMENTS 13.22 SIEMENS HEALTHCARE 13.22.1 OVERVIEW 13.22.2 PRODUCTS & SRVICES 13.22.3 FINANCIALS 13.22.4 STRATEGY 13.22.5 DEVELOPMENTS 13.23 WELLSOFT CORP 13.23.1 OVERVIEW 13.23.2 PRODUCTS & SERVICES 13.23.3 FINANCIALS 13.23.4 STRATEGY 13.23.5 DEVELOPMENTS LIST OF TABLES TABLE 1 U.S.: EMR MARKET REVENUE, BY END-USERS, 2008 – 2015 ($MILLION) TABLE 2 EMR VERSUS EHR TABLE 3 PHYSICIAN OFFICES: EMR INSTALLATIONS, 2010 TABLE 4 HOSPITAL EMR INSTALLATIONS, 2010 TABLE 5 MEDICAID INCENTIVES: BENEFICIARIES TABLE 6 MEDICAID INCENTIVES: PAYMENT SCHEDULE TABLE 7 MEDICARE INCENTIVES: BENEFICIARIES TABLE 8 MEDICARE INCENTIVES: PAYMENT SCHEDULE TABLE 9 EMR COMPONENTS MARKET REVENUE, BY PRODUCTS, 2008 – 2015 ($MILLION) TABLE 10 EMR COMPONENTS MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 – 2015 TABLE 11 EMR SOFTWARE MARKET REVENUE, BY PRODUCTS, 2008 – 2015 ($MILLION) TABLE 12 EMR SOFTWARE MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 - 2015 TABLE 13 U.S.: END-USERS MARKET REVENUE, 2008 - 2015 ($MILLION) TABLE 14 U.S.: END-USERS EMR MARKET Y-O-Y GROWTH RATE, 2009 - 2015 TABLE 15 HOSPITAL EMR MARKET REVENUE, BY PRODUCTS, 2008 - 2015 ($MILLION) TABLE 16 HOSPITAL EMR MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 - 2015 TABLE 17 HOSPITAL EMR SOFTWARE MARKET REVENUE, BY PRODUCTS, 2008 - 2015 ($MILLION) TABLE 18 HOSPITAL EMR SOFTWARE MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 - 2015 TABLE 19 PHYSICIAN OFFICE EMR MARKET REVENUE, BY PRODUCTS, 2008 - 2015 ($MILLION) TABLE 20 PHYSICIAN OFFICE EMR MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 – 2015 TABLE 21 PHYSICIAN OFFICE EMR SOFTWARE MARKET REVENUE, BY PRODUCTS, 2008 - 2015 ($MILLION) TABLE 22 PHYSICIAN OFFICE EMR SOFTWARE MARKET Y-O-Y GROWTH RATE, BY PRODUCTS, 2009 - 2015 TABLE 23 EMR MARKET REVENUE, BY APPLICATIONS, 2008 – 2015 ($MILLION) TABLE 24 EMR MARKET Y-O-Y GROWTH RATE, BY APPLICATIONS, 2009 - 2015 TABLE 25 MERGERS & ACQUISITIONS TABLE 26 AGREEMENTS & COLLABORATIONS, 2008 – 2010 TABLE 27 NEW PRODUCT LAUNCH, 2008 – 2010 TABLE 28 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS: TOTAL REVENUE AND R&D EXPENSES ($MILLION) TABLE 29 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 30 ATHENAHEALTH INC: TOTAL REVENUE AND R&D EXPENSES ($MILLION) TABLE 31 ATHENAHEALTH INC: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 32 CERNER CORP: TOTAL REVENUE AND R&D EXPENSES ($MILLION) TABLE 33 CERNER CORP: TOTAL REVENUE, BY GEOGRAPHY ($MILLION) TABLE 34 CERNER CORP: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 35 COMPUTER PROGRAMS AND SYSTEMS INC: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 36 MCKESSON CORP: TOTAL REVENUE AND R&D EXPENSES ($MILLION) TABLE 37 MCKESSON CORP: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 38 MEDITECH: TOTAL REVENUE, BY COUNTRIES ($MILLION) TABLE 39 MEDITECH: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 40 QHR TECHNOLOGIES INC: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 41 QHR TECHNOLOGIES INC: TOTAL REVENUE, BY COUNTRIES ($MILLION) TABLE 42 SIEMENS HEALTHCARE: TOTAL REVENUE AND R&D EXPENSES ($MILLION) TABLE 43 SIEMENS HEALTHCARE: TOTAL REVENUE, BY SEGMENTS ($MILLION) TABLE 44 SIEMENS HEALTHCARE: TOTAL REVENUE, BY GEOGRAPHY ($MILLION) LIST OF FIGURES FIGURE 1 U.S.: EMR MARKET SIZE (2008 - 2015) FIGURE 2 FRAMEWORK OF INTEGRATED EMR SYSTEM FIGURE 3 EMR MARKET SEGMENTATION FIGURE 4 KEY MARKET DYNAMICS FIGURE 5 EMR MARKET ISSUES & WINNING STRATEGIES FIGURE 6 INTENSIVE MARKETING STRATEGIES FIGURE 7 EMR ADOPTION BY U.S. PHYSICIANS FIGURE 8 PHYSICIAN OFFICES: EMR MARKET SHARE OF VENDORS (2010) FIGURE 9 HOSPITAL EMR MARKET SHARE OF VENDORS (2010) FIGURE 10 ROI ANALYSIS FOR EMR (PER PHYSICIAN BASIS) FIGURE 11 OVERVIEW OF MEANINGFUL USE FIGURE 12 BENEFICIARIES OF SMART CARD APPLICATIONS IN EMR FIGURE 13 MODES OF DATA ENTRY FOR EMR SYSTEMS FIGURE 14 INTEGRATION OF HEALTHCARE SERVICES & RESEARCH FIGURE 15 EMR COMPONENTS MARKET SCENARIO (2010 VERSUS 2015) FIGURE 16 EMR HARDWARE MARKET SIZE (2008 - 2015) FIGURE 17 WEB-BASED EMR MARKET SIZE (2008 - 2015) FIGURE 18 CLIENT-SERVER BASED EMR MARKET SIZE (2008 - 2015) FIGURE 19 EMR SERVICES MARKET SIZE (2008 - 2015) FIGURE 20 HOSPITAL EMR MARKET SIZE (2008 - 2015) FIGURE 21 PHYSICIAN EMR MARKET SIZE (2008 - 2010) FIGURE 22 GENERAL APPLICATION EMR MARKET SIZE (2008 - 2015) FIGURE 23 SPECIALTY SPECIFIC EMR MARKET SIZE (2008 - 2015) FIGURE 24 SPECIALTY SPECIFIC EMR MARKET SCENARIO FIGURE 25 BUYING CRITERIA FOR EMR (2010 VERSUS 2015) FIGURE 26 POSSIBLE STRATEGIES FOR EMR VENDORS FIGURE 27 INTEGRATED APPROACH FOR EXCELLENCE IN SUPPORT SERVICE FIGURE 28 INDUSTRY GROWTH STRATEGIES (2008 – 2010)