PRTODAY / NewswireToday Free press release distribution service network

More news: Health/Surgery
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Integrated PPMS and EMR Contribute to Growth of U.S. PPMS Markets - New analysis from Frost & Sullivan, U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers finds that the U.S to reach $1.66 billion in 2012
Integrated PPMS and EMR Contribute to Growth of U.S. PPMS Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/08/22 - New analysis from Frost & Sullivan, U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers finds that the U.S to reach $1.66 billion in 2012.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Health/Surgery Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The physicians practice management systems (PPMS) market in the United States is increasingly shifting from stand-alone to integrated solutions. Physicians across the United States are realizing the substantial efficiency gains offered by integrated systems and this is driving a strong replacement trend in the market.

“Integrated PPMS seamlessly bring together all patient-related data at the physician’s office, thus enhancing the efficiency of the practice,” says Frost & Sullivan Research Analyst S. Priyan Viswanathan. “These solutions increase the productivity, reliability, and revenues of the physician’s practice, which in turn, improves the quality of healthcare rendered to patients.”

New analysis from Frost & Sullivan (healthcare.frost.com), U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers finds that the U.S. PPMS market earned revenues of 1.04 billion in 2005, and estimates this to reach $1.66 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers, then send an email to Melina Trevino - Corporate Communications at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

Electronically submitted claims also stand a better chance of speedy reimbursement compared to those submitted on paper. This is an important factor given that physicians’ offices have been facing growing challenges in claims and claims denial management. Denied claims can affect the credibility and performance of the physician’s office, apart from placing a burden on patients.

In addition, there are as many as 1,500 insurance provider companies in the United States, with most of them having their own systems that operate on different formats of processing claims data. Since it is highly unlikely that physicians are able to maintain a uniform format for submitted claims, this could affect the probability of a claim’s approval. Thus, efficient electronic practice management systems such as integrated PPMS could help address this challenge, giving them a distinct edge over stand-alone systems.

However, the initial and recurring maintenance cost of an integrated PPMS solution is a significant restraining factor for physicians. The potential loss of data when replacing or upgrading existing systems is another area of concern. Providing a reasonably-priced PPMS solution as well as ensuring better training for physicians is likely to expand the market potential for these systems, as well as help deliver superior healthcare.

“PPMS vendors must develop consolidated products at more affordable prices,” says Viswanathan. “Closer interaction between vendors and physicians will not only help the vendor understand physicians’ requirement, but also help the latter realize the full potential of the system.”

One of the most significant trends in the U.S. PPMS market is the increasing incorporation of electronic medical records (EMR) in PPMS. Physicians have started using EMR systems extensively in line with U.S. Federal Government regulations, leading PPMS to cash in on this trend by including EMR in their PPMS.

However, many small and medium-sized physicians’ offices cannot afford an integrated PPMS or PPMS/EMR solution due to cost constraints. PPMS providers that can offer such practices invest in a stand-alone system that can later be easily upgraded to an integrated system, and even configured to include EMR are likely to be well-placed to address the needs of this segment.

At the same time, the market is also seeing a distinct trend toward the use of wireless technologies and the Internet. For instance, many physicians have started using handheld devices that enable them to access PPMS wherever they are. These devices are linked to the PC in the office, and are continuously updated with patient data and records, thereby considerably enhancing the efficiency of the practice. Observing this trend, some practice management vendors have started building systems that are compatible with such devices, and this is likely to drive continued growth of the U.S. PPMS market.

U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers provides an in-depth analysis of the PPMS markets, including forecasts on trends among physicians with regard to choosing stand-alone or integrated PPMS. It also provides revenue forecasts for both stand-alone and integrated PPMS, and profiles leading companies in the small, medium, and large-sized physician practices. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

U.S. Physicians Practice Management Systems (PPMS) Markets - Scheduling; Reporting; Billing and Claims for Ambulatory Care Providers

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Health/Surgery Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Health/Surgery articles,
CATCH Visitors via Your Competitors Announcements!


Integrated PPMS and EMR Contribute to Growth of U.S. PPMS Markets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Melina Trevino 
210.247.2440 melina.trevino[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Health/Surgery via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Health/Surgery Most Recent Related Newswires:

Sustainable Alternatives to Polyvinylidene Chloride-coated Films Create Growth Opportunities & Transform the Food Packaging Markets in Western Europe
RIKEN Biofunctional Synthetic Chemistry Laboratory in Japan Has Developed A Way to Engineer Glycan Complexes Clusters of Sugar Chains
The Clinicians of Longs Peak Emergency Physicians Join US Acute Care Solutions
Frost & Sullivan Recognizes BroadReach for Improving the Health and Wellbeing of Underserved Populations
Silver Spring Emergency Physicians Join US Acute Care Solutions
Stress Light Therapy Launches Crowd-Funded Campaign on Indiegogo.com
The Float Space - Brisbane's First Float and Cryo Therapy Centre to Open This November
Thought Leaders Across the Healthcare Spectrum to Participate in Industry-Wide Survey
Frost & Sullivan Names Optum 2016 North America Company of the Year for Population Health Management
R-Pharm Produces Biological Drugs in Yaroslavl with GE Healthcare's FlexFactory™ Manufacturing Platform
GE to Invest €150 Million in Biopharmaceutical Manufacturing Campus in Cork, Ireland, and Establish Advanced Manufacturing Training Centre At NIBRT
Moriarty Physical Therapy of the Hudson Valley Expands with New Office in Lagrange, NY
Ultimate Medical Group Announces A New Regenerative Medicine Division
Dr. Amir Hanna Introduces New Medical Innovation Taking the Pain Out of Physical Therapy
Samitivej Children’s Hospital Transforms its Sukhumvit Campus

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)