Global Medical Practice Management Software Market Worth $6,220.9 Million By 2021

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Medical Practice Management Software facilitates the efficient functioning of physicians, diagnostic centers, pharmacists, and other small and large health practices by providing structured framework for activities like patient flow management, patient and staff scheduling, insurance billing, claims management, inventory management etc.

The medical practice management software market is mainly driven by the increasing need to curtail growing healthcare costs, rising incidence of medical errors, growing need to adhere to regulatory guidelines, and various government initiatives to promote the use of healthcare IT across the globe. However, the high implementation cost, lack of in-house IT domain knowledge, reluctance among end users to adopt new methods, and the data security and interoperability issues limit the growth of the market to some extent.

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According to the latest publication from Meticulous Research®, the global medical practice management software market is expected to reach $6,220.9 million by 2021 with a CAGR of 7.1% over the period of 2016 to 2021. The rapidly changing healthcare system is placing all physicians and group practices under tremendous pressure to maintain the overall patient data, enhance the value of health services, raise reimbursements, improve the overall efficiency of daily operations, and meet the compliance requirements.

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Medical practice management software is designed to streamline clinical workflows, automate billing, assist with claims management, lower administrative costs, and increase the overall efficiency of day-to-day operations of physicians, diagnostic labs, pharmacies, and other end users. Thus, it is now an integral part of various types of medical practices he reports offers meticulous analysis of market dynamics, burning issues, and technological landscape of the global medical practice management software market. The report provides the competitive landscape of the major players in this market such as Allscripts Healthcare Solutions, Inc. (U.S.), Athenahealth, Inc. (U.S.), Cerner Corporation (U.S.), Epic (U.S.), GE Healthcare (U.K.), Greenway Medical (U.S.), MEDITECH (U.S.), McKesson Corporation (U.S.), and NextGen Healthcare Information System LLC (U.S) with detailed analysis of their product portfolio, financials, and recent developments.

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Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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