{"id":2669,"date":"2011-12-30T07:00:10","date_gmt":"2011-12-30T15:00:10","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=2669"},"modified":"2011-12-30T07:00:10","modified_gmt":"2011-12-30T15:00:10","slug":"health-care-emr-adoption-climbing-and-expected-to-be-strong-over-the-next-five-years","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/health-care-emr-adoption-climbing-and-expected-to-be-strong-over-the-next-five-years\/","title":{"rendered":"Health Care: EMR Adoption Climbing and Expected to be Strong over the next Five Years"},"content":{"rendered":"

The deadline for the\u00a0Health Information Technology for Economic and Clinical Health<\/a> (HITECH) Act\u00a0has many scrambling to adopt EMR systems before that deadline in order to qualify for the funding. \u00a0Incentive funding via HITECH\u00a0to hospitals and physicians to adopt\u00a0Electronic Medical Records<\/a> (EMRs) will stop in 2014. \u00a0A pot of $19 billion of incentives is currently acting as a strong driver to encourage EMR adoption. \u00a0But many believe that once the number of EMR systems rolled out spikes in adoption rates in 2013, without further incentives, the market is likely to stagnate after that.<\/p>\n

A report by Frost and Sullivan on the EMR market <\/a>notes that “Providers of hospital IT infrastructure are showing great urgency in rolling out solutions, especially due to the rudimentary levels of the current IT infrastructure, and given the short implementation deadlines (roughly 2011 to 2015) set by the government.”<\/p>\n

But just because HITECH incentives will be phased out may not necessarily mean that the market will stagnate. \u00a0A report by Toronto-based Millennium Research Group<\/a> (MRG) expects there to be strong growth in the area of EMR implementations<\/a> past 2012 through 2016. \u00a0The group estimates that EMR software will grow annually at a rate faster than 12 percent. \u00a0By 2016, EMR market revenues are expected to top $8.3 billion. \u00a0MRG thinks that despite the loss of incentive funding, new rules by Medicare which mandates electronic records will continue to prop up demand for the systems.<\/p>\n

SK&A<\/a>, A Cegedim Company and a leading provider of healthcare information solutions and research, in a recent survey found that the EMR adoption rate already has exceeded 40 percent. \u00a0Adoptions rates were higher for physicians in large practices compared to those in smaller ones. \u00a0Sole-practitioner offices had reached a 30 percent adoption rate while 75 percent of offices with 26 or more physicians are now using EMRs. \u00a0Offices with only a single examination room had achieved 28 percent adoption, while offices with more than eleven examination rooms had a 64 percent adoption. \u00a0Similarly offices seeing just 50 patients on a daily basis had 36 percent adoption, while those offices seeing more than 100 patients per day have 66 percent adoption.<\/p>\n

Some of the largest vendors of EMR systems include Allscripts, Meditech, Epic Systems, Cerner, McKesson, Siemens Healthcare, GE Healthcare, eClinicalWorks, NextGen Healthcare and Sage.<\/p>\n

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The deadline for the\u00a0Health Information Technology for Economic and Clinical Health (HITECH) Act\u00a0has many scrambling to adopt EMR systems before that deadline in order to qualify for the funding. \u00a0Incentive funding via HITECH\u00a0to hospitals and physicians to adopt\u00a0Electronic Medical Records…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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