Six vendors account for about half of the revenue in the electronic health record market, which is valued at about $17.9 billion, according to a report from Kalorama Information, CMIO reports (Byers, CMIO, 3/23).
In the report, Kalorama Information ranked the market share of various EHR vendors. The report also looks specifically at the markets for hospital-based EHR systems, physician practice-based EHR systems and Web-based EHR tools (Kalorama Information release, 3/23).
EHR Vendors With Largest Market Share
According to Kalorama Information, the top six EHR vendors in terms of revenue received in 2011 are:
- GE Healthcare;
- Epic; and
Bruce Carlson -- publisher of Kalorama Information -- said that all six of the companies are well-positioned to earn revenue from EHR software sales, customizing, training and consulting.
He added that Allscripts and Epic are "the firms to watch" because they "compete with each other for customers and seek to cement their position as top [EHR] choices."
According to Carlson, the fact that few EHR vendors dominate the market should not discourage other EHR firms from competing, because there still is consumer confusion about brands and demand for companies that can provide an integrated set of EHR products (CMIO, 3/23).