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Multiple Benefits of Enterprise Management Systems to Promote Their Expanded Use By Healthcare Providers

Posted on: Monday, 19 June 2006, 03:00 CDT

LONDON, June 19 /PRNewswire/ -- To date, the growth of enterprise management systems has been limited to the manufacturing sector. Now, several healthcare systems have begun to take an interest in these applications after struggling for years to find effective ways to accomplish system-wide integration of staffing and patient care processes. Backed by significant justification in using ERP systems in the healthcare environment, vendors are actively offering administrative and logistical solutions for healthcare provider organisations.

Frost & Sullivan (http://www.healthcare.frost.com/) finds that the European Healthcare Provider Enterprise Management Systems Market earned revenues of US$165.0 million in 2005 and estimates this to reach US$224.2 million in 2010.

Both large and medium healthcare providers across Europe have witnessed extensive deployments of disparate business and financial applications over the years. Instead of clunky interfaces between separate systems, one system with all the data held in a single database, could boost quality, productivity and profitability. Providers realise the benefits of enterprise management systems and this is set to drive market growth over the long term.

"The appeal of enterprise management software to healthcare providers is obvious," notes Frost & Sullivan Industry Analyst Konstantinos Nikolopoulos. "Instead of a host of separate (and largely disconnected) applications keeping track of business activities such as finance, human resources and payroll, a single system- from a single vendor- could handle everything."

However, one of the most discouraging aspects for customers in acquiring enterprise management software has been the cost and length of implementations. While vendors have been able to persuade large providers of the overriding benefits of return on investments, they are yet to dispel the fears of smaller customers.

"The implementation of enterprise management software remains a big concern in terms of time frames, budgets and the complexity of the software," explains Mr Nikolopoulos. "Stories of projects dragging on continuously for years with resulting costs getting out of control have had a sobering effect on many potential customers and disillusioned those at the receiving end."

To overcome this, healthcare providers will need to ensure that their systems supplier provides the best levels of experience and service. Due to the expansive project scopes associated with the implementation of an ERP system, vendors will have to exhibit a demonstrable track record of understanding healthcare business, thereby establishing a solid basis for future growth.

The European Healthcare Provider Enterprise Management Systems Market is part of the Healthcare IT Service, which also includes research in the following markets: European Markets for Healthcare Payer IT Solutions, European Hospital Administrative Systems Market, Competitive Profiles of Key Healthcare IT Firms and European Hospital Information Systems Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the European Healthcare Provider Enterprise Management Systems Market (B686- 48) then send an e-mail to Radhika Menon Theodore - Corporate Communications at rmtheodore@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com/.

European Healthcare Provider Enterprise Management Systems Market B686- 48 Contact: Radhika Menon Theodore Corporate Communications - Europe P: +91-44-42044541 F: +91-44-24314264 E: rmtheodore@frost.com Melina Trevino Corporate Communications - Americas P: +1-210-247-2440 F: +1-210-348-1003 E: melina.trevino@frost.com Surbhi Dedhia Corporate Communications - India P: +91-22-5001-3431 E: sdedhia@frost.com Jasminder Kaur Corporate Communications - Asia Pacific P: +65-68900937 E: jkaur@frost.com Sharmin Jassal Corporate Communications - Australia P: +61-2-8247-8900 F: +61-2-9252-8066 E: sjassal@frost.com http://www.frost.com/

Keywords in this release: Europe, healthcare provider enterprise management systems market, healthcare providers, enterprise management systems, market, ERP, healthcare systems, patient care processes, enterprise management software

Frost & Sullivan

CONTACT: Melina Trevino, Corporate Communications - Americas, P:+1-210-247-2440, F: +1-210-348-1003, E: melina.trevino@frost.com

Source: PRNewswire

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