U.S. Practice Management Systems Market Size, Share & Trends Analysis Report By Product (Integrated, Standalone), By Component (Software, Services), By End User, By Delivery Mode, And Segment Forecasts, 2020 - 2027

U.S. Practice Management Systems Market Size, Share & Trends Analysis Report By Product (Integrated, Standalone), By Component (Software, Services), By End User, By Delivery Mode, And Segment Forecasts, 2020 - 2027

The U.S. practice management systems market size is expected to reach USD 13.3 billion by 2027, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Demand for practice management system is growing due to increasing pressure to curb healthcare costs and changing dynamics of hospital/healthcare settings. Increasing focus on implementing cost-effective, quality care will further boost the market growth.

Political instability, economic stress, and lack of proactive initiatives are exerting adverse effects on the healthcare funding. Despite significant healthcare-related funding and insurance programs, there has been a constant rise in healthcare cost in U.S., thus affecting healthcare providers. The healthcare expenditure in U.S. was approximately 2.4 times higher than the global average in 2015 and is anticipated to increase by 68.0% in the next 10 years.

With the help of practice management systems, healthcare providers are able to offer right treatment at effective price, thus reducing treatment costs. Some of the prominent companies in the market are Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEdge Healthcare Solutions, Inc.; Cerner Corporation; GE Healthcare; and McKesson Corporation.

Further key findings from the study suggest:

