Healthcare comes to EMS

The latest buzz in the enterprise management systems industry? The newfound interest being taken by healthcare systems in enterprise management systems. Results released today from a recent study undertaken by global consulting firm Frost & Sullivan says that trends show boom times for those vendors actively offering administrative and logistical solutions for healthcare provider organisations.

Frost & Sullivan statistics show that the European healthcare provider enterprise management systems market earned revenues of US $165.0 million in 2005 and figures to reach US $224.2 million in 2010. In defining the European healthcare provider enterprise management systems market, Frost & Sullivan sees the sub-segment as part of Healthcare IT service. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews related to the study are available to the press. The Frost & Sullivan report gave ample time to the distribution of deployment among large- and medium-sized healthcare providers across Europe, calling it “extensive.”

Now that the advantages are more well-known, reasons the survey, “this is set to drive market growth over the long term.” The biggest problem facing EMS providers today? Time. Time, as they say (And they sure say a lot, don’t they?), is money. And the single most discouraging aspect for customers, opines the survey authors, is cost and length of implementation. The smaller end of the potential market remains out of reach for most providers.

To overcome this, healthcare providers will need to ensure that their systems supplier provides the best levels of experience and service. Due to the expansive project scopes associated with the implementation of an ERP system, vendors will have to exhibit a demonstrable track record of understanding healthcare business to establish a solid basis for future growth. A virtual brochure with an overview of the latest analysis of the European healthcare provider enterprise management systems market can be had by emailing contact information to Radhika Menon Theodore of Frost & Sullivan Corporate Communications at rmtheodore@frost.com.