Please Wait.....
Report
US Electronic Health Record (EHR) Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Installation Type (Cloud-Based and On-Premise), Type (Acute Electronic Health Record Market, Ambulatory Electronic Health Record Market, and Post-Acute Electronic Health Record Market), Application (Clinical Records, Administrative Task and Billing, Physician Support, and Patient Portal), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Physicians Office/Specialty Care Centers))
Market Report I 2023-11-15 I 114 Pages I The Insight Partners
The US Electronic Health Record market is expected to grow from US$ 15.634 billion in 2022 to US$ 39.993 billion by 2030; it is estimated to grow at a CAGR of 12.5% from 2022 to 2030. The report highlights trends prevailing in the market and factors driving the market growth. The market growth is attributed to the increasing adoption of electronic health records, rising incentives by the federal government, and growing incidences of medication errors, which are driving the US Electronic Health Record market size and growth. Additionally, combining electronic health records with artificial intelligence and voice recognition is likely to emerge as a significant trend in the market during the forecast period. However, concerns regarding data privacy hinder market growth during the forecast period 2022-2030.
Rising Incentives by the Federal Government drive the market in the forecast period.
The government has invested billions in training health information technology workers and founding regional extension centers to provide technical advice. In 2009, as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act, the federal government reserved US$ 27 billion for an incentive program that inspires hospitals and providers to implement Electronic Health Records systems that would enable the health data historically confiscated in paper files to be shared among providers and use to improve the healthcare quality.
The Medicare Electronic Health Record Incentive Program is governed by the Centers for Medicare & Medicaid Services (CMS). In the US, the Medicare and Medicaid Electronic Health Records Incentive Programs offer incentives to hospitals, physicians, and other healthcare facilities for meaningful use of certified Electronic Health Records technology. A qualified professional or hospital can get a maximum incentive amount of up to US$ 63,750 through the Medicaid Electronic Health Records Incentive Program and up to US$ 44,000 through the Medicare Electronic Health Records Incentive Program. This incentive program succeeded in inspiring many healthcare facilities to adopt Electronic Health Records systems.
Combining Electronic Health Records with Artificial Intelligence and Voice Recognition is the upcoming market trend.
Voice recognition technology is an excellent asset for Electronic Health Records systems as it helps clinicians enter information and patient data hands-free. In addition, it reduces incorrectness and errors by dictating records in Electronic Health Records, which further accelerates the information recording process.
There is a track record of artificial intelligence transforming the healthcare sector by helping doctors recognize historical trends about the condition of a patient and make diagnoses. For instance, a physician would ask the Electronic Health Records system about the last recorded iron levels from a patient's blood test by using voice-enabled technology. After giving the instructions, the system will report to the doctors about the health status of the patient. This is a working example of how Northwell Health and Allscripts have already partnered to start developing AI-based, Voice-Enabled Electronic Health Records. It will be a beneficial system for providers with hectic work schedules. Further, Saykara has received a 2021 BIG Innovation Award for its AI voice assistant that produces clinical notes, orders, referrals, and more by ambiently listening to conversations between physicians and patients. The assistant "Kara" is accessible via a mobile app that extracts meaning and intent from what it hears and then populates both structured and narrative data in the electronic health records. Besides, Epic is in the process of developing an AI Electronic Health Records documentation assistant. Furthermore, Google is recruiting talent to help build artificial intelligence and voice recognition tools to improve the clinical documentation process and streamline Electronic Health Records workflows.
Report Segmentation and Scope -
The "US electronic health record market" is segmented on the basis of installation type, type, application, and end user. Based on installation type, the market is segmented into cloud-based and on-premise. In terms of type, the US Electronic health record market is divided into acute electronic health records, ambulatory electronic health records, and post-acute electronic health records. By application, the market is segmented into clinical records, administrative tasks and billing, physician support, and patient portals. Based on end users, the market is segmented into hospitals and clinics, physician's offices/specialty care centers, and ambulatory surgical centers.
