Electronic Medical Records Software Category Procurement Intelligence Report

The report provides a comprehensive coverage on Electronic Medical Records Software category spend growth and regional spend segmentation insights, Electronic Medical Records Software price trends and Electronic Medical Records Software supply market analysis.

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This report on global Electronic Medical Records Software category is part of a larger series of reports on global End User Software and Hardware market. The scope of End User Software and Hardware spans multiple categories and is typically identified as a procurement category that includes all spend relating to the provision of off the shelf software, computer equipment, components, upgradation and replacement.

Key questions on L4 procurement answered by this report

Strategic Sourcing Guide to Electronic Medical Records Software Procurement

Overview

Business practices within Electronic Medical Records Software market are heavily influenced by changing trends across the category as well as within the broader End User Software and Hardware market. New locations and vendors are emerging as cost effective suppliers of Electronic Medical Records Software, offering an opportunity to widen the supplier base and gain further negotiation leverage with incumbent suppliers.

The ecosystem of Electronic Medical Records Software is part of an industry which is developing a host of new transformative technologies. Billions of dollars are being invested into this industry, and companies are in cutthroat competition to discover the next game changing technology, hardware, software, and services.

Buyers are showing an inclination to onboard suppliers whose offerings span beyond Electronic Medical Records Software. The practice brings in several advantages such as rationalization of supplier base, economies of scale and reduced category management cost.

As a result, category managers need to closely monitor the Electronic Medical Records Software procurement trends and identify changes required in their procurement environment for the category.

Electronic Medical Records Software Procurement Best Practices

Sometimes, procurement functions are unable to timely alter their practices while responding to market conditions. Industry experts acknowledge that periodically reviewing procurement best practices and adopting learnings from across procurement categories can help procurement teams respond to market needs in a more agile way. This report combines our experience of other categories with Electronic Medical Records Software procurement insights and hand picks best practices that can work for category managers delving in this market.

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

Procurement functions should develop custom processes to gain better visibility and involve Electronic Medical Records Software suppliers early in the procurement process.

Developing a strong understanding of the potential vulnerabilities of service providers can help buyers limit their potential losses and also gives the bargaining power to demand services from more robust measures in the SLA.


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Risks in Electronic Medical Records Software procurement

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


  • Procurement without consulting the actual users of Electronic Medical Records Software may result in a mismatch in expectations of the buyer's internal stakeholders versus the actual contract executed
  • Consistent evolution in the technological landscape of IT support services is increasing the risk of technology used by service providers becoming obsolete, which can prevent buyers from engaging with them
  • Natural disasters can sometimes impact the entire industry to a significant extent and disrupt supply chains. For example, during the floods that ravaged Thailand in 2011, many electronic manufacturing facilities were flooded and the prices of peripherals shot up by more than 100%

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Who should read this report

  • The report is intended to serve as a one-stop reference guide for Electronic Medical Records 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 “Electronic Medical Records Software: Procurement Report 101” as well as for category experts actively tracking the global Electronic Medical Records Software procurement market.

     

    You may have just initiated your research to design a winning Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records Software market?
    • What is the correct price to pay for Electronic Medical Records Software? What are the key trends and factors that influence current and future pricing?
    • Which selection criteria are the most important for Electronic Medical Records Software Suppliers Market?
    • Who are the top Electronic Medical Records Software suppliers? What are their cost structures?
    • Which negotiation levers can reduce Electronic Medical Records Software procurement cost ?
    • What are supplier margins in Electronic Medical Records Software market?
    • What are the best practices for Electronic Medical Records Software procurement and what are the potential risks?

SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!

Electronic Medical Records Software Category Insights: What is inside

The Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records 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 Electronic Medical Records 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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