In a recent blog post by Erik Bermudez, he asks the question about whether the Hospital EMR market is heating up or cooling down. He suggests that it’s heating up and offers this commentary as proof:
In 2015, KLAS validated that over 490 acute care hospitals were involved in an EMR contract decision of some kind, which represents an increase of almost 200% over 2014. That’s nearly 10% of the entire US hospital market making an EMR decision in 2015 alone.
We’ll see if this trend continues. No doubt there was a cooling off of the market as meaningful use matured in 2014. Given that cooling off period, it’s not really a surprise that it would start to heat up.
Eric also points out that buzzwords like population health and interoperability are dominating the conversation as opposed to EHR. I’d in the healthcare analytics buzzword to that list. These are indeed hot topics, but what’s interesting is that each of these topics really requires an EHR. You’re not likely to buy a healthcare analytics system if you don’t have an EHR. You need the data to be electronic (presumably in an EHR) to do the analytics (yes, I know there are edge cases where you don’t).
Given this dependency on EHR, we shouldn’t be surprised that many organizations are making an EMR decision. No doubt some healthcare organizations have an EMR that doesn’t support the advanced population health, interoperability and analytics initiatives they’d like to do. No doubt these advanced efforts are going to drive adoption of new EHR vendors that can support these efforts.
What do you think? Is the EHR buying market hot or cold? Let us know your thoughts in the comments.