The U.S. healthcare ERP market size is expected to reach USD 2.1 billion by 2025, registering a 5.6% CAGR from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is expected to grow over the forecast period owing to the continued adoption of ERP software among healthcare providers based in the U.S. to deal with large volumes of data accumulated through digital resources. The rising burden of processing payment, insurance, and other administrative information of newly-enrolled patients on healthcare administrators is also expected to drive the adoption of healthcare ERP solutions in the U.S.
Cloud
computing technology has triggered a paradigm shift from an on-premise
deployment to a cloud-based deployment of ERP solutions in the U.S. Moreover, a
hybrid deployment can support the features of both on-premise deployment and
cloud-based deployment of these solutions, thereby ensuring cost-effectiveness,
data security, and agility in administrative processes. A hybrid deployment
also helps in overcoming the cost concerns associated with on-premise
deployment and the security concerns associated with cloud-based deployment.
Cloud-based deployment of ERP solutions in the U.S. is expected to grow at a
rapid pace over the forecast period owing to the benefits associated with the
hybrid deployment.
Vendors
in the market for healthcare ERP in the U.S. are trying aggressively to
increase their customer base and gain a competitive edge over their rivals.
They are focusing on licensing and strategic partnerships as part of the
efforts toward this end. Companies, such as SAP SE, Microsoft Corporation, and Nuvolo,
among others, are also focusing on strategic technology collaborations either
to develop new healthcare ERP applications for the U.S. market or to add new
capabilities to their existing applications. On the other hand, healthcare
providers are also focusing on replacing obsolete technologies with the latest
technologies to adapt to the changing requirements.
Full Research Report On U.S. Healthcare ERP Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/us-healthcare-erp-market
Further key
findings from the report suggest:
- The patient
relationship management segment is expected to emerge as the
fastest-growing segment over the forecast period as medical care providers
are finding it challenging to strengthen their relationships with patients
owing to the continued enrolment of new patients
- The
integration of artificial intelligence (AI) in healthcare ERP solutions is
allowing to provide personalized patient care by determining the condition
of patients and providing them with the necessary care
- The
initiatives undertaken by the government to improve healthcare facilities
are expected to open opportunities for the growth of the market
- Medical care
administrators in the U.S. are focusing on integrating natural language
processing (NLP) programs and machine learning (ML) in their ERP systems
to employ predictive analytics in proactively identifying patients
- Some of the
key players in the U.S. healthcare ERP market include Epicore Softcare
Corporation; Infor; Oracle Corporation; Microsoft Corporation; Sage
Software Solution Pvt. Ltd.; and QAD Inc.; among others.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/us-healthcare-erp-market/request/rs1
Grand View Research has
segmented the U.S. healthcare ERP market on the basis of function and
deployment:
U.S. Healthcare
ERP Function Outlook (Revenue, USD Million, 2014 - 2025)
- Inventory and material management
- Supply chain and logistics management
- Patient relationship management
- Finance and billing
- Others
U.S. Healthcare
ERP Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- On-premise
- Cloud
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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