Electronic Health Records (EHR) System Market in Latin America 2015-2019
About Electronic Health Records Systems
EHR systems offer a platform to maintain a patient's medical data including patient demographics, medical history, progress notes, immunizations, medications, radiology reports, laboratory data, appointment sessions, and payment details for easy reference. EHR applications automate and streamline the workflow, eliminating the need for manual operations while ensuring overall efficiency and better productivity. Healthcare organizations are increasingly adopting EHR systems to reduce medical errors. They lower operational costs, boost revenue, and enhance profitability. These systems also support healthcare-related activities such as time and quality management, evidence-based decision support, and reporting on outcomes.
Technavio's analysts forecast the EHR systems market in Latin America to grow at a CAGR of 7.15% over the period 2014-2019.
Covered in this Report
This report covers the present and future market scenarios of the EHR systems market in Latin America for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of EHR systems in Latin America.The report presents the vendor landscape and a corresponding detailed analysis of the six major vendors in the market. In addition, it discusses the major drivers, challenges and trends influencing the market.Key Countries
Technavio Announces the Publication of its Research Report – Electronic Health Records (EHR) System Market in Latin America 2015-2019
Technavio recognizes the following companies as the key players in the electronic health records system market in Latin America: Allscripts Healthcare Solutions, Cerner, Epic Systems, GE Healthcare, McKesson and Siemens Healthcare
Other Prominent Vendors in the market are: AmazingCharts.com, Computer programs and systems, eClinicalWorks, eMD, MEDITECH, NextGen Healthcare (Quality Systems) and Sage Software Healthcare
Commenting on the report, an analyst from Technavio’s team said: “SaaS-based EHR solutions have reduced the cost of IT infrastructure and increased the efficiency of healthcare organizations. Even though some organizations are reluctant to adopt these solutions because of concerns regarding the secure transmission of medical data, growing awareness about the benefits of SaaS-based EHR solutions will trigger market growth.”
According to the report, increased support for hospitals from respective governments in Latin America in the form of investments and subsidies has led to the rise in adoption of EHR systems. Healthcare professionals who use certified EHR systems are eligible for reimbursements in the form of Medicare and Medicaid premiums. Other initiatives include accreditation standards put in place by Mexico's National Institute of Public Health, which focuses on compatibility with North America for the North American Free Trade Agreement (NAFTA). These initiatives have encouraged the adoption of EHR solutions among hospitals and healthcare professionals.
Further, the report states that the security of patient medical history is a major concern for this market.
Allscripts Healthcare Solutions, Cerner, Epic Systems, GE Healthcare, McKesson, Siemens Healthcare, AmazingCharts.com, Computer programs and systems, eClinicalWorks, eMD, MEDITECH, NextGen Healthcare (Quality Systems) Sage Software Healthcare