EMR / EHR Software Market Procurement Intelligence Report

A complete buyer's guide that provides comprehensive insights on EMR / EHR Software category spend, spend growth and regional segmentation; in-depth price trends; negotiation levers and analysis of EMR / EHR Software suppliers.

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Our category grouping process defines that the overall End User Software and Hardware market includes all spend relating to the provision of off the shelf software, computer equipment, components, upgradation and replacement. Dynamics of the global EMR / EHR Software market play out within this wider arena of End User Software and Hardware market. Therefore, our coverage of the EMR / EHR Software category also operates within this broader boundary of the overall End User Software and Hardware market.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to EMR / EHR Software Procurement

Overview

A changing ecosystem within the End User Software and Hardware market also affects the procurement process, cost dynamics and supplier attractiveness for the buyers of EMR / EHR Software. Stringency in the regulatory norms pertaining to data protection and cybersecurity has increased compliance and security burden on suppliers. These additional costs have a potential to drive marginal increase in prices across the key geographies.

New locations and vendors are emerging as cost effective suppliers of EMR / EHR Software, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

Rise in the cost of certain essential assets and supplies required to deliver EMR / EHR Software is making a significant addition to the supplier's overall expenditure. This could have an inflationary impact on buyer's procurement expenditure in the EMR / EHR Software market.

EMR / EHR Software Procurement Best Practices

The report discusses in detail the best practices that have served well the category managers responsible for EMR / EHR Software procurement.

For example, Adequate RFP response time should be built in for prospective suppliers to enable them understand the scope and usage patterns properly.

Category managers must explore opportunities to integrate planning and management activities using analytics to gain better control over category spend. This will also allow them to consolidate supply base easily as well as segment service providers depending on requirements and spend on each service provider.

Buyers should ask for a detailed account of the data protection capabilities of the supplier. In addition, buyers should also enquire regarding the redundancies available during instances of outages or disruptions. While some providers can provide backup, others may have limited capabilities in hardware redundancy.


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Risks in EMR / EHR Software procurement

EMR / EHR Software procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for EMR / EHR Software procurement. Some examples include:


  • Privacy regulations regarding the information gathered, used, and exchanged by service providers vary across regions. This increases the risk of non-compliance, which can lead to the payment of hefty fines and penalties
  • An increase in the integration of IT systems is amplifying the risk of cyberattacks and theft of sensitive data
  • Suppliers may face a situation where they are unable to honor a contract in its entirety due to shortage of resources, finances or capabilities. While contractual terms safeguard buyers from the non-performance, their operations could still face massive disruptions due to suppliers' non-performance

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Who should read this report

  • The report is intended to serve as a one-stop reference guide for EMR / EHR Software procurement strategy and offers a perfect blend of category basics with deep-dive category data and insights. Therefore, it is ideal for category beginners looking for “EMR / EHR Software: Procurement Report 101” as well as for category experts actively tracking the global EMR / EHR Software procurement market.

     

    You may have just initiated your research to design a winning EMR / EHR Software procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.

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Key questions on EMR / EHR Software procurement answered by this report


    Procurement decisions can prove to be costly in the absence of careful deliberation and evaluation of every available option. In fact, more than 90% of the decision makers we work with acknowledge that timely availability of up-to-date category intelligence can help them make better purchasing decisions. More than 80% of them believe that in-house category intelligence needs to be updated periodically to achieve full benefits. If you have read so far, we are quite sure you agree!!

     

    The EMR / EHR Software procurement report helps take more informed decisions by placing all the critical information and advice at the fingertips of a decision maker. It also specifically answers some of the key questions that we have been routinely asked during our industry outreach initiatives:

     

    • What is the spend potential in the EMR / EHR Software market?
    • What is the correct price to pay for EMR / EHR Software? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for EMR / EHR Software Suppliers Market?
    • Who are the top EMR / EHR Software suppliers? What are their cost structures?
    • Which negotiation levers can reduce EMR / EHR Software procurement cost ?
    • What are supplier margins in EMR / EHR Software market?
    • What are the best practices for EMR / EHR Software procurement and what are the potential risks?

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EMR / EHR Software Category Insights: What is inside

The EMR / EHR Software market report offers a complete picture of the supply market and analyzes the category from the perspective of both buyers and suppliers. Analysis of the category trends, procurement best practices, negotiation levers and overall category management strategy advisory are interspersed with in-depth data and commentary on spend outlook, pricing ecosystem and supplier landscape drilled down to a region-level coverage.

Data

A key highlight of this report is the in-depth outlook created on EMR / EHR Software procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for EMR / EHR Software. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on EMR / EHR Software market trends, price influencers and inherent risks. These insights help the decision makers prepare for market shaping trends in advance and create alternative strategies for changes in the market conditions.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the EMR / EHR Software category efficiently. Negotiation levers and opportunities are explained in detail along with quantification of their potential. Benchmark KPIs for supplier and buyer performance management are also aggregated to better organize the category objectives. Other themes of advisory include ideal procurement organization structure, enablers to achieve KPIs or category objectives and ideal SLAs to have with suppliers.

Category Ecosystem

  • Buyer and supplier ecosystem
  • Competitiveness index
  • Buyer and supplier power
  • Threat of new entrants and substitutes

Global and Regional Sourcing Insights

  • Category spend
  • Spend growth
  • Dynamics
  • Opportunities

Pricing and Cost Analysis

    • Pricing outlook and data
    • Drivers of pricing
    • Cost structure and inputs cost
    • Total cost of ownership
    • Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

  • Buyer and supplier side levers
  • Quantified cost saving opportunities
  • Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

  • Procurement excellence
  • Sustainability and innovation
  • KPIs and category enablers
  • Risk management and outsourcing

Vendor Analysis

  • RFx essentials and selection criteria
  • SLAs
  • Supplier evaluation metrics
  • Detailed supplier profiles

Our research is complex, but our reports are easy to digest. Quantitative analysis and exhaustive commentary is placed in an easy to read format that gives you an in-depth knowledge on the category without spending hours to figure out “what does it mean for my company?”

Category Research Framework


SpendEdge presents a detailed picture of EMR / EHR Software procurement solutions by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

Information Sources


Primary research
Secondary research
Procurement heads
Industry journals and reports
Category managers
Periodicals and new articles
Sourcing consortium professionals
Category webinars
Industry experts and thought leaders
Internal categiry playbooks
Procurement managers
Industry/government websites on regulations, compliance
Category heads of suppliers
Internal databases
Client account heads/managers
Industry blogs/thought leader briefings
Client and industry consultants

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