Physician Confidence Key to Boost Sales of EMRs.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- While privacy and security issues regarding patient records remain partly unresolved, many practitioners are hesitant to support electronic medical record (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ) applications. In this situation, vendors need to convince the medical fraternity about the benefits of EMR, and its increased ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). , to instill in·still v. To pour in drop by drop. in  stil·la tion n. confidence to invest in IT solutions. New analysis from Frost & Sullivan (http://www.healthcare.frost.com), "U.S. Electronic Medical Records Markets for Inpatient and Ambulatory Care ambulatory care n. Medical care provided to outpatients. ambulatory care, n the health services provided on an outpatient basis to those who can visit a health care facility and return home the same day. ," reveals that estimated revenue in hospital segment market was $758.80 million in 2003 and projects to reach $ 1259.12 million by 2007. If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the U.S. Electronic Medical Records Markets for Inpatient and Ambulatory Care, then send an email to Danielle White Danielle Marie White (born February 2, 1992 in Cincinnati, Ohio) is an American singer who was raised in Bradenton, Florida. In 2003, White appeared on the reality television series American Juniors - Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. at dwhite@frost.com with the following information: your full name, company name, title, telephone number, fax number, and email. Upon receipt of the above information, an overview will be sent to you via e-mail. "Fresh medical graduates, who are usually computer literate, are more open to the idea of EMRs and so vendors need to target this group to improve revenues," suggests Frost & Sullivan Research Analyst Natesh Subbarajagupta Kare. Compounding the difficulty due to lack of confidence among the majority of physicians, is the need for more developments in standardization to document and transmit patient records, which can render EMR systems in different medical facilities interoperable. Since care providers are enthusiastic about interoperability, the lack of it, to an extent, decreases deployment of EMR. "Persuading physicians to share patient information -- something never done traditionally except for basic facts -- is a matter of changing culture and relationships," says Kare. The smooth integration of new technology with changing tradition can make the healthcare process efficiently functional and vendors can reap the benefits of this situation. Therefore, they need to spare no effort to make this a possibility. Another problem facing the EMR industry is the lack of common identifiers. Although progress is being made towards establishing community-based health records, the challenge is rather big. Since traditional EMR vendors are not fully equipped to solve this by themselves, continuous support from the federal government, vendors, providers, patients, and various other related organizations is required to overcome this challenge in the long run. The upcoming April 2005 Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ) deadline for security regarding personal health information documented, used and shared, has many healthcare organizations and vendors working hard to ensure patient security. Community-based health records can provide much-needed continuity and safety in patient care. With EMR being the central record update, systems including picture archiving and communication system In medical imaging, picture archiving and communication systems (PACS) are computers or networks dedicated to the storage, retrieval, distribution and presentation of images. The medical images are stored in an independent format. (PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. ) and laboratory systems can also be incorporated to interface with each other. "U.S. Electronic Medical Records Markets for Inpatient and Ambulatory Care," a part of the Healthcare IT subscription, analyzes the EMR market for the hospital segment in in-patient and ambulatory care and for private practices in ambulatory care. Comprehensive information is provided on the regulatory issues, technology trends and growth opportunities concerning United States EMR markets and strategies for vendors to chalk out to sketch with, or as with, chalk; to outline; to indicate; to plan. - Burke. See also: Chalk their future moves. Interviews are available to the press. Frost & Sullivan, a global growth consulting company, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies include custom strategic consulting, market intelligence and management training. Our mission is to forge partnerships with our clients' management teams, to deliver market insights, and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers and support staff, spans the globe with offices in every major country. -0- U.S. Electronic Medical Records Markets for Inpatient and Ambulatory Care A813 -0- The following is a key list of industry participants: Keywords in this release: electronic medical records, EMR, in-patient care, ambulatory care, U.S., interoperability, exchange of patient information, common identifiers, Health Insurance Portability and Accountability Act, HIPAA, picture archiving and communication system, PACS, laboratory systems, research, information, market, trends, technology, service, forecast |
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