Healthcare Information Technology Market by 2017

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MarketsandMarkets Presents
Healthcare Information Technology Market by
2017
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• The "Healthcare IT Market By Application
  Provider IT (EMR, PACS, CPOE, RIS, CDSS, RCM,
  Claims Management, Payroll), Payer IT (CRM, Fraud
  Detection), Delivery Mode (On-Premises,
  Web-Based Services Cloud Computing) Component
  - Global Forecasts to 2017" analyzes and studies
  the major market drivers, restraints, and
  opportunities in North America, Europe, APAC, and
  Rest of the World.
• Browse 117 Market Data Tables with 8 Figures
  spread through 311 Pages and in-depth TOC on
  Healthcare IT Market By Application Provider IT
  (EMR, PACS, CPOE, RIS, CDSS, RCM, Claims
  Management, Payroll), Payer IT (CRM, Fraud
  Detection), Delivery Mode (On-Premises,
  Web-Based Services Cloud Computing) Component
  - Global Forecasts to 2017.
• http//www.marketsandmarkets.com/MarketReports/hea
  lthcare-it-252.html

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• The healthcare IT market is highly fragmented,
  competitive, and dynamic. There are a few
  well-established firms and several small ones
  operating in the industry. Key players in the
  market are McKesson Corporation (U.S.), Cerner
  Corporation (U.S.), Epic (U.S.), GE Healthcare
  (U.K.), Siemens Healthcare (Germany), All scripts
  Healthcare Solutions, Inc. (U.S.), and Phillips
  Healthcare (The Netherlands).
• McKesson Corporation (U.S.) has emerged as the
  market leader in the global healthcare IT market
  and is likely to maintain its leadership position
  in the coming years. The company offers products
  for both provider IT solutions and payer IT
  solutions. The company operates through two
  business segments, namely, distribution solutions
  and technology solutions. McKessons Technology
  Solutions provides software, automation,
  services, and consulting to hospitals, physician
  offices, imaging centers, home healthcare
  agencies, and payers.

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• It also offers interactive connectivity services
  that streamline clinical, financial, and
  administrative communication between patients,
  providers, payers, pharmacies, and financial
  institutions. This improves patient safety,
  reduces cost and variability of care, develops
  healthcare efficiency, and manages revenue
  better. The payer division of McKesson comprises
  of products such as InterQual clinical criteria
  solution, medical management tools, claims
  payment solutions, network performance tools, and
  care management programs.
• Thus, a broad product portfolio enables the
  company to gain a competitive advantage over
  other players in the market. In addition, the
  company has been focusing on research and
  development of new products, mainly for the
  technology solutions segment the company spent
  440 million on RD in 2012. The company strives
  to grow in the market through new product launch,
  and acquisitions and strategic alliances. During
  2012 to 2010, the company launched seven new
  products in the market, which further fortified
  its foothold in the global healthcare IT market.

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• Cerner Corporation (U.S.), another major player,
  has the capability to provide stiff competition
  to McKesson Corporation (U.S.). The company has
  been present in the market since 1980, and is
  involved in delivering healthcare information
  technology solutions, services, devices, and
  hardware. Under its software segment, the major
  products offered are Cerner Millennium
  Architecture, Health Intent platform, and
  ambulatory EHR. The company strengthens its
  position in the market by investing in research
  and development to design new effective and
  efficient solution as well as by expanding its
  footprint of existing clients by offering a broad
  range of services and core solutions.
• During 2010-2012, it undertook four acquisitions
  to gain a competitive advantage Pure wellness
  (U.S.), Anasazi Software (U.S.), Clairvia (U.S.),
  and Resource Systems (U.S.).

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• The healthcare IT market has two major divisions
  - provider IT and payer IT. Provider IT includes
  clinical IT and non-clinical IT solutions. Under
  Clinical IT solutions, the prominent segment is
  EHR, offered by several key players such as Epic
  (U.S.), McKesson Corporation (U.S.), Cerner
  Corporation (U.S.), Siemens Healthcare (Germany),
  G.E Healthcare (U.K.), and All scripts Healthcare
  solutions (U.S.). Of all players, Epic has
  emerged as dominant player to implement and
  integrate EHR solutions, connecting more than
  250,000 physicians.
• New product launch, agreements and
  collaborations, and acquisition and mergers are
  some of the major strategies adopted by players
  in order to gain advantage over their competitors
  and ensure long-term growth. Of all strategies,
  new product launch was widely adopted by key
  players in order to meet the needs of healthcare
  providers and payers. During 2010 to 2012, the
  industry witnessed 70 new product launches and 53
  different agreements and collaboration by players
  in the market. For instance, in January 2013, GE
  Healthcare launched Centricity Practice Solution
  11, the next generation of its fully integrated
  EMR and Practice Management solution. This new
  product seeks to simplify the data entry process
  required for medical providers to comply with new
  ICD-10 coding requirements, enabling them to
  customize workflow efficiently.

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