Top Companies in the Electronic/E Prescription Market | Leading Players over all Analysis and Strategies to Overcome by VMR
A medical prescription is a written instruction by a physician to recommend and authorize a patient to purchase and use prescribed drugs and treatments.
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Market Overview:
The Global E prescription Market is valued at USD 1,582.21 Million in 2021 and is projected to reach a value of USD 5,346.62 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 22.5% over the forecast period. Electronic Prescription is a relatively new type of prescription using a computerized system that reduces medication prescribing errors and improves communication between physicians, pharmacists, and patients. The growing trend of getting acquainted with Electronic Health Records (EHR) and Electronic Medical Records (EMR) is expected to generate revenue for the E prescription Market. Also, government initiatives for providing online schemes and policies for maximum use of Electronic prescriptions are fueling the growth of the market in near future.
Electronic Prescription is an application that helps patients and physicians to interact and minimize communication gaps. This is helping to reduce errors in medication and other important documentation. For instance, the growth in e-prescription has not been limited to physicians. In the same period, the percentage of healthcare facilities enabled to accept Electronic Prescriptions grew from 76% to 96%. The Institute of Medicine (IoM) states that medical errors cause at least an estimated 44,000 preventable deaths annually in the United States of America alone, of which 7,000 deaths are attributable to sloppy handwriting. This can be reduced by using e-prescription technology, thus boosting the market to flourish in coming years.
Some of the key players operating in the Electronic/E Prescription market are listed below:
|
Company Name |
Revenue in USD |
|
$3 Billion |
|
$5 Billion |
|
$1 Billion |
|
$589 Million |
|
$861 Million |
|
$12 Billion |
|
$18 Billion |
|
$488 Million |
|
$273 Million |
|
$100 Million |
Founded in a basement in 1979 with 1½ employees, Epic develops software to help people get well, help people stay well, and help future generations be healthier. An "epic" is a glorious recounting of a nation's events. At Epic, the company's core mission is improving healthcare: helping people get well, helping people stay well, and helping future generations be healthier. Nurturing a community that appreciates diversity is a part of that mission. To this end, Epic's Diversity Council coordinates strategic initiatives to support people of all backgrounds, including folks of every race, ethnicity, ability status, gender identity, and sexual orientation.
For 40 years, the company has been working at the intersection of healthcare and information technology to connect people and systems around the world. The company uses the latest technology to create solutions that let communities and people engage in their own health. Whether they are supporting the clinical, financial, or operational areas of a hospital or health system, their tools are designed to work for today and think for tomorrow. The company supports its clients by surfacing data that enables them to make informed decisions for better management of operations while arming their clinicians with the information they need to provide smarter care. Empowering them to know, manage and engage with the people they serve.
Allscripts Healthcare Solutions is an American multinational company founded in 1986. The company provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology. The company is headquartered in Chicago, Illinois, United States. In 2020, the company generated revenue of USD 150 Million and had 8,400 employees working across the globe. The company is listed as MDRX (NASDAQ) in the stock exchange market. The company has various subsidiaries such as Practice Fusion, Health Grid Holding Company LLC, and various others.
NextGen Healthcare Inc. is a leading healthcare solutions provider on a mission to improve the lives of those who practice medicine and their patients. The company supports providers of ambulatory care and the communities they serve. The company’s comprehensive, integrated technology and services platform supports ambulatory and specialty practices of all sizes. The company helps empower patients to take control of their health to improve outcomes and increase loyalty. They enable clinicians to be more productive and engaged. The company is devoted to driving predictable financial outcomes and ensuring frictionless interoperability to promote more seamless information exchanges. By providing insights to identify gaps and manage risks, they strive to better coordinate care.
Athenahealth was founded in 1977. The company provides network-enabled services for healthcare and point-of-care mobile apps in the United States. The company is headquartered in Watertown, Massachusetts, United States, U.S. In 2019, the company generated revenue of USD 570 Million and has 5,000 employees working across the globe. The company is a privately held company. The company has various subsidiaries such as Epocrates, Arsenal Health, Filament Labs, Inc., and various others.
Henry Schein, Inc. is a solutions company for health care professionals powered by a network of people and technology. With more than 21,600 Team Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. The company's Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government, and institutional health care clinics, as well as other alternate care sites. The company operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.
GE Healthcare is an American multinational company founded in 1994. The company provides services to industries and the healthcare sector. These include Imaging, Ultrasound technology, Healthcare IT, Contrast Media, Anesthesia Delivery Drugs, Diagnostic ECG, Maternal Infant Care solutions, Patient Monitors, and various others. The company is headquartered in Chicago, Illinois. In 2020, the company had 54,000 employees working across the globe. The company’s parent organization is General Electric.
MEDITECH develops EHRs to simplify and enhance clinicians’ interactions with patients. The company makes technologies that encourage human connection, instead of getting in the way. A partnership with MEDITECH can open up new possibilities for transformational change in their organization. The company wants to help build a world where every patient can access their health information and participate in their own care. The company thinks every healthcare organization can serve their community quicker and more safely if they have instant access to records, knowledge, and data.
CPSI is a leading provider of healthcare solutions and services for community hospitals, clinics, and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies Evident, LLC, American HealthTech, Inc., TruBridge, LLC, TruCode, LLC, and iNetXperts, Corp. d/b/a Get Real Health. Company's combined companies are focused on helping improve the health of the communities they serve, connecting communities for a better patient care experience, and improving the financial operations of their customers. Evident provides comprehensive EHR solutions for community hospitals and their affiliated clinics. American HealthTech is one of the nation’s largest providers of EHR solutions and services for post-acute care facilities. TruBridge focuses on providing business, consulting, and managed IT services, along with its complete RCM solution, for all care settings.
Since 2000, DrFirst has pioneered healthcare technology solutions and consulting services that securely connect people at every touchpoint of care to improve patient outcomes. Headquartered in Rockville, Maryland, DrFirst creates unconventional solutions that shatter information silos and solve care collaboration, medication management, price transparency, and adherence challenges in healthcare. The company's technology can be used as stand-alone solutions or integrated within the workflow of electronic health records and health information systems. DrFirst products are used by over 300,000 healthcare providers, including more than 100,000 prescribers, in hospitals, clinics, and private practices throughout the U.S. and Canada.
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