Various medical
organizations find it difficult to maintain electronic medical
records, as they are expensive and complex to implement. Medical
records document management systems provide easy to use, fast to
implement, and smart process systems that improve practice
effectiveness and lower the retention costs of medical records. These
systems facilitate workflow and improve the quality of patient care
and patient safety. Medical document management systems eliminate
paper-based processes in health care organizations. These systems
manage patient information and facilitate clinicians and
administrators’ decision making in treatment and hospitalization
procedures. Additionally, medical document management systems help
health care organizations to automate admission forms, insurance
cards, insurance claims, invoices, and laboratory results. Increase
in need to manage the vast information content in health care systems
in a cost-effective way and rise in requirement to improve the
quality of the information as well as health care are the key actors
driving the medical document management systems market.
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Research Report of Medical Document Management Systems Market :
The medical document
management systems market has been experiencing substantial growth
since the last few years due to the increase in demand for high
clinical efficiency and improved patient care. However, reluctance of
physicians, nurses, and other medical staff to change their
traditional methods hampers the adoption of medical document
management systems. High cost of implementation and maintenance of
these systems is also adversely affecting the medical document
management systems market. Mobile platforms for document management
systems offer new opportunities for industry participants.
Consolidation in the health care industry is also expected to provide
significant opportunities for market growth.
The global medical
document management systems market is segmented in terms of product,
application, model, end-user, and geography. The product type
segmentation covers medical document management solutions and medical
document management services. Medical document management services
are further categorized into product support services and documents
scanning and management services. Based on application, the medical
document management systems market is classified into patient medical
records management, image management, admission and registration
documents management, and patient billing documents management. In
terms of end-user, the market for medical document management systems
is divided into hospitals & clinics, nursing homes, insurance
providers, and other health care Institutions such as long term care
centers and rehabilitation centers. Based on geography, the global
medical document management systems market is classified into Europe,
North America, Asia Pacific, Latin America, and the Middle East &
Africa. Among these, North America dominates the medical document
management systems market, due to the implementation of regulations
concerning health records and medical insurance. Additionally, Asia
Pacific is anticipated to experience rapid growth among all the
regional segments in the near future, owing to the rise in government
focus on adoption of EHRs, modernization in health care, and
investments by government and private entities to adopt health care
IT technologies. Improvement in clinical research and studies through
organized and stored patient information via document management
systems is also providing significant growth opportunities for the
medical document management systems market Asia Pacific.
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Large number of
small and mid-size players specialize in the medical document
management systems market. This has resulted in intense competition,
which poses a challenge to big players and new entrants. Prominent
players operating in the global medical document management systems
market are Cerner Corporation, 3M Company, GE Healthcare, Kofax Ltd.,
Nextgen Healthcare Information Systems, LLC, Toshiba Corporation,
Allscripts Healthcare Solutions Inc., EPIC Systems Corporation,
Hyland Software Inc., McKesson Corporation, and Siemens Medical
Solutions USA Inc.
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