IDC Health Report: Caduceus Software Systems in Good Position to Gain Market Share in EHRs Growth [Health & Beauty Close – Up]

Caduceus Software Systems Corp. has announced that information obtained from a new IDC Health Report shows that ambulatory Electronic Health Records (EHRs) will grow significantly in the next several years.

According to a release, the report anticipates a conversion rate increase for mid-sized and large practices from less than 25 percent in 2009 to more than 80 percent by 2016.

In the report "IDC MarketScape: U.S. Ambulatory EMR/EHR for 2011 Vendor Assessment," it shows how fast this industry is growing as it takes a look at 10 electronic health record programs which are targeting the mid-sized and large practices seeking for the benefits that these programs offer. As a provider of EHR software, Caduceus is positioned to be part of this growth.

Caduceus' CEO Derrick Gidden said "Our EHR technology platform and road map is designed to take advantage of a market opportunity in excess of $3B as reported by CaspSite, which is a healthcare technology research and advisory firm."

The anticipated growth is fuelled primarily by government incentives, according to IDC, but additional trends include the quality of care improvements that result from using EHRs in ambulatory practices, their growing capabilities and use of cloud computing, the use of mobile devices in ambulatory practices, and the consolidation of provider vendors as market saturation increases.

Judy Hanover, IDC Health Insights research director, states: "To meet all of the challenges of EMR/EHR adoption and get to meaningful use while preparing for healthcare reform, it is clear that ambulatory providers need integrated EMR/EHR solutions that address not only the total cost of ownership for the technology but also the infrastructure, workflow, and human factor issues associated with the new technologies. There is no one-size-fits-all solution for EMR/ EHR, and each application should be evaluated on the basis of its unique characteristics and fit with a particular practice." With the scalability of the Caduceus EHR software, it will allow the Company the ability to market to both big and small practices.

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