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Patient accounting systems: buying substantial, but declining
Computers in Healthcare
|May 9, 1991
Summary
Hospital patient accounting system replacements have declined, especially among large facilities. Vendors must adapt software to the evolving healthcare landscape for future success.
Area of Science:
- Healthcare Management
- Health Informatics
- Information Systems
Background:
- The healthcare industry has seen a decrease in patient accounting system replacements.
- Market analysis indicates a significant drop in software purchases, particularly by large hospitals.
- The patient accounting software market is considered mature.
Purpose of the Study:
- To analyze trends in hospital patient accounting system adoption.
- To identify factors influencing software purchasing decisions in hospitals.
- To forecast the future of patient accounting software vendors.
Main Methods:
- Analysis of purchasing data from 1987-1988.
- Consulting firm reports and market analysis by Sheldon Dorenfest & Associates.
- Expert opinion on market dynamics and future vendor strategies.
Main Results:
- A notable decline in patient accounting system replacement volume was observed.
- Large hospitals showed the greatest reduction in patient accounting software purchases.
- The patient accounting software marketplace is characterized by maturity.
Conclusions:
- Hospitals are replacing patient accounting systems less frequently than in previous years.
- Software vendors need to innovate and adapt to the changing hospital environment.
- Vendors developing adaptive solutions are poised for success in the next five years.