Nursing Home and Long-Term Care Information Systems
Market Opportunities, Strategies, and Forecasts, 2006 to 2012

Report # SH29821458 | 335 Pages | 121 Tables and Figures | 2006
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Nursing Home and Long-Term Care Information Systems Market Assessment

Check Out these Key Topics!
Nursing Home and Long-Term Care Information Systems Market Shares, Forecasts, and Distribution
Nursing Home or Skilled Nursing Facility
Private Vs. Public Nursing Homes
Nursing Home Information Technology Industry
Nursing Home Care Options
Nursing Home Information Systems
Requirements
Toolkits
Services
Product Technology
Web Services
State-Of-The-Art Security
Health Insurance Portability & Accountability Act (HIPAA)

Nursing Home and Long-Term Care Information Systems
Market Opportunities, Strategies, and Forecasts, 2006 to 2012

The third quarter of 2005 continued a trend of positive developments in the healthcare information technology marketplace. A significant development was the publication of RAND's peer-reviewed study that indicates healthcare information technology could save the country's healthcare system $162 billion annually through improved efficiency, disease management and reduced adverse drug events. This study provides large-scale, independent, quantified proof of the impact healthcare information technology can have.

Home care providers are able to achieve an increase of 37% in administrative productivity after the installation. Presenting technology infrastructure improvement solutions needs to be accompanied by building a business case for solutions. If the technology does not address a business problem then the outcome results in disappointment.

Vendors seek to increase market share in individual domains. They seek to penetrate the existing client base with more functionality. Continued growth is expected in clinical domain systems for specific markets such as nursing, physician office, laboratory, pharmacy, radiology, surgery, emergency medicine and cardiology. As institutions look to restructure and reengineer these high-cost centers, IT promises more efficient operations.

Homecare front end, backend, integration, and medical information system software is targeted to non-acute health care distributors. This market has been highly fragmented. Consolidation in the market is causing significant change in the industry.

Products are differentiated in the market based upon the granularity of the offerings and the ability to meet the specific needs of the homecare providers.

The homecare market is changing. New services needed in the home include intravenous (IV) therapy, pain control, and basic needs services delivery. Delivery of new services depends on systems integration. Delivery of these services depends as well on automation of the reimbursement process. The ability of the existing homecare dealer network to deliver advanced services in the home is limited in part by an inability to bill for those services. New systems fulfill that need.

U.S. homecare information are expected to reach $2.6 billion by 2010. U.S. homecare information systems markets are expected to grow at 17% per year in 2003, with the growth rate accelerating to 25% per year on average through 2010. Market forces for growth relate to the efficiency and efficacy of homecare services delivery.

Worldwide homecare information systems markets at $285.7 million in 2005 are expected to reach $1.2 billion by 2012.

Homecare information systems, SOA, services, wireless, records systems market segment forecasts indicate strong growth for the homecare automation markets. The use of an electronic record that creates bills is a basic process efficiency aspect. Markets at $1.8 billion are expected to reach $4.8 billion by 2012.

Companies Profiled
McKesson
Meditech
Cerner
Accumedic Computer Systems
American Health Care Software Enterprise
Care Facts
Eclipsys
Fujitsu
GE Portable Homecare Medical Information Systems
 Golden Rule Software
Green Mountain Software
Hann's On Software
MDI
Misys Healthcare Systems
Patient Care Technologies
Procura
Siemens
ViTel Net


Report Methodology

This is the 276th 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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