  • Changing dynamics of hospital/healthcare settings and development and sale of value-added services are driving the market
  • The integrated product segment captured the largest market share in 2019 due to benefits, such as enhanced efficiency and communication across various departments and reduced administrative and medical errors
  • Software held the largest revenue share in the component segment in 2019 owing to technological advancement and new product launches
  • Cloud-based practice management solutions is expected to show fastest growth over the forecast period owing to advantages such as ready availability of information even in remote locations, higher reliability, and faster processing
  • Physician back office dominated the end-user segment in the market in 2019 due to growing adoption of this system in the physician offices
  • Increasing focus of the Association of American Medical Colleges toward increasing number of physicians and healthcare facilities across the region is expected to drive the market growth
  • Key companies in the U.S. practice management systems market include Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEdge Healthcare Solutions, Inc.; Cerner Corporation; GE Healthcare; and McKesson Corporation
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Table of Contents Chapter 1 Research Methodology 1.1 Information procurement 1.2 Data Analysis 1.3 Approaches for calculating U.S. market size 1.3.1 U.S. Market: Base Estimates 1.3.2 Global Market: CAGR Calculation 1.4 List of Secondary Sources (partial list) Chapter 2 Executive Summary Chapter 3 Market Snapshot Chapter 4 Market Variables, Trends & Scope 4.1 Market segmentation & scope 4.2 Market Driver Analysis 4.2.1 Changing dynamics of hospital/healthcare setting industry 4.2.2 Development and sale of value-added services 4.2.3 Pressure to curb healthcare cost 4.2.4 Improving infrastructure and digitalization of healthcare 4.3 Market Restraint Analysis 4.3.1 Risk of data theft 4.3.2 Difficulty in maintaining confidentiality of patient information 4.4 Penetration & growth prospect mapping 4.5 U.S. practice management systems market - PESTLE Analysis 4.6 Industry Analysis - Porter’s 4.7 List of Key Buyers 4.7.1 Non-Profit Hospital Systems 4.7.2 For Profit Hospital Systems 4.8 Buyer’s Preferences Analysis 4.9 Potential Target Audience 4.10 Changing technology and their adoption and timeline with major technologies 4.11 List of top products 4.12 Demand analysis for the products and services Chapter 5 U.S. Practice Management Systems Market: Product Estimates & Trend Analysis 5.1 U.S. practice management systems Market: Product movement analysis 5.2 Integrated 5.2.1 Integrated market, 2016 - 2027 (USD Million) 5.3 Standalone 5.3.1 Standalone market, 2016 - 2027 (USD Million) Chapter 6 U.S. Practice Management Systems Market: Component Estimates & Trend Analysis 6.1 U.S. practice management systems market: Component movement analysis 6.2 Software 6.2.1 Software market, 2016 - 2027 (USD Million) 6.3 Services 6.3.1 Services market, 2016 - 2027 (USD Million) Chapter 7 U.S. Practice Management Systems Market: Delivery Mode Estimates & Trend Analysis 7.1 U.S. practice management systems market: Delivery mode movement analysis 7.2 On-premise 7.2.1 On-premise market, 2016 - 2027 (USD Million) 7.3 Web-based 7.3.1 Web-based market, 2016 - 2027 (USD Million) 7.4 Cloud-based 7.4.1 Cloud-based market, 2016 - 2027 (USD Million) Chapter 8 U.S. Practice Management Systems Market: End-user Estimates & Trend Analysis 8.1 U.S. practice management systems market: End-user movement analysis 8.2 Physician back office (Solo practitioners) 8.2.1 Physician back office (Solo practitioners) market, 2016 - 2027 (USD Million) 8.3 Hospitals (Group practitioners) 8.3.1 Hospitals (Group practitioners) market, 2016 - 2027 (USD Million) 8.4 Pharmacies 8.4.1 Pharmacies market, 2016 - 2027 (USD Million) 8.5 Diagnostic laboratories 8.5.1 Diagnostic laboratories market, 2016 - 2027 (USD Million) 8.6 Other settings 8.6.1 Other settings market, 2016 - 2027 (USD Million) Chapter 9 Competitive Landscape 9.1 Company Profiles 9.1.1 Henry Schein MicroMD 9.1.1.1 Company overview 9.1.1.2 Financial performance 9.1.1.3 Product benchmarking 9.1.1.4 Strategic initiatives 9.1.2 Allscripts Healthcare Solutions, Inc. 9.1.2.1 Company overview 9.1.2.2 Financial performance 9.1.2.3 Product benchmarking 9.1.2.4 Strategic initiatives 9.1.3 AdvantEdge Healthcare Solutions 9.1.3.1 Company overview 9.1.3.2 Product benchmarking 9.1.3.1 Strategic initiatives 9.1.4 athenaHealth, Inc. 9.1.4.1 Company overview 9.1.4.2 Financial performance 9.1.4.3 Product benchmarking 9.1.4.4 Strategic initiatives 9.1.5 Cerner Corporation 9.1.5.1 Company overview 9.1.5.2 Financial performance 9.1.5.3 Product benchmarking 9.1.5.4 Strategic initiatives 9.1.6 EPIC Systems Corporation 9.1.6.1 Company overview 9.1.6.2 Product benchmarking 9.1.6.3 Strategic initiatives 9.1.7 GE Healthcare 9.1.7.1 Company Overview 9.1.7.2 Financial Performance 9.1.7.3 Product Benchmarking 9.1.7.4 Strategic Initiatives 9.1.8 McKesson Corporation 9.1.8.1 Company overview 9.1.8.2 Financial performance 9.1.8.3 Product benchmarking 9.1.8.4 Strategic initiatives 9.1.9 Accumedic Computer Systems, Inc. 9.1.9.1 Company overview 9.1.9.2 Product benchmarking 9.1.10 NextGen Healthcare Information System LLC 9.1.10.1 Company overview 9.1.10.2 Financial performance 9.1.10.3 Product benchmarking 9.1.10.4 Strategic initiatives 9.1.11 eClinicalWorks LLC 9.1.11.1 Company overview 9.1.11.2 Product benchmarking 9.1.11.3 Strategic initiatives 9.1.12 CareCloud 9.1.12.1 Company overview 9.1.12.2 Product benchmarking 9.1.12.3 Strategic initiatives 9.1.13 Kareo 9.1.13.1 Company overview 9.1.13.2 Product benchmarking 9.1.13.3 Strategic initiatives 9.1.14 HealthFusion, Inc. 9.1.14.1 Company overview 9.1.14.2 Product benchmarking 9.1.14.3 Strategic initiatives 9.1.15 Acrendo Software, Inc. 9.1.15.1 Company overview 9.1.15.2 Product benchmarking 9.1.16 AdvancedMD 9.1.16.1 Company overview 9.1.16.2 Product benchmarking 9.1.16.3 Strategic initiatives 9.1.17 drchrono, Inc. 9.1.17.1 Company overview 9.1.17.2 Product benchmarking 9.1.17.3 Strategic initiatives 9.1.18 SmartLattice 9.1.18.1 Company overview 9.1.18.2 Product benchmarking 9.1.19 CollaborateMD 9.1.19.1 Company overview 9.1.19.2 Product benchmarking 9.1.19.3 Strategic initiatives 9.1.20 Greenway Health LLC 9.1.20.1 Company overview 9.1.20.2 Product benchmarking 9.1.20.3 Strategic initiatives 9.1.21 Office Ally 9.1.21.1 Company overview 9.1.21.2 Product benchmarking

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