DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/489e36/u_s_high_acuity_c) has announced the addition of Frost & Sullivan's new report "U.S. High Acuity Care Information Systems Markets" to their offering.
This research service analyses the high acuity care information systems market as it pertains to their use in U.S. hospitals. It describes the various market, economic, technological, and management trends with respect to the procurement and use of high acuity care information systems in specific hospital service areas including emergency, intensive care, and peri-operative and anesthesia departments. Drivers, restraints and challenges for the U.S. high acuity care information systems market are analysed and revenue forecasts are provided for 2005 through 2015. The research service also presents selected vendor profiles and market share analysis as well as strategic recommendations for the growth of the market.
Growing Focus on Improving Patient Care Outcomes Drives Demand for Acuity Care Information Systems
Implementation of acuity care hospital information systems, specifically those targeted at emergency and intensive care departments, is helping hospitals to upgrade the quality of patient care. The improvements in quality range from faster processing/admittance through triage to minimization of medication errors through use of physician order entry systems. Hospitals are also hoping that information systems vendors will help them understand and comply with the criteria of meaningful use', as outlined in the Health Information Technology for Economic and Clinical Health Act (HITECH) portion of the American Recovery and Reinvestment Act (ARRA). The vagueness surrounding what is or is not included in justifying meaningful use' requirements in order to qualify for the ARRA's financial incentives is preventing many hospitals from going through with their IT purchase decisions in the short-term, notes the analyst. A number of acute care vendors have set up programs to help educate their clients about the meaningful use' criteria and have developed programs designed to help hospitals meet them.
Interestingly, the Act may also have a negative impact on IT spending within various units of the healthcare facility. Given the requirements of the ARRA and budgetary constraints, it is likely that hospitals and other healthcare service providers will have to channel funds to fulfill other short-term obligations, which in turn affects revenue growth opportunities for high acuity care vendors. Moreover, the uncertain economic environment also influences hospitals' decisions to purchase and implement various technologies including acute care information systems.
Amid Intense Competition, the $842.2 Million U.S. Market is Expected to Reach $1.3 Billion in 2015
Competition among market vendors is intensifying, as hospitals are still not sure about the most appropriate acuity care information system. Hospitals consider information technology integral to their operations rather than just a support technology; however, they are uncertain whether they should approach enterprise or niche vendors to avail the best solutions. While the end users are still undecided about the best way forward, many large enterprise-wide HIS vendors, in a show of might, have been buying out smaller/niche participants in order to expand and complement their portfolios. The various mergers and acquisitions enable large vendors to reduce their operating costs and be even more price competitive - an approach that would be difficult for smaller participants to follow, at least in the short run, anyway. Hence, to stave off price wars, acute care information system vendors have apportioned a part of their business to companies that offer enterprise-wide hospital information systems (HIS) and another part to niche vendors. While the former offers solutions for various departments of a hospital, the latter focuses on one or more of the three key high acuity care centers.
Expert analysts thoroughly examine the following market sectors in this research:
By Solution Type:
- Emergency department
- Intensive care
- Peri-operative and anesthesia
Key Topics Covered:
1 | EXECUTIVE SUMMARY OF THE U.S. HIGH ACUITY CARE INFORMATION SYSTEMS MARKET
2 | MARKET OVERVIEW OF THE U.S. HIGH ACUITY CARE INFORMATION SYSTEMS
3 | REVENUE FORECASTS FOR THE U.S. HIGH ACUITY CARE INFORMATION SYTEMS MARKET
4 | COMPETITIVE TRENDS FOR THE U.S. HIGH ACUITY CARE INFORMATION SYSTEMS MARKET
5 | CONCLUSION
6 | DECISION SUPPORT DATABASE
For more information visit http://www.researchandmarkets.com/research/489e36/u_s_high_acuity_c
Research and Markets
Laura Wood, Senior Manager,
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Fax (outside U.S.): +353-1-481-1716
KEYWORDS: Europe Ireland
INDUSTRY KEYWORDS: Health Hospitals