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Dive Transient:
Epic was the one digital well being document vendor to see a web improve in acute care market share in 2023, as the corporate continues to drag forward of competing expertise suppliers, in accordance with a current Klas Analysis report.
The seller lined greater than half of all acute care multispecialty beds and 39% of hospitals within the U.S.
In distinction, Oracle Well being noticed its largest web hospital loss on document. A number of massive multispecialty methods switched distributors, and development amongst small standalone hospitals stagnated.
Dive Perception:
Acute care EHR buying was excessive final 12 months, pushed by massive healthcare organizations that made the majority of buying choices, in accordance with the Klas report.
Almost 80% of hospitals that had been affected by an EHR buy determination final 12 months had been a part of a well being system, and greater than half had been a part of massive well being methods.
Giant organizations are thinking about partnering with Epic as a result of they see the seller as a constantly excessive performer, in accordance with the report. In addition they selected Epic to consolidate their IT methods — a key precedence for a lot of suppliers trying to lower down on the variety of distributors they handle.
In the meantime, Oracle confronted challenges as development amongst small hospitals with 200 beds or much less stalled — beforehand an space the place the seller had notched market share successes, in accordance with Klas. In 2023, Oracle lined almost 24% of acute care beds and about 23% of hospitals.
Going through monetary stress, small standalone hospitals centered on enhancing current expertise final 12 months, and made simply 41 buying choices in comparison with 73 in 2022.
Oracle’s Millennium EHR platform additionally acquired a low buyer expertise grade, in accordance with Klas.
“Additional, Oracle Well being’s decline in efficiency and protracted income cycle challenges have resulted in some clients leaving Millennium and potential small standalone hospitals being deterred from selecting Oracle Well being,” the report’s authors wrote.
The expertise large, which acquired EHR vendor Cerner for greater than $28 billion almost two years in the past, has confronted headwinds. Oracle is shifting clients to the cloud from licensed purchases, which suggests much less income upfront and additional cash rolling in over time. Leaders have stated the section will return to development subsequent 12 months.
One other main EHR competitor, Meditech, additionally misplaced market share final 12 months. The seller lined 16% of U.S. acute care hospitals and 13% of beds in 2023.
Meditech additionally noticed its retention charge dip to its lowest on document final 12 months, with a couple of quarter of its legacy losses linked to mergers and acquisitions. A number of clients moved to Epic to consolidate methods and enhance information alternate with different Epic customers, in accordance with Klas.