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Telehomecare Solutions, and Cloud Computing will be the New Revenue Pockets for the Global Home Healthcare Software and Services Companies
The demand for clinical IT solutions for homecare providers is increasing with the growing requirement to electronically enter patient information. To meet this growing need, healthcare systems globally are looking forward to integrate their EHR solutions with other clinical modules as well as non-clinical modules, which help in making accurate decisions at the point-of-care.
The current healthcare system is moving towards pay-for-performance model from traditional fee-for-service model. The aim of pay-for-performance model is to provide quality care at home and physicians will be compensated for caring and monitoring patients at home. To achieve this goal, telehealth has emerged as a game changing solution for the healthcare system, especially homecare. The implementation of telehealth not only reduces the cost but also fastens the healthcare services and the quality.
Cloud computing has emerged as a significant model to deliver integrated or non-integrated homecare solutions. This helps healthcare organizations to share information stored across different information systems, in real time. Furthermore, cloud computing also reduces the burden on healthcare systems, as the dependency on IT staff reduces. This results in increased productivity and cost-efficiency.
North America is the largest contributor in 2013 and ranked second in terms of growth rate in the coming years. Factors accelerating growth in the North American market are the presence of financial support from the government, growth in demand for integrated solutions, rising healthcare cost, expanding aging population, and parallel increase in the number of chronic disorder patients.
Asia is poised to be the fastest growing market from 2013 to 2018. China will remain the blue-eyed frontier market for investors to invest in owing to favourable government initiatives. Saudi Arabia, South Korea, Bahrain, and Australia will be other promising destinations for the homecare software market players.
Home Healthcare Software - Product & Service Market - Application (Clinical, Non - Clinical), Usage (Laptop, Smartphone), Product (Agency, Clinical Management System, Telehealth, Hospice), Delivery (Web - Based, On - Premises, Cloud), End User - Global Forecast to 2018
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