Patient Flow Management Solutions Market - Outlook, and Opportunity Analysis, 2018-2026
Increasing number of hospital admissions and shortage of healthcare professionals is expected to create more burden on the current hospital patient flow management system, thereby increasing the demand for advanced patient flow management solutions.
A report published by Association of American Medical Colleges (AAMC) in March 2018 focuses on the scenario of shortage of heathcare physicians in both primary and specialty care. This report updates and aligns estimates conducted in 2015, 2016, and 2017, which shows a projected shortage of physicians between 42,600 and 121,300 by 2030.
The report aggregates the shortages into four broad categories: primary care, medical specialties, surgical specialties, and other specialties. According to this report, an estimated shortfall of between 14,800 and 49,300 primary care physicians will be reported by 2030. Furthermore, for the same period, there will be a shortage in non-primary care specialties between 33,800 and 72,700 physicians.
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.
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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.
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.
Major players operating in the global patient flow management solutions market include Getinge AB, Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Epic Systems Corporation, Aptean, Inc., Sonitor Technologies, Inc., Stanley Black & Decker, Inc., and TeleTracking Technologies, Inc.
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