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Palo Alto, CA, United States, 2005/12/02 - New analysis from Frost & Sullivan, U.S. Acute Care Information Systems, reveals that the acute care information systems market earned revenue of $481.1 million in 2004. It estimates to reach $858.9 million in 2008..
Many acute care departments continue to rely on paper-based processes and are under increased pressure to implement information systems to improve patient care and safety. Today, the acute care information systems market is still in the early majority phase with many departments only using basic scheduling tools.
Vendors approach the acute care information systems market from a best-of-breed or an enterprise perspective. Buyers in the acute care market, however, are dynamic and do not necessarily see the market as distinctly as only best-of-breed solutions or only enterprise solutions. Vendors need to find the synergies between best-of-breed and enterprise offerings to provide the hybrid of solutions that the continuum of buyer profiles demand.
New analysis from Frost & Sullivan, U.S. Acute Care Information Systems, reveals that the acute care information systems market earned revenue of $481.1 million in 2004. It estimates to reach $858.9 million in 2008.
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. Acute Care Information Systems, then send an e-mail to Melina Trevino, Corporate Communications, at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
“As healthcare costs continue to rise and information about acute care department performance becomes publicly available, patients will act like the consumers they are and choose hospitals based on their level of patient care and quality,” says Frost & Sullivan Industry Analyst Christopher Boone. “Acute care information systems will be vital to improving workflows to achieve operational efficiencies that in turn enhance patient care and safety to protect the potential loss of revenue of patients turning to competitor hospitals.”
Acute care information system providers need to achieve physician and nurse adoption of their solutions to obtain long-term success in the marketplace. This requires working closely with clinicians during the sales phase to get their strategic input, not just pay them lip service to see if the application is user-friendly.
“Without buy-in from physicians and nurses and other caregivers who are the primary users of an acute care information system, vendors will find themselves shut out of deals,” explains Boone.
The leading acute care information system providers will be those companies that hone their marketing messages to the appropriate buyer, influence profiles they face, and deliver solutions that are believed enhance patient care, safety, and improve work environments beyond what the vendors promised.
U.S. Acute Care Information Systems, a part of the Healthcare Information Technologies subscription, provides an overview and outlook for the market. This study focuses on information systems for emergency departments, intensive care units, and preoperative & anesthesia services. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
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. Acute Care Information Systems
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