Patient Flow Management Solutions Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
Patient flow management solutions are used to track the records, information of the patient or the flow of equipment between organizations, and also to manage the patient reception, routing, and queuing. The solutions use real-time data inputs in combination with analytical and statistical software to design effective workflow. The healthcare centers or organizations are upgrading the patient flow management solutions to improve cost management and better utilization of their resources. Patient flow management solutions focus on increasing interaction between staff and patients, patient-centered care, reduction in waiting time, enhancing patient care quality, satisfaction, and also decreasing the paperwork.
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Recently in June 2017, Aptean, a leading global provider of Mission Critical Enterprise Software Solutions, announced the acquisition of FDM Software, which will combine and help create a single source for best of breed public safety solutions for local municipalities and provide them a better customer experience. Hence, this will also help in building opportunities for healthcare sector to build an integrated platform with hospital patient flow capabilities. Furthermore, Aptean attended SNACKEX 2017, a global sourcing event for the savory snacks industry, which took place in Vienna, Austria on June 21st and 22nd, 2017.
The company, GRM Information Management Services, Inc., recently (2017) implemented a new digital pathology lab automation solution for the top healthcare system in the U.S., which is intended to offer clients a more comprehensive view of pathology operations, thereby improving efficiency and delivering significant savings.
Technological advancements and highly beneficial applications are expected to boost the market growth
Factors driving the market growth include growing demand for cloud-based models, increase in penetration and usage of smartphones, rise in product launches, and collaboration & partnerships among market players. Moreover, high return on investment achieved by the adoption of these solutions, significant demand for enhanced quality care for the patients, need for cost reduction by the hospitals, etc. will contribute to the market growth over the forecast period. The company, Infinx, recently announced that the new update of iBridge, its cloud-based patient access will be formally unveiled during their appearance at the upcoming 2017 conference of the Healthcare Financial Management Association (HFMA), a non-profit membership organization for healthcare financial management executives. This new technology will boost competition among the market players and hence will fuel the growth of the market.
North America holds the largest share in the market due to certain factors such as rise in healthcare expenditure, technological innovations, funding and training initiatives, and government support for patient flow management solutions. Whereas, Europe is the second leading market after North America in terms of revenue contribution. The market growth in Europe is attributed to increase in awareness among people, growth in healthcare facilities, and huge patient pool, among others.
Major players in the market are, Cerner Corporation, Infinx, Medworxx Solutions, Inc., Mckesson Corporation, Teletracking Technologies, Inc., Aptean, Stanley Healthcare, Getinge Group, Awarepoint Corporation, Central Logic, Inc., Allscripts Healthcare Solutions, Inc., STANLEY Healthcare, Care Logistics LLC, Guard RFID Solutions Inc., Intelligent Insites, Inc., GRM Information Management Services, Inc., and Epic Systems Corporation.
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