HIS Patient Accounting Systems
Market Opportunities, Strategies, and Forecasts, 2007 to 2013

$3200 - Single Copy or $4200 - Web Posting | Report # SH29821530 | 485 Pages | 122 Tables and Figures | 2007
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HIS Patient Accounting Systems Market Assessment

Check Out These Key Topics!
Market For Healthcare Patient Accounting IT Solutions
Market For Healthcare IT Patient Accounting
Market For Healthcare Patient Accounting IT Market Forecasts
Healthcare Hospital Industry
Consumer- and Employer-Driven Healthcare
Electronic patient record Security Costs
Health Level Seven (HL7) Organization
Benefits Administration
Accounts Payable Markets
Cost Accounting
Healthcare and Healthcare IT Industry
Hospital and Physician Practice Market Conditions
Healthcare Information Technology Market
SOA Engines
Hospital information Software Technology
Leapfrog Group

HIS Patient Accounting Systems
Market Opportunities, Strategies, and Forecasts, 2007 to 2013

The market for hospital IT financial and billing solutions is intensely competitive, rapidly evolving, and subject to rapid technological change. The breadth and quality of solution and service offerings, the stability of the solution provider, the features and capabilities of the information systems and devices, the ongoing support for the systems and devices and the potential for enhancements and future compatible software solutions and devices.

A shared database consolidates non-repetitive data, eliminating time-consuming duplication of data entry and fragmentation of records. Shared process servers provide patient identification, scheduling, ordering, charging, results, documentation and measurement, eliminating the confusion of multiple applications performing the same functions in multiple, unconnected ways.

Competitors in the HIT healthcare solutions and services market include: Cerner, Eclipsys Corporation, Epic Systems Corporation, GE Healthcare Technologies, iSoft Corporation, McKesson Corporation, Medical Information Technology, Misys Healthcare Systems, and Siemens Medical Solutions Health Services Corporation, each of which offers a suite of software solutions. Other competitors focus on only a portion of the market that the major participants address.

Automation of manual process is what achieves accuracy in the delivery of patient accounting. Short collection times depend on accuracy of record keeping and automation of process. Physician confidence in the IT system depends on timely payment.

The significant difference in reliability between three nines of availability offered by the distributed servers and the five nines of availability on Z OS on the mainframe hardware has measurable impact on the cost of manual process vs. the cost of automated process. It has further impact on the perception of a hospital group as a leading health care institution by the physicians who practice there.

Hospital information systems credit collections software is shifting as systems become more integrated. Integrated systems interconnect with automated coding that creates more automated process. Credit collections software is modernized with sophisticated techniques for implementing personal data collection. The related digital evidence and investigation issues are being included as part of automated process.

The use of mainframes for real time hospital billing systems implementations provides security and protections that is needed in modern billing and collections systems. They have a significant impact on people's trust in online transactions. Despite the number of reported incidents, cases of online ID theft are currently examined in an ad hoc empirical fashion.

The mainframe security supports a structured approach to protect Internet based, patient and physician facing systems. The issue of online theft and the need for co-coordinated actions for compliance with HIPAA requirements are driving implementation of mainframe systems for hospitals.

Patient billing market forecasts are at 1.1 million units in 2006, anticipated to reach 1.54 million units by 2013.

Companies Profiled
McKesson
Siemens
Cerner
CostFlex Systems
CPSI
Eclipsys
Hyperion Solutions
iSoft
Kodak Health Group
Lawson
Misys Healthcare Systems
Meditech
mTuitive
QuadraMed
SCC Soft Computer


Report Methodology

This is the 312th report in a series of market research reports that provide forecasts in communications, telecommunications, the internet, computer, software, and telephone equipment. The project leaders take direct responsibility for writing and preparing each report. They have significant experience preparing industry studies. Forecasts are based on primary research and proprietary data bases. Forecasts reflect analysis of the market trends in the segment and related segments. Unit and dollar shipments are analyzed through consideration of dollar volume of each market participation in the segment. Market share analysis includes conversations with key customers of products, industry segment leaders, marketing directors, distributors, leading market participants, and companies seeking to develop measurable market share. Over 200 in-depth interviews are conducted for each report with a broad range of key participants and opinion leaders in the market segment.

About the Company

WinterGreen Research, founded in 1985, provides strategic market assessments in telecommunications, communications equipment, health care, and advanced computer technology. Industry reports focus on opportunities that will expand existing markets or develop major new markets. The reports assess new product and service positioning strategies, new and evolving technologies, and technological impact on products, services, and markets. Market shares are provided. Leading market participants are profiled, and their marketing strategies, acquisitions, and strategic alliances are discussed. The principals of WinterGreen Research have been involved in analysis and forecasting of international business opportunities in telecommunications and advanced computer technology markets for over 30 years.

About the Principal Authors

Ellen T. Curtiss, Technical Director, co-founder of WinterGreen Research, conducts strategic and market assessments in technology-based industries. Previously she was a member of the staff of Arthur D. Little, Inc., for 23 years, most recently as Vice President of Arthur D. Little Decision Resources, specializing in strategic planning and market development services. She is a graduate of Boston University and the Program for Management Development at Harvard Graduate School of Business Administration. She is the author of recent studies on worldwide telecommunications markets and the Top Ten Telecommunications market analysis and forecasts.

Susan Eustis, President, co-founder of WinterGreen Research, has done research in communications and computer markets and applications. She holds several patents in microcomputing and parallel processing. She is the author of recent studies of the Regional Bell Operating Companies' marketing strategies, Internet equipment, a study of Internet Equipment, Worldwide Telecommunications Equipment, Top Ten Telecommunications, Digital Loop Carrier, Web Hosting, and Application Integration markets. Ms. Eustis is a graduate of Barnard College.

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