The US electronic health record market, by installation type, is bifurcated into cloud-based and on-premise. The cloud-based segment held a larger share of the market in 2022 and is anticipated to register a higher CAGR of 12.7% during 2022-2030. A cloud-based electronic health record allows patient health files to be stored in the cloud rather than saved on the healthcare facility's internal servers. The collected data is organized and maintained in actionable and shareable formats to allow effective communication between healthcare providers, third-party payers, and patients. Cloud-based electronic health records are popular among physicians and healthcare providers operating on a smaller scale as these systems can be installed without any requirement for in-house servers and offer a wide range of customizations and improvements as per their needs. Cloud-based solutions are cost-effective as cloud computing decreases the cost of managing and maintaining IT systems. Cloud-based electronic health records offer flexibility and enable the user to access the data remotely.
Additionally, developments by market leaders in this segment are likely to improve the market growth. For instance, in July 2020, Cerner launched CommunityWorks Foundations, a cloud-based electronic health record platform, to reduce the cost of traditional electronic health record systems in rural and critical access hospitals. Similarly, in December 2020, Amazon's cloud division introduced a new tool, Amazon HealthLake, for healthcare organizations to search and analyze data.
The US is the largest market for electronic health records in North America. The transformation of digital healthcare majorly drives the market, the increasing number of chronic diseases, and support from the federal government to implement electronic health records in order to improve the quality of care. Other factors, such as the introduction of advanced software technologies in healthcare, a higher number of hospitals, and the implementation of strategic government policies, also aid in promoting the expansion of the US electronic health records market. Additionally, the need for automated systems due to the increasing patient population and crunch of healthcare resources are projected to fuel the adoption of electronic health records systems in the US. Emphasis on error reduction in hospital administrative work, which causes considerable mortalities, is also prominently anticipated to drive the growth of the market during the forecast period. For instance, as per a study published in the Journal of Patient Safety, an estimated 400,000 patient casualties are caused due to administrative errors in the US each year.
Companies in the US Electronic Health Record market adopt various organic and inorganic strategies. The organic strategies mainly include product launches and product approvals. Further, inorganic growth strategies witnessed in the market are acquisitions, collaborations, and partnerships. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall market growth. Further, acquisition and partnership strategies help the market players strengthen their customer base and expand their product portfolios. A few of the significant developments by key players in the US Electronic Health Record market are listed below.
The Office of the National Coordinator for Health Information Technology (ONC), The New England Journal of Medicine, Definitive Healthcare, Johns Hopkins, HIPPA Journal, and the Healthcare Financial Management Association are a few of the major primary and secondary sources referred to while preparing the report on the US Electronic Health Record market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. US Electronic Health Record Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 US PEST Analysis
