For several years Kalorama Information has been studying the trend of electronic medical records (EMR) and electronic health records (EHR). What was already a fast-growing market dramatically changed in 2009 when as part of the ARRA stimulus law, the US Government provided incentives for physicians and hospitals to use systems. Those incentives have now been clarified and in 2011, the first checks have been issued. What will be the impact of those incentives, as well as vendor actions? And what will happen in this market in the years to come?

This report, EMR 2011 , Kalorama's most recent look at the market and trends impacting electronic medical record software and related services, seeks to answer these questions and provide crucial data for business planning. Included in the report are statistics influencing the industry, demographics; life expectancy, and company strategies. Information is presented as a U.S. market, with a section on key international markets. A market summary provides a total market analysis. Also included is a competitive analysis of leading EMR system providers.

The report covers:

• Current Market for EMR and Forecast
• Hospital and Physician EMR Adoption Statistics
• Pricing of Select EMR Systems
• ROI for Physicians
• Profiles of Major Vendors
• Mergers and Acquisitions
• Current Vendors with CCHIT Qualification
• Summary of Third-Party EMR User Survey Results
• Analyst Conclusions Regarding the EMR Market

The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information.

Among the trend impacting the marketplace are the following:

• Meaningful Use
• Stimulus Guarantee
• Challenges to Healthcare Reform
• Cloud Computing
• Stark Law
• Discrete Recordable Transcription
• Regional Extension Centers
• Personnel Issues
• Security Breaches/Portable Devices
• Doctor’s Surveys
• Interoperability
• Smart Cards Technology
• Wireless Technologies
• Open Source EMR Applications
• Usability and Adoption
• Physician Group Practices and the Recession
• Quality of Care/Malpractice/Security
• Cost-Benefit Analysis
• ROI For a Typical Physician Practice
• Implementation Costs and ROI for Hospitals
• Privacy Issues
• Technology Limitations
• Social and Organizational Barriers
• CCHIT
• NHIN
• Results of WalMart and Dell Launches
• Direct PPC Offerings
• International Markets

For the purpose of this study, Kalorama Information conducted interviews with more than 22 key industry officials, consultants, health care providers, and government personnel. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives.

As part of its coverage, the following companies are profiled in this report:

• Allscripts Healthcare Solutions
• Aprima Medical Software, Inc
• Cerner Corporation
• Computer Programs and Systems, Inc.
• eClinicalworks
• Epic Systems, Inc.
• GE Healthcare
• Medical Information Technology, Inc. (MEDITECH, Inc.)
• MedPlus, Inc.
• McKesson Corporation
• NextGen Healthcare Information Systems/QSI
• Practice Fusion
• Quadramed Corporation
• Siemens Medical Solutions
• Other select EMR companies are profiled in brief...

All market data pertains to the world market at the manufacturers’ level. The base year for data was 2010. Historical data was provided for the years 2008 and 2009, with forecast data provided for 2010 through 2015. Compound annual growth rates (CAGRs) are provided for the 2008-2010 and 2011-2015 periods for each region and/or segment covered. Competitive analysis is provided for the year 2010. The forecasted market analysis for 2011-2015 was largely based on demographic trends, new developments, company performance trends, merger and acquisitions, and national expansion.

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For Kalorama's take on the healthcare news of the week, based on our analysis of healthcare markets, follow Kalorama Information's Key Point Blog at http://kaloramakeypoint.blogspot.com/

Additional Information

center>EMR Market Grew in 2010, Despite Confusion Over Meaningful Use

Despite some slower than expected growth in EMR system sales due to confusion over vendor qualifications and federal guidelines, the EMR market grew in 2010 and it should see its best years ahead, according to research from Kalorama Information. The healthcare market research publisher's latest report, EMR 2011: The Market for Electronic Medical Record Systems, values the market for EMR at $15.7 billion in 2010.

According to the report, the growth rate of 10% in 2009 and 13.6% in 2010 was a little slower than anticipated (Kalorama had predicted 15% growth for both years), the result of some hesitation on the part of physicians confused about meaningful use guidelines. But despite the slower rate of growth, considerable growth did occur. Physician adoption has improved and incentive checks have been issued. Survey results show physician usage of EMR near 50%, and Kalorama Information believes adoption and upgrading activities will be brisk in coming years. As new systems are sold, companies will still earn revenues from existing clients in servicing and consulting. Kalorama expects over 18-20% market growth for the next two years.

"We think that while progress was made in physician adoption and in vendor sales, there is still a lot more potential," said Bruce Carlson, publisher of Kalorama Information. "There are still a considerable number of physicians who need to be fully functional and hospitals that have to improve their stage ranking."

The report includes revenues for EMR and CPOE systems, and also directly related services, such as installation, training, and consulting, which are often the key profit areas for companies. Kalorama's forecast assumes that EMR usage will continue to increase, as hospital EMR adoption will encourage physician adoption, current EMR Stage 3 hospitals will purchase more advanced systems and current EMR owners will upgrade. Most importantly, however, Kalorama believes that the threat of penalties in 2015--reduced CMS payments for those that do not engage in meaningful use of electronic record--will force doctors and hospitals to make upgrade decisions.

"The stick is stronger than the carrot when it comes to the ARRA incentive-penalty equation," said Carlson. "We continue to believe that and we think it's the industry's consensus as well. While the policy already picked up those oriented towards technology, the penalties will force conversion and upgrading in the future. And those decisions will happen in the next two years, before the penalties kick in."

More information on key companies in EMR, the pricing of products, physician and hospital adoption statistics and important conclusions about the market can be found in EMR 2011: The Market for Electronic Medical Record Systems. The report provides a breakout between the hospital and physician/web market and is the result of research into company publications and interviews with industry personnel.

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