A recent poll of industry insiders predict that the majority of EHR vendors will fail to sustain operations by the time Meaningful Use stage 3 is fully implemented, according to Black Book Rankings. The results found that 9 of 10 insiders predict the crowded environment of nearly a thousand rivals will shrink down to less than half by 2017, or by Meaningful Use stage 3, whichever comes first.
The poll of EHR industry insiders included EHR consultants, analysts, managers and support team members. Over 600 vendors are fighting for a small portion of the marketshare in this highly competitive landscape. EHR vendors express revenue loss associated with replacing lost clients as one of their most pressing concerns.
Other findings include:
- 90 percent of insiders expect the majority of existing vendors will have merged, been acquired or ceased operations within five years
- 82 percent of insiders are confident that well-funded, inventive small vendors that carved a niche in specialist sectors should have better foundations for viability than those who failed to resolve the fundamental flaws caused by being all things to all physicians
- 88 percent of insiders ascertain that most of these vendors will falter because they pushed usability issues to the back burner in order to capitalize on the incentive spoils of meaningful use achievement
- 71 percent of EHR vendor employees expect to have changed jobs within the industry at least two more times in the next three years
Black Book is recognized globally as the unbiased, independent source for polling, surveys, market research, competitive analysis, opinion mining and customer satisfaction results across industries and the information technology sectors.
Featured image credit: CBS
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