ROCKVILLE, Md., April 27, 2017 /PRNewswire/ -- Kalorama Information said that the two largest healthcare IT companies and two EMR specialists firms lead in market share position in the electronic medical records (EMR) market. Cerner, McKesson and Epic saw market share position unchanged from last year, though percentages moved a bit as detailed in the healthcare market research firm's report. Kalorama has covered EMR for a decade, and it's latest report is EMR Market 2017: Electronic Medical Records in an Era of Disruption.
The firm said that despite the domination of major players, there are still a number of smaller competitors thriving in electronic medical records and room for disruption. Kalorama noted changes like frustrated physicians and hospitals ready to switch vendors, changes in government policy with the new administration. All of these could disrupt the market.
"A few companies have more than half the market, but it's still true to say no company, not even the largest healthcare IT firms, have even a fifth of this market," said Bruce Carlson Publisher of Kalorama Information. "We think that is because there's still usability, vendor-switching, lack of mindshare in the market and customers are aching for better. Healthcare still involves a lot of local markets and then with EMR there is a web opportunity to sell direct to smaller hospitals and physicians."
Leaders in the market of EMR providers include large and small companies, according to the report:
- Cerner garnered the top position. Kalorama says the company is continuing to add new business and add to its services by adding CernerITWorks, a suite of services that improve the ability of hospital IT departments to meet their organization's needs. A second example is Cerner RevWorks, which includes solutions and services to help healthcare organizations with their revenue cycle functions. The company is very strong in the hospital IT market. The company's acquisition of Siemens IT was a major move that influenced advancement of Cerner's market share. Its success securing of the Department of Defense EMR contract will also help to move Cerner forward.
- McKesson secured the second position. McKesson is a large player in the healthcare IT market and therefore is well- positioned to expand its offerings. The company offers a full range of solutions to meet both clinical and business performance needs ranging from medication safety and information access to revenue cycle management, resource utilization and physician adoption of EMRs. Those offerings include Paragon, Horizon, EHRM, Star and Series. Ambulatory offerings include Practice Partners, Practice Point Plus, Fusion and others.
- Epic is third, according to the report. The company is the vendor for Kaiser Permanente and many other large healthcare companies and has many new innovative solutions that are of interest to large hospitals, capturing a significant share of the new business in the EMR market according to the report. It is anticipated that Epic will continue to gather market share attempting to add to its ambulatory market share as well.
- Allscripts Healthcare Solutions is fourth in the EMR Market according to Kalorama Information's report. The company has been in top five position for several years now, and climbed the ladder after its merger with Misys and acquisition of Eclipsys securing significant market share. The acquisition of Eclipsys in September 2010 provided additional ammunition for 2011.
- GE Healthcare, Athenahealth's Intersystems, QSI/NextGen, MEDITECH, Greenway, eClinicalWorks and at least 600 other companies make up the rest of the market.
In its market calculations, based on end of year 2016, Kalorama includes all hardware, software and services revenue directly related to electronic medical records. Services such as consulting and training are a large part of the EMR market, and it's report Kalorama breaks out the exact percentage of each category. Greater detail on market share for the smaller firms and exact market percentages and their change from last year is included in Kalorama Information's report, EMR 2017: Electronic Medical Records in an Era of Disruption, which is available at: https://www.kaloramainformation.com/EMR-Electronic-Medical-10785187/.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
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