New HIMSS Analytics Research Shows Nearly Universal Adoption Of Practice Management And Electronic Health Record Tools After Eight Years Of Steady Growth
Burlington, VT (August 2, 2016) – HIMSS Analytics® recently released its 2016 Essentials Brief: Outpatient Practice Management (PM) and Electronic Health Record (EHR) Solution Study, the 8th iteration of the study that provides a snapshot of solution adoption and purchase intentions from hospital-owned and free-standing physician practices in the U.S. outpatient market. Essential Briefs are in-depth market research studies focused on identifying salient topics in the healthcare IT space that highlight mind share, market share and market opportunity of specific healthcare software technologies.
Market adoption of PM & EHR solutions has been trending upward since the initial study and is nearing universal market adoption rates as indicated in the 2016 study. When compared to adoption levels in HIMSS Analytics LOGIC™, the information obtained from the 2016 study was comparable between hospital-owned (92% LOGIC vs. 87% Study) and free-standing (77% LOGIC vs. 76% Study) practices. Given this rise, physician practices are positioned to address broader patient needs and continued regulations such as Meaningful Use and Medicare Access and CHIP Reorganization Act (MACRA).
The 2016 Outpatient PM & EHR Solution Essentials Brief offers insight from 436 physicians, practice administrators and managers, practice CEOs/Presidents, PAs, NPs, and practice IT directors/staff on their current PM & EHR usage as well as future plans for PM & EHR solution adoption. Additional insight is provided through data from HIMSS Analytics LOGIC, the most comprehensive and intuitive global market intelligence tool in healthcare IT. LOGIC provides on average 48,000 hospital-owned and free-standing practice data points around adoption, vendor market share and vendor mind share.
“I am somewhat surprised a more robust replacement market has not yet developed for practice management and electronic health solutions,” says HIMSS Analytics Director of Research, Brendan FitzGerald. “But given the cost and implementation effort of these practices over the last eight years, and the need to keep up with industry standards and additional regulations, practices seem content with their current solutions and will look to leverage these solutions to meet industry standards and regulations. It is worth mentioning, however, that 15% of respondents are looking to replace or purchase EHR solutions in the near term so there is still opportunity in that solution set of the outpatient market.”
HIMSS Analytics offers access to this premium study alone or as part of their Outpatient Solutions Market Intelligence Bundle which comes with access to their LOGIC Outpatient Market Intelligence dashboard.
Highlights of the 2016 study include:
- Current and future adoption of PM & EHR solutions
- Vendor market share, mind share and market opportunity in the outpatient PM & EHR solution category
- Study respondents revealed what would cause them to replace their current PM & EHR solution.
- Study respondent confidence level around meeting Meaningful Use Stage 3 Criteria with their current solution
- Strategic insight into practice approach toward health information exchange (HIE), accountable care (ACO), and Clinical Practice Improvement Activities (CPIAs)
About HIMSS Analytics
HIMSS Analytics is a global healthcare advisor, providing guidance and market intelligence solutions that move the industry forward with insight to enable better health through the use of IT. As a trusted healthcare research and advisory firm, the industry depends on HIMSS Analytics’ resources, benchmarks, predictive models and assessment tools to improve decision making regarding their IT strategic roadmap and market strategy. HIMSS Analytics is uniquely positioned and differentiated through its industry focused offerings which include a Healthcare IT market intelligence tool, Healthcare IT insights and Healthcare IT benchmarks and services.
HIMSS Analytics a wholly owned subsidiary of HIMSS headquartered in Burlington, Vermont, is the healthcare research and advisory firm for healthcare delivery organizations, IT companies, governmental entities, and financial, pharmaceutical, consulting and emerging technology solution partners. Learn more at http://www.himssanalytics.org