FROST & SULLIVAN - MANAGING DATA CHAOS THROUGH THE NEXT MILLENNIUM WITH CLINICAL DATA REPOSITORY AND WAREHOUSE SYSTEMS
Cutting costs while increasing quality and productivity is the primary objective of healthcare providers in the United States. In 1998, healthcare expenditures represented nearly 20 percent of the U.S. Gross Domestic Product, thus creating vast amounts of disparate clinical data that needed to be captured, stored, analyzed and acted upon. As technological innovation permeates healthcare organizations, the importance of structured, methodical management and analytical use of clinical data is becoming critical.
Frost & Sullivan (http://www.frost.com) is introducing new strategic research dedicated to exploring the history, current status, and future directions of the U.S. clinical data repository (CDR) and data warehouse (CDW) markets. In 1998, the total market for CDR and CDW systems achieved revenues of $777 million, and is expected to grow to approximately $1.5 billion in 2004. A host of contributing factors is driving this growth; namely the growing demand for computerized patient records (CPR) and the need for integrated solutions through an enterprise-wide system.
"The healthcare delivery system is experiencing a shift from a highly fragmented group of independent healthcare providers to integrated healthcare networks that combine all of the services, products and equipment necessary to address people's needs," says Frost & Sullivan Healthcare Information Systems Analyst Manoj Kenkare. "Clinical database systems are the backbone of the decision support system for healthcare organizations. An organization that fails to recognize that will die within the next three years."
Among the various concerns addressed by U.S. Clinical Repository and Warehouse System Markets is the Y2K issue and its relation to the healthcare information systems industry in particular. "VitalSigns2000" is a group of comprehensive contingency planning guides for healthcare organizations formulated by Odin Group, LLC. Frost & Sullivan incorporates an analysis of the importance of keeping track of the business rules associated with transforming operational data into the decision support environment. The purpose of the "VitalSigns2000" guide is to enable healthcare organizations to accurately identify and manage the risks associated with Y2K and meet regulatory and other compliance requirements.
This healthcare industry research has integrated the Market Engineering philosophy into the entire research process. Critical phases of this research included: Identification of industry challenges, market engineering measurements, strategic recommendations, planning and market monitoring. All of the vital elements of this system help the market participants navigate successfully through the U.S. clinical data repository and data warehouse system markets.
Frost & Sullivan gives out Market Engineering Leadership awards to recognize companies that have worked hard to make a positive contribution to the clinical data repository and data warehouse markets. Based on Frost & Sullivan's healthcare information systems, telemedicine, imaging and monitoring group's research, the following awards were given for U.S. Clinical Repository and Warehouse System Markets: The 1998 Market Engineering Customer Focus Award and The 1998 Market Engineering Customer Service Award, Shared Medical Systems; The 1998 Market Engineering Product Innovation Award, Epic Systems; The 1998 Market Engineering Competitive Strategy Award and The 1998 Market Engineering Product Quality Award, IBM Global Healthcare; The 1998 Market Engineering Product Line Strategy Award, Cerner Corporation; The 1998 Market Engineering Marketing Strategy Award and The 1998 Market Engineering Technology Innovation Award, Microsoft Healthcare; The 1998 Market Engineering Entrepreneurial Company Award, Data General Corporation.
Companies identified by Frost & Sullivan as market participants in the U.S. Clinical Data Repositories and Data Warehouse System Markets research include: 3M Health Information Systems, a4 Health Systems, Advanced Health Technologies, Axolotl Corporation, Brio Technology, Care Data Systems, Caremaster, CareSage Technologies, Inc., Cerner Corporation, Clinical Dynamics, Inc., CliniComp International, Compaq Computer Corporation -- Healthcare, Compucare Company (The), Data General Corporation, Dairyland Computer & Consulting, Datamedic Corporation, Dynamic Healthcare Technologies, Eclipsys Corporation, EDS Headquarters, EPIC Systems Corporation, Experior Corporation, Halis, Inc., HCIA, HCS, HBS International, Inc., Healtheon, Health Management Systems, Inc., Huntington Group (The), IBM Global Healthcare, IDX Systems Corporation, Ingenix, InterSystems Corporation, Keane, Inc., Lanier Worldwide, Inc., Lawson Software, MckessonHBOC, Mecon, Medical Information Management Systems Inc., Medical Information Technology, Inc., MedicaLogic Incorporated, Medirisk, Inc., Medplus, Inc., Micro Medical Systems, Inc., Microsoft Healthcare Corporation, MSI Solutions, Inc., Novalis Corporation, Oacis Healthcare Systems, Oceania, Inc., Oracle Corporation, Per-Se Technologies, PeopleSoft, Inc., Prism Solutions, Inc., Quadramed, Ross Systems, SAIC, SMS, SPSS Inc., Spacelabs Medical, Sybase, Inc., Synertech, SAS Institute, Transition Systems, Velos Medical Informatics, Inc., VIPS Healthcare Information Solutions, Virtual Information Systems.
Frost & Sullivan is an international marketing consulting and training company that monitors the healthcare industry for market trends, market measurements and strategies. This ongoing research is included as part of the Frost & Sullivan Online Healthcare Information Systems Custom Subscription, and is utilized to support industry participants with customized consulting needs.
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