The market size of APAC EMR and EHR solutions is estimated to be USD 2.5 Billion in 2018 growing at a steady CAGR of 7.7% and is expected to reach a market size of USD 3.62 Billion in 2023. The growth of the market is driven by factors such as Growing emphasis on patient experience, Increasing emphasis on Evidence-Based care, Increasing demand for Population Health Management (PHM) and Competition amongst healthcare providers.
- Definition / Scope
- Market Overview
- Market Risks
- Top Market Opportunities
- Market Drivers
- Market Restraints
- Industry Challenges
- Technology Trends
- Pricing Trends
- Regulatory Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Distribution Chain Analysis
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
- An EMR is a legal, digitized record of all encounters an individual has with a particular healthcare provider, supported by one or more of the following applications: clinical data repository (CDR), clinical decision support system (CDSS), controlled medical vocabulary (CMV) and/or computerized physician order entry (CPOE).
- An EHR is a legal, digital record of all encounters that an individual has with possibly all the healthcare provider organizations within a community, state, or region.
- The Governments and Healthcare Service Providers are focused on reducing medical expenses and improving population health and well-being. A shortage of medical professionals is witnessed across many departments in various APAC countries; As clinicians are concentrated in Urban areas disproportionate clinician-to patient ratio in many areas have been encountered.
- APAC has been investing in healthcare digitalization to increase efficiency, reduce expenses and automate/eliminate redundant processes. As a result the adoption of IT is spurring a new wave of development across both public and private hospitals in APAC. The most notable of the IT Upgrades are the Electronic Medical Record (EMR) and Electronic Health Record (EHR) technologies.
- There is significant advancements in technology and the healthcare services offered online which is outlined in the following image
Components of an EMR
The Various components of an EMR includes:
- A Face Sheet is a quick view of the patient, containing basic demographic info such as Age, Gender, Address and Phone Number. It also constitutes overview of the patient's medical condition, allergies and current medications. In an EMR, this overview may be called a Snapshot or Synopsis.
- This includes events that have occurred which constitutes an encounter with a care provider.Regular Office Visits, trips to the ER, immunizations, hospital stays, and even telephone calls to the doctors all are considered to be encounters, and are recorded in the medical record.
- This is where the physician and other caregivers document their assessment, impressions, and other data observed during visits with patients.
Orders and Prescriptions
- Any time a healthcare provider prescribes a medication, orders an X-Ray, or even advises to wear a knee brace- these are all orders and are documented in the medical record.
- Results from the lab tests, MRIs, or any other diagnostic tests will be in this section.
Miscellaneous information and documents from other healthcare providers
- This is where any miscellaneous documents or materials are kept. For a paper chart, it’s usually near the end.
Components of an EHR
The eight core capabilities that EHRs should possess are:
Health information and data: Having immediate access to key information - such as patients' diagnoses, allergies, lab test results, and medications - would improve caregivers' ability to make sound clinical decisions in a timely manner.
Result management: The ability for all providers participating in the care of a patient in multiple settings to quickly access new and past test results would increase patient safety and the effectiveness of care.
Order management: The ability to enter and store orders for prescriptions, tests, and other services in a computer-based system should enhance legibility, reduce duplication, and improve the speed with which orders are executed.
Decision support: Using reminders, prompts, and alerts, computerized decision-support systems would help improve compliance with best clinical practices, ensure regular screenings and other preventive practices, identify possible drug interactions, and facilitate diagnoses and treatments.
Electronic communication and connectivity: Efficient, secure, and readily accessible communication among providers and patients would improve the continuity of care, increase the timeliness of diagnoses and treatments, and reduce the frequency of adverse events.
Patient support: Tools that give patients access to their health records, provide interactive patient education, and help them carry out home-monitoring and self-testing can improve control of chronic conditions, such as diabetes.
Administrative processes: Computerized administrative tools, such as scheduling systems, would greatly improve hospitals' and clinics' efficiency and provide more timely service to patients. Reporting.
Electronic data storage that employs uniform data standards will enable health care organizations to respond more quickly to federal, state, and private reporting requirements, including those that support patient safety and disease surveillance.