Report ID: SQMIG35G2124
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Electronic Health Records Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Electronic Health Records industry players.
The electronic health records market is mostly fueled by the growing demand for digitalization in healthcare, with hospitals and clinics increasingly using electronic systems instead of relying on paper-based patient records. Hospital administration's emphasis on improving care and patient safety supports the rapid transition to EHRs because they provide quick access to reliable patient information, reduce medical errors, and improve clinician decision-making.
According to SkyQuest Technology “Electronic Health Records Market By Offering (Solution, Services), By Deployment Model (On-premises, Web & Cloud-based), By Functionality Level (Basic EHR, Advanced EHR), By Type, By Application, By End User, By Region - Industry Forecast 2025-2032,” Global Electronic Health Records Market is projected to grow at a CAGR of over 5.8% by 2032, on account of urgent need for automating quantified data. Regulatory requirements/legal mandates and government support, in many countries, to promote the implementation of health IT systems, support increased adoption and use of EHRs. Additionally, the increasing burden of chronic diseases and the associated rise in the amount of health data to manage support the need for efficient record-keeping systems. Further, the growing use of cloud-based systems, mobile technologies, and interoperability standards is helping to fuel growth in the EHR space by facilitating the sharing of data across health providers and increasing operational efficiencies.
|
Company |
Est. Year |
Headquarters |
Revenue |
Key Services |
|
Epic Systems |
1979 |
Verona, Wisconsin, USA |
USD 4.6 billion (2023) |
Patient portal, interoperability, analytics, mobile health solutions |
|
Oracle Health (Cerner) |
1979 |
Kansas City, Missouri, USA |
USD 5.5 billion (2023) |
Population health management, cloud-based solutions, interoperability |
|
Meditech |
1969 |
Westwood, Massachusetts, USA |
USD 1.2 billion (2023) |
Patient portal, analytics, interoperability |
|
Athenahealth |
1997 |
Watertown, Massachusetts, USA |
USD 1.2 billion (2023) |
Practice management, revenue cycle management, patient engagement |
|
Allscripts |
1986 |
Chicago, Illinois, USA |
USD 1.5 billion (2023) |
Practice management, analytics, population health management |
|
CareCloud |
1999 |
Somerset, New Jersey, USA |
USD 117 million (2023) |
Practice management, medical billing, telehealth, patient engagement |
|
eClinicalWorks |
1999 |
Westborough, Massachusetts, USA |
USD 600 million (2023) |
Patient portal, population health management, telehealth |
|
NextGen Healthcare |
1974 |
Irvine, California, USA |
USD 600 million (2023) |
Practice management, analytics, interoperability |
|
CompuGroup Medical |
1984 |
Koblenz, Germany |
USD 1.28 billion (2023) |
Pharmacy software, laboratory software, telemedicine |
|
TruBridge (CPSI) |
Rebranded (2024) |
Mobile, Alabama, USA |
USD 500 Million (2024) |
Practice management, revenue cycle management, analytics |
Epic Systems, founded in 1979 and now based in Verona, Wisconsin, is one of the largest vendors of electronic health records worldwide. The company offers a suite of software solutions designed for healthcare organizations, including electronic health records (EHR), electronic medical records (EMR), patient experience, and data analytics. Epic has strong interoperability features, so data can flow seamlessly across hospitals, clinics, and research organizations.
Founded in 1979 and located in Kansas City, Missouri, Oracle Health (previously Cerner Corporation) became part of Oracle following their 2022 acquisition. The Cerner business unit interfaces easily with Oracle's cloud architecture, which permits, among other improvements, deep analytics capabilities driven by Artificial Intelligence.
Meditech was founded in 1969 and is now located in Westwood, Massachusetts. The company is a front runner in health information systems, offering an integrated suite of electronic health records, interoperability solutions, and analytic solutions for hospital systems, clinics, and long-term care facilities.
Founded in 1997 and currently based in Watertown, Massachusetts, Athenahealth is a leader in cloud-based EHR, practice management, and revenue cycle management solutions. Athenahealth's solutions offer enhanced connectivity between providers and patients while improving operational and clinical factors.
Founded in 1986, Allscripts Healthcare Solutions is based in Chicago, Illinois and provides complete EHR, EMR, and practice management solutions. Using data and interoperability to drive clinical, financial, and operational outcomes, Allscripts platforms like Sunrise and TouchWorks are used worldwide by hospitals, clinics, and ambulatory care centers.
Founded in 1999 and located in Somerset, New Jersey, CareCloud specializes in EHR, practice management, medical billing, and telehealth services. Utilizing the website and mobile applications, clinicians and practices use CareCloud to manage clinical and financial operations for their practices and patients. Its modern and intuitive design appeals to small and medium-sized practices who want digital health tools that are affordable and easy-to-use.
eClinicalWorks is a large EHR and practice management solution provider for ambulatory care settings, founded in 1999 and located in Westborough, Massachusetts. eClinicalWorks provides cloud-based EHR tools that address clinical documentation, population health, patient engagement, and telemedicine. eClinicalWorks’ focus on innovation and interoperability allows healthcare providers to deliver coordinated care to improve patient outcomes.
Founded in 1974 and based in Irvine, California, NextGen Healthcare provides EHR, practice management, analytics, and interoperability solutions, mainly for ambulatory care and specialty clinics.
Founded in 1984 and headquartered in Koblenz, Germany, CompuGroup Medical (CGM. is among Europe's leading healthcare IT companies. CGM offers electronic health records, pharmacy management software, and telehealth solutions. CGM operates globally and supports the digitalization of the healthcare industry. CGM's focus on data security, interoperability, and AI-powered analytics places it at the forefront of healthcare IT change in Europe and its commitment to continuous innovation in connected healthcare ecosystems improves efficiency and quality of care for patients.
Rebranded in 2024 and located in Mobile, Alabama, TruBridge is a division of CPSI (Computer Programs and Systems Inc.) and provides EHR, practice management, and revenue cycle management solutions. TruBridge primarily serves community hospitals, rural health facilities, and physician clinics. TruBridge stresses operational efficiency and financial sustainability in its cloud-based solutions and supports the ability of smaller health care organizations to access modern health IT infrastructure. TruBridge's increased focus on interoperability and analytics has improved its competitive position in the market.
In summary, the electronic health records market is set for major growth driven by the increasing digitalization of healthcare systems, increasing demand for better patient care, and government efforts to promote health IT. The efficiency of clinical care has improved, and errors have decreased by moving away from paper-based records to electronic systems with easy data sharing capability with other health care providers. EHR solutions are accessing greater capabilities to be viable, scalable, and user-friendly fueled by growth in cloud computing, mobile health technologies, and interoperability standards. As health care organizations focus increasingly on patient-centered care and data-driven decision making, the EHR market will continue to gain momentum only to provide more opportunity for vendors, technology developers, and health care organizations at the community and international level.
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