Long Term Care Software Market study is conducted using top-down and bottom-up approaches and further analyzed using analytical tools such as porter’s five force analysis and uncover Opportunities, Challenges, restraints, and trends of the Global Long Term Care Software market. The report includes the analysis and discussion of important industry trends, market size, market share estimates, profiles of the leading industry players, and forecasts. Few of the major competitors currently working in the long term care software market are LTCG; Allscripts; Cerner Corporation; Intellitec Solutions; Sunrise Senior Living; Atria Senior Living, Inc.; ADL Data Systems, Inc.; CVS Health; Omnicell, Inc.; Netsmart Technologies, Inc.; ResMed; McKesson Corporation; Optimus EMR; PointClickCare; MatrixCare; BlueStrata EHR and Kronos Incorporated.
Global Long Term Care Software Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026
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Market Drivers
Increasing number of chronically ill patients which has been a result of increasing geriatric population; this factor is expected to act as a driver for the market growth
Lack of the skilled staff and professionals for the provision of proper healthcare services is expected to drive the market growth
Market Restraints
Lack in adoption and persistence to stick with traditional methods of providing healthcare services and solutions is expected to restrain the market growth
Requirement of large capital funding for installation and maintenance of this service; this factor is expected to act as a restraint to the market growth
MAJOR TOC OF THE REPORT
Chapter One: Long Term Care Software Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Long Term Care Software Market Competition, by Players
Chapter Four: Global Long Term Care Software Market Size by Regions
Chapter Five: North America Long Term Care Software Revenue by Countries
Chapter Six: Europe Long Term Care Software Revenue by Countries
Chapter Seven: Asia-Pacific Long Term Care Software Revenue by Countries
Chapter Eight: South America Long Term Care Software Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Long Term Care Software by Countries
Chapter Ten: Global Long Term Care Software Market Segment by Type
Chapter Eleven: Global Long Term Care Software Market Segment by Application
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Key Stakeholders Audience Covered:
In order to better analyze value chain/ supply chain of the Industry, a lot of attention given to forward and backward Integration of Long Term Care Software Market
- Long Term Care Software Manufacturers
- Long Term Care Software Distributors/Traders/Wholesalers
- Long Term Care Software Sub-component Manufacturers
- Industry Association
- Downstream Vendors
Reasons for buying this Long Term Care Software Report
1. Long Term Care Software market report aids in understanding the crucial product segments and their perspective.
2. Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Long Term Care Software industry.
3. Even the Long Term Care Software economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.
4. This report provides a more rapid standpoint on various driving facets or controlling Long Term Care Software promote advantage.
5. This worldwide Long Term Care Software report provides a pinpoint test for shifting dynamics that are competitive.
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Global Long-Term Care Software Market is expected to reach USD 3.81 Billion by 2024 from USD 1.46 Billion in 2016 at CAGR of 12.82% (Detailed analysis of the market CAGR is provided in the report).
Long-Term Care Software improves resident care, maintain compliance, reduce labor cost, and increase reimbursement with fully-integrated electronic health record and billing solutions.
Long-Term Care Software also improves the specialized elements of financial management, reporting and analysis, and revenue cycle management.Global Long-Term Care Software Market is segmented by product, mode of delivery, end user, and geography.
Product segment is bifurcated as Clinical Software and Non-Clinical Solutions.
End-user segment is classified as home healthcare agencies, hospice care facilities, and nursing homes and assisted living facilities.
Rising awareness, rapidly improving healthcare infrastructure, the major players are investing in countries like India and China, and growing investment in the healthcare technology in this region will fuel the Long-Term Care Software Market in APAC region.Key Highlights: • Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period • Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Global Long-Term Care Software Market analysis and comprehensive segmentation with respect to the product, mode of delivery, end user, and geography to assist in strategic business planning • Global Long-Term Care Software Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regionsResearch Methodology: The research methodology used in this report contains various secondary sources including Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Global Long-Term Care Software Market.
The long-term care is given in various places by various caregivers, relying upon an individual's requirement. Day program, home care, nursing home, senior housing, proceeding care retirement community and helped to live are different levels of long-term care. Individuals regularly require long-term care when they have a genuine, progressing health condition, for example, after an inability, stroke, or heart attack. Regularly, these health conditions grow bit by bit, as individuals get older or an inability or illness deteriorates.The long-term care software is a completely coordinated electronic health billing and record solution for maintaining compliance, enhancing resident care, increase reimbursement and reduce labor cost. In this software, data is inserted by the user once and it passes through the system for different amenities.
