As IT healthcare companies press on with their value-based care, Cerner Corporation and Epic Systems continue to lead the population health management marketplace. According to a new report from Black Book Research, the major IT health powerhouses like Cerner Corporation and Epic Systems will continue to dominate the health software market as predictive analytics, EHRs and revenue cycle tools merged into comprehensive patient management platforms.
Cerner Corporation and Epic Systems, leading health IT vendors
Cerner Corporation and Epic Systems along with Allscripts and even other leading health IT vendors, are continuously expanding their health IT offerings in order to encompass more of the administrative and clinical functions, which is required to required to stratify risk, engage individuals in their own care, track patient movement across the care continuum, and monitor associated value-based revenues.
What Doug Brown has to say?
Doug Brown, managing partner of Black Book Research said, ‘The activity and energy are high’. He added, ‘Clearly, the best articulation of this energy is coming from the leading electronic medical record (EMR) suppliers, namely Epic Systems, Allscripts, and Cerner, that have previously provided fee-for-service (FFS) platforms and are now fully investing in new, non-FFS tethered platforms to manage population health’.
He added, organizations that invest in the integrated health IT offerings are more likely to have an edge over competitors spending energy, time, and money on cobbling together disparate systems.
Brown said, ‘Systems like Epic that were developed from the start as a single, longitudinal patient record spanning inpatient, outpatient, post-acute, and billing will have the advantage’.
What Ryan Hamilton of Cerner Corporation said?
Ryan Hamilton, Senior Vice President of Population Health at Cerner said, ‘Population health is shifting the focus of healthcare from managing episodic encounters to managing individuals across the continuum’.
He further added, ‘Risk-holding organizations — health systems, health plans, ACOs, employers and government agencies — are looking for enterprise platforms that can span the heterogeneous nature of the emerging networks, but allow for deep integration into the provider workflow’.
What Alan Hutchison of Epic Systems said?
Alan Hutchison, Vice President of Connect & Population Health at Epic Systems said, ‘It’s true that many systems were developed to track separate healthcare encounters in order to get paid in a fee-for-service reimbursement model’. He added, ‘Those systems are struggling to accommodate the need to transition to a holistic understanding of their patients, with cost and utilization tracked at every point along the care continuum’.
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Date: June 13, 2017