Patient-centric care is defined as healthcare system that establishes partnership among practitioners and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent years, advanced technologies are being utilized through which personalized data and interactions prompted by the patient are able to be managed by the patient as well as the provider. Smartphones are known as significantly important tools that help to change health-related behaviors and to manage hospital schedules by patients and medical staff.
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The major players operating in this study include, MPN Software Systems, Inc., American Medical Software, TimeTrade, AdvancedMD, Inc., StormSource, LLC, ByteBloc Software, Daw Systems, Inc., WellSky, Voicent Communications Inc., and Yocale Network Corporation.
Major problems of hospitals often depend on a poor management of patient flow, with common witnessed problems such as clinical mistakes, queues and delays, under- and over-capacity utilization, patient acceptance in inappropriate settings, variability of workload and stress for hospital staff. Thus, moving away of hospitals from self-referential designs to a patient-centric and convenient approach for both the healthcare providers as well as the patients with the help of medical scheduling software is expected to promote the growth of the market over the forecast years.
The market for medical scheduling software is expected to grow, owing to factors such as rising adoption of patient-centric approach by healthcare providers and shortage of nursing staff and doctors. In addition, increasing usage of smartphones, tablets & pads to boost adoption of solutions is likely to have a positive impact on the growth of the market in the coming years.
Europe is the second largest geographic market and is expected to be the second largest revenue contributor throughout the forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of digital technology in order to increase the efficiency of healthcare facilities in the region. The growth is driven by the factors such as, adoption of reforms to reduce waiting times, growth of the private healthcare sector as well as increase in the use of information technology in healthcare industry.
Strategic Insights
There have been limited developments made in the medical scheduling software market during the recent years. However, growth strategies such as expansion and acquisitions have been witnessed in the market. For instance, during July, 2018 when AdvancedMD completed the acquisition of Nuesoft Technologies, Marietta, Georgia-based SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice. Also, expansion by WellSky by the establishment of its headquarters in Kansas during March, 2018 has helped the company strengthen its customer base in the Kansas market.
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