It additionally contours the specific components of revenue cycle management, reporting and analysis, and financial management. The software gives great quality care with precise data, spares time, helps in proficiency and productivity and diminish the threat of repetition by eradicating irregularities in the documentation.It additionally gives merged reports to maintaining records, automatic inter-facility accounting, and multiple facilities throughout long time periods. This software essentially contains clinical and non-clinical software and utilized as nursing homes, home health agencies and helped hospice facilities and living facilities.
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The HITECH Act (Health Information Technology for Economic and Clinical Health) enhances health care efficiency, safety, and quality comprising EHRs and a secure and private electronic health information exchange. In 2010 the DEA Drug (Enforcement Agency) adopted the EPCS (E-Prescriptions for Controlled Substances) to diminish errors, accelerate the medication balancing process, track fulfilment of prescriptions as well as increase compliance to medications etc.US practitioners are receiving roughly USD 60.00 for RPM (remote patient monitoring), in effect from January 1, 2018.Software maintenance expenditure regard issues linked to version upgrades and functionality enhancements, correcting deployment challenges, fixing bugs, improvement of attributes and correcting faults. Small clinics and hospitals opt for outsourcing an IT services firm for EHR system maintenance. There are direct investment expenditure and post-implementation maintenance expenditures.Healthcare providers confront the challenge in choosing the EHR since it requires a high cost.
There is moreover an ambiguity on training fees, consulting, projected maintenance cost and implementation cost. Upon picking out an on-premise model, the caregivers must administer all the back-office technology comprising servers, data storage, and data backup. These issues may possibly impede the expansion of the long-term care software market. Other aspects that are restraining the Market expansion of long-term care software are a reluctance of the conventional long-term caregivers to adopt the software.Region-wise, North America regional market is considered to gain market attractiveness in the worldwide market owing to increase in the geriatric populace and increasing requirement to bring down healthcare expenditure in the region.
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The Asia market will show high expansion rates in the years to follow, with India and China being the highest expanding markets in the region.Increase in aging population, lack of doctors and nursing staff, a rise in healthcare cost, increasing occurrence of chronic diseases, rising healthcare growths and increasing number of initiatives by several government associations and governments are some aspects fuelling the expansion of the global market. Cloud-based software and remote patient monitoring could assist generate prospects for the worldwide market.
Increasing the requirement for cloud-based solutions, collaborations and partnerships and fresh product launches are a few trends in the overall market. The prominent companies functioning in the worldwide market are Cerner Corporation, Allscripts Healthcare Solutions Inc., Omnicare Inc., McKesson Corporation, Advanced Answers On Demand Inc., Omnicell Inc., Kronos Incorporated, HealthMEDX, Optimus EMR, and Matrix Care. Recently, in June 2018, McKesson Corporation finished the formerly announced acquirement of Medical Specialties Distributors.
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Long-term care is a service which helps meet medical and non medical needs of people with chronic illnesses or disabilities.
It involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time.
These services assist people to live independently and safely when they can no longer perform everyday activities on their own.According to this study, over the next five years the Long-term Care Software market will register a 15.3% CAGR in terms of revenue, the global market size will reach US$ 2520 million by 2024, from US$ 1070 million in 2019.
In particular, this report presents the global revenue market share of key companies in Long-term Care Software business, shared in Chapter 3.This report presents a comprehensive overview, market shares and growth opportunities of Long-term Care Software market by product type, application, key companies and key regions.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2785804The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The Key Manufacturers covered in this report:SigmaCareMatrixCareAllscriptsOptimus EMRSoftWritersPointClickCareCernerVersaSuiteEpic SystemsNapierThis study considers the Long-term Care Software value generated from the sales of the following segments:Segmentation by Product Type: Breakdown data from 2014 to 2019, and Forecast to 2024.Clinical SoftwareNon-Clinical SolutionsSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.Nursing HomesALFs & ILFsHome HealthcareGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2785804In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.The global Long-term Care Software market has been segmented by region which includes the Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
