The Global PatientFlow Management Solutions Market, by Product Type (Integrated andStandalone), by Component (Hardware, Software, and Services), by Delivery Mode(Web-based/Cloud-based and On-premise), by End User (Hospitals, Clinics, andOthers), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) was valued at US$ 539.1 million in 2018, and isprojected to exhibit a CAGR of 18.8% during the forecast period (2018 – 2026).
Key players in the market are engaged inimproving their in-house patient flow management solutions by collaborating andpartnering with new key players in the market. For instance, in May 2018,Change Healthcare (a joint venture of McKesson Corporation and ChangeHealthcare Holdings, Inc.) announced plans to collaborate with Adobe andMicrosoft. Together, the companies will develop a cloud-based tool that canaggregate and activate consumer data from disparate sources such as electronichealth records (EHRs), patient registration, scheduling, and billing, among others.In July 2018, Change Healthcare received the US$ 5.5 million grant from TheIsrael Innovation Authority (IIA), to expand its research and development(R&D) facility in Israel. In September 2018, Hyland Healthcare and ChangeHealthcare partnered to offer fully integrated medical claims attachmenttechnology. This allows providers and payers to transmit claims attachmentquickly and improves patient experience, optimize the revenue cycle, and reduceinefficiency and wait time.
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Browse 25 Market Data Tables and29 Figures spread through 183 Pages and in-depth TOC on ‘Patient FlowManagement Solutions Market, by Product Type (Integrated and Standalone), byComponent (Hardware, Software, and Services), by Delivery Mode(Web-based/Cloud-based and On-premise), by End User (Hospitals, Clinics, andOthers), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) - Global Forecast to 2026’
Furthermore, key players in themarket are focused on acquisition strategies to expand their geographicalpresence. For instance, in October 2015, Aptean completed the acquisition ofMedworxx Solutions Inc. Through the acquisition, Medworxx’s knowledgemanagement, patient flow, and patient safety solutions portfolio for healthcareorganizations was added to Aptean’s product portfolio. In May 2018, Allscripts Healthcare Solutionssigned a definitive agreement to acquire HealthGrid Holding Company. HealthGridis a developer of mobile patient engagement platforms, which enable providers toreach patients using existing contact information, without requiring them tosign up for a patient portal. Furthermore, under the agreement, Allscripts willintegrate HealthGrid's functions into its FollowMyHealth patient engagementplatform. In June 2017, Aptean acquired FDM Software. This acquisition enablesAptean to offer an integrated platform with hospital patient flow capabilities.FDM Software operates its business in Records Management (RMS), Computer-AidedDispatch (CAD), mapping and analysis solutions for public safety agencies in NorthAmerica and Latin America.
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Key Takeaways of the Patient FlowManagement Solutions Market:
The global patient flowmanagement solutions market is expected to exhibit a CAGR of 8% during theforecast period, owing to rising need to manage patient flow in healthcarefacilities and to decrease possibility of human error
Among product type, standalonesegment accounted for major market share in 2017. Standalone systems arelargely preferred, owing to data security concerns among patients andprofessionals. However, comparatively high cost of maintenance is expected tohinder growth of the standalone segment.
Among component, software segmentaccounted for the largest share in 2017. Software is an integral and essentialpart of patient flow management solution system. Patient flow managementsolution software is used in managing, tracking, and reporting patient data,and are designed for clinics and hospitals that have a huge inflow ofpatients.
Among delivery mode,web-based/cloud-based segment accounted for the largest share in 2017, as itallows automatic software updates, easy accessibility to information, properdocument controlling, and low cost solution as compared to on-premise deliverysystem.
Among end user, hospital segmentaccounted for the largest share in 2017, owing to the increasing adoption ofpatient flow systems to provide structured and consistent care, therebyenabling staffs to provide the best possible care, particularly crucial forpatients with dementia or Alzheimer’s disease
Major players operating in theglobal patient flow management solutions market include Getinge AB, AllscriptsHealthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, EpicSystems Corporation, Aptean, Inc., Sonitor Technologies, Inc., Stanley Black& Decker, Inc., and TeleTracking Technologies, Inc.
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