5. US Electronic Health Record Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Electronic Health Records
5.1.2 Rising Incentives by Federal Government
5.1.3 Growing Incidence of Medication Errors
5.2 Market Restraints
5.2.1 Concerns Regarding Data Privacy
5.3 Market Opportunities
5.3.1 Growing Strategic Initiatives
5.4 Future Trends
5.4.1 Combining Electronic Health Records with Artificial Intelligence and Voice Recognition
5.5 Impact Analysis
6. US Electronic Health Record Market - Revenue and Forecast to 2030
6.1 US Electronic Health Record Market Revenue (US$ Mn), 2022 - 2030
6.1.1 US Electronic Health Record Market, by Installation Type, 2020-2030 (US$ Million)
6.1.2 US Electronic Health Record Market, by Type, 2020-2030 (US$ Million)
6.1.3 US Electronic Health Record Market, by Application, 2020-2030 (US$ Million)
6.1.4 US Electronic Health Record Market, by End User, 2020-2030 (US$ Million)
7. US Electronic Health Record Market - Revenue and Forecast to 2030 - by Installation Type
7.1 Overview
7.2 US Electronic Health Record Market Revenue Share, by Installation Type 2022 & 2030 (%)
7.3 Cloud-Based
7.3.1 Overview
7.3.2 Cloud-Based: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
7.4 On-Premise
7.4.1 Overview
7.4.2 On-Premise: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
8. US Electronic Health Record Market - Revenue and Forecast to 2030 - by Type.
8.1 Overview
8.2 US Electronic Health Record Market Revenue Share, by Type 2022 & 2030 (%)
8.3 Acute electronic health records
8.3.1 Overview
8.3.2 Acute electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Ambulatory electronic health records
8.4.1 Overview
8.4.2 Ambulatory electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Post-Acute electronic health records
8.5.1 Overview
8.5.2 Post-Acute electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
9. US Electronic Health Record Market - Revenue and Forecast to 2030 - by Application.
9.1 Overview
9.2 US Electronic Health Record Market Revenue Share, by Application 2022 & 2030 (%)
9.3 Clinical Records
9.3.1 Overview
9.3.2 Clinical Records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Administrative Task and Billing
9.4.1 Overview
9.4.2 Administrative Task and Billing: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Physician Support
9.5.1 Overview
9.5.2 Physician Support: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Patient Portal
9.6.1 Overview
9.6.2 Patient Portal: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
10. US Electronic Health Record Market - Revenue and Forecast to 2030 - by End User
10.1 Overview
10.2 US Electronic Health Record Market Revenue Share, by End User 2022 & 2030 (%)
10.3 Hospitals & Clinics
10.3.1 Overview
10.3.2 Hospitals & Clinics: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
10.4 Ambulatory Surgical Centers
10.4.1 Overview
10.4.2 Ambulatory Surgical Center (ASC): US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Physician's Office/Speciality Care Centers
10.5.1 Overview
10.5.2 Physician's Office/Speciality Care Centers: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
11. US Electronic Health Record Market -Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Oracle Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AltexSoft Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Veradigm Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Greenway Health LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 eClinicalWorks LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Infor-Med Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Microwize Technology Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Athenahealth Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 ChipSoft BV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 CureMD.com Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 AdvancedMD Inc
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 PracticeSuite Inc
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About Us
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Electronic Health Record Market Segmentation
Table 2. US Electronic Health Record Market, by Installation Type - Revenue and Forecast to 2030 (US$ Million)
Table 3. US Electronic Health Record Market, by Type - Revenue and Forecast to 2030 (US$ Million)
Table 4. US Electronic Health Record Market, by Application - Revenue and Forecast to 2030 (US$ Million)
Table 5. US Electronic Health Record Market, by End User - Revenue and Forecast to 2030 (US$ Million)
Table 6. Organic Developments in the US Electronic Health Record Market
Table 7. Inorganic Developments in the US Electronic Health Record Market
Table 8. Glossary of Terms, US Electronic Health Record Market
LIST OF FIGURES
Figure 1. US Electronic Health Record Market Segmentation
Figure 2. US - PEST Analysis
Figure 3. US Electronic Health Record Market: Key Industry Dynamics
Figure 4. US Electronic Health Record Market: Impact Analysis of Drivers and Restraints
Figure 5. US Electronic Health Record Market Revenue (US$ Mn), 2020 - 2030
Figure 6. US Electronic Health Record Market Revenue Share, by Installation Type 2022 & 2030 (%)
Figure 7. Cloud-Based: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. On-Premise: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. US Electronic Health Record Market Revenue Share, by Type 2022 & 2030 (%)
Figure 10. Acute electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Ambulatory electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Post-Acute electronic health records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. US Electronic Health Record Market Revenue Share, by Application 2022 & 2030 (%)
Figure 14. Clinical Records: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Administrative Task and Billing: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Physician Support: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Patient Portal: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. US Electronic Health Record Market Revenue Share, by End User 2022 & 2030 (%)
Figure 19. Hospitals & Clinics: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Ambulatory Surgical Centers: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Physician's Office/Specialty Care Centers: US Electronic Health Record Market - Revenue and Forecast to 2030 (US$ Million)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security