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Need for Improved Integration of Clinical and Administrative Systems to Fuel Demand for Enterprise Management Systems

Posted on: Monday, 12 February 2007, 06:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c50167) has announced the addition of Frost & Sullivan's new report: European Healthcare Provider Enterprise Management Systems Market to their offering.

This research service titled European Healthcare Provider Enterprise Management Systems Market provides an overview of market dynamics and revenues, along with a complete analysis of key market drivers, restraints and trends that are affecting healthcare providers' investments in enterprise management systems. In this research, expert analysts thoroughly examine the following markets/applications/technologies: human resource management and payroll, financial management and analytics, materials and supply chain management modules.

Market Sectors

Human Resources and Payroll

Financial Management and Analytics

Material and Supply Chain Management

The following technologies are covered in this research:

ERP

NET Framework

Web-based Technology/Services

Wireless Networks and Mobile Technologies

Market Overview

Need for Improved Integration of Clinical and Administrative Systems to Fuel Demand for Enterprise Management Systems

Healthcare providers across Europe are exhibiting an increasing demand for enterprise management applications to establish an effective system-wide integration of staffing and patient-care processes. In the past, medium and large healthcare providers have witnessed the extensive deployment of disparate business and financial applications. Hence, in comparison to clunky interfaces between separate systems, enterprise management systems will assist in ensuring that a single system possesses all required data in one database. Consequentially, this is expected to offer healthcare providers the benefits of improved quality, productivity and profitability. As proper implementation of an enterprise resource planning (ERP) system offers improved co-ordination of patient care and administrative process, thereby facilitating a high level of integration, the enterprise management systems market is expected to witness continued growth.

The appeal of enterprise management software to healthcare providers is obvious, notes the analyst of this research service. Instead of the use of a host of separate (and largely disconnected) applications to keep track of business activities such as finance, human resources and payroll, a single system from an individual vendor will be more effective. Thus, healthcare organisations will be able to control supply and purchasing costs, improve human resource departments efficiently and productively and continuously monitor their financial and administrative functions.

Offering Complete Product Portfolio and Effective Integration of Modules Crucial to Market Growth

While the installation and implementation of clinical information systems has enjoyed continuous focus, adopting an IT approach in hospitals and concentrating on business systems will offer significant benefits. To this end, vendors in the enterprise management systems market are actively offering administrative and logistical solutions to healthcare organisations. However, due to the time and cost factors involved as well as the complexity of the software, market growth is being adversely affected, remarks the analyst. Thus, while vendors' efforts to persuade large healthcare providers of the overriding benefits of return on investment (ROI) have been successful, gaining the trust of smaller healthcare providers remains a challenge.

Hence, in keeping with healthcare providers' expectations of high levels of experience and service, as well the expansive project scope associated with the implementation of an ERP system, vendors will need to exhibit a keen understanding of the healthcare business. Currently, the market remains fragmented with global ERP vendors and hospital information system (HIS)-focussed companies striving to gain a market share. Hence, vendors would do well to incorporate a complete product portfolio or alternatively, provide the integration of modules from other vendors. Clearly, quantifying the benefits of such systems and providing justifiable ROI will be crucial for market growth.

For more information visit http://www.researchandmarkets.com/reports/c50167

Source: Business Wire

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