Long-term care is a service which helps meet medical and non medical needs of people with chronic illnesses or disabilities. It involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services assist people to live independently and safely when they can no longer perform everyday activities on their own.
Long-term Care Software Market: Global Industry Analysis and Forecast 2014 - 2020
1. Long-term Care Software Market: Global Industry Analysis and Forecast 2014 -
2020
Persistence Market Research
Long-term Care Software Market: Global
Industry Analysis and Forecast 2014 - 2020
Persistence Market Research 1
2. Long-term Care Software Market: Global Industry Analysis and Forecast 2014 -
2020
Persistence Market Research Released New Market Report on “Long-term Care Software
Market: Global Industry Analysis and Forecast 2014 - 2020”.
Long-term care is a service which helps meet medical and non medical needs of people with chronic
illnesses or disabilities. It involves a variety of services designed to meet a person's health or personal
care needs during a short or long period of time. These services assist people to live independently and
safely when they can no longer perform everyday activities on their own. Long-term care is provided in
different places by different caregivers, depending on a person's needs. Home care, day program, senior
housing, nursing home, continuing care retirement community, and assisted living are various levels of
long-term care. People often need long-term care when they have a serious, ongoing health condition
such as after a heart attack, stroke, or disability. Most often, these health conditions develop gradually, as
people get older or an illness or disability gets worse. Long-term care software is a fully-integrated
electronic health record and billing solution to improve resident care, maintain compliance, reduce labor
cost, and increase reimbursement. In the software data is entered by user once and it flows through the
system for various facilities. It also streamlines the specialized elements of financial management,
reporting and analysis, and revenue cycle management. The software helps provide good quality care
with accurate information, saves time, boosts efficiency and productivity, and reduce risk of redundancy
by eliminating inconsistencies in documentation. It also provides consolidated reports for multiple
facilities, automatic inter-facility accounting, and maintains records over long periods of time. Long-term
care software is mainly comprises of clinical and non-clinical software and used in home health agencies,
nursing homes, and assisted living facilities and hospice facilities.
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software-market.asp
North America dominates the global market for long-term care software due to rise in geriatric population
and rising need to lower healthcare costs in the region. The market in Asia is expected to show high
growth rates in the next five years, with China and India being the fastest growing markets in the region.
The key driving forces for the long term care software market in developing countries are the large pool of
patients, increasing awareness about diseases, improving healthcare infrastructure, changing
demographic trends, and rising government funding in the region.
Rise in aging population, shortage of nursing staff and doctors, increase in healthcare expenditure, rising
prevalence of chronic diseases, increasing healthcare developments, and rising number of initiatives by
various governments and government associations are some of the key factors driving the growth of the
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3. Long-term Care Software Market: Global Industry Analysis and Forecast 2014 -
2020
global long-term care software market. However, high software maintenance cost, low adoption of
software in developing countries, and reluctance of traditional long-term care providers to adopt software
are major restraints for the growth of the global long term care software market.
Remote patient monitoring and cloud-based software can help create opportunities for the global long-
term care software market. Growing demand for cloud-based solutions, partnerships and collaborations,
and new product launches are some of the trends in the global long-term care software market. The major
companies operating in the global long term care software market are Allscripts Healthcare Solutions,
Inc., Cerner Corporation, McKesson Corporation, Omnicare, Inc., Omnicell, Inc., Advanced Answers On
Demand, Inc., HealthMEDX, Kronos Incorporated, Matrix Care, and Optimus EMR.
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Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full “All Upcoming Persistence Market's ” report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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4. Long-term Care Software Market: Global Industry Analysis and Forecast 2014 -
2020
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