Rising Adoption of Patient-Centric Approach by Healthcare Providers is expected to enhance the Patient Flow Management Market from 2018 to 2025.
The global patient flow management market is expected to reach US$ 2,126.6 Mn in 2025 from US$ 452.7 Mn in 2017.
Patient-centric care is defined as healthcare system that establishes partnership among practitioners and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent years, wireless technologies are built around the premise through which personalized data and interactions prompted by the patient are able to be managed by both the patient and provider. Smartphones are known as significantly important tools that helps to change the health-related behaviors and to manage hospital schedules by patients and medical staff. These internet-based tools also contribute to make healthcare practices more easy and manageable by, collecting health data or healthcare information and offer services to the patients in terms of providing appropriate guidance regarding the concern physicist and the related details of the time availability and appointment scheduling. Due to the easy access and vast variety of applications, the large number of people can use these have started using these tools to eliminate waiting times and get convenient appointments. Thus, moving away of hospitals from self-referential designs to a patient-centric and convenient approach for both the healthcare providers as well as the patients with the help of patient flow management solutions are expected to promote the growth of the market over the forecast years.
The shortage of expertise and human skills in healthcare field, inclusive of health-care information technology (HCIT) is evident and is expected to grow in the coming years. Demand for health care will continue to grow as the baby boomer population ages. At the same time, a large percentage of the health care workforce is reaching retirement age. There aren’t enough younger workers to fill the gap. Moreover, the IT executive survey by the Healthcare Information and Management Systems Society (HIMSS) in 2016 also found that 51% of respondents participated in the survey plan to increase IT staff in the next year, due to inefficiency of resources. The U.S. healthcare industry is facing an even more significant IT worker shortage than previously thought, and that shortage is slowing efforts to roll out adoption of healthcare IT applications. With a shortage of skilled IT professionals, the productivity for development for logically advanced healthcare IT platforms such as patient flow management solutions gets hampered and thereby is responsible for the obstruction in the market growth.
The major players operating in the patient flow management market include McKesson Corporation, Care Logistics, Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Inc., Central Logic, Allscripts Healthcare Solutions, Inc., and Sonitor Technologies among others.
