Over the past couple of decades, enterprise resource planning (ERP) systems and associated technologies have garnered considerable traction across diverse industries beginning with the manufacturing sector. The promise of several gains accrued from the deployment of ERP system underpins its burgeoning popularity. The gains entail large efficiency improvements across business processes of organizations, streamlining communication across departments, better productivity, and the several strategic benefits to managers. Healthcare industry is no different. For long, healthcare organizations including hospitals world over are seeking ways to successfully implement ERP to boost operational efficiencies, notably with respect to key performance indicators (KPIs), and optimize cost, especially from their back-end operations.
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The implementation of ERP can span vast spectrum of areas or functions such as inventory management, supply chain management, patient relationship management, finance and billing, compliance management, medical equipment, and revenue cycle management. ERP system in the healthcare industry also plays a crucial role in synchronizing patient database and take patient interaction with clinicians on the next level. The integration of ERP with their health IT infrastructure has enabled players in the healthcare industry to modernize their IT systems.
The report offers a comprehensive outlook of various regional markets and identifies untapped pockets lucrative avenues in key regions. The study also takes a closer look at the prevailing regulatory landscape and the impact it has on emerging strategic dynamics in these regions. It also gives a critical assessment of various regional growth trajectories of the market during the assessment period of 2018–2026. Developing and developed countries are witnessing substantial uptake of healthcare ERP solutions. In particular, developed markets are expected to reap huge benefits from rising industry efforts to enhance electronic health record (EHR) interoperability across different healthcare systems.
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The study presents a detailed assessment of the various elements of the competitive landscape. It offers insights into the profiling of key players and the key strategies adopted by them to consolidate their positions in the market. Some of the prominent players operating in the market could be SYSPRO, McKesson Corporation, QAD, Epicor Software Corporation, Infor, and Oracle Corporation.