The Global Patient Flow Management Solutions Market, by Product Type (Integrated and Standalone), by Component (Hardware, Software, and Services), by Delivery Mode (Web-based/Cloud-based and On-premise), by End User (Hospitals, Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 539.1 million in 2018, and is projected to exhibit a CAGR of 18.8% during the forecast period (2018 – 2026).
Key players in the market are engaged in improving their in-house patient flow management solutions by collaborating and partnering with new key players in the market. For instance, in May 2018, Change Healthcare (a joint venture of McKesson Corporation and Change Healthcare Holdings, Inc.) announced plans to collaborate with Adobe and Microsoft. Together, the companies will develop a cloud-based tool that can aggregate and activate consumer data from disparate sources such as electronic health records (EHRs), patient registration, scheduling, and billing, among others. In July 2018, Change Healthcare received the US$ 5.5 million grant from The Israel Innovation Authority (IIA), to expand its research and development (R&D) facility in Israel. In September 2018, Hyland Healthcare and Change Healthcare partnered to offer fully integrated medical claims attachment technology. This allows providers and payers to transmit claims attachment quickly and improves patient experience, optimize the revenue cycle, and reduce inefficiency and wait time.
Browse 25 Market Data Tables and 29 Figures spread through 183 Pages and in-depth TOC on ‘Patient Flow Management Solutions Market, by Product Type (Integrated and Standalone), by Component (Hardware, Software, and Services), by Delivery Mode (Web-based/Cloud-based and On-premise), by End User (Hospitals, Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026’
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Furthermore, key players in the market are focused on acquisition strategies to expand their geographical presence. For instance, in October 2015, Aptean completed the acquisition of Medworxx Solutions Inc. Through the acquisition, Medworxx’s knowledge management, patient flow, and patient safety solutions portfolio for healthcare organizations was added to Aptean’s product portfolio. In May 2018, Allscripts Healthcare Solutions signed a definitive agreement to acquire HealthGrid Holding Company. HealthGrid is a developer of mobile patient engagement platforms, which enable providers to reach patients using existing contact information, without requiring them to sign up for a patient portal. Furthermore, under the agreement, Allscripts will integrate HealthGrid's functions into its FollowMyHealth patient engagement platform. In June 2017, Aptean acquired FDM Software. This acquisition enables Aptean to offer an integrated platform with hospital patient flow capabilities. FDM Software operates its business in Records Management (RMS), Computer-Aided Dispatch (CAD), mapping and analysis solutions for public safety agencies in North America and Latin America.
Key Takeaways of the Patient Flow Management Solutions Market: