EHR Revenue To Hit $3 Billion In 2013

Sep 7th, 2010 | By Jason Frederick | Category: EMR Software, health IT

The Future of the mom and pop EMR company is a sinking ship. With over 300 current EHR vendors on the market, most of which are small businesses with under $1,000,000.00 in annual sales, the EHR market will begin to become over saturated.

There are many reasons to choose an EHR, the number one reason being the change in reimbursement. Not to mention how complicated the documentation process has become to receive reimbursement from the government and commercial payers.

There are also many other factors driving the EHR market, another example would be the new ICD-10 codes, scheduled to go into effect October 1, 2013. These new codes are going to require all physicians to upgrade their current practice management systems and or require the practicing physician to adopt a certified EHR solution.

To learn more about the future of the EMR market follow this link:

http://www.informationweek.com/news/healthcare/EMR/showArticle.jhtml;jsessionid=DIOS215CQFFWLQE1GHPSKH4ATMY32JVN?articleID=227200057&pgno=1&queryText=&isPrev=

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