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During the forecast period, the practice management systems industry is predicted to witness the fastest growth in demand in Asia-Pacific (APAC), at CAGR of 10.5%, owing to the favorable government reforms and organizations that provide support for the development of patient engagement solutions, EHR, and e-prescription platforms. Moreover, increasing commercialization of patient engagement solutions developed by the global market players is boosting the market demand.
Electronic Health Record (EHR)/Electronic Medical Record (EMR) adoption has been made mandatory for every patient in India. The rules for Clinical Establishments (Registration and Regulation) Act 2010, which were notified in May 2012, made maintenance and provision of EMR/EHR for mandatory for every patient for registration and continuation of every clinical establishment. Furthermore, upward shift in medical expenditure and ample insurance coverage also contribute to the growth of the regional market.
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In April 2018, eClinicalWorks announced that Waverly Health Center expanded its relationship with the company by transiting from the Paragon Inpatient EHR system to the eClinicalWorks cloud-centric acute care EHR and revenue cycle management platform for its 25-bed Critical Access Hospital. The acute care platform was expected to reduce overall implementation costs while creating unified patient records in inpatient and outpatient communities that ensure the seamless exchange of information.
Some of the other key players operating in the practice management systems market are General Electric Company, Cerner Corporation, Epic Systems Corporation, athenahealth Inc., Quality Systems Inc., Greenway Health LLC, Henry Schein Inc. Allscripts Healthcare Solutions Inc., and McKesson Corporation.
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