Ambulatory Electronic Health Records (EHR) is designed for outpatient care facilities and other similar and smaller practices. Medical officials have access to patients’ medical history, which is stored in an electronic database or cloud. This includes all the records of ongoing or any past treatment and surgeries where the patient was not admitted to a hospital.
Ambulatory EHR solutions are easierthan their subtype; inpatient EHRs. It deals with a single practice and its patients unlike anintricate web of hospital departments that any one patient interacts with. It easier for doctors to track the patients’ medical records and plan for their long-term care. Physicians also use these systems to collect specific and detailed information about all the patients, and provide complete documentation of their health records. The history in the ambulatory EHR includes documents of injuries, diagnoses, treatments, prescriptions, visits, and other medical records.
COVID-19 scenario analysis:
With the outbreak of COVID-19 globally and the stipulated lockout, there is an ongoing downturn in the healthcare market. Aside from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategy to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.
Technological progress, cost containment, and increased access will shortly be an integral part of healthcare reforms. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care, and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, this segment's growth will increase several folds over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. Besides, it greatly reduces the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which will accelerate the market growth in the future.
Owing to such factors, COVID 19 is expected to have a significant impact on the Ambulatory EHR market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Government support for the adoption of Healthcare Information Technology, an increase in usage of EHR solutions, and the need to curtail healthcare costs are the most important factors driving the growth of the ambulatory EHR market. Computerized data entry, easier execution in billing management, secure exchange of medical information, supporting clinical decision, minimum time required for billing are also impacting the global ambulatory EHR market. The rapid adoption of EHR systems is, thus, helping the ambulatory EHR market grow.
Additionally, various hospitals and clinics around the world are getting help from their governments to convert traditional health records to electronic databases. Increasing need for fluid movement of healthcare information and technological advancements are also enhancing the market growth.
On the other hand, the investment involved in setting up an ambulatory EHR system in any practice is very high and the latest technology and software are also required to keep the data up-to-date, which increases the cost of EHR deployment.
New technological advancements and innovations being introduced like wireless connectivity, radio connection and cloud services entering and dominating in the healthcare sector, there has also been a significant rise in the usage of portable devices among the healthcare professionals and patients around the globe. This has increased the risk of security of private information of the patients becoming the key barrier in the acceptance of EHR solutions, which is further affecting the growth of the ambulatory EHR market negatively.
New product launches to flourish the market:
On August 6th, 2019, Cerner developed Cerner Learning Health Network, which was piloted by the program with Duke Clinical Research Institute. This worked on helping automatic data collection from multiple sources, which includes the electronic health record (EHR), to rapidly give medical researchers secure and compliant access to important information that has the potential to transform patient care.
On March 30th, 2020, Allscripts announced to help U.S. healthcare organizations rapidly implement telehealth support for virtual patient visits. The company offered streamlined telehealth implementation to health systems through its EHR-agnostic patient engagement platform in the COVID-19.
Surge in usage in hospital applications:
Various ASCs and hospital-owned centers hold the highest number of end-users of the global market. Recently, they have been an increase in the number of hospitals that are affecting the demand for EHRs. The rising number of chronic diseases and their patient base is leading to rapid acquisitions of these solutions in hospital-owned ambulatory centers.
Key benefits of the report:
- This study presents the analytical depiction of the global Ambulatory EHR industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Ambulatory EHR market share.
- The current market is quantitatively analyzed to highlight the global Ambulatory EHR market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Ambulatory EHR market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Ambulatory EHR Market research report:
- What are the leading market players active in the Ambulatory EHR market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Ambulatory EHR Market Report Highlights
By Delivery Mode
By End Users
Key Market Players
McKesson Corporation, Practice Fusion, Inc., Cerner Corporation, NextGen Healthcare Information Systems, LLC, Allscripts Healthcare Solutions, Inc, eClinicalWorks, Amazing Charts, LLC, Epic Systems Corporation, Athena Health, Inc., GE Healthcare