Healthcare Business Benefits Of Electronic Health Records & Vendors

list top electronic health record vendors best medical records software

Electronic health records have transformed the medical organizations like never before. Consider switching to an EHR and run your practice with high efficiency. Using Electronic Health Records (EHRs), all the history of patient’s medical data can be recorded and stored appropriately in a centralized system. In olden days and even now in some healthcare organizations health records of the patients are saved on paper. However, technical advancements have changed this scenario and the health records can be saved in digital formats. 

EHRs are one of the most important products of healthcare IT services due to the immense benefits they offer. EHRs focus on the complete health of the patients. They allow hassle-free tracking of massive data of hundreds of patients that enters the healthcare organizations every single day. Documents like patient forms, their test reports, prescriptions or any other related documents can be maintained well. EHRs also allow sharing of this information with other healthcare bodies like laboratories, pharmacies or other branches of the hospitals. This enhances the quality of medical services and care provided to the patients. Healthcare organizations like hospitals, clinics and even individual medical practices have been taking advantage of EHRs in several ways. 

They are very useful not only to the practitioners but also to the patients. In this article, we have highlighted the significant benefits of EHRs. Top advantages of Electronic Health Records Keeping a record of up-to-date and accurate data about the patients in digital format Ensuring fast access to the medical data of patients for efficient and coordinated care Sharing the electronic medical data in a safe and secure manner with patients or other hospital staff Helping proper documentation of all the patient data Decreasing paperwork and setting the hospital staff free for other important tasks Enabling more effective diagnosis of patients with reduced medical errors and safer operations; thus improving the health of patients Boosting interaction and communication between patients and care providers 

Ensuring that the patient data remains safe and secure Enabling the patients to review their medical history, take necessary precautions and be alert about their treatments. Helping the care providers to enhance their productivity and efficiency while meeting their business goals Integrating patient data from different resources for better clinical decision-making There are many ways Electronic Health Records are improving the functioning of medical facilities.  They ensure that the processes become faster because the entries are not done manually. EHRs increase transparency so that doctors can immediately access previous health issues of the patients and provide better treatment. 

Providing remote treatments is possible with EHRs as they can be easily paired with the healthcare management system or health apps or smartphones. It forms a powerful connection and important patient data can be accessed from anywhere. As a result, doctors can follow-up with patients and keep in touch. This facility is extremely helpful in case of an emergency. One more benefit that EHRs provide is improving inventory management of drugs. Recording the data alerts of the concerned person for increasing the drug supply in a timely manner. The bottom line: Investing in an EHR system can be a highly beneficial decision for any medical organization. Making the transition from paper-based processes to Electronic Health Records has already transformed many organizations. It also provides a competitive advantage to a hospital. 

Not only small or large hospitals but even insurance companies, government hospitals, etc. have started adopting and implementing EHRs. Biz4Solutions is a leading provider of healthcare IT services. We have developed cutting-edge mobile apps and other software solutions for various healthcare organizations across the globe. If you are willing to deliver value to your patients, we can help you with our healthcare software solutions like Electronic Medical Records, Electronic Health Records, Patient Scheduler System, Healthcare Management System, mHealth Apps, etc. We have developed outstanding apps like Phlex65, ReadyOpScan, and HMS.

Transparency Market Research Report Added "Electronic Health Records Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023" According to a new market report published by Transparency Market Research “Electronic Health Records Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023” the global EHR market was valued at US$18.93 bn in 2014 and is expected to grow at a CAGR of 5.4% from 2015 to 2023, to reach an estimated value of US$30.28 bn by 2023. Get Report Sample and Customization: Electronic health record (EHR) are a summary of the various electronic medical records which are generated during any clinical encounter. 

An EHR stores a wide range of data such as medical history of a patient, medication, laboratory test results, diagnostic images and demographics. In the past, EHR adoption has been higher among medium to large-sized hospitals as compared to small-sized practices, primarily because hospitals have a larger budget than small-sized practices. However, during the forecast period from 2015 to 2023, the market for EHR systems used in small-sized practices is expected to witness significant growth rate. Significant advantages associated with EHR systems and financial incentives by government of various countries are among the major factors driving the growth of EHR market worldwide. 

Benefits to EHR system encompasses accurate and up–to-date patient information, reduced healthcare cost in long term, quick access to patient related data, reduced medical errors, increased patient participation and improved efficiency of healthcare providers. These advantages encourage healthcare providers to equip themselves with technically advanced EHR systems, and thereby drive the market growth. During the forecast period from 2014 to 2020, financial incentives by governments in developed countries will continue to drive the growth of EHR market. The global EHR market based on installation type is studied for three prominent categories: web based, client server based, and software as a services. Rapid technological advancement with data access through smartphones, government initiatives, need for improved efficiency and the quality of service delivery, and increasing disposable income are the major factors fueling the growth of global electronic health records (EHR) market, by installation type. 

Web-based EHR systems are popular among medical professionals because these reduce deployment costs. On the other hand, client-server based EHR systems have up-front installation fees, which acts as a major restraint among small and mid-size practices. For instance, in March 2014, CoxHealth deployed a comprehensive web-based population health and patient engagement platform from Phytel, Inc. to enhance health outcome of patients and ease the transition from fee-for-service to outcome-based payment model, currently prevailing in the U.S. under Obama Care. The software as a service (SaaS) segment is likely to grow at a rapid pace during the forecast period i.e. 2015 to 2023. Software as a service (SaaS) is gaining higher preference among physicians as it eliminates 
technical glitches and offer low upfront costs. Overall considering the installation type of EHR systems, the client-server based EHR helps to gain more control on both the software as well as the data. Similarly, the cost is reduced significantly in web-based EHR systems and the data is backed up automatically by the vendor. The data can be accessed from anywhere in the world. Software as a service EHR systems are typically beneficial for standalone centers or older physicians who are in the industry for few years in order to avoid the penalty charges by the Centers for Medicare & Medicaid Services. 

Key healthcare industry players profiled in the electronic health record market study encompasses Allscripts Healthcare Solutions, Inc., Athenahealth, Inc., Cerner Corporation, CPSI, Epic Systems, eClinicalWorks, GE Healthcare, Greenway Health, LLC, Medical Information Technology, Inc., McKesson Corporation, NextGen Healthcare and 4medica just to name a few major companies.

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