Orbis Research Presents Global Pharmacy Management Systems Market 2017-2021 This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments,
Market Research Report – Global Pharmacy Management Systems Market 2017-2021
The Following Companies As The Key Players In The Global Pharmacy Management Systems Market: Allscripts, Epicor Software, Cerner Corporation, And Mckesson Corporation.
Other Prominent Vendors in the market are: ACG Infotech, Clanwilliam Health, Datascan, Foundation Systems, GlobeMed, Health Business Systems, Idhasoft, Liberty Software, LS Retail, MedHOK, Mobile MedSoft, Panama Technologies, PioneerRx, Safe Care Technologies, and ScriptPro.
Commenting on the report, “One trend in market is introduction of new features in the pharmacy management system. Vendors in the market are competing very intensely by introducing new features to the pharmacy management system. The first touch-screen pharmacy management system was announced in 2015 by SharpRx. It provides an efficient way to fill prescriptions and bill third-party payers more easily. SharpRx features a touch-screen for easy navigation and is user-friendly.”
According to the report, one driver in market is rising need to automate process. The pharmacy management system providers also provide pharmacies with an online e-commerce platform, pharma cycle, connecting them to the main drug suppliers in the region or area they operate. The pharmacy management systems have become a vital component of any pharmacy that wants to be competitive in the market, and deliver better care to their customers through an efficient and automated process. The pharmacy management systems aid pharmacies to customize and streamline their workflow with a range of functions and features that improve efficiency, safety, and profitability. Some of the features that automate the work process of hospitals and individual physicians are barcode verification, inventory management, electronic prescriptions, and electronic signature capture. Hence, to stay competitive in the healthcare services industry and provide enhanced patient experience, physicians and retail pharmacies are likely to adopt the pharmacy management systems during the forecast period.
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Further, the report states that one challenges in market is selection of vendors according to specific needs. The availability of outsourcing vendors that are not solely focused on the healthcare segment makes the selection of the right vendor difficult. For deploying the pharmacy management system, prior experience in the healthcare sector is mandatory. Vendors with broad insurance experience that are not specific to the healthcare sector take up hospital contracts. These service providers are unlikely to grasp the particulars of the healthcare functions, placing hospitals at a risk of underperformance or even regulatory compliance violations.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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